Erdinc ERGENC’s Post

MP Evans Group plc (MPE) , the sustainable palm oil producer, has acquired a 5% minority stake in its Indonesian subsidiary trading companies. The total cost of the acquisition was $14 million based on a price of US$9,000 per planted hectare and was funded from existing cash reserves. However, cash outflow was $6 million as the sum was netted off against a loan the seller had with MPE. This purchase was made by PT Evans Indonesia, the group’s subsidiary and included estates at Kota Bangun, Pangkatan, Bumi Mas, Musi Rawas, and Simpang Kiri. The seller was Praba Madhavan PA Madhavan. After this transaction, the only remaining minority interest is a 10% stake in the Group’s Bangka estate. More at #Proactive #ProactiveInvestors #MPEvans #palmoil http://ow.ly/yApZ105vlW4

Al Cook wants to be unshackled from what he portrays as a limiting factor to be owned by Anglo American, Anglo American wants to get rid of De Beers and now Botswana wants Anglo to sell De beers as soon as possible so everyone is on the same page. It is all Anglo American's fault of doing a poor job running De beers. From what I can see, the worst decision that was made by the Anglo American board is to appoint Al Cook as CEO unless Duncan Wanblad has been micro-managing De beers. I do not have any insider information on the workings of how decisions are made by De beers but based on what I have read about the "Origins" strategy announced in drips and drabs out of JCK, Al Cook appears to be a lost soul. He is going to exit CVD manufacturing for jewellery by Element Six but he will be keeping Lightbox on life support. For how long ? They will defer a decision on how to supply Lightbox with CVD in about a years time while they sell off inventory on hand. So they have a lot of inventory ! Lightbox will try to sell off what they have to consumers but not what consumers may want to buy. Shutting Lightbox is off the table. Does Al really understand the retail business ? There are many ways to get rid of excess inventory other than having a year-long "Going Out of Business" sale. It is demoralising for the Lightbox staff and it is not what "meeting consumer needs" is all about. Al Cook claims Lightbox polished CVD is Made in America. Is it really ? The last I heard colour treatment and polishing are done in India. Now De beers will also sell polished loose diamonds under the De Beers brand name on top of opening a mega De beers Jewelers store in Paris and expanding Forevermark in India and China. Oh yes, it will also carry out generic advertising to sell natural diamonds. Does Al have no budget constraints ? Can they afford to promote their own branded diamonds and jewellery and also support the retailers ? De beers business model is getting more and more complicated with each new pivot. I do hope that Al Cook will get his chance to run a listed company so the market can teach him about the need for discipline. He is being insulated right now. As I have suggested, he should go back to B school if he likes the glamour of retailing so much. Reading the tea leaves, maybe someone should be in charge of De Beers even before it is sold. From my perspective the great "Origins" plan is much a do about nothing. No hard decisions have been made on such a simple matter such as Lightbox. What further testing do they need to carry out to admit that Ligthbox was a big mistake. Why drag out the agony ? I would not rule out Al Cook deciding that Element 6 will revive growing CVD for jewellery in a few months. I am not Mckinsey, Bain or Boston Consulting Group so no one may choose to listen to me.

Contingent deal terms (think "if this, then that") sound great in theory, but drafted incorrectly these terms may just push disagreements to the future. From ambiguous triggers to gameable conditions, avoiding traps and pitfalls in these agreements is a high-stakes game of skill. Our latest article by Ankura JV expert Lois Fernandes helps you navigate these creative deal terms like an expert 👉 https://ankura.co/3LSn8xO. #Ankura #DealMaking #jointventure #contingentdeals #jvdeals #jvpitfalls

Experiencing new things and implementing innovative ideas in the real estate sector is our #1 goal at Trandiing. Because we believe that to reach new areas you should try whole new methods. JOIN the change, Set Meeting Now trandiing.com | Trust the system #trandiing #branding #marketing #business #developer #brokers #brokerage #realestate #newcapital

by Erez Jacob Rivlin, diamond market analyst and consultant. Served as an advisor to the Russian Government (Minister Bychkov), and to the late Angolan President dos Santos. De Beers is heading for what will probably be its second consecutive year of net losses. That's beyond alarming for any business entity, even one which is, like De Beers, operating under extremely tough market conditions. Last month parent company Anglo American rejected a $49bn takeover bid by Australian mining giant BHP. Some of Anglo's shareholders, led by BlackRock, advocated for the takeover, but others objected, probably relying on its positive cashflow and a healthy $6bn in financial reserves - more than enough to hold to De Beers and Anglo's other activities. A New Boss in Town But even the most caring parent sometimes has to show tough love. De Beers' joint venture promoting natural diamonds with US-based Signet jewelers and its announcement that it will no longer produce synthetic diamond production, are tactical steps in the right direction. But De Beers' management doesn't call the shots. It's up to Anglo to decide on the overall strategy and how much money it wants to invest in any rescue plan. Distributing profit to shareholders is a simple business fundamental. But the idea of shareholders putting money into a business is a reversal of roles. The real boss now is whoever is accountable for the allocation of precious reserves to nurse the sick child back to good health. Meet Mr. Duncan Wanblad, Anglo CEO and, for the time being, the most important person in the diamond industry.... https://lnkd.in/e3NufXwN

