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Corporate Financial Services

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Ambac announces third quarter loss of $4.20 per share

Wednesday, 8 Nov 2017

Nov 8 (Reuters) - Ambac Financial Group Inc :Ambac announces third quarter 2017 results.Q3 adjusted loss per share $3.30.Q3 loss per share $4.20.Loss in q3 were adversely impacted by public finance losses and loss expenses incurred​.Board completed a comprehensive review of ambac's corporate strategy​.To ‍evaluate future new business initiatives in certain business sectors, adjacent to co's core business​.To conduct ‍ongoing review of organizational cost effectiveness and efficiency of operating platform​.

India's L&T Finance Holdings Sept-qtr consol profit up about 47 pct

Thursday, 26 Oct 2017

Oct 26 (Reuters) - L&T Finance Holdings Ltd :Sept quarter consol net profit 3.62 billion rupees.Consensus forecast for sept quarter consol profit was 3.08 billion rupees.Sept quarter consol revenue from operations 23.84 billion rupees.Consol net profit in Sept quarter last year was 2.47 billion rupees; consol revenue from operations was 20.88 billion rupees.Sept quarter average assets under management of investment management business up 61 percent to 527.49 billion rupees.Sept quarter net NPA 3.31 percent versus 3.31 percent previous quarter.Sept quarter gross NPA 5.80 percent versus 5.71 percent previous quarter.

First Eagle Investment Management agrees to acquire Newstar Financial

Tuesday, 17 Oct 2017

Oct 17 (Reuters) - Newstar Financial Inc :First Eagle Investment Management agrees to acquire Newstar Financial.Newstar Financial-‍first Eagle to pay $11.44 per Newstar share in cash plus contingent value rights worth up to an estimated additional $0.88-1.00 per share​.Newstar Financial Inc - ‍Newstar stockholders are expected to receive total consideration estimated at $12.32 to $12.44 per share​.Newstar Financial Inc - ‍agreements with First Eagle and GSO include a 30 day "Go Shop" period​.Newstar Financial Inc - to concurrently sell portfolio of investment assets, including about $2.4 billion in middle-market loans, other credit investments.Newstar Financial Inc - ‍transactions have been approved by Newstar's and First Eagle's boards of directors​.Newstar Financial Inc - to sell portfolio of investment assets to a fund sponsored by GSO capital partners​.Newstar Financial-‍First Eagle to fund merger with cash from its balance sheet, Newstar cash, including from GSO's acquisition of Newstar's assets​.

DF Deutsche Forfait says Trump's decision on Iranian nuclear agreement has no direct impact on operations​

Monday, 16 Oct 2017

Oct 16 (Reuters) - DF DEUTSCHE FORFAIT AG :‍STATEMENT ON U.S. PRESIDENT TRUMP'S DECISION ON IRANIAN NUCLEAR AGREEMENT​.DECISION HAS NO DIRECT IMPACT ON OPERATIONS AND BUSINESS DEVELOPMENT OF CO AND TRADE BETWEEN EU AND IRAN​.‍DOES CURRENTLY NOT EXPECT ADVERSE EFFECTS ON OPERATIONS AND TRADING ACTIVITIES OF BUSINESS PARTNERS WITH IRAN​.

GRENKE group's new business reaches EUR 1,731.2 mln in 9mth period​

Wednesday, 4 Oct 2017

Oct 4 (Reuters) - GRENKE AG ::‍GRENKE GROUP'S NEW BUSINESS REACHES EUR 1,731.2 MILLION IN NINE-MONTH PERIOD​.‍IN FIRST NINE MONTHS OF 2017, GRENKE GROUP RECORDED A TOTAL OF 339,866 LEASE APPLICATIONS​.‍9MTH GROUP FACTORING'S NEW BUSINESS WITH A YEAR-ON-YEAR INCREASE IN TOTAL OF PURCHASED RECEIVABLES OF 21.5% TO EUR 309.3 MILLION​.‍IN FIRST NINE MONTHS, GRENKE GROUP LEASING ACQUIRED NEW BUSINESS VOLUME OF EUR 1,401.9 MILLION​.

Shine Corporate updates on Oakey contamination class action

Friday, 17 Mar 2017

Shine Corporate Ltd : Oakey contamination class action - litigation funding . To confirm extension of its cba facilities, including an additional $9 million market rate facility . Proposed action will be conducted on behalf of property and business owners affected by contamination . Agreement by litigation funder imf bentham to fund proposed class action to be conducted by co's subsidiary, shine lawyers pty ltd . Contamination alleged to have arisen from use of aqueous film forming foam at aviation centre . Proposed class action against commonwealth of australia (department of defence) to contamination at oakey army aviation centre, become unconditional .IMF has confirmed that condition precedent to agreement has been satisfied.

Shine Corporate updates on Oakey contamination class action

Thursday, 16 Mar 2017

Shine Corporate Ltd : Oakey contamination class action - litigation funding . To confirm extension of its cba facilities, including an additional $9 million market rate facility . Proposed action will be conducted on behalf of property and business owners affected by contamination . Agreement by litigation funder imf bentham to fund proposed class action to be conducted by co's subsidiary, shine lawyers pty ltd . Contamination alleged to have arisen from use of aqueous film forming foam at aviation centre . Proposed class action against commonwealth of australia (department of defence) to contamination at oakey army aviation centre, become unconditional .IMF has confirmed that condition precedent to agreement has been satisfied.

Zephyro reorganizes biomedical services business branch

Friday, 15 Jul 2016

Zephyro SpA : Said on Thursday that its board decided to separate its biomedical services business from its core business of energy efficiency services . To transfer in Biomedicale Srl its business branch related to the mainteinance of biomedical equipment .Biomedical is wholly owned by Zephyro.

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