Verbund

Type: Company
Name: Verbund
First reported Jul 10 2014 - Updated Jul 10 2014 - 2 reports

UPDATE 1-Austrian utility Verbund warns on 2014 profits

* 2014 EBITDA seen around 690 mln eur instead of 850 mln* Net profit seen around 70 mln eur vs 150 mln* Shares drop 3.7 percent (Adds details on reasons, background, shares)VIENNA, July 10 (Reuters) - Austrian hydropower utility Verbund slashed its 2014 ... [Published Reuters India - Jul 10 2014]
First reported Jul 08 2014 - Updated Jul 08 2014 - 1 reports

BILFINGER SE : technology for Austrian hydroelectric power plants

In its Piping Systems division, engineering and services group Bilfinger has won two new orders in Austrian hydroelectric power plants with a total volume of about €45 million. For Voralberger Illwerke AG, the Group is manufacturing and installing all ... [Published 4 Traders - Jul 08 2014]
First reported Jul 03 2014 - Updated Jul 03 2014 - 1 reports

Ineos takes full control of Styrolution

Chemicals conglomerate Ineos is exercising its option to take full control of Styrolution , its 50:50 styrenics joint venture with BASF. Ineos will pay €1.1 billion (£878 million) for BASF’s share in the business.When the two companies set up Styrolution ... [Published RSC - Jul 03 2014]
First reported Jun 30 2014 - Updated Jun 30 2014 - 1 reports

CIR close to deal with banks on troubled Sorgenia unit

(Recasts lead, adds comments, background, shares) MILAN, June 30 (Reuters) - Italy's CIR is close to reaching an agreement with banks over debt restructuring at its energy group Sorgenia that will see the holding company give up control of the troubled ... [Published Sharenet - Jun 30 2014]
First reported Jun 27 2014 - Updated Jun 27 2014 - 1 reports

VERBUND : 5000 tons of floating refuse retrieved from Danube

VERBUND power plants clean the Danube: 5000 tons of floating refuse, from tree trunks to fridges were retrieved in Lower Austria alone. As the newly published VERBUND sustainability report indicates, a total of more than 38,000 tons of deadwood to hazardous ... [Published 4 Traders - Jun 27 2014]
First reported Jun 26 2014 - Updated Jun 26 2014 - 1 reports

In brief - June 2014

OOCL Korea on maiden voyage to Antwerp, ATPC and BASF celebrate, Scheldt Congress looks towards the future, Vleemo builds five new wind turbines OOCL Korea on maiden voyage to AntwerpThe brand-new OOCL Korea called at the North Sea Terminal in Antwerp ... [Published Noodls - Jun 26 2014]
First reported Jun 20 2014 - Updated Jun 20 2014 - 1 reports

Verbund dividend to fall short of government target - paper

VIENNA, June 20 (Reuters) - The dividend that utility Verbund pays out next year is likely to fall well short of what the Austrian government - its biggest shareholder - has budgeted for, Chief Executive Wolfgang Anzengruber told a newspaper. "We expect ... [Published Sharenet - Jun 20 2014]
First reported Jun 19 2014 - Updated Jun 19 2014 - 1 reports

BASF to Build Lubricant Plant in Germany

Chemical company BASF recently announced the construction of a new plant for polyalkylene glycol (PAG)-based lubricants at its Ludwigshafen site in Germany. The manufacturing facility is expected to start operations by the beginning of 2016 and will produce ... [Published Machinery Lubrication Magazine - Jun 19 2014]
First reported Jun 18 2014 - Updated Jun 18 2014 - 1 reports

BASF SE : increases prices for Ethyleneamines in Europe

With immediate effect, or as existing contracts permit, BASF is increasing its European sales prices for Ethyleneamines (EEA) as follows:Ethylenediamine (EDA) + 50 EUR/ mt Diethylenetriamine (DETA) + 50 EUR/ mtor by the equivalent amounts in local ... [Published 4 Traders - Jun 18 2014]
First reported Jun 16 2014 - Updated Jun 16 2014 - 1 reports

BASF to build new PAG plant in Ludwigshafen

BASF announced the construction of a new plant for polyalkylene glycol (PAG)-based lubricants at its Ludwigshafen site. The manufacturing facility will start operations by the beginning of 2016 and produce PAG lubricant base stocks and formulated blends. ... [Published Stainless Steel - Jun 16 2014]
First reported May 07 2014 - Updated May 08 2014 - 1 reports

BASF-Sinopec plan NPG output at Nanjing

The 40,000 t/y facility is scheduled to begin production at the end of 201507/05/2014 JV continues Verbund site's downstream expansionAdam DuckettBASF and Sinopec will build a neopentylglycol (NPG) plant at their shared Nanjing chemicals complex in China ... [Published TCE Today - May 07 2014]
First reported Apr 03 2014 - Updated Apr 03 2014 - 1 reports

