Tag Archives: assets

Scythian Announces Strategic Sale of Latin American and Caribbean Assets in $193,000,000 Deal to Aphria TSX Venture…


Sale of Assets Transforms Scythian Into a Highly Liquid and Well Capitalized Company with Over $200 million in Cash and Marketable Securities on Hand

Allows for Additional Transactions in Line with Scythian’s Strategic Transformation to a Global Cannabis Leader

TORONTO, July 17, 2018 (GLOBE NEWSWIRE) — Scythian Biosciences Corp. (the “Company” or “Scythian”) (TSXV:SCYB) (Frankfurt:9SB) (OTC – Nasdaq Intl:SCCYF) is pleased to announce that it has entered into a strategic deal with Aphria Inc. (TSX:APH) (“Aphria”), a leading global cannabis company, for Aphria to acquire Scythian’s Latin American and Caribbean assets. It is expected that the Company’s strategic relationship with Aphria will provide leverage for early stage investments in emerging international markets.

Read More


Conoco to depose Citgo in hunt for PDVSA’s Caribbean assets | News


By Liz Hampton

HOUSTON (Reuters) – ConocoPhillips moved to bring Venezuelan PDVSA’s U.S. refining unit Citgo Petroleum into its legal battles to enforce a $2 billion arbitration award against the South American country’s nationalization of its Venezuelan assets.

A U.S. district court judge in Houston on Thursday ruled Conoco can depose Citgo as preparation for a court case against PDVSA and others over alleged asset transfers in the Caribbean that Conoco claims were designed to frustrate its efforts to obtain payment under an International Chamber of Commerce (ICC) award.

Citgo declined to comment, citing a policy regarding ongoing litigation.

Conoco is pleased with the court’s decision, spokesman Daren Beaudo said in a…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Market Rout Sends African Assets From the Rand to Bonds Reeling


The emerging-market sell-off is taking a heavy toll on Africa.

The continent’s bonds and stocks are being hammered more than those in most other regions amid a rout that’s wiped over $1 trillion off developing nations’ equity markets this quarter and sapped confidence from Brazil to China.

Africa’s status as the world’s fast-growing continent after Asia has done little to spare it, as traders’ appetite for higher yields wanes and they rush to cut exposure to the riskiest markets. The downturn, triggered by investor concerns over a strengthening dollar and rising U.S. Treasury rates, has accelerated as tensions worsen between Washington and Beijing over trade.

Since the end of March, African Eurobonds,…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Chevron's (CVX) South African Assets: Bidding War Heats



Chevron Corporation 's CVX South African asset divestment recently witnessed a new turn of events, as competition among the bidders became …
Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

South African Assets Tumble as Ramaphosa’s Growth Pledge Palls


The rand weakened, yields on benchmark bonds rose and retail and banking stocks fell as a report showed that South Africa’s economy shrank the most in nine years in the first quarter, casting a pall over President Cyril Ramaphosa’s promise to boost growth.

Ramaphosa, who replaced Jacob Zuma in February, has pledged measures to fuel the economy, boost employment and attract investment after four years in which output never managed to expand more than 2 percent annually. But the latest data show he has a mountain to climb: gross domestic product contracted an annualized 2.2 percent in the first quarter of the year compared with the prior three months.

Read More: South Africa Economy Contracts in First Quarter as Mines Decline

“We’ve seen the ‘Ramagloss’ rub off and…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

South African court unfreezes Gupta family assets | CGTN Africa


A South African court ordered the unfreezing of assets worth around US$20 million belonging to the Gupta family, local media report.

The Guptas – said to be strong allies of former president Jacob Zuma – are accused of corruption by a graft watchdog, which said they used their influence to gain control of state companies and contracts.

The three Gupta brothers, accused by the public anti-graft watchdog of using their friendship with Zuma to influence policy and amass wealth, have however denied any wrongdoing, as has Zuma.

As part of an investigation into theft, fraud and money laundering at a state-backed dairy project in the Free State province meant to benefit the local community, prosecutors in April obtained a court order to freeze money in back accounts and other assets…

Read More

*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.