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Apollo Provides $750 Million High Grade Capital Solution to Mumbai International Airport Ltd. in Second Transaction
Globenewswire· 2025-06-24 00:00
Core Insights - Apollo-managed funds have completed a $750 million investment grade rated financing for Mumbai International Airport Ltd. (MIAL), a subsidiary of Adani Airports Holdings Limited, which operates Chhatrapati Shivaji Maharaj International Airport, the second largest airport in India [1][2]. Financing Details - The financing consists of 4-year senior secured notes aimed at refinancing existing debt, enhancing MIAL's financial flexibility for operations, modernization, and sustainability initiatives [2]. - The structure allows for an additional $250 million in funding to accelerate capital expenditure and capacity expansion, marking it as one of the largest private investment grade rated deals in India's infrastructure sector [2]. Strategic Importance - This financing is part of MIAL's ambitious growth capital expenditure plans, with Apollo previously providing operational flexibility to deleverage [3]. - The investment positions MIAL to enhance the airport experience for travelers and aligns with the Adani Group's execution capabilities [3]. Market Context - India is identified as an attractive market for hybrid and credit financing, particularly for critical infrastructure projects, making it a key focus for Apollo in Asia [3]. Sustainability Commitment - MIAL is committed to sustainability, aligning with UN Sustainable Development Goals through initiatives such as transitioning to electric vehicles and achieving net zero emissions by 2029 [4]. Company Background - MIAL operates under a Public-Private Partnership model, with Adani Airport Holdings Limited holding a 74% stake and the Airports Authority of India holding 26% [6].
Terra Metals 与 Metalex Commodities 成立合资企业开发 Mwinilunga 铜矿
Globenewswire· 2025-06-21 14:15
Group 1 - Terra Metals Limited and Metalex Commodities Inc. have formed a joint venture named Lunda Resources to develop and operate the Mwinilunga copper mine in Zambia's Northwestern Province [1][2] - The initial investment for the project is 270 million Zambian Kwacha, with a total planned investment of 2.7 billion Zambian Kwacha for comprehensive mine construction, including copper ore processing systems [1] - The mine is expected to process up to 2 million tons of ore annually, producing approximately 100,000 tons of copper concentrate, copper cement, and cobalt precipitate [1] Group 2 - The partnership is seen as a milestone for both companies and the future of Zambia's mining sector, providing resources and international influence to responsibly scale operations and create local job opportunities [2] - The joint venture aims to provide low-emission, high-impact metals to the global market while promoting inclusive economic growth in Zambia [2] - The project is highlighted as a model of responsible international cooperation, reflecting the U.S. commitment to strengthening business ties with Zambia and supporting responsible investment in critical minerals [2] Group 3 - Terra Metals Limited is a local exploration and mining company in Zambia focused on developing critical minerals sustainably for the U.S. and allied markets [3] - Metalex Commodities Inc. is a U.S.-based metal company dedicated to supplying carbon-neutral critical metals produced in Africa to the global market [4] Group 4 - The joint venture has already employed 130 Zambians and plans to create an additional 400 jobs [4] - The initiative includes integrating up to 1,000 artisanal miners into the supply chain through fair procurement mechanisms [4] - A 10-megawatt solar power generation and storage facility is being designed to reduce emissions and fuel consumption [4] - Over 4.6 million Zambian Kwacha will be invested in water and sanitation projects benefiting more than 3,000 people [4] - The companies have committed to investing 27 million Kwacha annually in community development until 2030, collaborating with local chiefs [4]
Safe and Green Development Announces Strategic Plan to Unlock Shareholder Value Post-Acquisition
Prnewswire· 2025-06-11 12:52
Core Insights - Safe and Green Development Corporation's subsidiary, Resource Group US Holdings LLC, is expanding into high-value potting media and soil substrates using advanced milling technology [1][2] - The company aims to transition from commodity compost to higher-value markets, introducing sustainable products under the "Renewable Earth™" brand, with potential pricing reaching approximately $150 per ton, which is up to five times the value of traditional compost [1][2] - The implementation of Microtec milling technology, which has over 90 global installations, is expected to enhance production capabilities and market access [1][2] Company Overview - Safe and Green Development Corporation focuses on real estate development, particularly in green housing projects across the United States, and wholly owns Resource Group US Holdings LLC, which operates an organics