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1 week ago | 
txfnews.com | Carl Morris
The Swedish government has proposed raising EKN’s guarantee limit by SEK50 billion to SEK550 billion (over $56 billion) in response to growing demand for export credit guarantees.The proposal - made in the government's spring budget - comes amid heightened global uncertainty, including...
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1 week ago | 
txfnews.com | Carl Morris
In:
Infrastructure
Montenegro has extended until July 2028 the current structure of the hedging agreement signed in January 2024 to protect its budget from foreign exchange risks linked to the repayment of a US dollar loan from the Export-Import Bank of China for the construction of the Bar–Boljare motorway.The...
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1 week ago | 
txfnews.com | Carl Morris
Region:
Middle East & Africa, Europe
Dutch development bank FMO's co-chief investment officer Peter Maila is moving to supply chain finance group Zvilo. Maila will lead London-headquartered Zvilo’s expansion into the African market as CEO Africa. Maila will end his time at FMO at the end of June.Huib-Jan de Ruijter,...
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1 week ago | 
txfnews.com | Carl Morris
The French government has signed off on €99.84 million ($113 million) of state aid towards the construction of France’s first manufacturing site for anion exchange membrane (AEM) electrolysers.Electrolyser manufacturer Gen-Hy had been approved for the grant via the EU’s Important...
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1 week ago | 
txfnews.com | Carl Morris
In:
Metals and Mining
Lundin Mining has completed the sale of its Neves-Corvo operation in Portugal and Zinkgruvan operation in Sweden to Boliden for a total consideration of up to $1.52 billion.Boliden has acquired 100% of the shares of Somincor–Sociedade Mineira de Neves-Corvo, which operates Neves-Corvo, and...
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1 week ago | 
txfnews.com | Carl Morris
In: Metals and Mining Region: Middle East & Africa Canada’s First Quantum Minerals is acquiring a 15% stake in Prospect Resources, a battery and electrification metals developer based in Australia, as it deepens its presence in Zambia’s copper belt.The deal sees First Quantum invest A$15.2 million ($9.7 million) in a share placement at... Exclusive subscriber content… If you are a TXF subscriber, please login to continue reading Login Not yet a subscriber? Join us today to continue accessing...
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1 week ago | 
txfnews.com | Carl Morris
Global Clean Energy Holdings has filed bankruptcy with a plan that hands control of the business to its lenders and engineering firm CTCI Americas.California-based GCE filed Chapter 11 in Texas with more than $2 billion in debt. The company said it intends to implement a restructuring deal designed...
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1 week ago | 
txfnews.com | Carl Morris
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe
World Bank president Ajay Banga has doubled down on his push to revamp the bank's energy strategy to end a ban on lending for nuclear power projects and enable more natural gas projects. He said he would seek executive board approval in June.The changes would mark a shift from the bank's...
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1 week ago | 
txfnews.com | Carl Morris
Region:
Middle East & Africa, Europe
A joint development agreement has been signed to establish a liquid hydrogen corridor, connecting Oman, the Netherlands and Germany.The corridor will link the Port of Duqm in Oman, the Port of Amsterdam in the Netherlands and key logistics hubs in Germany, including the Port of Duisburg, enabling...
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1 week ago | 
txfnews.com | Carl Morris
Martin Caslavka has announced that he is starting a new position as vice president, structured solutions at Commerzbank in London.Caslavka has 11 years of front office experience in trade finance and loan capital markets with a primary focus on emerging markets, according to his LinkedIn profile.He...
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