Day: July 2, 2020

Coface Finalizes the Acquisition of GIEK Kredittforsikring AS

Written by Customer Service on July 2, 2020. Posted in Mergers And Acquisitions.

Princeton, NJ, July 02, 2020 (GLOBE NEWSWIRE) — Coface announces the closing of the acquisition of GIEK Kredittforsikring AS, a company created in 2001, and owned by the Norwegian Ministry of Trade, Industry and Fisheries, that manages a short-term export credit insurance portfolio. Coface has acquired all GIEK Kredittforsikring AS shares, and the business will thus operate under the brand name Coface GK.In 2019, GIEK Kredittforsikring AS recorded a total of around €9m (NOK99m) of gross written premiums with a portfolio that is widely focussed on export policies.This transaction will have a non-material impact on Coface’s solvency ratio. At this stage, Coface expects to book a badwill* in its third quarter 2020 accounts, currently estimated at a positive EUR 8 million.With this acquisition, Coface strengthens its market position...

Brookfield Renewable Announces Quarterly Dividend Rate on Its Series 2 Preference Shares

Written by Customer Service on July 2, 2020. Posted in Dividend Reports And Estimates.

All amounts in Canadian dollars unless otherwise statedBROOKFIELD, News, July 02, 2020 (GLOBE NEWSWIRE) — Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) today announced the quarterly dividend on Brookfield Renewable Power Preferred Equity Inc.’s floating-rate Class A Preference Shares, Series 2 (“Series 2 Shares”). The dividend is paid at an annual rate, calculated for each quarter, of 2.62% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the August 1, 2020 to October 31, 2020 dividend period will be 0.71306% (2.829% on an annualized basis) and the dividend, if declared, of such dividend period will be $0.178265 per share, payable on Monday, November 2, 2020.Brookfield Renewable PartnersBrookfield Renewable operates...

Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2020

Written by Customer Service on July 2, 2020. Posted in Earnings Releases And Operating Results.

MARION, N.Y., July 02, 2020 (GLOBE NEWSWIRE) — Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2020.Highlights (vs. year-ago, year-to-date results):Net continuing sales increased $136.2 million or 11.4% as compared to the prior year twelve months. This is a result of higher selling prices/sales mix of $79.5 million and higher sales volume of $56.7 million. The increase in sales is primarily from a $61.6 million increase in canned vegetable sales and a $51.6 million increase in B&G Foods Inc. sales.Gross margin percentage from continuing operations increased from 3.3% to 10.6% as compared to the prior year twelve months. Higher sales volume, lower cost increases and a decrease in the LIFO charge all contributed to the higher gross margin...

Grupo TMM Reports 2020 First-Quarter Financial Results

Written by Customer Service on July 2, 2020. Posted in Earnings Releases And Operating Results.

(In Millions of Mexican Pesos)2020 First-Quarter Financial Results Include:Consolidated Income of $358.9 million.Free Cash Flow of $467.0 million.No Net Debt; Total Debt is lower than the Free Cash Flow.Stockholders’ Equity of $2,435.8 million. Financial Debt of 10.9 percent from Stockholders’ Equity.MEXICO CITY, July 02, 2020 (GLOBE NEWSWIRE) — Grupo TMM, S.A.B. (OTC: GTMAY and BMV: TMM A; “TMM” or the “Company”), a Mexican Maritime-management transportation and logistics Company, reported today its financial results for the first quarter.MANAGEMENT OVERVIEWJosé F. Serrano, Chairman and Chief Executive Officer of Grupo TMM, said, “The slowdown of the economy in Mexico and the world during 2019 and the first months of this year, which were mainly due to the downturn in oil prices, coupled with the declaration of a health emergency...

Compass Diversified Holdings Declares Second Quarter 2020 Distributions on Common and Series A, B and C Preferred Shares

Written by Customer Service on July 2, 2020. Posted in Dividend Reports And Estimates.

WESTPORT, Conn., July 02, 2020 (GLOBE NEWSWIRE) — Compass Diversified Holdings (NYSE: CODI) (“CODI” or the Company”), an owner of leading middle market businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution of $0.36 per share on the Company’s common shares (the “Common Shares”). The distribution for the three months ended June 30, 2020 is payable on July 23, 2020 to all holders of record of Common Shares as of July 16, 2020.The Board also declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A Preferred Shares covers the period from, and including, April 30, 2020, up to, but excluding, July 30, 2020. The distribution for such period is payable on July...

