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Songwon announces global price increases for its range of Polymer Stabilizers and Specialty Antioxidants

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Recent cost escalations in key raw materials combined with the need to reach profitability that supports reinvestment have made the increase inevitable. Within the Polymer Stabilizers product range, the increase will apply primarily to SONGNOX® 6260, SONGNOX® 6280, SONGNOX® 2590, SONGNOX® PTBP, SONGNOX® 1077 and SONGNOX® 6180 as well as to AO FR and AO RD within the Specialty Antioxidants product range. About Songwon Industrial Co., Ltd. Songwon Industrial Co., Ltd. is a leading producer and seller of Songnox® Antioxidants, Songnox® O... Read More »

Successful launch of Dexia Crédit Local EUR 1.5 billion inaugural government guaranteed transaction

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Going out with a spread guidance of OLO + 30 basis points, the issue quickly gathered momentum with a primary order book reaching more than EUR 1 billion from around 50 different investors mainly from Germany, France and the UK. With a final order-book close to EUR 1.7 billion, Dexia Crédit Local achieved a highly granular transaction with almost 80 accounts participating. This enabled the issuer to price a successful EUR 1.5 billion benchmark. France and the UK represented the largest investor groups in terms of volume with 29% and 28% resp... Read More »

Impacts of applying the IFRS 13 accounting standard on the consolidated results of the Dexia Group as at 30 June 2013

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Applying this accounting standard, and in order to comply with the principles of derivative valuation most commonly used on the market, as from its H1 2013 closing Dexia Group will use a discount curve based on a daily rate (OIS)1, allowing calculation of the net asset value of collateralized derivatives. At the same time, Dexia will adapt its methodology in measuring Credit Value Adjustment (CVA)2 and will recognize a Debit Value Adjustment (DVA)3. These changes of the parameters used for the valuation of derivatives will lead, in the first... Read More »

Delhaize Group, disclosure of major shareholding

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On June 7, 2013, Silchester International Investors LLP notified Delhaize Group that as of June 6, 2013 Silchester International Investors LLP owned 10 167 223 Delhaize Group shares, representing 9.98% of its voting rights. This is a decrease of 75 338 shares compared to the previous notification of ownership of 10 242 561 shares received on October 22, 2012. Silchester International Investors LLP is controlled by Silchester Partners Limited, which holds over 90% of its capital interests. Stephen C. Butt, Silchester’s Chairman and Chief Inve... Read More »

Disclosure made according to the requirements of the Law of 2 May 2007

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According to its obligation under article 14 of the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies, Anheuser-Busch InBev publishes the content of the notification that it has received. Date: Notification of 26 June 2013  Reason for the notification: downward crossing of the threshold of 3%  Notification by (ultimate parent company of several legal entities with common voting policy): BlackRock, Inc. 55 East 52nd Street , New York, NY 10055, USA  Denominator: 1,607,209,135 shares  Date th... Read More »

Delhaize Group announces agreement on sale of Sweetbay, Harveys and Reid’s

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Delhaize Group announces that it has signed an agreement with Bi-Lo Holdings to divest its Sweetbay, Harveys, and Reid´s operations for $265 million in cash. As part of the transaction, Bi-Lo Holdings will also acquire leases for 10 prior Sweetbay locations. Delhaize will retain Sweetbay’s distribution center. In 2012, the 165 stores included in the transaction generated revenues of approximately $1.8 billion. “We would like to thank the associates of Sweetbay, Harveys, and Reid´s for their ongoing commitment and accomplishments throughout t... Read More »

Songwon has appointed Cord Manegold as global business manager Main Antioxidants and Blends

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Cord will report to Olivier Keiser, Executive Vice President Business Management and Member of the Songwon Industrial Group Executive Committee, and will be responsible for the core business segment Main Antioxidants and Blends within the Songwon portfolio. His goal will be to lead this business and to build on the success created to date in this highly competitive market. Olivier Keiser commented: “We are very excited to have Cord on our team. With his past experience in different parts of a company’s value chain as well as on the customer in... Read More »

Rob Duchateau wins DPI Invention Award 2013

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On 20 June 2013 Rob Duchateau (47), Chief Scientist at SABIC and part-time Associate Professor at the Technical University Eindhoven (the Netherlands), received the DPI Invention Award 2013. Jacques Joosten of the Dutch Polymer Institute handed out the award during the biannual conference of the European Polymer Federation (EPF) in Pisa, Italy, from 16 to 21 June 2013. The award was granted for Duchateau’s scientific output in the last years and for his application of fundamental knowledge in polymer applications and properties. ... Read More »

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