KfW

EQS-News: ProCredit Holding AG & Co. KGaA: ProCredit Holding AG & Co. KGaA discloses the completion of the announced change in the composition of its core shareholder base

Retrieved on: 
Saturday, May 27, 2023
Saskatchewan River Sturgeon Management Board, Reconstruction, ProCredit Bank, KfW, Orientation, EBRD, Large-group communication, Climate change, Acquisition, International finance, Geography, European Central Bank, Publishing, Bank, ProCredit Holding

EQS-News: ProCredit Holding AG & Co. KGaA

Key Points: 
  • EQS-News: ProCredit Holding AG & Co. KGaA
    ProCredit Holding AG & Co. KGaA: ProCredit Holding AG & Co. KGaA discloses the completion of the announced change in the composition of its core shareholder base
    The issuer is solely responsible for the content of this announcement.
  • ProCredit Holding AG & Co. KGaA discloses the completion of the announced change in the composition of its core shareholder base
    Frankfurt am Main, 23.
  • May 2023 – The European Bank for Reconstruction and Development’s (EBRD’s) acquisition of the International Finance Corporation’s shares (IFC’s) in ProCredit Holding AG & Co. KGaA and ProCredit General Partner AG, announced on 17 March 2023, has been successfully completed.
  • The EBRD thus replaces IFC as the core shareholder of ProCredit Holding and now holds 8.7% of the group’s share capital.

EQS-News: creditshelf: High loan demand in Q1 2023

Retrieved on: 
Friday, May 12, 2023
Saskatchewan River Sturgeon Management Board, Advertising, Marketing, SME, KfW, EBIT, EUR, Acquisition, Depreciation, Annual report, Real estate

EBIT of minus EUR 0.7 million (Q1 2022: plus EUR 0.6 million) also reflects slightly higher personnel expenses and increased legal and consulting costs, as a result of intensified efforts on investor acquisition

Key Points: 
  • EBIT of minus EUR 0.7 million (Q1 2022: plus EUR 0.6 million) also reflects slightly higher personnel expenses and increased legal and consulting costs, as a result of intensified efforts on investor acquisition
    Frankfurt am Main, May 12, 2023 ‒ creditshelf, the largest digital SME financier in Germany, published its figures for Q1 2023 today.
  • The figures for Q1 2023 illustrate the opportunities arising for creditshelf from the current market environment: The requested loan volume increased by 15% to EUR 490 million in the first three months of 2023 (Q1 2022: EUR 425 million).
  • creditshelf arranged loans in the amount of EUR 20.9 million (Q1 2022: EUR 41.3 million).
  • With slightly increased regular depreciation and amortization, creditshelf closed Q1 2023 with an EBIT of minus EUR 0.7 million (Q1 2022: plus EUR 0.6 million).

EQS-News: Cureus survey: Municipal decision-makers expect a clear increase in the number of care places needed, but see solution in assisted living

Retrieved on: 
Friday, May 12, 2023
Perception, Federation, Ageing, Housing, KfW, Nursing, Mecklenburg-Vorpommern, Hospital, Cureus

Cureus survey: Municipal decision-makers expect a clear increase in the number of care places needed, but see solution in assisted living

Key Points: 
  • Cureus survey: Municipal decision-makers expect a clear increase in the number of care places needed, but see solution in assisted living
    The issuer is solely responsible for the content of this announcement.
  • Cureus survey: Municipal decision-makers expect a clear increase in the number of care places needed, but see solution in assisted living
    Hamburg, 12 May 2023.
  • 65 percent of municipal decision-makers expect a clearly higher demand for care places in their district or independent city by 2040 compared to 2022.
  • "Unfortunately, most municipal decision-makers seem to want to rely more on assisted living as a solution.

Nevada Copper Announces Significant Financing Package Supporting Completion of the Underground Mine Ramp-Up; Significant Debt Reduction

Retrieved on: 
Tuesday, May 9, 2023
Unit, Person, Line of credit, Dollar for Dollar, Capital, Toronto Stock Exchange, News, PTE, FSE, Underwriting, Mining, Offering, Hart–Scott–Rodino Antitrust Improvements Act, TSX, Credit, Exercise, Underground, ALL, Disclosure, Lake Vermilion-Soudan Underground Mine State Park, Indian stock exchange, NCU, Nevada Copper Belt Railroad, KfW, SMD, TF, Primary Dealer Credit Facility, OTC, Copper, Security (finance), Financial adviser, Food delivery, Cryptocurrency, Airline, Concord, Mercuria

With significant copper mineral reserves and resources and once operating at nameplate capacity, the Underground Mine will support the global drive towards electrification and a renewable energy future.

