Highways & Rail Tracks

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Atlantia SpA its unit Autostrade per l’Italia to raise its stake in Autostrada Tirrenica to 99.93 pct

Thursday, 26 Feb 2015 03:21am EST

Atlantia SpA:Its Autostrade per l’Italia agrees with Banca Monte Paschi di Siena SpA, Societa Autostrada Ligure Toscana SpA (SIAS Group), Holcoa1, Vianco SpA to acquire a further 74.95 pct stake in Autostrada Tirrenica SpA thus raising its total interest to 99.93 pct.Autostrade per l’Italia already owns 24.98 pct of Autostrada Tirrenica SpA (SAT).The cost of transaction is about 84 million euros.Vianco SpA is 100 pct-owned by Vianini Lavori SpA Caltagirone Group.SAT holds the concession for the A12 Livorno–Civitavecchia motorway.The purchase is expected to complete within the first half of 2015.

TPI Triunfo Participacoes e Investimentos SA completes acquisition of Transbrasiliana Concessionaria de Rodovia SA

Tuesday, 6 Jan 2015 05:38am EST

TPI Triunfo Participacoes e Investimentos SA:Says on Jan. 05, completed the full acquisition of BR Vias Holding TBR SA, owner of 100 pct of Transbrasiliana Concessionaria de Rodovia SA.Dal price of 22.4 million Brazilian reais.

Jiangsu Expressway to acquire companies

Tuesday, 30 Dec 2014 07:00pm EST

Jiangsu Expressway Co Ltd:To acquire 100 pct stake and liabilities in Jiangsu-based highway company, at amount of 502 mln yuan, from Jiangsu-based transportation company.Jiangsu-based highway subsidiary to acquire 100 pct stake in another Jiangsu-based highway company, at price of 662 mln yuan, from three companies including Jiangsu-based transportation company.

StorageVault announces proposed $51mm asset acquisition

Friday, 5 Dec 2014 12:39pm EST

StorageVault:Enters into an asset purchase agreement dated Dec. 02, with Access Self Storage Inc. and Cubeit Portable Storage Canada Inc., collectively referred to as.Pursuant to which StorageVault has agreed to purchase all of the portable storage assets and business of Cubeit and certain of the self-storage assets and business of Access for an aggregate purchase price of $51,275,000.Vendors are not related parties to StorageVault.Pursuant to the terms of the Purchase Agreement, the Proposed Acquisition will occur in two tranches.

Xiandai Investment Co Ltd sub-subsidiary to acquire stake in Beijing CSCE Environmental Engineering Co., Ltd

Tuesday, 25 Nov 2014 07:00pm EST

Xiandai Investment Co Ltd:Wholly owned Hunan-based environmental technology sub-subsidiary to acquire 51 pct stake in Beijing CSCE Environmental Engineering Co., Ltd with 15.3 million yuan.Beijing CSCE Environmental Engineering Co., Ltd is mainly engaged in construction project management and construction general contract.

Ansys Ltd announces acquisition of PARSEC; 25 pct OF Parsec (Pty) Ltd; 20 pct OF Redline Telecommunications

Monday, 3 Nov 2014 02:01am EST

Ansys Ltd:Says it made an offer to the shareholders of Parsec Holdings (Pty) Ltd (Parsec), Parsec (Pty) Ltd and Redline Telecommunications SA (Pty) Ltd (the Sellers).To purchase 100 pct of the shares in and all shareholders claims against Parsec from Parsec shareholders.To purchase 25 pct of the shares in and all shareholders claims against Parsec (Pty) Ltd from the minority shareholder of Parsec (Pty) Ltd.To purchase 20 pct of the shares in and all shareholders claims against Redline Telecommunications SA (Pty) Ltd from the minority shareholder of Redline Telecommunications SA (Pty) Ltd.Says the offer was accepted on Oct. 31.Says it is purchasing the acquisitions from the sellers for 86,500,000 Rand, plus 37,000,000 Rand less the debt associated with the property on the effective date which is expected to be about 30,300,000 Rand resulting in a net consideration for the property of about 6,700,000 Rand.


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