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Month: June 2021

ALSTOM SA : Alstom-Bombardier led consortium to supply Tren Maya railway project

Alstom-Bombardier led consortium to supply Tren Maya railway project 9 June 2021 – The consortium made up of Alstom Transport Mexico, Bombardier Transportation México, Gami Ingeniería e Instalaciones and Construcciones Urales Procesos Industriales, will supply Mexico’s Tren Maya, a large-scale intercity railway project that is set to transform sustainable mobility in the country. The total value of the contract comes to approximately €1.3 billion (over Mex$31 billion). The portion for Alstom-Bombardier amounts to nearly €1 billion. The winning bid was announced on May 26th by the National Fund for the Promotion of Tourism (Fonatur), after its technical committee endorsed the consortium’s operational, technical, and economic proposals. The factors that determined Fonatur’s decision to select the winning consortium were cost, degree...

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SOITEC REPORTS FULL YEAR RESULTS OF FISCAL YEAR 2021

SOITEC REPORTS FULL YEAR RESULTS OF FISCAL YEAR 2021Revenue of €584m, up 1% at constant exchange rates and perimeter1 (down 2% on a reported basis) Electronics EBITDA2 margin3 at 30.7% of revenue, in line with guidance Strong Electronics net operating cash flow at €174m FY’22 revenue now expected around $950m (or around €800m based on €/$ exchange rate of 1.2), up around 40% at constant exchange rates and perimeter1 FY’22 Electronics EBITDA2 margin3 expected around 32% FY’22 CAPEX planned at around 240m€ to support ongoing industrial capacity increase Soitec’s strategic vision for the next 5 years to be unveiled during 2021 Capital Markets Day (see separate press release to be issued on June 10th)Bernin (Grenoble), France, June 9th, 2021 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor...

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Boussard & Gavaudan Holding Ltd (GBP): Newsletter May 2021

Good evening, Please find enclosed BGHL May 2021 Newsletter. Best regards, Enquiries: Boussard & Gavaudan Investment Management, LLP Email: info@bgam-uk.com This document is issued by Boussard & Gavaudan Investment Management, LLP. which is authorised and regulated in the conduct of investment business by the Financial Conduct Authority in the United Kingdom. This document is for information purposes only and is not an offer to invest. Boussard & Gavaudan Holding Limited is a closed-ended investment company incorporated under the laws of Guernsey. Boussard & Gavaudan Holding Limited is registered with the Dutch Authority for Financial Markets as a collective investment scheme under article 1.107 of the Dutch Financial Markets Supervision Act. All investment is subject to risk. Past performance is no guarantee...

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Boussard & Gavaudan Holding Ltd (EUR): Newsletter May 2021

Good evening, Please find enclosed BGHL May 2021 Newsletter. Best regards, Enquiries: Boussard & Gavaudan Investment Management, LLP Email: info@bgam-uk.com This document is issued by Boussard & Gavaudan Investment Management, LLP. which is authorised and regulated in the conduct of investment business by the Financial Conduct Authority in the United Kingdom. This document is for information purposes only and is not an offer to invest. Boussard & Gavaudan Holding Limited is a closed-ended investment company incorporated under the laws of Guernsey. Boussard & Gavaudan Holding Limited is registered with the Dutch Authority for Financial Markets as a collective investment scheme under article 1.107 of the Dutch Financial Markets Supervision Act. All investment is subject to risk. Past performance is no guarantee...

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DTE Energy Announces Closing of DT Midstream’s Senior Notes

DETROIT, June 09, 2021 (GLOBE NEWSWIRE) — DTE Energy Company (“DTE Energy”) (NYSE: DTE) today announced that DT Midstream, Inc. (“DT Midstream”), the new independent, publicly traded company that is expected to be formed through the planned spin-off of DTE Energy’s non-utility natural gas pipeline, storage and gathering business, has closed the previously announced offering (the “Offering”) of $1.1 billion of 4.125% Senior Notes due 2029 (the “2029 Notes”) and $1 billion of 4.375% Senior Notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “Notes”).  The Notes were issued by DT Midstream and guaranteed by certain of DT Midstream’s subsidiaries. DT Midstream intends to use the net proceeds from the sale of the Notes for the repayment of intercompany obligations due to DTE Energy and the payment of a dividend to...

