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Kumho chief seeks to retake holding firm

2015-01-18 14:46:13| Industrial Machines - Topix.net

A tough bidding war for Kumho Industrial, the de facto holding company of Kumho Asiana Group, is set to begin this month. The state-run Korea Development Bank and other creditors of Kumho Industrial sent an information memorandum to major conglomerates and financial investors on Jan. 15 on the selloff of their 57.5 percent stake in the company, after a debt workout program was completed last month.

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Energy firm given fracking permits

2015-01-16 16:31:31| BBC News | Business | UK Edition

The Environment Agency grants energy firm Cuadrilla permits to frack at one of its sites in Lancashire.

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Spanish oil firm says Canary Island exploration unsuccessful

2015-01-16 13:08:09| Oil & Gas - Topix.net

Spanish energy company Repsol says it has ended oil and gas exploration off the Canary Islands after analysis showed there were insufficient finds to merit extraction. The search, begun in November, had generated much opposition as island residents and ecologists feared spills could damage the Spanish archipelago, one of Europe's biggest tourism magnets and home to an important fishing industry.

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Latest contract has Portland helicopter firm flying workers to an oil rig off the coast of Rio

2015-01-16 00:38:07| Air Courier - Topix.net

A subsidiary of Portland-based Erickson Inc. will fly oil and gas workers to an offshore rig at the Polvo Oil Field near Rio de Janeiro under a new contract with HRT Participacoes em Petroleo SA. The two-year deal is the first offshore oil and gas contract for Erickson subsidiary Ari Amazonia, one of three subdivisions.

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Firm in court bid over Spurs stadium

2015-01-15 14:57:13| BBC News | Business | UK Edition

A business standing in the way of Tottenham Hotspur's 400m stadium redevelopment plans launches a High Court battle to stay put.

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