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Polyol integrated chemical complex, Hungary

By: Sheila Barradas     26th October 2018 The polyol integrated chemical complex will make MOL Group the only integrated producer of polyether polyols in Central and Eastern Europe.  

Prinsloo to head Redefine's new Europe division

By: Creamer Media Reporter      3rd October 2018 JSE-listed real estate investment trust Redefine Properties has appointed Hyprop Investments CEO Pieter Prinsloo to head up Redefine Europe, effective February 1, 2019.   “The new role was necessitated as Redefine advances its geographic diversification strategy through direct investment in... 

Imagine a better world with robots and win with Epson

25th September 2018 Epson invites higher education institutes, universities and research facilities from across EMEA to enter the competition, giving them a chance to win up to three state-of-the-art Epson robots Epson has opened the floor to local higher education institutes, universities and research facilities,... 

Attacq delivers maiden distribution of 74c

By: Tasneem Bulbulia     11th September 2018 Real estate investment Trust (Reit) Attacq delivered a maiden distribution of 74c apiece for the financial year ended June 30, exceeding market guidance. This comes on the back of the company’s conversion to a Reit in May. 

Melting ice due to climate change disrupting shipping routes

By: Irma Venter     10th September 2018 Climate change is freeing up new trade routes in some areas, while increasing the risk of ice in others. There was another milestone for Arctic shipping in early 2018 when a specially designed liquid natural gas tanker became the first commercial ship to travel the Northern Sea Route in winter... 

Growthpoint’s distributable income exceeds R6bn for the first time

By: Marleny Arnoldi     29th August 2018 Real estate investment trust Growthpoint Properties announced a 6.5% distribution growth for the year ended June 30, with a final dividend of R1.07 apiece declared, despite weak economic conditions and a competitive market in South Africa. Growthpoint South Africa CEO Estienne de Klerk pointed... 

Uber rival Taxify bets on motorcycles and rickshaws in East Africa

By: Reuters     10th August 2018 Taxify, an Estonian ride-hailing company aiming to take on Uber in emerging markets, will invest millions of euros in East Africa in the next five years with a strategy focused on motorised rickshaws and motorcycles, it said on Thursday. The company, which already operates in five cities in... 

Mondi declares €0.21 dividend on strong H1 performance

By: Marleny Arnoldi     3rd August 2018 LSE- and JSE-listed packaging and paper group Mondi has delivered a strong performance in the first half of this year, and declared an interim dividend of €0.21 a share. Mondi’s underlying earnings before interest, taxes, depreciation and amortisation are €852-million, which was up 17%... 

Mondi says completes acquisition of Egypt's NPP in Egypt

By: African News Agency      21st June 2018 Paper and packing company Mondi said late on Wednesday it had completed the acquisition of Egypt's National Company for Paper Products (NPP) for the equivalent of €24-million on a debt and cash free basis. NPP, which operates an industrial bags plant in Giza near Cairo, will be integrated into... 

Contrasting performances for Sub-Saharan African, European miners – BMI

By: Simone Liedtke     17th May 2018 Europe and sub-Saharan Africa are on opposite ends of BMI Research’s Mining Risk and Reward Index (RRI), as can be seen with Europe’s significantly stronger performance in country and industry risk indicators, while sub-Saharan Africa continues to lag in country reward scores. The country reward... 

Growthpoint Properties issues maiden $425m eurobond, lists on JSE green bond segment

By: Marleny Arnoldi     25th April 2018 JSE-listed real estate investment trust Growthpoint Properties has successfully priced its inaugural US dollar-dominated eurobond, the proceeds of which will be used to fund its expansion in Central and Eastern Europe (CEE).  

Prairie ideally positioned to supply Europe steel producers

By: Megan van Wyngaardt     13th December 2017 The outlook for increased coking coal demand from Europe’s steel producers, coupled with reducing European supply is creating a “perfect storm” for ASX-listed Prairie to become the go-to supplier of the critical raw material, its CEO Ben Stoikovich said on Wednesday. In a statement to... 

Wilken to join MAS Real Estate as CEO

By: Anine Kilian     18th October 2017 Morné Wilken has been appointed CEO of JSE-listed MAS Real Estate, effective January 1, 2018. Lukas Nakos will continue as CEO until Wilken takes up his position. 

