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Key News from the Proactive Investors UK Newsroom:
Alternative fuels developer Quadrise Fuels International PLC (LON: QFI) has signed a Memorandum of Understanding with the Saudi group Al Khafrah, a private industrial group that aims to advance and provide MSAR fuel projects in the Kingdom . Al Khafrah will take up to 20% stake in a joint venture to market MSAR in Saudi Arabia.
Ithaca Energy Inc. (LON: IAE, CVE: IAE) will acquire Chevron's North Sea activities for USD 2 billion financed by debt. The transaction covers ten production fields and will increase Ithaca's reserves by 150% and 2019 production by 300%.
Cadogan Petroleum PLC (LON: CAD) achieved better flow rates after a long well test on the Blazh-10 well. Production reached 275 barrels a day and Cadogan decided to maintain this rate in order to bring the total production of the Ukrainian license to 500 barrels a day.
The renewable energy investor, Greencoat UK Wind PLC (LON: UKW), raised £ 375 million through an equity issue at 133p, in order to fund new additions to its growing portfolio of wind farms. As a result of the increase, Greencoat will have £ 575 million in outstanding loans, or 23% of the gross value of the badets.
FirstGroup (LON: FGP) has put its US Greyhound bus business on sale and intends to sell its first bus business in the UK. The group, which is under pressure from an active investor, Coast Capital, will retain its rail concessions.
Inmarsat Plc (LON: ISAT) has chosen Airbus' satellite division as an industrial partner for its new Global Xpress network. The partnership will bring a radical change in GX's capabilities, said the satellite operator.
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