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David Varet joins Wendel as an Operating Partner

  David Varet joins Wendel as an Operating Partner Wendel is pleased to welcome David Varet as an Operating Partner. David is based in Paris and reports to the Executive Board. He will closely work with senior management of our portfolio companies alongside our investment teams. David started his career as a Senior Technology Consultant in the IT Division of Capgemini. David then worked for PSA for 5 years, first as an International Project Manager in logistics and distribution and then as a Worldwide Pricing Manager, car parts and accessories. He also worked for 5 years at The Boston Consulting Group which he left as a Principal. Prior to joining Wendel, David was Chief Executive Officer at HOMEBOX for 8 years, based in Paris. David is an Ecole Polytechnique and Ecole des Mines de Paris graduate.   Agenda 06.29.2021 Annual General Meeting 07.29.2021 H1...

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Pipeline & Process Services Market to Hit USD 4.8 Billion By 2027 | Market Research Future (MRFR)

The key players operating in the global pipeline & process services industry are Chenergy Services Limited (Nigeria), Halliburton (US), BHGE (US), Enermech (Scotland), Blue Fin Group (US), Hydratight (UK), Techfem SpA (Italy), Altus Intervention (Norway), IKM Ocean Design (Norway), Tucker Energy Services (US), IPEC Ltd. (UK), and Trans Asia Pipeline & Specialty Services (UAE)., among others. Pune, June 09, 2021 (GLOBE NEWSWIRE) — Pipeline & Process Services Market Analysis Market Research Future (MRFR) predicts the global pipeline & process services market to reach USD 4.8 billion at a CAGR of approximately 5.2 % from 2020 to 2027 (forecast period).   The terms pipeline and process services refer to two types of services: pipeline services and process services. Pipeline services involve activities for distribution...

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Video Release — Ingalls Shipbuilding to Hire Approximately 3,000 Full-Time Shipbuilders

PASCAGOULA, Miss., June 09, 2021 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division plans to hire approximately 3,000 full-time shipbuilders as part of its future growth plan. Ingalls’ talent acquisition team has been recruiting across Mississippi, Alabama and Louisiana, and will return to Pascagoula on June 10 to host a hiring event at Ingalls’ new human resources building located at 1000 Jerry St. Pé Highway. “We are steadily adding new team members to our growing workforce,” Ingalls Shipbuilding President Kari Wilkinson said. “Shipbuilding is a challenging, extremely rewarding and potentially life-changing career, and we are excited to offer so many full-time, stable, full-benefits opportunities to our community.” Ingalls offers competitive pay and health insurance, 12 paid holidays annually,...

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InMed Pharmaceuticals to Present at the 2021 BIO Digital Conference

VANCOUVER, British Columbia, June 09, 2021 (GLOBE NEWSWIRE) — InMed Pharmaceuticals Inc. (“InMed” or the “Company”) (Nasdaq: INM), a clinical-stage company developing cannabinoid-based pharmaceutical drug candidates and leading the clinical development of cannabinol (“CBN”), today announced that Eric. A. Adams, President and CEO of InMed, will present at 2021 BIO Digital, the premier biotech conference, which is being held virtually this year from June 10-11 and 14-18, 2021. Mr. Adams will provide an overview of InMed’s progress and programs, including the company’s IntegraSyn™ cannabinoid manufacturing system and Phase 2 clinical development of INM-755 (cannabinol) cream for the treatment of epidermolysis bullosa. The presentation will be available on demand to registered attendees during the conference, starting June 10th at...

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Ørsted completes acquisition of Ireland and UK onshore wind power platform from Brookfield Renewable

Further to our company announcement issued on 16 April 2021, Ørsted has completed the acquisition of a 100 % equity interest in Brookfield Renewable’s onshore wind business in Ireland and the UK, Brookfield Renewable Ireland (BRI). BRI is a developer, owner, and operator of onshore wind farms headquartered in Cork, Ireland. BRI has a portfolio of 389 MW in operation and under construction, 149 MW advanced development, and more than 1 GW of development pipeline in Ireland and the UK. Declan Flanagan, CEO of Ørsted’s Onshore business unit, says: “With the acquisition completed, we officially enter the European onshore market. We welcome a BRI team with strong technical capabilities and a business culture very complementary to our own and look forward to growing the portfolio together.” The existing management team will continue to run the...

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