‘Austrian government may privatise Verbund’

Austrian utility Verbund could be close to a sale after the country’s News magazine said the government intends to offload a 51.0 per cent shareholding.... ... [Published BvDEP Zephyr Editorial News - Apr 03 2014]
Entities: Verbund, privatise

Quotes

"The persistently difficult market environment and continued pressure on the European wholesale prices are having a more negative impact on earnings than planned" Verbund said
...capital increase to service the conversion of debt into equity while also underwriting a convertible bond of 200 million euros, the sources said. "Initially we proposed alternative solutions but I want to point out... the current solution being discussed guarantees the company (Sorgenia) remains a going concern" De Benedetti said. Both CIR and Verbund have written off the entire value of their investments in Sorgenia...
...Anzengruber said he had not been approached about changing its dividend policy and ruled out a special dividend. "I will certainly not take out a loan just to pay dividends" he said. Verbund paid a dividend of 1 euro per share on 2013 results - a basic dividend of 0.55 euros per share plus a special dividend of 0...
...supplier for synthetic lubricant solutions," said Martin Widmann, senior vice president of BASF's fuel and lubricant solutions business unit. "The investment represents another significant step for us as well as our customers."

More Content

All (25) | News (21) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
UPDATE 1-Austrian utility Verbund warns on 2014... [Published Reuters India - Jul 10 2014]
VERBUND : Adjustment of earnings forecast for 2... [Published 4 Traders - Jul 10 2014]
BILFINGER SE : technology for Austrian hydroele... [Published 4 Traders - Jul 08 2014]
Ineos takes full control of Styrolution [Published RSC - Jul 03 2014]
CIR close to deal with banks on troubled Sorgen... [Published Sharenet - Jun 30 2014]
VERBUND : 5000 tons of floating refuse retrieve... [Published 4 Traders - Jun 27 2014]
In brief - June 2014 [Published Noodls - Jun 26 2014]
New World Resources Plc (NWR) : Company Capsule [Published MarketResearch.com - Jun 26 2014]
BASF increases prices for Ethyleneamines in Europe [Published ChemEurope.com - Jun 23 2014]
Verbund dividend to fall short of government ta... [Published Sharenet - Jun 20 2014]
BASF to Build Lubricant Plant in Germany [Published Machinery Lubrication Magazine - Jun 19 2014]
BASF Has Lagged On A Relative Basis, But Excels... [Published Seeking Alpha - Jun 19 2014]
BASF SE : increases prices for Ethyleneamines i... [Published 4 Traders - Jun 18 2014]
BASF to build new PAG plant in Ludwigshafen [Published Stainless Steel - Jun 16 2014]
Successful INDEX 14 Reflects a Strong Nonwovens... [Published Nonwoven Industry - Jun 10 2014]
CIR : write-downs impact net result for 2013 [Published 4 Traders - Jun 06 2014]
BASF to Build New PAG Basestock Plant in Germany [Published OEM Lube News - Jun 02 2014]
BASF-Sinopec plan NPG output at Nanjing [Published TCE Today - May 07 2014]
EUROPEAN EQUITY OPENING HEADLINES INCLUDING: Am... [Published Proactiveinvestors United Kingdom RSS feed - Apr 29 2014]
EUROPEAN EQUITY OPENING HEADLINES INCLUDING: Pe... [Published Proactiveinvestors United Kingdom RSS feed - Apr 16 2014]
Ardian expands team with new addition [Published PE Hub Blog - Apr 09 2014]
‘Austrian government may privatise Verbund’ [Published BvDEP Zephyr Editorial News - Apr 03 2014]
Wiener Werte 8.11. BWT Head Immofinanz MayrMeln... [Published BioPortfolio - Nov 08 2013]
Fact Sheet for BASF SE [Published Silobreaker - Mar 23 2009]
Fact Sheet for Haci Omer Sabanci Holding A.S. [Published Able2Act - Mar 04 2008]
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Ardian expands team with new addition [Published PE Hub Blog - Apr 09 2014]
Private equity firm Ardian said Wednesday that it has hired Tobias Gewolker as a director in its infrastructure team. Gewolker will be based in the firm’s Paris office. Previously, Gewolker worked at DC Advisory and before that, Barclays Capital ...
‘Austrian government may privatise Verbund’ [Published BvDEP Zephyr Editorial News - Apr 03 2014]
Austrian utility Verbund could be close to a sale after the country’s News magazine said the government intends to offload a 51.0 per cent shareholding.... ...
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