Monday, 14 June 2010

Morning news wrap: 3i, BP, United Utilities, Petrofac

In the FTSE 100, United Utilities (LON:UU) has agreed to sell its principal non-regulated water interests in the United Kingdom and Europe to Veolia Water UK PLC for £174.2 million, consisting of £108.6 million in cash on completion and £65.6 million in net debt assumed by the buyer.
Private equity group 3i (LON:III) has made further market purchases of a total of £28,550,000 of 3i Group plc 3.625% Convertible Bond due 2011, which will now be cancelled.
Oil and gas engineering firm Petrofac (LON:PFC) has purchased TNEI Services Limited (TNEI) through the acquisition of its holding company New Energy Industries Limited for £7.5 million.
Oil and gas supermajor BP (LON:BP) said that in the first 12 hours of June 13 it collected ,720 barrels of oil and flared 16.9 million cubic feet of natural gas.
In AIM, African focused nickel and gold exploration and development junior Nyota Minerals (ASX&AIM: NYO) said that IFC has subscribed to shares worth £3.44 million and the funds have already been received by the company and will be used to accelerate he current drilling campaign at Nyota's flagship Tulu Kapi gold project in Ethiopia.
Russia focused copper and nickel miner Amur Minerals (AIM: AMC) has announced that nickel sulphide mineralisation has been exposed in a road cut located immediately to the south of the Ikenskoe deposit, which is the largest of the three drilled deposits within the Kun Manie exploration licence. The company said this find confirmed that Ikenskoe could be substantially larger than presently reported.

http://www.proactiveinvestors.co.uk/companies/news/17609/morning-news-wrap-3i-bp-united-utilities-petrofac-17609.html

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