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Month: April 2024

Valeo announces its green bond issue for an amount of 850 million euros with maturity April 2030

PRESS RELEASEParis, April 4, 2024 Valeo announces its green bond issue for an amount of 850 million euros with maturity April 2030 On April 4, 2024, Valeo announced the placement of 850 million euros worth of new green bonds maturing April 11, 2030. This issue raised 850 million euros in bonds maturing in 6 years with a coupon of 4,50%. BNP Paribas, Crédit Agricole CIB, Citibank, Mizuho and Natixis acted as Joint Active Bookrunners. The net proceeds of the transaction will be used for financing projects and investments linked to the portfolio of technologies that contribute to low-carbon mobility, in particular vehicle electrification. The green bonds are issued under Valeo’s Green and Sustainability-linked Financing framework, established in September 2023, available on Valeo’s website in the Bond Investors section. A second supplement...

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WENDEL: Wendel launches the sale of approximately 9% of Bureau Veritas’ share capital

Wendel launches the sale of approximately 9% of Bureau Veritas’ share capitalWendel will remain Bureau Veritas’ largest and controlling shareholder and reiterates its full confidence in Bureau Veritas’ strategy The transaction aims at allowing asset reallocation for Wendel, in line with its strategic roadmap The transaction will be carried out by way of an accelerated bookbuilding process to institutional investors As part of the transaction, the Lac1 fund, managed by Bpifrance, on behalf of French and international investors, has committed to purchase approximately 4% of Bureau Veritas’ share capital In line with its recently announced capital return objective, Bureau Veritas has also committed to participate in the accelerated bookbuilding process in order to purchase about 0.8% of its share capital Upon completion of the transaction,...

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AKWEL : CURRENT OPERATING INCOME UP 64% TO €61M

        Thursday, April 4, 2024 CURRENT OPERATING INCOME UP 64% TO €61MCurrent operating margin of 5.7% of turnover Net cash position €105m Proposed dividend of €0.30 per shareAKWEL (FR0000053027, AKW, PEA-eligible), parts and systems manufacturer for the automotive and heavy-vehicle industry, specialist in fluid management, mechanisms, and structural parts for electric vehicles, posted its 2023 annual results, as approved by the executive board, on April 3, 2024. Audit reports are in the process of being issued.Consolidated data – in € millions 2023 2022 2022 revised Var. in %Revenue 1,066.4 990.5 989.5 +7.8%EBITDA 101.9 81.3 80.8 +26.1%Current operating income 61.0 38.6 37.2 +64.0%Current operating margin 5.7% 3.9% 3.8% +1.9 ptsOperating income 49.3 37.7 36.3 +35.8%Financial income 0.3 0.6 0.4 -21.5%Net...

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Service Experts Grows to Become the Largest Residential Home Comfort Business in the US

RICHARDSON, TX, April 04, 2024 (GLOBE NEWSWIRE) — Service Experts has acquired 19 local HVAC and plumbing service centers from HomeServe USA Corp. This latest acquisition will bring the company’s total number of local service centers to 98 serving homeowners across 31 U.S. states. With this broad expansion Service Experts builds on its leading position delivering worry-free comfort to even more homes and businesses across the US. “Service Experts’ core promise is to make our customers feel right at home, and we look forward to delivering on our vision where every home and workplace will be a haven of comfort, well-being and energy efficiency. This acquisition means we can deliver expert comfort in even more markets,” said Rob Comstock, CEO of Service Experts. “Our position as the leading provider of total home comfort requires...

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PodcastOne (Nasdaq: PODC) Appoints Carolyn Blackwood to Its Board of Directors

Former COO of Warner Bros. Pictures and President & CCO of New Line Cinema Brings Over 25+ Years of Entertainment Industry Experience and Proven Successful Track Record Across Wide Range of Genres, Including Movies Such as “Barbie, Elvis, Dune, The Conjuring, Hobbit & IT” Among Others Possesses Deep Relationships to Continue to Monetize and Expand Upon LiveOne’s First $20M+ B2B Partnership. Currently Over 50+ B2B Deals in LiveOne’s Pipeline Invaluable Experience Enhancing PodcastOne’s Ability to Identify and Sell Proven Podcasts to Streaming Networks as Scripted Shows Diversifies Complimentary Talents of PodcastOne’s Board, Including Industry Veterans Patrick Wachsberger and Jim Berk to Bring Its Slate of Successful Podcasts to TV & Film LOS ANGELES, CA, April 04, 2024 (GLOBE NEWSWIRE) — via NewMediaWire —...

