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Kardan voor schoon water

500 Posts
Pagina: «« 1 ... 14 15 16 17 18 ... 25 »» | Laatste | Omlaag ↓
  1. [verwijderd] 24 mei 2017 10:42
    quote:

    DeZwarteRidder schreef op 24 mei 2017 10:20:

    Ik verwacht redelijk snel nieuws over de verkoop van Tahal; alles boven de 45 miljoen is boekwinst.
    Bovendien heeft Kardan nog naar schatting voor ca 100 miljoen aan kleinere belangen en deelnemingen die verkocht kunnen worden.
    Waarom verwacht jij snel nieuws over verkoop Tahal? Heb jij voorkennis of is het meer een kwestie van hopen?
  2. forum rang 10 DeZwarteRidder 7 juni 2017 13:48
    Kardan : Sale Pumped Storage
    06/07/2017 | 07:40am

    KARDAN'S SUBSIDIARY TAHAL SIGNED AN AGREEMENT TO SELL ITS STAKE IN PUMPED STORAGE PROJECT IN ISRAEL Amsterdam, June 7, 2017 - Further to the press release dated January 9, 2017, Kardan N.V. ('Kardan' or 'the Company'), active in Real Estate and Water Infrastructure in emerging markets announces that its subsidiary Water Planning for Israel Ltd. ('WPI') has signed an agreement to sell its 40.5% stake in Star Pumped Storage Ltd. in a two-parts transaction.

    Star Pumped Storage Ltd. holds a conditional licence to build and operate a 344 MW power plant in Kochav Hayarden, Israel, ('the Project') based on the pumped storage technology.

    On June 7, 2017, WPI has signed an agreement for the sale of its entire holdings in Star Pumped Storage to the Noy Fund ('the Buyer') for a total consideration of NIS 81 million (approximately

    € 20.3 million) (the "Agreement"), in two parts, as follows:

    The first part relates to the sale of 19.84% of the shares of Star Pumped Storage for a consideration of approximately NIS 39 million (approximately € 9.8 million) ('Consideration A').

    The second part of the Agreement is conditional on the Buyer's intention to acquire WPI's remaining stake in Star Pumped Storage (20.66%), up to the date stipulated in the Agreement, for a total consideration of NIS 42 million (approximately € 10.5 million).

    In addition, at the time of the Project's financial closing, WPI will be entitled to receive payments and reimbursement of expenses from third parties in connection with the Project, in the amount of approximately NIS 35 million (approximately € 8.8 million). Part of this amount will be used as collateral to the Buyer, as indicated above.

    Completion of each of the two parts of the transaction in its own is subject to the fulfilment of various conditions precedent, including regulatory approvals, which WPI intends to apply immediately in order to receive them.

    On the date that WPI is required to provide bank guarantees to the financing parties in the Project for the purpose of completing the financial closing, the Buyer will provide Consideration A as a loan, which will be used in part by WPI to provide its share in respect of the bank guarantees and the shareholders' equity required for the Project. This amount will become a final consideration if and when the conditions precedent for completing this part of the transaction will be met.

    In addition, it was agreed between the parties that the Buyer will provide all the bank guarantees required in respect of the part acquired by it in the first stage of the transaction, as well as additional guarantees and collaterals required for the purpose of the financial closing, in the total amount of NIS 100 million (approximately € 25.1 million). To secure this commitment, WPI will pledge in favour of the Buyer its remaining 20.66% stake in Star Pumped Storage and will make a cash deposit in its favour.

    If the first part of the transaction is not completed for reasons that are not dependent on WPI, Consideration A will remain as a loan to WPI, which will be repaid in accordance with the terms set out in the Agreement. In addition, in such a case, WPI will be required to release the Buyer from part of the guarantees it will provide as specified above.

    The consideration for the two parts of the transaction includes a certain payment based on the assumption that the benefits from the Project will be in the amounts detailed in the Agreement, as well as a compensation mechanism if these benefits will be lower than expected.

    WPI is a wholly owned subsidiary of Tahal Group International B.V., a 98.43% subsidiary of Kardan, which is the holding company of the water infrastructure activities of the Kardan Group.
  3. forum rang 10 DeZwarteRidder 24 augustus 2017 14:33
    A Tahal subsidiary, together with ZRB, will develop three agricultural projects.

