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Songwon enlarges its global footprint by appointing Sun Ace as their new distributor for the Sub-Saharan Africa region


Under the new agreement Sun Ace will be responsible for the sales and distribution of Songwon’s products in the Sub-Saharan Africa region including the West African region (Nigeria, Ghana, Ivory Coast), Central Africa (Congo, Uganda), East African region (Kenya, Tanzania, Malawi) and South African region (Zambia, Zimbabwe, Namibia, Botswana, Mozambique and South Africa) Dieter Morath, Executive Vice President Global Sales and Member of the Songwon Industrial Group Executive Committee, said: “We are committed to continuously improve the quali... Read More »

Settlement completed by Boskalis and squeeze-out initiated of shares in Dockwise


Papendrecht, Breda, 20 March 2013 Reference is made to the Offer Document and the press release of 8 February 2013 in which Boskalis Holding B.V. (the Offeror), a wholly-owned subsidiary of Boskalis, launched a mandatory cash offer for all issued and outstanding ordinary shares of Dockwise (the Shares) at an offer price of EUR 18.50 / NOK 137.65 per Share cum dividend (the Offer). In the Offer, the Offeror received acceptances for a total of 22,675,948 Shares, amounting in aggregate to 57.20% of the total number of Shares. Settlement of p... Read More »

Kellogg Company Named As One Of World’s Most Ethical Companies By Ethisphere Institute


Kellogg Company announced today it has been named one of the 2013 "World's Most Ethical Companies" by the Ethisphere Institute, a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. This marks the fifth time Kellogg has been recognized with this honor. "A strong culture of ethics and corporate responsibility is part of our heritage, instilled more than a century ago by our founder, W.K. Kellogg," said Joh... Read More »

Shell announces Geelong Refinery for sale


The announcement underpins Shell’s local strategy to grow its retail and bulk fuels business, along with terminals and pipelines. Shell’s announcement recognises that other parties, with a different portfolio, may have a different strategy and want to enter or expand in the Australian refining market. Shell will be seeking a buyer who will show due care for employees, provide reliable supply for the company and its customers, and run the facility safely with respect for the environment and the Geelong community. The company’s efforts are tow... Read More »

TomTom nominates Toine van Laack as new Supervisory Board Member


 The Supervisory Board will also propose to the AGM the reappointment of Harold Goddijn and Marina Wyatt as members of the Management Board and the reappointment of Peter Wakkie as member of the Supervisory Board. In accordance with the Dutch corporate governance code, the term of the appointments will be four years. The appointments should become effective as of 23 April 2013. The Management Board will propose to the AGM to grant to the Stichting Continuïteit TomTom the right to subscribe for additional preferred shares up to 100% (currently ... Read More »

Intention to adjust Universal Service Obligation


27 March 2013 at 15:00 CET - The Hague – PostNL has decided to withdraw its application for compensation of the net costs in respect of 2011. The reason is that Dutch Minister of Economic Affairs, Henk Kamp, has announced the intention to adjust the statutory requirements for the Universal Service Obligation (USO). The package of measures could include increasing the range of postal rates as per 1 July 2013, which, in the first instance, could lead to an increase in the basic rate for letters of around € 0.06 starting that date. PostNL maintain... Read More »

KPN sells Infrastructure Services and Projects business to SPIE


KPN has reached agreement to sell its Infrastructure Services & Projects BV (“IS&P”) business to SPIE Nederland (“SPIE”) for an undisclosed consideration. IS&P is reported under KPN’s Business segment and generated revenues in 2012 of more than EUR 100 million with over 600 FTEs. IS&P focusses on the installation, management and maintenance of cabling infrastructures for data and voice connectivity and on-premise datacenters. Within SPIE, IS&P will form the basis of the new division SPIE Integrated Connectivity Solutions ... Read More »

Worldhotels launches latest branded hotel Worldhotel Bel Air The Hague


Worldhotels is announcing another addition to its growing portfolio of branded hotels: the Worldhotel Bel Air The Hague. The hotel is the second in the Netherlands to carry the Worldhotels name. The Worldhotel Bel Air The Hague has been with Worldhotels since 2009 and is located in the heart of the Statenkwartier area, opposite the Catshuis, the official residence of the prime minister, and within walking distance from the Gemeente Museum and the World Forum Convention Centre. The west-facing rooms and suites offer a sea view while those fac... Read More »

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