KICO

EQS-News: Mutares SE & Co. KGaA: Tenth acquisition in 2022: Mutares has signed an irrevocable offer to acquire a plant of an automotive supplier in France

Retrieved on: 
Friday, September 23, 2022

The plant, which will generate revenues of around EUR 200 million in 2022, employs 740 people and has a long tradition of producing premium transmissions for the automotive industry.

Key Points: 
  • The plant, which will generate revenues of around EUR 200 million in 2022, employs 740 people and has a long tradition of producing premium transmissions for the automotive industry.
  • We therefore see great potential for the business as part of our portfolio," comments Johannes Laumann, CIO of Mutares.
  • As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding.
  • The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

DGAP-News: Mutares has successfully completed the acquisition of Cimos d.d.

Retrieved on: 
Wednesday, September 14, 2022

Mutares has successfully completed the acquisition of Cimos d.d.

Key Points: 
  • Mutares has successfully completed the acquisition of Cimos d.d.
  • Mutares has successfully completed the acquisition of Cimos d.d.
  • Munich, 14September 2022 Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Cimos d.d.
  • The closing of this transaction marks the first acquisition of the new office in Vienna and strengthens the Automotive & Mobility segment as a new platform acquisition.

Ivanhoe and Gécamines Host Ceremony Commemorating the Start of Construction Activities at the Historic Kipushi Mine

Retrieved on: 
Monday, September 12, 2022

Kipushi, Democratic Republic Congo--(Newsfile Corp. - September 12, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) President Marna Cloete is pleased to announce that Kipushi Corporation SA (KICO), a joint venture between Ivanhoe and DRC state-owned mining company Gécamines, recently hosted a breaking-ground ceremony to commemorate the start of construction of the processing plant at the historic Kipushi zinc-copper-germanium-silver mine. In addition, Ivanhoe signed a memorandum of understanding (MOU) with the provincial government of Haut-Katanga to study options for upgrading the DRC-Zambia border crossing in the town of Kipushi for commercial imports and exports.

Key Points: 
  • The ceremony follows the outstanding results of the Kipushi 2022 Feasibility Study, announced in February 2022, as well as the agreement signed between Ivanhoe Mines and Gcamines to bring the Kipushi mine back into production.
  • This infrastructure also allows for a relatively short construction timeline of two years, with the principal development activities being the construction of a conventional concentrator facility and supporting infrastructure, together with the restart of mining activities underground.
  • The re-birth of the historic Kipushi Mine will be a great achievement for Ivanhoe Mines, our partners and shareholders, and the Democratic Republic of Congo."
  • Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Mining Complex.

AM Best Downgrades Credit Ratings of Kingstone Insurance Company; Downgrades and Withdraws Credit Ratings of Kingstone Companies, Inc.

Retrieved on: 
Friday, July 29, 2022

The outlook of these Credit Ratings (ratings) was revised to negative from stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) was revised to negative from stable.
  • See below for a detailed listing of KINS Long-Term Issue Credit Ratings (Long-Term IR) and Indicative Credit Ratings that were also withdrawn.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

DGAP-News: Mutares SE & Co. KGaA: Fifth buy-side transaction in 2022: Mutares acquires Cimos d.d. from TCH S.r.L.

Retrieved on: 
Friday, May 27, 2022

Mutares SE & Co. KGaA: Fifth buy-side transaction in 2022: Mutares acquires Cimos d.d.

Key Points: 
  • Mutares SE & Co. KGaA: Fifth buy-side transaction in 2022: Mutares acquires Cimos d.d.
  • Fifth buy-side transaction in 2022: Mutares acquires Cimos d.d.
  • Munich, 27May 2022 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Cimos d.d.
  • The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

Ivanhoe Mines and Gecamines Sign New Agreement to Return the Ultra-High-Grade Kipushi Mine in the DRC to Production

Retrieved on: 
Monday, February 14, 2022

Ivanhoe Mines has been a key partner in the Kipushi Project for over a decade and we appreciate their continued commitment to the project.

Key Points: 
  • Ivanhoe Mines has been a key partner in the Kipushi Project for over a decade and we appreciate their continued commitment to the project.
  • (L-R) Olivier Binyingo (Ivanhoe Mines Vice President Public Affairs DRC), Marna Cloete (Ivanhoe Mines President), Alphonse Kaputo Kalubi (Chairman of Gcamines), and Louis Watum (General Manager, Kipushi Corporation) discussing the Kipushi partnership during a recent visit to the Kamoa-Kakula mining complex.
  • The Kipushi Mine is operated by Kipushi Corporation (KICO), a joint venture between Ivanhoe Mines wholly owned subsidiary, Kipushi Holding, and Gcamines, the DRC's state-owned mining company.
  • Figure 1: World's 10 major zinc mines, showing estimated annual zinc production and zinc head grades (ranked by production, 2020).

DGAP-News: ​​​​​​​Mutares has successfully completed the acquisition of Innomotive Systems Hainichen GmbH from a Chinese state-controlled company

Retrieved on: 
Wednesday, September 29, 2021

EUR 120 million

Key Points: 
  • EUR 120 million
    Munich, 29 September 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Innomotive Systems Hainichen GmbH.
  • The acquisition strengthens the Automotive & Mobility segment and has numerous synergies with the portfolio company KICO GmbH.
  • Mutares is strongly committed to a sustainable dividend policy consisting of a base dividend and a performance dividend.
  • The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN DE000A2NB650 ).

DGAP-News: Mutares SE & Co. KGaA: Ninth buy-side transaction in 2021: Mutares acquires Innomotive Systems Hainichen GmbH from a Chinese state-controlled enterprise

Retrieved on: 
Tuesday, August 17, 2021

Mutares SE & Co. KGaA: Ninth buy-side transaction in 2021: Mutares acquires Innomotive Systems Hainichen GmbH from a Chinese state-controlled enterprise

Key Points: 
  • Mutares SE & Co. KGaA: Ninth buy-side transaction in 2021: Mutares acquires Innomotive Systems Hainichen GmbH from a Chinese state-controlled enterprise
    The issuer is solely responsible for the content of this announcement.
  • Ninth buy-side transaction in 2021: Mutares acquires Innomotive Systems Hainichen GmbH from a Chinese state-controlled enterprise
    Target company with revenues of approx.
  • EUR 120 million
    Munich, 16August 2021 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Innomotive Systems Hainichen GmbH from a Chinese state-controlled enterprise.
  • The shares of Mutares SE & Co. KGaA are listed on the Frankfurt Stock Exchange under the ticker symbol "MUX" (ISIN: DE000A2NB650 ).

AM Best Downgrades Credit Ratings of Kingstone Insurance Company and Kingstone Companies, Inc.

Retrieved on: 
Friday, August 6, 2021

(See below for a detailed listing of Long-Term Issue Credit Ratings (Long-Term IR) and Indicative Credit Ratings).

Key Points: 
  • (See below for a detailed listing of Long-Term Issue Credit Ratings (Long-Term IR) and Indicative Credit Ratings).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.