    A subsidiary of Tahal Group International BV, controlled by Kardan NV (TASE: KRNV;AEX:KARD), together with ZRB, its partner for its business in Africa, has signed agreements with an Angolan government company to develop and construct three agricultural development projects there. The agreements, which total $291 million, were signed on Tuesday, and Tahal will receive half of this amount, the company reported yesterday to the TASE.

    The projects which depend on the availability of financing, are slated to take 32 months. Payment will be quarterly, depending on the achievement of milestones.

    Each project involves the development of a regional agricultural center, including the planning and construction of a number of farms, crops areas with drip irrigation, net houses and greenhouses, chicken coops and incubators, a logistical center, and a training center.

    Kardan NV's share price responded to the report with a 16% leap, bringing its gains this week to 30% and pushing the company's market cap up to NIS 71 million.

    Early this week, Kardan NV reported that Tahal, together with ZRB, had signed an agreement with the Zambian government to design and build an agricultural and water project in the country. The price for the three-year project is estimated at NIS 640 million ($176 million), to be divided equally by Tahal and ZRB.

    Once financing is obtained for these four projects, Tahal's orders backlog will rise to nearly NIS 4 billion.

    Managed by president and CEO Saar Bracha, Tahal provides engineering, planning, and supervisory services for water pump and supply projects, and is also involved in carrying out and building such projects. The company's specialties include water and sewage treatment, desalination, environmental and civil engineering, putting waste in landfills, natural gas, and agriculture.

    Kardan NV has three main assets: full ownership of Kardan Land China (KLC), a real estate company operating in China; a 98.4% stake in Tahal; and a 66% stake in the holder of the Ukrainian franchise for the Avis car brand (Iny family company Universal Motors Israel - UMI owns the other 34%).

    Kardan NV has been conducting a sale procedure for Tahal in recent months in order to meet its obligations to its bondholders. It was reported in July that Chinese companies had made at least two binding purchase offers for Tahal at prices in excess of €120 million.

    Last month, economists from the S&P rating company retained their B rating for Kardan NV's bonds, but warned, "If the company does not reach a final binding agreement to sell the asset within three months and does not find another way to raise capital to cover its uses for 2018, we will downgrade the rating by a number of levels."

    Published by Globes [online], Israel Business News - www.globes-online.com - on August 24, 2017
  4. Cor S 25 augustus 2017 08:23
    quote:

    Bio-marker schreef op 25 augustus 2017 03:23:

    Lijkt erop dat we heel binnenkort Tahal verkoop deal kunnen verwachten.
    Verkoop Tahal; In juli werd gemeld dat ten minste twee bindende aanbiedingen voor Tahal waren, prijzen boven €120 miljoen - is nu zeker 150 milj. waard!
    Of een andere manier vinden tot het aantrekken van kapitaal ter dekking van de aflossing. PB-tje verkoop of nieuw kapitaal zal de koers doen stijgen, mogelijk meer dan 100%!
  5. forum rang 10 DeZwarteRidder 25 augustus 2017 08:40
    quote:

    Bio-marker schreef op 25 augustus 2017 03:23:

    Lijkt erop dat we heel binnenkort Tahal verkoop deal kunnen verwachten.
    Dat denk ik ook; het is nu ook duidelijk waarom ze geen haast hadden. Het kan zelfs zijn dat er nog meer agro-opdrachten zitten aan te komen, het lijkt erop dat de eerste agro-opdracht in Angola een succes is geworden.
  6. Cor S 25 augustus 2017 08:49
    quote:

    ch@rter schreef op 25 augustus 2017 08:35:

    Corrie
    In april kreeg tahal Niet bindende biedingen.
    In juli was de S&P negatiever over de liquiditeits rating.

    Geen zaken door elkaar halen hoor ..
    Charter, lees bovenstaand bericht van 24 aug. 14.33 uur
    Kardan NV has been conducting a sale procedure for Tahal in recent months in order to meet its obligations to its bondholders. It was reported in July that Chinese companies had made at least two binding purchase offers for Tahal at prices in excess of €120 million.
  7. [verwijderd] 25 augustus 2017 08:52
    quote:

    Cor S schreef op 25 augustus 2017 08:49:

    [...]

    Charter, lees bovenstaand bericht van 24 aug. 14.33 uur
    Kardan NV has been conducting a sale procedure for Tahal in recent months in order to meet its obligations to its bondholders. It was reported in July that Chinese companies had made at least two binding purchase offers for Tahal at prices in excess of €120 million.
    Dat heeft zij wel gelezen Cor, maar ze wil wat lager instappen..........
500 Posts
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