UPM has entered into an agreement with Blue Energy Europe for the supply of heat for its Hurth mill in Germany. BEE will acquire a biomass boiler, turbine and generator from a closed UPM site and transfer the components to a site near the Hurth mill.
China’s Anbang Insurance Group has agreed to acquire Strategic Hotels & Resorts Inc. for around $6.5 billion, as the owner of New York’s iconic Waldorf Astoria expands its U.S. hotel portfolio, a person briefed on the matter said Saturday. The...
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