Attacq FY17 HEPS increase 92% y/y

By: Anine Kilian     12th September 2017 JSE-listed Attacq’s diluted headline earnings per share increased by 92% to 22.8c for the year ended June 30, while vacancies across its retail and office portfolios rose. Basic earnings per share increased to 23c from 12c, while profit for the year fell by 56.7% to R600-million. 

Denel makes push into Eastern Europe

By: Keith Campbell     29th August 2017 South African defence industrial group Denel has announced that it will have a strong presence at next month’s International Defence Industry Exhibition, in the city of Kielce in Poland. The exhibition is known as MSPO for short, from the initials of its name in Polish. “Eastern and Central... 

Prominent Presence In Poland For Denel

29th August 2017 Denel will have a strong marketing presence at Central and Eastern Europe’s most prominent defence and technology exhibition taking place in Poland next month.   The International Defence Industry Exhibition – MSPO – takes place from 4 to 8 September and brings together heads of armed forces,... 

Otis relaunches training academy to build skills, expertise in industry

By: Mia Breytenbach     21st July 2017 Elevator and escalator manufacturer Otis South Africa earlier this month relaunched its training academy in line with its skills development programme, which is designed to create technical and functional expertise in African markets. “Building skills and expertise through the Otis training... 

China's new Silk Road encroaches on US turf in Eastern Europe

By: Bloomberg     12th July 2017 In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China. Mrkic, a one-time Foreign Minister,... 

Serbia-focused Tethyan plans TSX-V listing

By: Mariaan Webb     2nd June 2017 European gold and base metals explorer Tethyan Resources plans to list its shares on the TSX-V to allow the company access to North American capital markets and to increase share trading liquidity. Nonexecutive chairperson Christopher Gross said on Friday that the risk appetite of investors for... 

Debiensko could be low-cost producer – Prairie

By: Esmarie Iannucci     16th March 2017 A scoping study into the Debiensko coking coal project, in Poland, has demonstrated its potential to become a globally significant producer, adding some 2.6-million tonnes a year of hard coking coal product to the global market. ASX-listed Prairie Mining said on Thursday that, with a mine life of... 

Mondi to invest €470m to cut costs, expand production at Czech mill

By: Megan van Wyngaardt     26th January 2017 Dual-listed Mondi will invest €470-million on the modernisation and expansion of the Steti mill, in the Czech Republic. The project will entail the installation of a new recovery boiler, rebuilding the fibre lines, debottlenecking the paper machines and an investment in a new 90 000 t/y machine... 

Prairie says Poland mine’s maiden resource declaration imminent

By: Megan van Wyngaardt     23rd January 2017 Dual-listed Prairie Mining expects to declare a maiden Joint Ore Reserves Committee-compliant resource estimate at its Debiensko hard coking coal project, in Poland, in the coming weeks, after it received the results of preliminary coal quality analysis from a borehole drilled at the project. The... 

Sweet memories sustainably repackaged

1st November 2016 Childhood memories are often linked to the taste of home-made preserves; rhubarb compote, raspberry marmalade and shortcrust pastry with garden fruits. Although we prefer to think the ingredient that made it so special was love, the truth is – it was sugar. And not just any kind of sugar – it was... 

Accelerate dips toes into European property market with €82m deal

By: Megan van Wyngaardt     24th October 2016 Accelerate Property Fund will acquire a portfolio of nine well-located retail warehouse properties tenanted by Germany-based do-it-yourself retailer OBI for €82.1-million. The deal for the properties – six in Austria and three in Slovakia – would be carried out in a blended acquisition yield of... 

Mondi buys Russian packaging company for €41m

By: Creamer Media Reporter      10th October 2016 JSE- and LSE-listed Mondi will acquire Russia-based corrugated packaging producer Beepack for €41-million from a private investor. The transaction, which remains subject to customary closing conditions and is expected to be finalised in the fourth quarter of this year, will be bought on a... 

ISL Photonics and Lantek collaborate to deliver high efficiency laser cutting solutions in Europe

5th October 2016 Lantek, leader in sheet metal CAD/CAM solutions has reached an agreement with Bulgarian fibre laser cutting machine manufacturer ISL Photonics to supply its Lantek Expert system with the company’s Gladius, Maximus and Optimus machines. ISL Photonics has been supplying its machines to sheet metal... 