processing facility in Florida [3] - Resource processes source-separated green waste and is expanding into sustainable, high-margin soil products through advanced milling technology [3] - The company also owns Majestic World Holdings LLC, which has developed a real estate AI platform to enhance transaction efficiency and increase margins on home sales [3] Market Potential - The introduction of the Renewable Earth product line is expected to create circular economic value by reducing reliance on environmentally harmful materials like peat and imported coir [2][5] - The company is positioned to lead in sustainable soil solutions for the horticulture, agriculture, and consumer landscaping sectors, focusing on performance, sustainability, and impact [2][5] - Resource's logistics and proprietary processing capabilities are expected to unlock a scalable and environmentally responsible business model with attractive margins and robust growth potential [2][5]
Changes in the management of Hepsor AS
Globenewswire· 2025-05-28 05:58
Core Viewpoint - Hepsor AS has appointed Martti Krass as a new member of the Management Board, effective August 1, 2025, succeeding Henri Laks, who will transition to the Supervisory Board [1][2][3] Group 1: Management Changes - Martti Krass has been with Hepsor since 2014, serving in various roles including Latvian Country Manager since 2017 [2] - Henri Laks, the current Chairman of the Management Board, will become a member of the Supervisory Board upon the expiration of his mandate on August 1, 2025 [1][3] Group 2: Future Goals and Strategy - Martti Krass emphasized the company's focus on increasing profitability through enhanced efficiency, teamwork, and client satisfaction [3] - The company aims to continue its activities in Estonia and Latvia, with an emphasis on sustainable development projects and improving living environments [3] Group 3: Company Background - Hepsor AS is a developer of residential and commercial real estate, operating in Estonia, Latvia, and Canada [4] - Over fourteen years, Hepsor has developed 2,076 homes and nearly 36,300 square meters of commercial space [4] - The company has a portfolio of 25 development projects totaling 172,800 square meters [4]
Extime JCDecaux Airport and Airport International Group sign partnership to transform advertising experience at Queen Alia International Airport in Amman, Jordan
Globenewswire· 2025-05-26 15:40
Extime JCDecaux Airport and Airport International Group sign partnership to transform advertising experience at Queen Alia International Airport in Amman, Jordan Paris, May 26th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that Extime JCDecaux Airport has been granted on May 20th by Airport International Group (AIG) the contract to operate advertising activities from August 1st, 2025 onwards at Queen Alia International Airport in Amman, Jordan, ...
BTR Unveils Breakthrough Solid-State Battery Solutions and Closed-Loop Recycling at CIBF2025
Globenewswire· 2025-05-19 15:10
Core Insights - BTR New Material Group showcased its advancements in battery technology at the 17th China International Battery Fair, reinforcing its position as a global leader in lithium battery materials [1] Product Innovations - BTR introduced the "BTR SAFE" series, featuring comprehensive solid-state and semi-solid battery solutions, including high-nickel cathodes, polymer and oxide electrolytes, and silicon-based anodes [2] - The high-nickel cathode for semi-solid batteries showed a 110-minute delay in thermal runaway peak compared to conventional cathodes, providing critical emergency response time [2] - The silicon-based anode material achieved an energy density of up to 2,300mAh/g, marking a significant improvement [2] Sustainability Initiatives - BTR unveiled its "Full-Chain Rebirth" closed-loop recycling solution for cathode and anode materials, achieving zero wastewater discharge with the S cathode material produced without precursors [3] - The "Flexible Newborn" technology allows for the renewal of anode materials, highlighted by the introduction of R graphite [3] Industry Engagement - BTR's booth at the exhibition was designed to showcase its technological ecosystem and ESG focus, attracting significant attention from industry professionals [5] - Key exhibit areas included solid-state battery materials, fast-charging anode solutions, and closed-loop recycling processes [5] Event Overview - The China International Battery Fair (CIBF2025) is a major global battery industry event, featuring over 3,000 exhibitors and attracting more than 400,000 attendees [6] Company Background - BTR New Material Group, established in August 2000 and listed on the Beijing Stock Exchange in October 2021, is a leader in renewable energy material R&D, known for its technological innovation and comprehensive product portfolio [7]
CDT Environmental Technology Files Annual Report on Form 20-F
Globenewswire· 2025-05-15 11:15