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Vow ASA: Significant change order confirmed

Oslo, 4 April 2024: Vow ASA (OSE: VOW) Scanship AS has achieved a significant milestone today by securing a change order worth EUR 2.1 million from a prominent European shipyard. This is a change order to two existing contracts in the company’s backlog. With this change order, the total scope of the largest contract now amounts to EUR 10.4 million, ranking it as the largest single technology supply contract ever awarded to Scanship for a cruise ship under construction. “This is more than double the average size of contracts only a few years back. It confirms a trend we see among shipowners and shipyards to include more advanced climate and cleantech technology and solutions about the cruise ships. With increased emphasis on environmentally sustainable practices and innovative technologies, and construction of even larger ships, our offering...

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Bessor Announces Entering Option for the Easter Gold Project

Vancouver, BC, April 04, 2024 (GLOBE NEWSWIRE) — Bessor Minerals Inc. (TSXV:BST) (“Bessor” or the “Corporation”) is pleased to announce that, on April 3, 2024, it entered into an option agreement (the “Option Agreement”) with K2 Resources Inc. (“K2”) wherein K2 shall grant an option to Bessor to earn a 60% interest in the Easter gold project in Lincoln County, Nevada (the “Easter Gold Project”). With gold breaking out to recent new highs, Bessor is excited to move forward with the Easter Gold Project as an advanced stage exploration asset with significant potential to grow from drilling. The execution of the Option Agreement is subject to the approval of the TSX Venture Exchange (the “TSXV”). Highlights:Advanced stage gold and silver exploration deposit. Significant untested exploration potential. Located 13.4 miles...

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Park Street A/S – Annual Report 2023

Park Street A/S – Annual Report 2023 Copenhagen, 4 April 2024 Park Street result analysis primarily uses the term EBVAT (Earnings before value adjustments and tax) to measure the Group’s operating results. The Group achieved in 2023 an EBVAT (profit excluding value adjustments and tax) of DKK 41.4 million (2022:DKK 42.9 million), as compared to expectations of DKK 45-50 million (published in the Park Street Interim Report Half Year 2023 results announcement in Aug 2023), primarily driven due to a combination of reduction in number of assets from sale of properties, leading to lower income, combined with an increase in financial expenses due to changes in interest rates. Furthermore, there was an increase in new leasing adding to costs for marketing activity, and an increase in energy costs related to vacant units.  We expect the EBVAT...

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EXL named a Leader in Everest Group 2024 Advanced Analytics and Artificial Intelligence (AI) Services Specialists PEAK Matrix® Assessment

NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, announced it has been named a Leader in Everest Group’s Analytics and Artificial Intelligence (AI) Services Specialists PEAK Matrix® Assessment 2024. EXL is the top performer and Leader among the 26 leading analytics and AI service providers in categories including vision and strategy, innovation and investments, and scope of services offered. “EXL has built extensive, diverse, function-specific and cross-functional IP that enhances its service delivery for data, analytics, and AI services and augments its digital operations service and delivery,” said Vishal Gupta, Partner, Everest Group. “EXL’s effective talent management capabilities and strong BFSI, healthcare, and retail and CPG industry knowledge...

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Greenbacker delivers 2023 results

Greenbacker’s 104 MW MTSun solar projectThe 104 MWdc / 80 MWac MTSun solar project represents the second largest asset in Greenbacker’s national operating fleet.Greenbacker’s 99 MW Fall River solar projectThe 99 MWdc / 80 MWac Fall River solar project represents the third largest asset in Greenbacker’s national operating fleet.Company announces annual revenue; year-over-year increases in power generation and operating capacity; and 2023 highlights, including its first wind asset repowers, milestone monetization of IRA incentives, and new energy transition real estate strategy Key TakeawaysGreenbacker completed its first project repowers and qualified them for a 40% tax credit, including the IRA’s new domestic content tax credit adder; monetizing this credit via sale-leaseback financing allowed the Company to finance...

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