Meridian Adhesives Group Acquires E-Chem

Written by Customer Service on July 2, 2020. Posted in Mergers And Acquisitions.

Dalton, GA, July 02, 2020 (GLOBE NEWSWIRE) — Meridian Adhesives Group (Meridian) announced today the acquisition of E-Chem. Located in Albuquerque, New Mexico, E-Chem specializes in the design, manufacturing, marketing and supply of epoxy polymer products for concrete. These high-value products are used in the preservation, rehabilitation, repair and structural support of concrete surfaces and structures. The company serves multiple industries, including transportation authorities, petro-chemical processing, renewable energy, non-residential concrete construction and parking structure rehabilitation. “We are thrilled to have E-Chem joining the Infrastructure Division of Meridian,” said Daniel Pelton, CEO of Meridian Adhesives Group. “We are looking forward to expanding our business more aggressively in the infrastructure market, and...

The Luxury Hut Working to Ease Pawning Rolex Watches Online

Written by Customer Service on July 2, 2020. Posted in Public Companies.

The Luxury Hut, a trusted pawnbroker in London, has stated that they are working on their website to increase the convenience of pawning Rolex watches online. The main objective of the company is to increase efficiency and make it easier for consumers to acquire extra cash by pawning their luxury watch online from anywhere. The company is making this move at a time when the outbreak of COVID-19 has hit a large part of the economy, and many people may want to access fast cash in today’s economic crisis. The firm is giving significant efforts to make its online site more user-friendly, secure, as well as increase the likelihood to obtain money in as little time as possible. Rolex is a prestigious and highly valuable brand. Watches from this brand are the common assets that people use as collateral for a pawn loan. The Luxury Hut is a trustworthy...

Imperial Finsol Pvt.Ltd. Launched Mutual Funds Investment Mobile App in Market | Imperial Money

Written by Customer Service on July 2, 2020. Posted in Public Companies.

In Imperial money you can start SIP, lump-sum investment for free. Switching of the funds from one fund to other fund and Systematic withdrawal plan or funds from liquid to equity or equity to liquid while re-balancing of the portfolio you can just do it here anytime anywhere you are. Investing becomes easy with your fingertips· Get Sign up in minutes, · One time KYC process within the app · Buy, Sell, Shift mutual funds within fund family. · Buying Systematic investment plan or doing the STP or SWP is just simple and easy. Invest in all mutual funds online for free· You do not require paying any additional cost for buying funds from Imperial money!! · Most researched Mutual funds baskets are available. · Sell anytime – Money comes to your bank account directly · Learn to invest in mutual funds with as low as Amount of Rs.500/- with...

Enhance Your Medical Practice With Hero FinCorp Medical Equipment Loan

Written by Customer Service on July 2, 2020. Posted in Public Companies.

Healthcare has transformed over the years with medical technologies being innovated and upgraded to efficiently detect or cure existing or new ailments. It is vital that medical professionals adopt these latest technologies to ensure that the healthcare system of a country never fails. However, it is not easy to purchase new medical equipment as these do not come cheap. Medical practitioners using their emergency savings for the same purpose is not a practical move. To solve this dilemma, Hero FinCorp medical equipment loan has been envisaged. Hero FinCorp is a reliable name in the industry and has a strong presence across the length and breadth of the country. This financial institution strives to help individuals with funds and have several loan products to choose from. Hero FinCorp has carefully designed a medical equipment loan that...

Sale of Admoove Sweden for 315K€

Written by Customer Service on July 2, 2020. Posted in Mergers And Acquisitions.

Press releaseSALE OF ADMOOVE SWEDEN FOR €315KLevallois-Perret, July 2nd 2020, 6:00 pmAdUX, the digital advertising and user experience specialist (ISIN Code FR0012821890 – ADUX), announces the sale of its Swedish subsidiary for €315K settled by offsetting the AdUX’s debt against its former subsidiary for €305K.AdMoove Sweden has been acquired by ANTLIA Investments B.V. for €315 000 out of which €10 000 is paid in cash and €305 000 settled by offsetting the AdUX’s debt against its former subsidiary. The activity of Admoove Sweden had dropped considerably since the loss of its main contract in the summer 2018, and had triggered the total depreciation of the goodwill attached to this activity. In the first quarter of 2020, Admoove Sweden’s revenue reached around €0.2M and was not profitable. This divestment aims at participating...

Day: July 2, 2020

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