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Applications of Solmax’s Geosynthetic Drainage Design Tool: Drainage Geonets & Geocomposites in Solid Waste Containment Facilities

FLSmidth to acquire Thyssenkrupp’s Mining Business – creating a global Industry Leader in Mining Technology

FLSmidth and Thyssenkrupp Industrial Solutions AG (a fully owned subsidiary of Thyssenkrupp AG) have reached an agreement that FLSmidth will acquire Thyssenkrupp’s Mining business1 (TK Mining) for a total consideration (enterprise value) of EUR 325 million, corresponding to approximately DKK 2.4 billion. Closing of the transaction is expected in H2 2022 and is subject to customary approvals from relevant authorities.

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Solmax once again accelerates its Growth and acquires TenCate Geosynthetics

Solmax, the global leader in the production of high-quality polyethylene geomembranes for industrial and environmental applications announces it has reached an agreement with Koninklijke Ten Cate (the Netherlands) on the acquisition of TenCate Geosynthetics, a global provider of geosynthetics and industrial fabrics. Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ, Solmax's long-term financial partners, are both investing in this transaction.

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Canadian Pacific and Kansas City Southern agree to combine to create the first U.S.-Mexico-Canada Rail Network

Canadian Pacific Railway Limited (“CP”) and Kansas City Southern (“KCS”) announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$29 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $275 per share, representing a 23% premium, based on the CP and KCS closing prices on March 19, 2021 (and $270 per share, representing a 26% premium3, based on the respective CP and KCS 30-day volume weighted average prices (“VWAP”)).

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Liberty Steel Group makes an offer to acquire Thyssenkrupp Steel Europe

Liberty Steel Group, part of sustainable industry leader GFG Alliance, has today announced that it has made a non-binding indicative offer (NBIO) as part of a Thyssenkrupp-led process to acquire the steel activities of Thyssenkrupp. Liberty Steel is a global steel and mining business with annual revenues of about US$ 15 bn/ € 13 bn and 30,000 employees in more than 200 locations on four continents.

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K+S sells its Americas salt business to Stone Canyon Industries Holding, Mark Demetree and Affiliates

K+S Aktiengesellschaft signed a contract to sell its Americas salt business bundled together as the Americas Operating Unit to Stone Canyon Industries Holdings LLC (“SCIH”), Mark Demetree and affiliates:

  • Contract of sale of the Americas salt business for USD 3.2 billion signed
  • Milestone in reducing debt significantly
  • Clear focus on costs and cash flow as part of the realignment
  • Solid financial basis for sustainable development of K+S
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Bontexgeo – New Ownership and new Name

On 3 September 2019 Low & Bonar PLC has announced that it has completed the sale of their civil engineering business, which includes the production facilities in Belgium and Hungary, to Nimbus, a Netherlands based private equity fund. This sale is in line with the  strategy announced on July 11, 2018 to dispose of the civil engineering division in order to simplify their portfolio and improve their debt position.

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Bauer Maschinen Group sells Diesel Hammer Product Line

At the beginning of October 2018, the Bauer Maschinen Group decided to sell the diesel hammer product line and the associated brand name Pileco to Wang LLC, a subsidiary of Wuxi Xinren Universal Machinery CO, a long-standing supplier and partner to Bauer. "This profitable sale was a logical step," says Christian Gress, member of the Management Board in the Bauer Maschinen GmbH, explaining that the sale was due both to market developments in the diesel hammer sector in the USA as well as to the fact that the product ultimately no longer suits Bauer's overall Portfolio.

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Stake in Rosneft held by Glencore-QIA Consortium

The consortium (the Consortium) controlled by Glencore and Qatar Investment Authority has concluded an agreement with CEFC China Energy Company Limited (CEFC) regarding a transaction in terms of which the Consortium would dispose of a 14.16% stake in Rosneft Oil Company (Rosneft) to CEFC (the Shares) at a premium of approximately 16% to the 30 day volume weighted average price of Rosneft shares on 8 September 2017.  

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