Huber Signs Agreement to Acquire Remaining Stake in MAGNIFIN Joint Venture

ATLANTA, May 05, 2021 (GLOBE NEWSWIRE) — On May 4, J.M. Huber Corporation (“Huber”) signed a definitive agreement with RHI Magnesita (“RHIM”) to acquire their 50% ownership stake in the companies’ 50/50 joint venture, MAGNIFIN Magnesiaprodukte GmbH & Co. KG (“MAGNIFIN”). This transaction is expected to close in the second half of 2021, pending regulatory approvals.
Huber originally acquired itRead More…

Madison Realty Capital Originates $395 Million Loan for Portfolio of Three Multifamily Projects in Bayonne, Raritan and Linden, NJ and Eight-Acre Land Key to Downtown Newark’s Revitalization

Residential Portfolio Comprised of Four Mid-Rise Buildings with 1,161 Units Nearing Completion; Eight-Acre Newark Project Site Includes Plans to Develop 4,200 Residential Units
NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $395 million loan to Accurate BuildeRead More…

InvestorBrandNetwork (IBN) Highlights 2021 Growth Milestones

NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) — via InvestorWire — InvestorBrandNetwork (“IBN”), an innovative corporate communications agency and diversified content distributor, today announces significant growth milestones in early 2021.
Since launching the first brand of its communications platform in 2006, IBN has consistently attained transformative growth. Today, the IBN Investor Brand Platform boasRead More…

Indus Motor Records Promising 3rd Quarter Results

Karachi, May 05, 2021 (PPI-OT): The Board of Directors of Indus Motor Company Limited (IMC) released its financial results for the quarter and nine months ended March 31, 2021. The Company’s combined sales of Complete Knocked Down (CKD) and Complete Built-up (CBU) units for the quarter ended March 31, 2021, increased by 48.3% to 16,626 units as against 11,209 units sold in the same quarter last year. Moreover, saleRead More…

Mari Petroleum and PPL announce commencement of natural gas from Shah Bandar Block

Islamabad, May 05, 2021 (PPI-OT): Mari Petroleum is pleased to announce commencement of natural gas production from Benari X-1 Field in Shah Bandar Block w.e.f 3rd May, 2021. MPCL holds 32% working interest in Shah Bandar Block which is operated by PPL. Shah Bandar Joint Venture has agreed to process Benari X-1 gas at MPCL’s operated Sujawal Gas Processing Facility for its onward injection in to SSGC network.
The eRead More…

HBL Enables E-Commerce Transactions For All Paypak Cards

Karachi, May 05, 2021 (PPI-OT): HBL becomes the first bank to enable PayPak e-Commerce acceptance on its Internet Payment Gateway (IPG). The gateway that currently services over 400+ e-Commerce merchants, will allow PayPak cardholders to securely perform transactions with e-Commerce merchants via HBL. HBL and 1LINK take pride in expanding financial inclusion across the country and believe that such initiatives will pRead More…

PACRA Maintains Entity Ratings of Alfalah CLSA Securities (Private) Limited

Lahore, May 05, 2021 (PPI-OT): The ratings incorporate the Company’s association with a renowned international brand, CLSA (~25% stake holder), the largest investment bank in China backed by CITIC Securities along with Bank Alfalah (~61% stake holder) the leading bank in Pakistan. The Company has sound governance framework, well experienced management team, and well established compliance protocols which bodes wellRead More…

PACRA Assigns Initial Entity Ratings to Infra Zamin Pakistan Limited

Lahore, May 05, 2021 (PPI-OT):Infra Zamin Pakistan Limited (IZP) is a recent initiative of the Private Infrastructure Development Group (PIDG). PIDG through group companies (InfraCo Asia Investments/ Indus Guarantees and GuarantCo) has partnered with Karandaz for taking this initiative forward. The shareholding structure plays a pivotal role in the assignment of rating. Developed by GuarantCo, IZP is to function as aRead More…

Call to take stakeholders on-board to make SESSI functional

Karachi, May 05, 2021 (PPI-OT): Faisal Moiz Khan, President North Karachi Association of Trade and Industry (NKATI), on behalf of the industrial community, has welcomed the issuance of “Benazir Mazdoor Card” by the Sindh government and appreciated the move. In a statement on Wednesday, NKATI president said that a facility like Mazdoor card had been needed for a long time, as no special measures had been taken in Read More…

Employers’ Federation of Pakistan calls for immediate vaccination of industrial workers

Karachi, May 05, 2021 (PPI-OT): Ismail Suttar, President, Employers’ Federation of Pakistan (EFP), while lauding the government’s diehard commitment in vaccinating health workers across the country, called for immediate vaccination of industrial workers as a next agenda. In a statement on Wednesday, the EFP president stated that the economy was undergoing a very difficult phase. On one side, Pakistan is gaining gRead More…