Transaction Reports Musco Sports Lighting Ferrostaal in
joint venture with Musco Sports Lighting
Legal advisor to Ferrostaal:
Ferrostaal in joint venture with Musco Sports Lighting
Legal advisor to Musco Lighting:
One of the world’s leading providers of lighting solutions for sports grounds and large areas, Musco Sports Lighting (Oskaloosa, Iowa, United States), and the international industrial services provider, Ferrostaal Industrial Projects (Essen, Germany) have founded a joint venture company, Musco Ferrostaal GmbH. The objective of the joint venture is to design, supply and install lighting systems for industrial plants and sports grounds in continental Europe. The new company is based in Bottrop, Germany.
Musco Sports Lighting equips building complexes, industrial plants, logistics facilities and the most famous sporting venues in the world with energy- efficient lighting solutions. These include the White House in Washington, D.C., Jebel Ali Port in Dubai, 2012 London Summer Games, Yankee Stadium in New York, Centre Court in Wimbledon, London and O2 World in Berlin.
Musco Sports Lighting has nearly 40 years of leading the market with cutting-edge products and services. We provide complete lighting solutions, custom-designed to provide the best lifetime cost for the owner and to meet the needs for participants, spectators and television broadcasts,” said Jeff Rogers, President of Musco World. “We have worked on several projects in Europe over the past 20 years and our partnership with Ferrostaal allows us to build upon and strengthen that foundation.”
Dr. Klaus Lesker, Managing Director of Ferrostaal Industrial Projects explained “The new joint venture combines the expertise and extensive product portfolio of Musco Lighting with the established distribution network of the Ferrostaal Group. This will enable us to generate joint projects in Europe, and also South America and Asia”
Niel Petroleum
Niel Petroleum US$25 million share acquisition
Legal adviser to Niel Petroleum:
Niel Petroleum US$25 million share acquisition
New World Oil and Gas Plc (New World), the oil and gas operating, exploration and development company focused on Belize and Denmark, recently announced the proposed issue to Niel Petroleum S.A. (Niel Petroleum) of 2,184,897,959 Subscription Shares to Niel Petroleum S.A. for an aggregate consideration of US$25 million or 0.735p per Subscription Share and a proposed loan of US$25million from Niel Petroleum.
Legal adviser to New World Oil and Gas plc:
The proposed deal reflects Niel Petroleum’s strategy to develop a large and diversified portfolio of early stage oil and gas assets principally in Africa, and its intention to grow its business both through organic growth and investment in companies, such as New World, which could be based in Africa, Europe or Central America.
Leading international law firm Holman Fenwick Willan advised Niel Petroleum on the transaction.
New World Oil and Gas Plc is an oil and gas operating company with three highly prospective projects in Belize and Denmark. The company has a highly experienced Board with proven track records in identifying, operating and developing E&P oil and gas projects.
Niel Petroleum is a Luxembourg junior oil and gas company with a geographical focus on the African continent. It was formed to take over the oil and gas business and assets of Niel Natural Resources Investments SA (NNRI) in order to rationalize the NNRI asset base.
Based in Luxemburg, NNRI is an investment company dedicated to the creation of value through exploration and development of natural resources projects. Until recently, NRRI held both Mining and Oil & Gas assets. The split of ownership of the assets between Mining (NNRI) and Oil & Gas (Niel Petroleum) was designed to help manage and create value more efficiently.
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