Key Points: 
  • With significant copper mineral reserves and resources and once operating at nameplate capacity, the Underground Mine will support the global drive towards electrification and a renewable energy future.
  • The Over-Allotment Option may be exercised by the Underwriters to purchase additional Units, Common Shares, Warrants or any combination thereof.
  • Upon the completion of the Subsequent Pala Exercise, all amounts outstanding under the Credit Facility will be deemed fully repaid.
  • Consistent with the Company’s stated plans and prior disclosure, the Company has retained SMD as its underground lateral development contractor.

Potentia and Greengate Close Financing for Paintearth Wind

Retrieved on: 
Tuesday, April 18, 2023
LLP, Town, Partnership, Greengate Power Corporation, Siemens Gamesa, Electricity, Wind, KfW, County of Paintearth No. 18, Microsoft, Hoskin, Pleasure, KfW IPEX-Bank, Renewable energy

TORONTO and CALGARY, Alberta, April 18, 2023 (GLOBE NEWSWIRE) -- Potentia Renewables Inc. (Potentia) and Greengate Power Corporation (Greengate) are pleased to announce the close of financing for their Paintearth Wind project currently under construction in Alberta, Canada.

Key Points: 
  • TORONTO and CALGARY, Alberta, April 18, 2023 (GLOBE NEWSWIRE) -- Potentia Renewables Inc. (Potentia) and Greengate Power Corporation (Greengate) are pleased to announce the close of financing for their Paintearth Wind project currently under construction in Alberta, Canada.
  • The Paintearth Wind project is part of Potentia’s portfolio of almost one gigawatt of new renewable energy projects operating or in-construction in Western Canada.
  • Paintearth Wind will have an installed capacity of 190 MW using 38 wind turbines from Siemens Gamesa Renewable Energy.
  • Our long-time partnership with them has been very successful, with Paintearth Wind now being the third wind energy project successfully developed together.

EQS-News: Cureus continues successful course also in the first quarter of 2023

Retrieved on: 
Saturday, April 15, 2023
Schleswig-Holstein, Mecklenburg-Vorpommern, Construction, Further, Research, KfW, CCO, Sustainalytics, ESG, GEG, Real estate, Cureus

From January to March 2023, the company completed a total of three projects with 352 care and assisted living units in Schleswig-Holstein, Mecklenburg-Western Pomerania and Brandenburg.

Key Points: 
  • From January to March 2023, the company completed a total of three projects with 352 care and assisted living units in Schleswig-Holstein, Mecklenburg-Western Pomerania and Brandenburg.
  • In addition, construction got underway on two new projects with 198 care places during the course of the firt quarter 2023.
  • Frank Oberländer will become Chief Construction Officer (CCO) of Cureus GmbH with effect from 1 March 2023.
  • Cureus projects can comprise different construction phases at one location which are later combined as one leased property.

Fourth Sangdong Tungsten Mine Loan Facility Drawdown

Retrieved on: 
Monday, April 3, 2023
Mining, Minerals, Natural Resources, Term Asset-Backed Securities Loan Facility, Sangdong mine, KFW, Democracy, UPDATE, ALI, Electricity, THIS, KfW, Person, Sale, AII, KfW IPEX-Bank, IS, OF, Acquisition, Risk, Engineering, Water, Operating Industries Inc., Landfill, ANY, TSX, ESG, APT, Los Santos mine, Loan, Rare-earth element, Bank, Management, Cryptocurrency, Risk management, Almonty Industries, Panasqueira

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that it has completed its fourth scheduled drawdown of the total US$75.1 million KfW IPEX-Bank project finance facility for its Sangdong Tungsten Mine (the Loan Facility) located in South Korea.

