Heavy Electrical Equipment

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Aker Philadelphia Shipyard ASA announces completed closing of Philly Tankers Transaction

Thursday, 10 Jul 2014 09:11am EDT

Aker Philadelphia Shipyard ASA:Announces, with reference to the June 10 announcement, the completed closing for the Philly Tankers Transaction.Says Philly Tankers had successfully secured equity commitments necessary to finance the purchase of two product tankers from AKPS with deliveries in 2016 and 2017 (the Transaction), and closing of the Transaction had been expected to occur in mid-July.Says the conditions precedent to the closing of the Transaction have been satisfied and the Transaction is closed.Says AKPS and Philly Tankers, through their subsidiaries, have entered into firm contracts for two eco-design product tanker newbuilds and options for two additional vessels of the same type.

Schindler Holding AG acquires majority in Chinese joint venture

Wednesday, 9 Jul 2014 12:00pm EDT

Schindler Holding AG:Has reached agreement with majority shareholders of XJ-Schindler (Xuchang) Elevator Co. Ltd to increase its participation in 2014 from 46 pct to 51 pct.Has reached agreement with majority shareholders of XJ-Schindler (Xuchang) Elevator Co. Ltd which allows Schindler to purchase another 5 pct of company.Agreement furthermore gives Schindler right to acquire further 5 pct of company in each of forthcoming 3 years and to raise its participation to 66 pct in total by 2017.Says first call option is expected to be exercised in August.


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Report Title Price
Provider: Bohai Securities Co.,Ltd.
Provider: Bohai Securities Co.,Ltd.
Provider: GlobalData
Provider: Reuters Investment Profile
Provider: Bohai Securities Co.,Ltd.

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