Mega share capital increase of €4 billion by PPC
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Mega share capital increase of €4 billion by PPC

In raising funds through a 4 billion-euro MFF through full marketed offer to finance the new Strategic Plan 2030, PPC Group progresses. The new Strategic Plan 2030 concerns the exploitation of development opportunities through an investment plan of some €24 billion. PPC aims at almost doubling its installed power to 24.3 [...]

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Launched near $102 Brent after Iran seized ships in the Straits of Hormuz
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Launched near $102 Brent after Iran seized ships in the Straits of Hormuz

Prices of crude oil were launched Wednesday, with Brent over $100 a barrel, reaching $101.91, while West Texas Intermediate closed at $92.96, with an increase of over 3%. The increase was caused by the occupation of two container transport ships by the Guards of the Iran Revolution in the Straits of Hormuz. Despite the extension of the truce by Donald Trump, oil flows remain intermittent and the US retain Iran's naval blockade, as peace talks collapsed.

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