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Watermark unit sale to complete next month

Watermark Global expects the sale of its subsidiary, Western Utilities Corporation, to Capricorn Investment Holdings to complete on or around 11 June following regulatory delays.

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18/05/2012

Georgian Railway net profits up 16%

Georgian Railway's first quarter revenues rose by 2% to GEL105.8m while net profits increased by 16% to GEL33.1m.

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18/05/2012

Yara executives charged by Økokrim

Two members of Yara's corporate executive management team have been charged by Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim).

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18/05/2012

Moody's downgrades Endesa credit rating

Moody's has downgraded Endesa's long-term credit rating from SA3, with a negative outlook to SBaa1, with stable outlook.

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18/05/2012

BlueStar inks distribution deal with Psion

Mobile computing solutions manufacturer Psion has signed a distribution deal with BlueStar.

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18/05/2012

Cherkizovo and Grupo Fuertes sign cooperation deal

Russia meat producer Cherkizovo Group has signed a cooperation agreement with Spain's Grupo Fuertes.

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18/05/2012

Ukraine Opportunity Trust to cancel warrants

Ukraine Opportunity Trust expects outstanding warrants to be cancelled on 8 June.

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18/05/2012

Asterand revenues flat

Asterand's revenue for the period to the end of March was flat although the mix has changed with the Tissue business improving and BioSeek declining.

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18/05/2012

PKN ORLEN issues bonds to Anwil

PKN ORLEN has issued PLN20m of short term bonds to its subsidiary, Anwil.

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18/05/2012