Global leader receives tender for new escalators

23rd September 2016 Elevator and escalator industry global leader Kone has won an order from Stockholm County Council to modernise and maintain 13 escalators at six metro stations in Sweden's capital. 

Russia to outshine other European mining countries even more by 2020

By: Megan van Wyngaardt     22nd September 2016 While regulatory policies and elevated production costs will continue to pose the greatest challenges for miners operating in Europe to 2020, BMI Research has highlighted Russia as the region's “growth bright spot” in terms of mining industry value (MIV) growth rates. The research and advisory... 

Wacker Neuson Group confident for 2016 – despite a difficult start to the year

16th September 2016 During the first quarter of 2016, international light and compact equipment manufacturer Wacker Neuson continued to feel the impact of difficult conditions across many of its markets, in particular in the Americas region. Although the Group managed to maintain revenue at almost the same level as... 

Attacq achieves good FY growth despite tough business climate

By: Anine Kilian     13th September 2016 Property development company Attacq lifted its headline earnings a share for the year ended June 30 to 12c, from 2c the year before, while basic earnings per share (EPS) rose to 197.9c and diluted EPS rose to 196.7c. Attacq achieved 15.3% year-on-year growth in adjusted net asset value per share... 

Echo Polska lists on JSE, taps investors into central Europe market

By: Megan van Wyngaardt     13th September 2016 Warsaw-based real estate investment fund Echo Polska Properties (EPP) on Tuesday started trading on the main board of the JSE under the name PolskProp. EPP’s portfolio comprises six office and ten retail projects across the European country, with a gross lettable area (GLA) exceeding 424 216 m2.... 

GTC first Polish company to list on JSE

By: Anine Kilian     17th August 2016 Real estate group Global Trade Center (GTC) will list on the main board of the JSE on Thursday under the share code GTC. GTC, which develops and owns office and retail properties in Poland and capital cities throughout the central and eastern Europe (CEE) region, as well as the south-east Europe... 

GTC to list on JSE

By: Anine Kilian     12th August 2016 The JSE has approved an inward listing of real estate group Globe Trade Center (GTC) on the bourse’s main board on August 18. The JSE has granted the GTC a secondary inward listing in respect of up to 460.22-million shares on the real estate holdings and development sector under the abbreviated... 

Newcomers Add To Global Interest In Africa’s Premier Defence Show

22nd July 2016 A display of the Russian-made Sukhoi Superjet and the participation of the Australian defence industry will be among the new attractions at this year’s AAD 2016 hosted at the Waterkloof Air Force Base in September. Kevin Wakeford, the CEO of Armscor, says the Africa Aerospace & Defence exhibition... 

Acquisition provides extended platform for future innovations

1st July 2016 Communications and information technology company Nokia early last month announced its plans to acquire US-based Distributed Access Architecture (DAA) solutions provider Gainspeed via Nokia’s virtual Converged Cable Access Platform (CCAP) product line, reports Nokia fixed networks business group... 

European Commissions approves AB InBev’s SABMiller buyout

By: Anine Kilian     25th May 2016 The European Commission (EC) has approved the proposed acquisition of JSE-listed SABMiller by Anheuser-Busch InBev (AB inBev). “EC approval in Phase I of the European Union merger review process is a significant milestone for the deal in keeping with AB InBev’s ambition to secure the necessary... 

Redefine declares “robust” interim performance, to focus on geographic diversification

By: Mia Breytenbach     5th May 2016 Despite the headwinds facing the South African economy and ongoing political uncertainty, real estate investment trust Redefine Properties delivered a “robust performance” in the first half of the financial year, with a distribution of 41.7c for the six months to February 29. This was 6.9% higher... 

AB InBev updates offer to divest SABMiller’s central, eastern European operations

By: Tracy Hancock     29th April 2016 Multinational brewing and beverage company AB InBev has submitted an updated package of commitments to the European Commission (EC) in which it has offered to divest the entirety of JSE-listed SABMiller’s businesses in central and eastern Europe. This was in addition to the agreed sale of Peroni,... 

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