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Latest Essar Group Stories

2014-07-09 16:30:50

NEW YORK, July 9, 2014 /PRNewswire/ -- AGC Holdings Limited ("Aegis" ), a wholly owned portfolio company of Essar Global Fund Limited ("Essar Fund") has entered into a definitive agreement with Teleperformance to sell Aegis USA Inc. ("AUI"), a major outsourcing company in the United States, the Philippines and Costa Rica. The consideration for the transaction is US$ 610 million. Aegis will continue to retain the remainder of the BPO business globally across India, Sri Lanka,...

2014-07-07 08:30:38

DALLAS and MUMBAI, July 7, 2014 /PRNewswire/ -- - Third Time Aegis Wins the Honors From Indo-American Chamber of Commerce for an Aggressive Growth Strategy in USA - Also Acknowledged With the Excellence in Corporate Social Responsibility (CSR) - With More Than 95% of its Workforce Indigenous in Nature, Aegis Employs Over 5000 People Across 8 Centers in USA Aegis Limited, a global outsourcing and technology services company, today announced that the...

2014-07-01 08:24:12

- Cheniere completes contracting for Corpus Christi Liquefaction Trains 1 & 2 HOUSTON, July 1, 2014 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its subsidiary, Corpus Christi Liquefaction, LLC ("Corpus Christi Liquefaction"), has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with PT Pertamina (Persero) ("Pertamina") under which Pertamina has agreed to purchase approximately 0.76 million tonnes per...

2014-06-30 08:24:21

- Cheniere and Woodside sign SPA for LNG sales from Corpus Christi HOUSTON, June 30, 2014 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its subsidiary, Corpus Christi Liquefaction, LLC ("Corpus Christi Liquefaction"), has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with Woodside Energy Trading Singapore Pte Ltd ("Woodside") under which Woodside has agreed to purchase approximately 0.85 million tonnes per...

2014-06-27 16:21:33

HIBBING, MN, June 27, 2014 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML") announced today that it has obtained the requisite consents from the holders of its $450,000,000 aggregate principal amount outstanding of 11.500% Senior Secured Notes due 2020 (the "Notes") pursuant to its previously announced consent solicitation. Accordingly, the Supplemental Indenture and the Amendment to the Escrow Agreement (each as defined in the Notice of Consent Solicitation dated June 23, 2014 (as...

2014-06-26 00:20:29

Company and USW Local 2724 ratify collective agreement SAULT STE MARIE, ON, June 25, 2014 /PRNewswire/ - ESSAR Steel Algoma Inc. announced today the Company and USW Local 2724, the union representing the Company's technical, professional and front line management employees, have ratified a collective agreement. Members of Local 2724 voted today in favour of the new agreement which comes into effect August 1, 2014 for a twenty month term. This early agreement recognizes the...

2014-06-23 08:23:18

HIBBING, MN, June 23, 2014 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML") announced today that it commenced a solicitation of consents (the "Solicitation") from holders of its $450,000,000 aggregate principal amount outstanding of 11.500% Senior Secured Notes due 2020 (the "Notes") upon the terms and subject to the conditions set forth in the Notice of Consent Solicitation dated June 23, 2014 (the "Notice"). The Solicitation will expire at 5:00 p.m., New York City time, on June...

2014-06-20 20:20:28

Tentative agreement unanimously recommended by USW 2724 bargaining committee SAULT STE. MARIE, ON, June 20, 2014 /PRNewswire/ - Essar Steel Algoma Inc. and USW, Local 2724 representing the Company's salaried employees announced today that a tentative agreement has been reached. This tentative agreement has been unanimously recommended by the USW Local 2724 bargaining committee. Special Membership meetings will be held on Tuesday, June 24, 2014 Marconi Hall Ballroom "C" at 8am, 12...

2014-06-16 20:20:39

SAULT STE. MARIE, ON, June 16, 2014 /PRNewswire/ - As part of Essar Steel Algoma Inc.'s ("Algoma") refinancing and recapitalization efforts, Algoma has entered into confidential discussions with investors representing approximately seventy per cent of the 9.875% US$385mn senior unsecured notes. Algoma also has executed non-disclosure agreements and is engaged in discussions with advisors representing an ad hoc group of holders of 9.375% US$400mn senior secured notes. The purpose of...

2014-06-02 12:24:15

HIBBING, MN, June 2, 2014 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML") categorically denies that Essar Global Fund Limited ("EGFL"), ESML's ultimate shareholder, is considering selling the business, contrary to recent media reports. ESML's President and CEO, Madhu Vuppuluri, commented: "We are very pleased to have closed $450 million of bond financing for ESML in the last few weeks. At this significant milestone we look forward to completing ESML's world class 7 million tonnes...


Word of the Day
reremouse
  • A bat.
The word 'reremouse' comes from Middle English reremous, from Old English hrēremūs, hrērmūs ("bat"), equivalent to rear (“to move, shake, stir”) +‎ mouse.
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