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03 August 2017

Jacobs offers $3.27bn for rival CH2M Hill

Texas-based Jacobs Engineering Group has offered 60% cash and 40% common stock for privately owned CH2M.  Jacobs will use existing revolving credit...

03 August 2017

Fraport wins concession rights for two Brazilian airports

The Brazilian government has awarded Fraport, with a bid of $595 million, the operating and development concessions for Porto Alegre and Fortaleza airports that will run...

03 August 2017

Grupo Costanera wins Americo Vespucio Oriente II concession

Grupo Costanera’s subsidy-free bid won it the concession for the Americo Vespucio Oriente II (AVO II) project in Chile beating four other consortiums to the...

03 August 2017

AfDB to finance Ghana-Ivory Coast cocoa plan

The African Development Bank (AfDB) is set to provide $1.2 billion to finance plans by Ivory Coast and Ghana to process more of their cocoa under a joint initiative to...

03 August 2017

EBRD invests in inflation- linked bond for Enerjisa Enerji in Turkey

The EBRD has invested €24 million in an inflation-linked bond issued by Turkey's largest utility to support the operations of three electricity distribution...

02 August 2017
in
Power

Making savings: Mali’s first IPP

Mali’s debut independent power project financing, for a greenfield heavy fuel oil-fired power plant, features a blend of Islamic and DFI debt with tight pricing given the...

02 August 2017

UKEF agrees new export partnership with Turkey

UK Export Finance (UKEF) and its Turkish counterpart, Export Credit Bank of Turkey, have signed an agreement to boost trade and also co-finance projects in other...

02 August 2017

Shah Deniz 2 financing takes shape

The vast second stage development of the Shah Deniz gas field in Azerbaijan is in the process of procuring $526 million in bank debt in a syndication led by Deutsche...

02 August 2017

NEA asked to retender 25MW solar project

Nepal's Public Accounts Committee has directed the Nepal Electricity Authority (NEA) to retender the solar project following irregularities in the selection methods....

02 August 2017

DTE Energy plans 1.1GW gas-fired power plant in Michigan

The Michigan-based utility has submitted an application to the Public Service Commission for a $1 billion project in the East China Township, intended to offset the...

02 August 2017

Blockchain could save financial services $20bn, say execs

Blockchain technology could save financial services $20 billion as areas such as cross-border payments, compliance and securities are streamlined, according to industry...

02 August 2017

Vanguard Natural Resources completes financial restructuring

Texas-based Vanguard Natural Resources has successfully completed its financial restructuring and emerged from Chapter 11 as a new corporation under the name of Vanguard...

02 August 2017

UKEF helps Meltog secure order from Saudi Arabia

UK Export Finance has helped Meltog, a Leeds-based industrial machinery company, to secure a £400,000 order with a new customer - a food processing and packaging...

02 August 2017

LDC Asia set for signing

Louis Dreyfus is set to close the refinancing of its 2015 $400 million revolving credit facility (RCF) in the coming days. The privately-owned Amsterdam headquartered...

01 August 2017

Opportunity of the day: CNPC subsidiary conducts feasibility study for Malaysia pipelines; funding to be secured

China Petroleum Pipeline Engineering Co Ltd is conducting a feasibility study for two pipeline projects in Malaysia. The total investment required for the two projects is...

01 August 2017
in
Oil & gas, Transport

Bridging the gap: Exporters look elsewhere as US Ex-Im is unable to provide

US Ex-Im has been without authority to approve transactions above $10 million for over 18 months, provoking huge changes for some of Ex-Im’s largest clients. However,...

01 August 2017

B2B marketplace vendors' financing volumes underwhelm

While B2B marketplaces and payment processors such as Amazon, PayPal and Square are creating loan books by mining data from their networks to target companies they deem...

01 August 2017

New California environmental laws target greenhouse gas emissions and air pollution

Two significant environmental bills have become law in California. An extension to California's cap-and-trade programme to reduce greenhouse gas emissions was signed...

01 August 2017

UK SMEs lose £250 billion of liquidity due to late payments

Late payments are causing UK SMEs to miss out on over £250 billion of liquid cash flow, according to a report by Siemens Financial Services. Firms with annual...

01 August 2017

MMEX buys site for Pecos County refinery project

MMEX Resources Corp has purchased the necessary land for the two-phase development of a crude distillation unit to be located on the Texas Pacifico-South Orient Railroad,...