FRANKFURT, GERMANY, Dec. 7, 2015 (Press Release) -Last Wednesday, Progroup AG, a majority-owned subsidiary of JH-Holding GmbH (B1 stable), agreed to acquire EnBW Energie Baden-Wuerttemberg AG’s (A3 negative) combined heat and power plant (CHP) in Eisenhüttenstadt, Germany for a total purchase price of €183.9 million (excluding transaction costs) and expects to complete the transaction on or around 31 December 2015.Read more
LANDAU, Germany , (Press Release) -Progroup AG, headquartered in Landau, Germany, has entered into an agreement to acquire the combined heat and power plant located in Eisenhüttenstadt, Germany, from German utility company EnBW Energie Baden-Württemberg AG.Read more
OAKLAND, CA, Dec. 8, 2014 (RISI) -Verso Paper LLC and Verso Maine Power Holdings, each an indirect, wholly owned subsidiary of Verso Paper Corp., on Dec. 5 entered into an agreement to sell Verso Bucksport Power LLC to AIM Development for approximately $60 million in cash.
In an SEC filing on Dec. 8, Verso said it anticipates that the transaction will be completed in January 2015.Read more
Metsä Group's subsidiary Metsä Fibre Oy has today sold a total of 170,000 series B shares in Pohjolan Voima Oy to Kymppivoima Oy for EUR 75 million. The said shares entitle their holder to buy electric power in the amount of approximately 200,000 MWh annually from Teollisuuden Voima Oy's existing facilities.Read more
Verso and NewPage requested the PSC grant the combined companies an exemption from certain provisions the state's holding company statute, which among other things, prohibits a single person from owning more than 10 percent of the voting stock of a public utility.Read more