Commodity Inflation Squeezes Profits for Wind Giant Vestas gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.
Vestas secures €2bn credit facility renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
Aarhus, 29 April 2021
Vestas has signed a EUR 2,000 million revolving multi-currency credit facility with a group of leading banks. The facility s 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-year extension options, replacing Vestas undrawn EUR 1,150 million revolving credit facility signed in 2017.
The successful transaction, concluded following the assignment of a strong credit rating of Baa1 from Moody´s, underlines a growing confidence in Vestas continued financial and operational transformation, as well as in the significant projected growth of renewable energy in the near future.
Sandvik s Annual General Meeting 2021
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SANDVIKEN, Sweden, April 27, 2021 /PRNewswire/ Sandvik AB s Annual General Meeting was held on 27 April 2021.
In view of the COVID-19 pandemic, the Annual General Meeting was conducted without the physical presence of shareholders, representatives and third parties, and shareholders were only entitled to exercise their voting rights by postal voting before the Meeting. The Company arranged an on-line event the day before the Annual General Meeting to give shareholders the possibility to listen to presentations by President and CEO Stefan Widing and Chairman of the Board Johan Molin and ask them questions. A recording of these presentations will be made available on the Company s website home.sandvik.
Industrivärden, AB: Communiqué from Industrivärden s 2021 Annual General Meeting
Industrivärden s Annual General Meeting (AGM) was held on April 21, 2021, at which the following resolutions were made, among other items of business. In light of the ongoing corona pandemic and in order to minimize any risk of spreading of the corona virus, the Annual General Meeting was held only through postal voting in accordance with temporary legislation.
The AGM voted in favor of the proposal to pay an ordinary dividend of SEK 6.25 per share (0.00) and an extra dividend of SEK 2.00 per share.
Pär Boman, Christian Caspar, Marika Fredriksson, Bengt Kjell, Fredrik Lundberg, Annika Lundius, Lars Pettersson and Helena Stjernholm were re-elected as directors on Industrivärden s Board. In addition, Fredrik Lundberg was re-elected as Chairman of the Board.