EKINCILER DEMIR VE CELIK SAN. A.S. Demir Çelik is going public The company reported that 40 million lots will be offered in this process and 10 million lots will be sold by the company's shareholders. The free float was determined as 16.25%. IPO details and shareholders Within the scope of the public offering of Ekinciler Demir ve Çelik, shareholders Namık Kemal Ekinci, Faruk Ekinci, Haluk Ekinci, Tarık Ekinci, Neziha Ekinci and Sıdıka Baytan will each offer 1,713,972 lots, İlker Eker, İlkay Eker and Soner Eker will each offer 571,324 lots and Recep Ekinci will offer 2,196 lots of shares. Of the proceeds from the public offering, 60% will be allocated to renewable energy investments, 30% to raw material supply and working capital financing, 5% to scrap processing and preparation plant investments, and 5% to billet boiling and coiling system investments. Click for more ➡ https://lnkd.in/eYuY_R8g TR ➡ https://lnkd.in/eP6BE5ah

Buyer Group International, Inc. Announces Cancellation of 1 Billion Shares Reducing the Total Outstanding Common Shares by 12% Link to Full News Release : https://lnkd.in/eS3mrPyP? Buyer Group International Inc. CEO David Bryant commented, "As part of our ongoing commitment to increasing shareholder value, I am pleased to announce that, through legal process, we have successfully reduced the number of outstanding shares while reducing the float, as well as our exposure to unscrupulous outside influence. This was a huge win for both the BYRG team and our loyal investors. We are gradually removing previous mistakes and replacing them with critical components worthy of the shares and success they offer. This decision represents our confidence in the company's future potential as well as our commitment to providing long-term value to our shareholders. By removing these shares from the market, we hope to improve the attractiveness of BYRG as a long term play, improve our stock price and make our company an even more appealing investment for private investors supporting Project Shambhala. We appreciate your ongoing trust and support as we take these important steps forward. Stay tuned for further information as we await a major permitting decision and the findings of the USGS magnetic and radiometric survey completed during the Medicine Bow Mountains flyover in summer 2023. Furthermore, we will continue making consistent progress in reducing the total number of outstanding Buyer Group shares, which will increase value for all of our shareholders." #Wyoming #News #Update #StepbyStep #Progress #ShareholderValue #Invest #America

This landmark case is noteworthy not only because it is one of the most significant mergers in the Turkish fuel industry but also because it marks the first time the Turkish Competition Authority has employed the “catchment area” methodology explicitly. Although the Authority has previously used a similar approach for supermarket and grocery mergers, this case differs in its conceptualization of the catchment area, or isochrone framework.   Over the last ten years, a significant number of mergers assessed by the CMA and OFT have involved an analysis of local market concepts. Notable examples include Acadia/Priory (2016), Lloyds/Virgin Active (2017), Cygnet/CAS (2017), Sainsbury’s/Asda (2019), and AMC/Odeon (2017). Additionally, the CMA’s Retail Mergers commentary has provided a pragmatic approach for conducting catchment analysis and addressing potential methodological challenges.   To my knowledge, the European Commission has also applied this approach in cases such as HeidelbergCement/Schwenk/Cemex Hungary/Cemex Croatia (2004), Cargill/ADM Chocolate Business (2016), Carlyle/Schön Family & Klinik (2016), and PKN Orlen/Grupa Lotos (2020).   While this methodology comes with several “buts”, “caveats” and “question marks”, I will not delve into them in this post. Instead, I suggest that we may anticipate a more frequent use of local market-level competition analysis, particularly in sectors such as supermarket chains, petrol stations, betting shops, pubs, gyms, kindergartens, pharmacies, and cinemas, where the local dimension of competition can influence parameters like price, quality, range, and service differently than at the broader or national level.   Also congrats my colleagues for their intensive effort in this case.  

Nordic Iron Ore is hiring - Thanks to the successful capitalization can we now take the next step towards a producing mine, says Ronne Hamerslag, CEO of mining company Nordic Iron Ore AB Iron Ore. The successful capitalization that the CEO refers to is a directed share issue just before midsummer 2024. It included around 31 million shares at a subscription price of SEK 5.3 per share. Corresponding to a total of approximately SEK 163 million. - With that money in the coffers, we can now start building the organization, says Ronne Hamerslag and adds: - We are very grateful for the support and trust that our new and existing shareholders have shown us through this investment. Their high quality, including the international commodities trader Cargill as well as a commodities specialist fund Svelland Capital, enables us to continue our preparatory activities for the planned mining operation. The staff the company is looking for right now are in leading and strategic positions within the company such as Technical Director, Director Environment, Health and Safety and Director Purchasing. In addition, they are looking for a Chief Geologist, a Logistics Manager as well as Senior Project Managers, Process Engineers and Mining Engineers. - We hope to be able to fill the positions in the autumn to accelerate our work with technology and profitability studies, continues Ronne Hamerslag, who himself became employed at NIO in 2022. The plans to open the mine in Blötberget in Ludvika kommun have been going on for a long time and according to Ronne Hamerslag, the mining industry is a patience-testing industry, but that it is "only a matter of time" before the mine can be opened for mining iron ore and contribute to the transition to a fossil-free steel industry. - In a little over a year, we expect to start hiring more staff for the construction of the mine and the upcoming start of production. We are on our way, but it takes time, Mr Hamerslag concludes. #investindalarna #sustainablemining https://bit.ly/4fKrIf9

Despite Jokowi's pride in nickel mining and its downstreaming, the environment and local residents have suffered significant consequences. In Halmahera, JATAM documented the current situation, with a particular emphasis on the large-scale nickel industrial operations that are managed by IWIP and a number of integrated companies that supply nickel ore to IWIP. Our primary concern is the multifaceted violence that locals are forced to endure. These include the deprivation of clean water and food, the deteriorating health of Halmahera residents, the devastation caused by the deforestation, and the various forms of criminalization and intimidation that local communities and mining workers face as a result of the operation of nickel mines. Read our whole report here: https://lnkd.in/gEq8_j2u In English version: https://lnkd.in/gF_4D2is