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E.ON Global Commodities agrees to buy LNG from Meridian

2015-04-24 01:00:00| Hydrocarbons Technology

E.ON Global Commodities (EGC), the energy trading arm of E.ON, has agreed to buy up to two million tonnes of regasified liquefied natural gas (LNG) a year from Meridian LNG.

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Strattam Capital agrees to buy majority stake in Trax Technologies

2015-02-27 17:55:36| Logistics - Topix.net

Strattam Capital has agreed to acquire a majority stake in Trax Technologies, Inc , which provides a global logistics software as a service platform. Strattam will make the investment alongside Trax's management team, led by founder and chief executive J. Scott Nelson .

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Hitachi agrees to buy Finmeccanica's rail and signalling assets

2015-02-24 01:00:00| Railway Technology

Hitachi has agreed to acquire Italy-based Finmeccanica's rail transport engineering company, AnsaldoBreda, and its 40% stake in signalling supplier Ansaldo STS.

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BT agrees to buy EE for GBP 12.5 billion

2015-02-05 08:52:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom and Orange have reached an agreement to sell their UK joint venture EE to BT for GBP 12.5 billion. BT expects annual cost and capex synergies of GBP 360 mllion within four years of closing the takeover, as the two operators combine their sales, marketing and administration and networs. As it takes advantage of cross- and up-selling opportunities, the revenue synergies are expected to reach a total GBP 1.6 billion. Adjusted for the value of the synergies, the takeover price values EE at 6.0 times its EBITDA in 2014. Deutsche Telekom will become the largest shareholder in BT with a 12 percent stake and may also receive a cash payment, depending on BT's share price at closing of the deal. Orange will receive a 4 percent stake in BT. The shares in BT will be subject to an 18-month lock-up period. In addition, the German operator will hold a seat on BT's board. The transaction requires approval of BT's shareholders and regulatory authorities. Closing is expected before the end of March 2016.

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