Archive for the ‘Finance’ Category

EU Commission Approves € 100 Million Aid for the Port of Augusta

EU Commission Approves € 100 Million Aid for the Port of Augusta On 20 December, the European Commission approved €100 million financial support for the Port of Augusta, in Sicily under EU state aid rules. The aid will be granted by Italy for an infrastructure investment project of €145, 33 million,...
December 21st, 2012 | European Union, Finance, Ports & Terminals | Read More

HSH Nordbank finances another large solar farm in France

Lars Quandel HAMBURG/KIEL For the sixth time this year HSH Nordbank has successfully provided finance for a solar farm in France: the Pompogne portfolio consists of four sub-farms in the region of Aquitaine, near Bordeaux and the Atlantic coast, and was arranged and structured together with BayernLB....
December 13th, 2012 | Energy, Finance | Read More

HSH Nordbank refinances for AAE large fleet of railway carriages

HAMBURG/KIEL HSH Nordbank is providing AAE Ahaus Alstätter Eisenbahn AG, a long standing client, with a major part of a refinancing. With these funds the Swiss company operates a fleet of 4, 830 freight carriages, which serve as the principal collateral for the financiers. In total, the transaction...
December 4th, 2012 | Finance, Logistics | Read More

HSH Nordbank refinances Newcastle Airport

HSH Nordbank closes second European airport finance deal within four weeks HAMBURG/KIEL HSH Nordbank is acting as one of the mandated lead arranger to pro-vide Newcastle Airport with approximately EUR 62 million to refinance existing bank liabili-ties. Ahead of this HSH Nordbank supported the airport’s...
November 26th, 2012 | Aviation, Finance | Read More

DVB Group: Sound operating performance during the first nine months of 2012 – Total income up 6.2%, to €262.7 million

Wolfgang F. Driese Consolidated net income before IAS 39 and taxes rose to €125.6 million – a remarkable 7.8% year-on-year increase. Once again, the volatile net result from financial instruments in accordance with IAS 39 weighed on income before taxes which – as a result – declined...
November 14th, 2012 | Finance | Read More

HSH Nordbank successfully places Schuldschein for HGV

Amount placed EUR 376 million Amount announced oversubscribed due to strong demand HSH Nordbank sole arranger HAMBURG/KIEL –HSH Nordbank has successfully carried out a Schuldschein (promissory note) transaction for HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmana-gement...
November 9th, 2012 | Finance | Read More

New HSH Nordbank solar project in France

 Long-term finance for 12 MWp solar park in Gironde region. HAMBURG/KIEL – This year HSH Nordbank has once again successfully obtained an order to finance renewable energy projects in France: The Bank has assumed the long-term fi-nancing of the “Solarpark de Béguey” with an output...
November 8th, 2012 | Energy, Finance | Read More

HSH Nordbank and UniCredit finance port operator in Rostock

HSH Nordbank and UniCredit finance port operator in Rostock
Dr. Marcus Kleiner HSH Nordbank and UniCredit are making available EUR 50 million as Senior Debt Facilities to SHRU Holding GmbH & Co. KG, the shareholder of Seehafen Rostock Umschlagsgesellschaft mbH. SHRU Holding, which forms part of the Euroports Group, is the leading company for cargo handling,...
November 7th, 2012 | Finance, News, Ports & Terminals | Read More

HSH Nordbank finances another solar farm in France

“Avon-les-Roches” with a total capacity of 10. 8 MWp HAMBURG/KIEL After recently providing funding for part of the largest solar farm in Europe, in Toul, HSH Nordbank is now financing a further major project in the region, “Avon-les-Roches”. This solar farm, which was developed by the utility...
October 24th, 2012 | Energy, Finance | Read More

HSH Nordbank’s first-half results strained by worsening shipping crisis

Group net income of EUR 70 million as of the end of June Progress made in the Core Bank’s client business reflected in substantial growth in new business. Heavy strain exerted by further deterioration in shipping, substantial increase in loan-loss provisions No swift improvement expected in...
September 1st, 2012 | Finance, Shipfinance | Read More

Marco Polo Seatrade exits Chapter 11

Marco Polo Seatrade and its affiliated companies have obtained final approval of their Plan of Liquidation from the New York Bankruptcy Court overseeing the Chapter 11 case. The plan was unanimously approved by all Marco Polo creditors, and the Court entered the final order at the confirmation hearing...
August 14th, 2012 | Company Profiles, Finance, Legal | Read More

DVB Group posts a marked increase in consolidated net income before IAS 39 and taxes for the first half of 2012

Wolfgang Driese DVB increased its consolidated net income before taxes (and excluding net result from financial instruments in accordance with IAS 39) by 36.6%, to €91.1 million (H1 2011: €66.7 million). Wolfgang F. Driese, CEO and Chairman of the Board of Managing Directors, commented on DVB’s...
August 8th, 2012 | Banking, Finance, Shipfinance | Read More

HSH Nordbank finances solar park with 24.1 MWp output

HAMBURG/KIEL Having already financed five solar parks in Lombardy and Emilia-Romagna with a total capacity of 10.5 MWp (megawatt peak) in June of this year, HSH Nordbank is now providing the finance for a further major project in Italy. The most recent project is a solar park at three sites in the Lazio...
July 6th, 2012 | Energy, Finance | Read More

UN proposes mechanisms to raise $400 billion to close gap on development financing needs

Robert Vos of the UN Department of Economic and Social Affairs, launches report at press conference. UN Photo/D. Berkowitz 5 July 2012 – In a major report, the United Nations today proposed a series of financial mechanisms to raise $400 billion annually for development needs, as many donor countries...
July 5th, 2012 | Finance | Read More

HSH Nordbank successfully places Schuldschein for HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH

HSH Nordbank successfully places Schuldschein for HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH  Placement volume of EUR 550 million Order book closed prematurely due to strong demand Pricing at the lower end of the subscription range HAMBURG/KIEL HSH Nordbank has successfully...
June 12th, 2012 | Finance | Read More

HSH Nordbank off to a solid start to financial year 2012

Dr. Paul Lerbinger Group net income accounts to EUR 128 million in the first quarter Positive result before restructuring influenced by special items Robust performance in the Core Bank’s client business, new business doubled Tier 1 capital ratio strengthened further to 14.5 percent Chairman of...
May 24th, 2012 | Banking, Finance | Read More

New horizons in trade finance

Matthew Parish The market for financing commodities trades, long dominated by a handful of European banks, is becoming more restrictive. Major players have been tightening rules to exclude certain categories of commodities deals and reduce trade finance as a proportion of their total book of business. The...
April 5th, 2012 | Finance, Trade and Commerce | Read More

HSH Nordbank financing wind farms in France

Hamburg/Kiel, 19 January 2012 – HSH Nordbank is financing three wind farms in France involving total loans of EUR 39 million for BNP Paribas Clean Energy Partners GP Ltd. The wind turbines will have capacity to generate total power of about 35 megawatts. Two farms, Coudrays and Bois Ballay in the Berry...
January 19th, 2012 | Energy, Finance | Read More

HSH Nordbank financing solar power plant in Eggebek

 Hamburg/Kiel, 12 December 2011 – HSH Nordbank is successfully participating in the financing of a large solar power plant in Germany. It has structured project finance amounting to nearly EUR 100 million for investment company Aquila Capital. Since 2009, Aquila Capital has realised more than...
December 12th, 2011 | Energy, Finance | Read More