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Month: April 2020

ArcelorMittal announces commitment for new US$3bn term loan facility

 16 April 2020, 11:00 CETConfirming the continued strong support of its key relationship banks, on 16 April 2020 ArcelorMittal (the “Company”) received underwriting commitments in respect of a new US$3bn credit facility (the “Credit Facility”).  The Credit Facility represents a new commitment from BNP Paribas, Crédit Agricole Corporate & investment Bank, J.P. Morgan and Société Générale, and further enhances  the Company’s already strong liquidity position of $10.5bn as of 31 December 2019, including a €5.5bn revolving credit facility, which remains undrawn and is fully available until December 2024.The new Credit Facility will have a maturity of 12 months and can be used for general corporate purposes. While the Company has no immediate need to draw on this new Credit Facility it provides additional financial flexibility in...

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Prospekt – Kapitalforeningen Blue Strait Capital

Copenhagen, April 16, 2020 (GLOBE NEWSWIRE) —Opdateret prospekt for Kapitalforeningen Blue Strait Capital offentliggøres dags dato.Prospektet er opdateret med regnskabstal fra årsrapporten 2019, ændring af risikoklasse fra 5 til 6 samt for at reflektere en vedtægtsændring.Dokumentet kan downloades fra www.bluestraitcapital.dk eller rekvireres ved henvendelse til BI Management A/S, Sundkrogsgade 7, 2100 København Ø, tlf. 77 30 90 00.Malene EhrenskjöldDirektørVedhæftede filerProspekt Kap. Blue Strait Capital 2020.04.16 cleanVedtægter Kapitalforeningen Blue Strait Capital 2020.04.16 Clean

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Climate change risk will have transformative effect on Energy sector, according to Willis Towers Watson

LONDON, April 16, 2020 (GLOBE NEWSWIRE) — Climate change and Environmental Social Governance (ESG) will transform the energy industry risk landscape, according to Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking, and solutions company, at the launch of its annual Energy Market Review. Additionally, the recent oil price war and the reduction in demand for hydrocarbons as a result of the current Covid-19 pandemic will also have a significant impact on future energy industry risk management strategies.Environmental Social Governance (ESG) forms the key theme of the report, highlighting that the transition to a low carbon economy requires a fundamental reappraisal of energy company climate risk; the Review shows that achieving a satisfactory ESG rating will be critical in enabling energy companies to attract and...

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Forløb af ordinær generalforsamling – Kapitalforeningen Blue Strait Capital

Copenhagen, April 16, 2020 (GLOBE NEWSWIRE) —Ovennævnte forening har afholdt ordinær generalforsamling torsdag den 16. april 2020.Bestyrelsens beretningBestyrelsens beretning blev taget til efterretning af generalforsamlingen.Årsrapport og udbytteÅrsrapporten for 2019 blev enstemmigt godkendt, herunder bestyrelsens honorar samt forslag om udbetale udbytte svarende til 0,20 kr. pr. bevis for 2019.Udbytte vil fragå afdelingens indre værdi den 17. april 2020 med valør den 21. april 2020.Sidste dag for handel inklusive ret til udbytte var den 16. april 2020. Første dag for handel eksklusiv ret til udbytte var den 17. april 2020.Foreningens nettoresultat udgjorde 43.061 t.kr. og formuen 253.221 t.kr.Forslag fremsat af bestyrelsenBestyrelsens forslag om ændrede vedtægter blev godkendt.Valg til bestyrelsenDer var ikke bestyrelsesmedlemmer...

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CNH Industrial announces voting results of Annual General Meeting and publication of 2019 Sustainability Report

London, April 16, 2020CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) shareholders at the Annual General Meeting (“AGM”), held today in Amsterdam, the Netherlands, approved the Company’s 2019 EU–IFRS Annual Report (including the Consolidated Financial Statements and Separate Financial Statements of CNH Industrial N.V.).Suzanne Heywood was re-elected as executive director. Léo W. Houle, John Lanaway, Alessandro Nasi, Lorenzo Simonelli, Jacqueline A. Tammenoms Bakker and Jacques Theurillat were re-elected as non-executive directors. Howard W. Buffett, Nelda (Janine) Connors, Tufan Erginbilgic and Vagn Sørensen were elected as non-executive directors. In addition, Ernst & Young Accountants LLP was reappointed as independent auditor of the Company.Full details of all matters approved today at the AGM and the Chairperson’s and Acting Chief...

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Valmet to supply new reeling and winding technology for Metsä Board in Finland

Valmet Oyj’s press release on April 16, 2020 at 11:05 a.m. EET Valmet will supply new reel and winding technology and surrounding equipment for Metsä Board Kyro mill in Finland. In the rebuild, new reel and winder with an automatic transfer rail connection will be installed to modernize the board machine KK 1. The start-up is scheduled for the second half of 2021.The order is included in Valmet’s orders received of the second quarter 2020. The value of the order will not be disclosed. The total value of an order of this type is typically around EUR 10-20 million.“Metsä Board’s Kyro mill produces high quality coated folding boxboard and the new eco-barrier paperboard. We wanted to modernize the boardmaking finishing area and eliminate bottlenecks to meet the capacity needs of today and the future. Another important factor was reducing...

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Valmet toimittaa uutta rullaus- ja pituusleikkuriteknologiaa Metsä Boardille Suomeen

Valmet Oyj:n lehdistötiedote 16.4.2020 klo 11.05    Valmet toimittaa uutta rullaus- ja pituusleikkuriteknologiaa oheislaitteineen Metsä Boardin Kyron tehtaalle Suomeen. Uudistuksessa kartonkikone KK 1:lle asennetaan uusi rullain ja pituusleikkuri sekä näitä yhdistävät automaattikiskot koneen modernisoimiseksi. Uudistettu kone on suunniteltu otettavaksi käyttöön vuoden 2021 jälkimmäisellä puoliskolla.Tilaus sisältyy Valmetin vuoden 2020 toisen vuosineljänneksen saatuihin tilauksiin. Tilauksen arvoa ei julkisteta. Tämän tyyppisen tilauksen kokonaisarvo on tyypillisesti noin 10-20 miljoonaa euroa.”Metsä Boardin Kyron tehdas tuottaa korkealaatuista päällystettyä taivekartonkia ja uutta ekosuojakerroskartonkia. Halusimme nykyaikaistaa kartongin jälkikäsittelyaluetta ja poistaa pullonkauloja, jotta kone vastaa nykyisiin ja tulevaisuuden kapasiteettitarpeisiin....

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Erratum – EDF revises its annual nuclear output forecast

EDF revises its annual nuclear output forecastIn response to the public-health crisis, EDF has made adjustments to all its activities in order to protect personnel working on its nuclear power plants. The execution of work that was due to be performed during the maintenance outages has been significantly affected, thereby reducing power output capacity. EDF is consequently adjusting its maintenance outage plan in order to optimise output capacity. Furthermore, the economic slow-down has brought about a drop in electricity consumption, which could potentially fall by 20%1 compared to usual levels, thereby resulting in reduced nuclear output.Working alongside the transmission system operator (RTE), and to help provide a continuous supply of power throughout the winter of 2020-2021, a number of nuclear reactors may have to be taken off line...

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