Key Points: 
  • Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that it has completed its fourth scheduled drawdown of the total US$75.1 million KfW IPEX-Bank project finance facility for its Sangdong Tungsten Mine (the Loan Facility) located in South Korea.
  • The total amount drawn under the Loan Facility now stands at US$32.3 million.
  • Almonty’s Chairman, President and CEO Lewis Black commented:
    “We are pleased to have received the fourth drawdown from our financing partners, KfW IPEX-Bank, under the US$75.1 million project financing loan facility.
  • The terms of the Loan Facility are favourable to the Company and the Sangdong Mine is targeted to be in operation well before the Loan Facility matures and becomes repayable.

Almonty Announces the Filing of Its Audited Annual Consolidated Financial Statements, MD&A and AIF for the Year Ended December 31, 2022 and $3.8m in Positive EBITDA From Mining Operations(1).

Retrieved on: 
Monday, April 3, 2023
Mining, Minerals, Natural Resources, CAD, USD, KfW, Management, Cryptocurrency, EBITDA

Almonty’s Chairman, President and CEO Lewis Black commented:

Key Points: 
  • Almonty’s Chairman, President and CEO Lewis Black commented:
    “While operations at our Panasqueira mine in Portugal continues to show income and positive EBITDA from mining operations with a 9 fold increase in EBITDA compared to 2021 and a disciplined management of costs during some extraordinary inflationary events, the Company recorded a non-cash unrealized foreign exchange loss of $2.9 million during the year as a result of an 8.5% swing in the relative USD vs. CAD foreign exchange rates as well as a non-cash charge for share-based payments of $3.8 million on the granting of stock options during the year that were directly linked to the successful closing of the KfW debt financing.
  • A further update on the progress at site will follow shortly.”

EQS-News: ProCredit Holding AG & Co. KGaA: European Bank for Reconstruction and Development establishes the groundwork to become a core shareholder of ProCredit Holding AG & Co. KGaA

Retrieved on: 
Monday, March 20, 2023
SME, DNA, Financial Oversight and Management Board for Puerto Rico, Paris, Paris Agreement, ProCredit Holding, International Finance Corporation, Reconstruction, Frankfurt Stock Exchange, KfW, History, Orientation, Fly-by-wire, EBRD, Group communication system, European Bank for Reconstruction and Development, World Bank Group, Economic development, International Bank for Reconstruction and Development, Growth, European Central Bank, Security (finance), Bank, Nightclub, Development

EQS-News: ProCredit Holding AG & Co. KGaA

Key Points: 
  • EQS-News: ProCredit Holding AG & Co. KGaA
    ProCredit Holding AG & Co. KGaA: European Bank for Reconstruction and Development establishes the groundwork to become a core shareholder of ProCredit Holding AG & Co. KGaA
    The issuer is solely responsible for the content of this announcement.
  • Upon completion of the transaction, EBRD will replace IFC as a core shareholder of Pro Credit Holding and hold 8.7 per cent of its share capital.
  • Completion of the share purchase is subject to fulfilment of conditions precedent including receipt of regulatory approvals where applicable.
  • By becoming a core shareholder, EBRD intends to support ProCredit Holding in its transformation into a stock company under German law (Aktiengesellschaft) while maintaining its impact orientation.

EQS-News: Results of IKB Deutsche Industriebank AG for the 2022 financial year: resilient earnings in a volatile market environment

Retrieved on: 
Thursday, March 16, 2023
Yoy, NPL, Bank, Government, Investment, Bank statement, Environment, Executive officer, RWA, IKB, Tax, ESG, IKB Deutsche Industriebank, KfW, Airline, Security (finance), Insurance, Cryptocurrency

Results of IKB Deutsche Industriebank AG for the 2022 financial year: resilient earnings in a volatile market environment

Key Points: 
  • Results of IKB Deutsche Industriebank AG for the 2022 financial year: resilient earnings in a volatile market environment
    The issuer is solely responsible for the content of this announcement.
  • In this challenging business environment, IKB took measures to reduce its risk exposure, bolstering its risk-provision reserves to mitigate these effects.
  • Looking to the 2023 financial year, we expect the macroeconomic situation to remain volatile and project consolidated net income before tax in line with FY 2022.
  • Table: IKB income statement for the 2022 financial year (Group, in accordance with German commercial law)