Portland Cement MD says corruption to blame for technical insolvency – Citizen TV (press release)

By Sophie Kinoti For Citizen Digital Published on  14 November 2016 East African Portland Cement (EAPCC) has set out to stamp out corruption from its operations to boost profitability. This comes in the wake of the cement maker dropping into a negative equity position with its liabilities exceeding the value of its assets. Also Read:…

Ukraine Lutsenko says court arrests Polishchuk’s Gulliver shopping center (UPDATED) – Kyiv Post

Shevchenkivsky District Court of Kyiv has seized the property of Viktor Polishchuk  the Gulliver shopping center, as part of the inquiry into the case on embezzlements in Bank Mykhailivsky, Ukraines Prosecutor General Yuriy Lutsenko has said. During the investigation of embezzlements within Bank Mykhailivsky, they established that the bank is owned by Ekosipan LLC, 92.5 percent…

Verso to consolidate corporate offices, restructure business units – Press Herald

Verso Corp., which operates a mill in Jay, is consolidating its administrative offices and restructuring the paper company into two divisions as it continues to seek ways to trim costs. The company intends to consolidate its corporate offices in Miamisburg, Ohio, the site of its former rival NewPages headquarters, early in 2017. Verso acquired NewPage…

The boutique bank Perella Weinberg is acquiring an energy-focused rival – Business Insider Australia

The boutique mergers-and-acquisitions shop Perella Weinberg Partners is buying Tudor, Pickering, Holt & Co. (TPH), a small energy-focused investment bank. TPHs energy practice will continue to operate under its name, while the combined entity will take on Perellas name. We recognise the preeminent role that TPH has built as an energy banker in North America,…