Passenger Transportation, Ground & Sea

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Liepajas autobusu parks AS acquires new buses through public tender

Friday, 28 Nov 2014 03:18am EST

Liepajas autobusu parks AS:Announces that the public tender "For a new buses to public passenger transport" has come to an end.Says the identification No. ASLAP2014/01.Says the supplier is Solaris Bus & Coach S.A.Says the contract price is 7.697 million euros.

Avis Budget Group Inc completes acquisition of Budget Licensee for Southern California and Las Vegas

Wednesday, 19 Nov 2014 06:54pm EST

Avis Budget Group Inc:Says that it has completed its previously announced acquisition of its Budget Car Rental licensee for Southern California and Las Vegas.Says the licensee acquired operates directly at Los Angeles International and Bob Hope Burbank airports, as well as numerous local market locations throughout the Los Angeles metropolitan area.Says the acquisition was funded primarily with the proceeds from a $175 million offering of 5.50 pct. senior notes due 2023, issued with a yield to maturity of 5.56 pct., which the company completed earlier this month.

Autohellas SA approves merger by absorption of Vacar SA and share capital increase

Friday, 31 Oct 2014 09:51am EDT

Autohellas SA:Approves merger by absorption of Vacar SA.Approves share capital increase by issuance of new shares after merger.

Hurtigruten ASA recommends takeover bid

Wednesday, 29 Oct 2014 03:25am EDT

Hurtigruten ASA:Says Silk Bidco AS announces a voluntary cash offer for 100 pct of the shares in Hurtigruten ASA.Says under the terms of the Offer, Hurtigruten shareholders will receive 7.00 Norwegian crowns per share, valuing the total share capital of Hurtigruten at around 2.9 billion Norwegian crowns.Says pre-acceptances in respect of the Offer together with shares owned by parties connected with Silk Bidco, represent 55.87 pct of the total issued share capital of Hurtigruten ASA.Says the independent members of the board of directors of the company have unanimously decided to recommend the Offer.

Avis Budget Group Inc agrees to acquire its budget licensee for Southern California and Las Vegas

Friday, 24 Oct 2014 08:30am EDT

Avis Budget Group Inc:Agrees to acquire its Budget Car Rental licensee for southern California and Las Vegas for about $210 mln, plus cost of acquired fleet.Group expects to fund acquisition with available cash and incremental corporate debt borrowings.

Transnational Group enters purchase agreement to acquire second property for Tranquil Waters project

Thursday, 9 Oct 2014 09:00am EDT

Transnational Group Inc:Company enters into purchase agreement for 113-acre property in San Joaquin Valley, CA that will increase size and scope of its planned Tranquil Waters project.Transnational Group has opened escrow on 113-acre property, which is adjacent to 155-acre property that company recently agreed to acquire for development of its Tranquil Waters project.The escrow is scheduled to close in 120 days, during which time company will apply for all necessary drilling and well permits as well as requisite local governmental approvals permitting the sale of water recovered from property.Company also expects to finalize agreements with all contractors who are to perform work on Tranquil Waters' initial 155-acre property and receive necessary permits allowing the sale of water recovered from project within coming weeks.A hydrologist's report on properties will also be obtained during this period.

Transnational Group Inc to acquire property

Tuesday, 23 Sep 2014 08:30am EDT

Transnational Group Inc:Entered into an agreement to purchase a 155-acre property located in California's San Joaquin Valley for the purpose of developing water rights on the property that will be used to develop the company's 'Tranquil Waters' project.Financial terms were not disclosed.

Autohellas SA signs agreement to merge with Vakar SA

Friday, 12 Sep 2014 10:21am EDT

Autohellas SA:Says has signed an agreement to acquire Vakar SA.Says Vakar to be absorbed by Autohellas.

Transport International Holdings Ltd's subsidiary enters into purchase contract with ADL Asia

Monday, 11 Aug 2014 04:24am EDT

Transport International Holdings Ltd:Kowloon Motor Bus Company (1933) Limited (KMB), a wholly-owned subsidiary enters into purchase contract with ADL Asia for purchase of 209 units of Enviro 500 Double-deck CKD Buses at the consideration of about 44.6 mln Pounds.

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