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Reschem Italia is Named Distributor of Novomer's Converge® Polyols in Italy

2014-07-28 06:00:00| Industrial Newsroom - All News for Today

WALTHAM, Mass. – Novomer Inc., a sustainable materials company pioneering a family of high-performance polymers and other chemicals from renewable feedstocks such as carbon dioxide (CO2), has appointed Reschem Italia S.p.A., a leading distributor of specialty chemicals, as its authorized distributor of Converge® polypropylene carbonate (PPC) polyols in Italy.<br /> <br /> Reschem Italia will distribute commercial quantities of Novomer's new 1000 and 2000 molecular weight Converge®PPC ...This story is related to the following:Polyols

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BSkyB acquires Sky Deutschland, Sky Italia for GBP 4.9 bln

2014-07-25 08:43:00| Telecompaper Headlines

(Telecompaper) British Sky Broadcasting (BSkyB) has agreed to buy Sky Deutschland and Sky Italia from 21st Century Fox for a total of GBP 4.9 billion cash. The deal creates a new business, already dubbed 'Sky Europe' by the media, that will be the leading pay TV provider in three of Europe's four biggest markets, serving a total of 20 million customers. The news comes two months after the BSkyB said it was in talks with Fox, which is its biggest shareholder as well as the owner of Sky Italia and 57.5 percent of Sky Deutschland. BSkyB will pay for the deal with cash, debt and by a placing of shares that represents around 10 percent of the firm's issued share capital. In total, BSkyB confirmed it would pay GBP 2.45 billion for Sky Italia and GBP 2.9 billion for Fox's majority stake in Sky Deutschland. The payment for Sky Italia will also include BSkyB's stake in the National Geographic Channel, valued at GBP 382 million. In addition to the enhanced growth profile of the business, BSkyB expects to realise GBP 200 million of run-rate cash synergies by the end of the second full financial year after completion, with further additional synergies to come in subsequent periods.

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Telefonica to sell bonds to cut Telecom Italia stake

2014-07-17 08:54:00| Telecompaper Headlines

(Telecompaper) Telefonica has announced its intention to sell EUR 750 million of bonds that can be exchanged for Telecom Italia shares, the first time it has showed a willingness to cut its stake in the incumbent Italian operator. In a statement to Spain's market regulator CNMV, Telefonica said the bonds will carry a fixed annual interest rate of between 5.25 percent and 6 percent and would mature in three years. However, they could be converted at any time before that or paid in cash if certain conditions are met. The mandatory exchangeable bond is a way for Telefonica to reduce its near 15 percent stake in Telecom Italia by about 5 percent, according to unnamed sources close to the transaction cited by Reuters. "This is a way for Telefonica to sell part of its stake in Telecom Italia while ensuring against downside risk if the shares lose value in the next three years," said one of the sources, with another adding that the exchangeable bond "is invariably going to lead people to ask what Telefonica plans to do with the rest of its stake in Telecom Italia."

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