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Michael Foundethakis appointed Chair of Baker McKenzie's Africa Steering Committee

Global law firm Baker McKenzie has announced that Michael Foundethakis, Partner and Head of the Banking & Finance Practice in Paris, has been appointed Chair of the Firm's Africa Steering Committee (ASC). The ASC has the responsibility of shaping and implementing the Firm's global Africa strategy. Foundethakis is primarily involved in cross-border Project and Trade & Export Finance. His primary focus has always been on emerging markets, with a particular emphasis on s...
New York United States Al Qahirah United Arab Emirates France General South Africa

Apicorp Secures $108 Million To Acquire "Green" VLCCs | Hellenic Shipping News Worldwide

The Arab Petroleum Investments Corporation (APICORP), an energy-focused multilateral development financial institution, and the National Bank of Fujairah (NBF) signed a 5-year US $108 million debt finance facility with Hartree Maritime Partners, LLC (HMP), the shipping affiliate of Hartree Partners, a global energy and commodities firm, which will contribute to boosting maritime sustainability. The facility, ...
United Arab Emirates Al Fujayrah Ahmed Ali Attiga Vince Cook National Bank Hartree Maritime Partners

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Eagle Bulk Shipping Inc. Announces Dividend Policy, Share Repurchase Program and a USD 400 million Refinancing

Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, announced today that the Company has instituted a dividend policy and a USD 50 million share repurchase program in conjunction with the closing of a USD 400 million comprehensive refinancing (the “Refinancing”). Under the dividend policy, the Board ...
Gary Vogel Skandinaviska Enskilda Banken Supramax Ultramax Eagle Bulk Shipping Inc Nordea Bank Abp Agricole Corporate Investment Bank

United Bank For Africa Sues Energy Firm, Polaris Bank Over N2.8 Billion

The court adjourned till July 13, for hearing of the motion on notice. by SaharaReporters, New York Jul 08, 2021 A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance. Justice Daniel Osiaigor, who made the interim order...
Temilolu Adamolekun Justice Daniel Osiaigor Anike Isinguzo Gbenga Akinde Peters Titan Trust Bank Polaris Bank

Vestas signs new EUR 2,000 million sustainability-linked revolving credit facility

Aarhus, 29 April 2021 Vestas has signed a EUR 2,000 million revolving multi-currency credit facility with a group of leading banks. The facilitys margin will be closely linked to Vestas sustainability KPIs, and will support Vestas ambitions to accelerate the deployment of renewable energy, and drive technological innovation. The facility, which is available for general corporate purposes, including guarantees issuance in relation with wind power projects, carries a five-year tenor with two one-...
Societe Generale Lisa Ekstrand Skandinaviska Enskilda Banken Manita Dosanjh Marika Fredriksson Mathias Dalsten

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