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Peel Group regains full control of Liverpool John Lennon Airport

2014-04-25 01:00:00| Airport Technology

UK-based real estate investment firm The Peel Group has acquired the remaining 65% stake in the UK's Liverpool John Lennon Airport (JLA) from Vantage Airport Group.

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New York ISO Opens New Control Center

2014-04-25 00:16:00| Electrical Construction & Maintenance

Federal, state and local government and energy industry leaders gathered last week to celebrate the completion of construction of the New York Independent System Operators new, $38 million primary power control center. read more

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Morrison Bridge to close Sunday for traffic control change

2014-04-24 23:35:30| PortlandOnline

All traffic lanes on the Morrison Bridge will reopen after a bridge closure this Sunday, April 27 from 7 a.m. until as late as 7 p.m. On Sunday crews will inspect the lift span deck and reopen the two traffic lanes that were closed last month. The lanes were closed to help the County investigate problems with the lift span deck panels that were installed in 2011 2012.

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America Movil agrees bid to take control of Telekom Austria

2014-04-24 09:46:00| Telecompaper Headlines

(Telecompaper) America Movil announced plans to launch a takeover bid for the rest of Telekom Austria, as part of a proposed shareholders agreement with the Austrian state. The Mexican company already holds 26.8 percent of the shares and plans to offer EUR 7.15 per share for the remaining shares not held by OIAG, the state holding company that will maintain 25 percent plus one share in Telekom Austria. The operator's stock rose almost 7 percent to the bid price the day after the agreement was struck. In addition to the blocking stake, the state maintained the right to nominate the CEO and chairman of Telekom Austria, as well as guarantees on maintaining the head office in Austria, the group's Austrian brands, the quality of the network and the stock listing on the Vienna exchange. America Movil will gain operational control of the group and agreed to support its share of a EUR 1 billion rights issue to increase the operator's capacity for investment and possible acquisitions in eastern Europe. The rights issue will take place after the public bid; both still require regulatory and shareholder approval. The shareholders pact between America Movil and the state will run for ten years, with an option for a five-year extension. 

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Slim's Austria Pact Triggers $2 Billion Bid for Control

2014-04-24 07:57:02| Steel - Topix.net

America Movil SAB is bidding as much as $1.96 billion to buy out Telekom Austria AG 's minority investors, seeking to cement control of the European phone carrier after striking a shareholder pact with the government.

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