Core Viewpoint - CDT Environmental Technology Investment Holdings Limited reported a revenue of $29.8 million and a net income of $1.4 million for the fiscal year ended December 31, 2024, reflecting a decrease due to reduced project activity amid a slowdown in the PRC economy [1][6][8]. Financial Performance - Total revenues decreased by approximately $4.4 million, or 13.0%, to approximately $29.8 million for the year ended December 31, 2024, compared to approximately $34.2 million for the same period in 2023 [6]. - Gross profit decreased by approximately $0.1 million, or 1.2%, to approximately $11.2 million for the year ended December 31, 2024, from approximately $11.4 million for the year ended December 31, 2023 [6]. - The overall gross profit margin improved to 37.4% in 2024 from 33.0% in 2023, attributed to enhanced operational efficiency [6]. - Total operating expenses increased by approximately $6.5 million, or 233.5%, to approximately $9.2 million for the year ended December 31, 2024, primarily due to increased stock-based compensation and provisions for credit losses [6]. - Net income decreased by approximately $5.6 million, or 80.0%, to $1.4 million for the year ended December 31, 2024, from approximately $7.0 million for the same period in 2023 [6]. Project Backlog and Future Opportunities - As of March 31, 2025, the company had two projects in backlog, the Xinjiang Project and Sichuan Anya Project, with a total tentative contracted amount of approximately $15.4 million [4]. - The company is in the process of acquiring three additional projects for its sewage treatment systems, expected to be signed and commenced by the third quarter of 2025 [5]. - CDT is actively pursuing new energy opportunities to diversify revenue streams and support sustainability goals, focusing on waste-to-energy initiatives [7]. Management Commentary - The CEO of CDT highlighted the economic challenges in China and project delays, which contributed to the revenue decline, but noted a significant margin expansion due to cost-saving efforts [8]. - The company is committed to identifying innovative opportunities to create new revenue streams while enhancing its core business [8]. - CDT's management expressed confidence in navigating economic cycles and positioning the company for future growth opportunities [9].
Notice of Yara Annual General Meeting 2025
Globenewswire· 2025-05-06 12:00
Yara International ASA will hold its Annual General Meeting on Wednesday, 28 May 2025 at 10:00 CEST. Notice of the Annual General Meeting together with all relevant documents is available at https://www.yara.com/investor-relations/reports-presentations/ The Annual General Meeting will be held as a digital meeting with electronic voting via Lumi platform. It is also possible to cast votes or give proxy authorizations in advance. No pre-registration is required for shareholders who wish to participate, apart ...
Bladex and the Panama Canal: An Alliance Transforming Plastic Waste into Progress for Communities
Prnewswire· 2025-05-05 10:00
Core Insights - Bladex is committed to transforming environmental challenges into sustainable solutions, as demonstrated by the construction of a bridge using recycled materials, which enhances community mobility and safety [3][5][8] - The bridge, measuring 81 meters, connects four communities and serves over 300 people, symbolizing collaboration for social impact [2][4] - This initiative is part of Bladex's broader ESG strategy aimed at promoting sustainable development in Panama and Latin America [3][4] Company Overview - Bladex, established in 1979, is a multinational bank focused on foreign trade financing and regional economic integration, headquartered in Panama with offices in several Latin American countries and the United States [9][10] - The bank has been listed on the New York Stock Exchange since 1992, with a diverse shareholder base including central banks and financial institutions from 23 Latin American countries [10]
Montrose Environmental Group Awarded $4M AUD Environmental Services Contract for Major Mining Operation in Australia
Prnewswire· 2025-04-23 22:00
Group 1: Company Overview - Montrose Environmental Group is focused on enhancing environmental stewardship while supporting economic development, with a recent contract worth $4 million AUD for environmental services in Australia's Bowen Basin [1][2] - The company employs approximately 3,400 people across over 100 locations globally, combining local knowledge with an integrated approach to deliver innovative solutions [4] Group 2: Industry Context - The global demand for steel is increasing, prompting Montrose to assist the industry in transitioning to more sustainable practices [2] - Montrose's expertise in environmental consulting, including risk assessments and regulatory compliance, positions it as a trusted partner for responsible mining operations [3][4] Group 3: Project Details - The project in Bowen Basin includes advanced environmental baseline and impact assessments, crucial for the mine's development and sustainability [1] - Montrose aims for fast-tracked delivery over the coming year, reinforcing its role in advancing sustainable development in resource-intensive industries [1][3]