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EQS-News: Mutares has successfully completed the acquisition of Arriva Poland from the Arriva Group

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Thursday, June 15, 2023

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Munich, 15 June 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Polish bus business operations from Arriva Group, which belongs to Deutsche Bahn AG, after the closing of the Danish and Serbian business in mid-May.

Key Points:

Munich, 15 June 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Polish bus business operations from Arriva Group, which belongs to Deutsche Bahn AG, after the closing of the Danish and Serbian business in mid-May.
The rail division of Arriva Poland will remain with Arriva Group.
With around EUR 50 million in revenues and approximately 900 employees, the Polish bus business offers commercial bus services.
In total, the acquired businesses from Arriva Group strengthen the Mutares Goods & Services segment with revenues of around EUR 400 million and 3,400 employees.

McEwen Mining Reduces Debt by 39%

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Tuesday, May 23, 2023

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TORONTO, May 23, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen Mining” or the “Company”) today reported that it has repaid $25 million of its senior secured debt payable to Sprott Resource Lending (“Sprott”) and Sprott is no longer a lender.

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TORONTO, May 23, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen Mining” or the “Company”) today reported that it has repaid $25 million of its senior secured debt payable to Sprott Resource Lending (“Sprott”) and Sprott is no longer a lender.
Prior to the repayment, the Company had $50 million in senior secured debt and a $15 million unsecured promissory note, for a total debt of $65 million.
As a result of the debt reduction, McEwen Mining’s annual borrowing costs will decrease by approximately $2.2 million or 36%.
The reduction of debt was funded through the secondary sale of McEwen Copper shares to FCA Argentina S.A. (Stellantis) and Nuton LLC, which closed in February and March 2023, and raised $47.5 million in gross proceeds to McEwen Mining.

Streaming Video Technology Alliance Convenes in New Orleans for Q2 Member Meeting

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Wednesday, May 17, 2023

The Streaming Video Technology Alliance (SVTA), a global technical association developing solutions to address critical technical challenges in delivering a high-quality video experience at scale, convenes today in New Orleans at the Hilton St. Charles for its Q2 Member Meeting.

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The Streaming Video Technology Alliance (SVTA), a global technical association developing solutions to address critical technical challenges in delivering a high-quality video experience at scale, convenes today in New Orleans at the Hilton St. Charles for its Q2 Member Meeting.
“Q2 has been a quarter of exciting developments at SVTA, including the launch of SVTA University and the first SEGMENTS conference, held yesterday, where we announced the 2023 Fellow Program honorees,” said Jason Thibeault, Executive Director at the Streaming Video Technology Alliance.
“This is our first time holding an SVTA member meeting in beautiful New Orleans, and we’re looking forward to a productive two days of industry discussions, debates, and networking.
While dedicated wikis exist for many major topics and industries, the streaming video industry lacked a similar resource.

EQS-News: Mutares has successfully completed the acquisition of Arriva Denmark and Serbia from the Arriva Group

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Tuesday, May 16, 2023

Krishna River Management Board, Regulated market, Frankfurt Stock Exchange, MUX, EUR, Mutares, HQ, Acquisition, SHARE, Deutsche Bahn, Supervisory board, ISIN

Munich, 16 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Danish and Serbian business operations from Arriva Group, which belongs to the Deutsche Bahn AG.

Key Points:

Munich, 16 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the Danish and Serbian business operations from Arriva Group, which belongs to the Deutsche Bahn AG.
The transaction of the Polish Bus business will be closed in the course of the next weeks.
In total, the business generates revenues of around EUR 350 million with approximately 2,500 employees in the two countries Denmark and Serbia.
The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

McEwen Mining: Q1 2023 Results

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Monday, May 8, 2023

TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2023.

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TORONTO, May 08, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its first quarter (Q1) results for the period ended March 31st, 2023.
Adjusted net loss(1) was $6.4 million, or $0.14 per share in Q1, compared to an adjusted net loss of $13.1 million, or $0.28 per share in Q1 2022.
Production from our three operating mines was 30,400 gold equivalent ounces (GEOs) (3) in Q1, compared to 25,200 GEOs in Q1 2022.
Management will discuss our Q1 financial results and project developments and follow with a question and answer session.

EQS-News: Fifth exit in 2023: Mutares has signed an agreement to sell Special Melted Products to Cogne Acciai Speciali for an enterprise value of approximately EUR 180 million

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Friday, May 5, 2023

Munich, 5 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to sell its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS).

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Munich, 5 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to sell its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS).
Taking into account deductible items, variable compensation and transaction costs, the company expects an inflow in the three-digit million range of up to EUR 150 million.
Cogne Acciai Speciali is a leading global supplier of stainless steel long products and nickel alloys.
The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights.

McEwen Mining Q1 2023 Results Conference Call

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Wednesday, May 3, 2023

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TORONTO, May 03, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call following the release of our Q1 2023 financials results on Tuesday, May 9th, 2023 at 11:00 AM EDT, where management will discuss our financial results and project developments and follow with a question-and-answer session.

Key Points:

TORONTO, May 03, 2023 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) invites you to join our conference call following the release of our Q1 2023 financials results on Tuesday, May 9th, 2023 at 11:00 AM EDT, where management will discuss our financial results and project developments and follow with a question-and-answer session.
Questions for the call can be emailed in advance to [email protected] , or can be asked directly by participants over the phone during the webcast.

EQS-News: Mutares SE & Co. KGaA: Successful integration of NEM Energy and Balcke-Dürr to one Group to materialize synergies

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Wednesday, May 3, 2023

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EUR 340 million

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EUR 340 million
Munich, 3 May 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully executed the legal integration of Balcke-Dürr GmbH into NEM Energy B.V. On 29 March 2023, NEM Energy B.V. has fully acquired Balcke-Dürr GmbH and its subsidiaries.
Balcke-Dürr has been part of the Mutares portfolio since 2016 and NEM was acquired in December 2022.
With the integration of both companies, the new “NEM Energy Group”, will achieve approx.
Following the successful integration, Balcke-Dürr will become a part of the “NEM Energy Group”.

EQS-News: Mutares has successfully completed the majority acquisition of BEW-Umformtechnik from Marigold Capital

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Monday, May 1, 2023

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Munich, 28 April 2023 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of 87.5% in BEW-Umformtechnik GmbH from majority shareholder Marigold Capital and minority shareholder Markus Schramek.

Key Points:

Munich, 28 April 2023 - Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of 87.5% in BEW-Umformtechnik GmbH from majority shareholder Marigold Capital and minority shareholder Markus Schramek.
As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding.
The Management Board and Supervisory Board together hold more than one third of all Mutares shares with voting rights.
The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

Parade Technologies Reports First Quarter 2023 Financial Results

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Wednesday, April 26, 2023

Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed interface IC supplier, today announced financial results for the first quarter fiscal year 2023 ended March 31, 2023, and provided guidance for the second quarter of fiscal year 2023.

Key Points:

Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading high-speed interface IC supplier, today announced financial results for the first quarter fiscal year 2023 ended March 31, 2023, and provided guidance for the second quarter of fiscal year 2023.
In US dollars, the first quarter of 2023 consolidated revenue decreased 1.44% sequentially and was down 52.55% year-over-year.
The gross profit in the first quarter of 2023 was US$44.04 million, representing a decrease of 1.42% from the previous quarter and a decrease of 56.30% compared to the same quarter of last year.
Based on current business outlook, Parade is providing the following guidance for the second quarter of fiscal 2023:
The financial figures detailed above for the first quarter of 2023 have been reviewed by independent accountants.