Latest news with #bidding
Yahoo
6 hours ago
- Business
- Yahoo
Brazil judge rejects Maersk request to alter $1 billion port auction
By Luciana Magalhaes SAO PAULO (Reuters) -A Brazilian judge has rejected a request by Danish shipping group Maersk to suspend a bidding process for the Tecon 10 terminal at Brazil's Port of Santos pending its call for a review to allow firms already operating there into the first phase. Maersk filed a lawsuit last month against Brazil's marine transport authority (Antaq), calling for corrections to the bidding process to build and run the new megaterminal at Latin America's largest port, as first reported by Reuters. Incumbent companies are barred from the first round of bidding for the contract for the terminal, which is expected to require 5.6 billion reais ($1.0 billion) of investment. Judge Paulo Cezar Neves Junior said he did not see any illegality in the way the marine authority designed the auction and noted that Brazil's federal audit court is also analyzing the bidding process. He therefore denied Maersk's injunction request, citing the absence of an imminent risk that would warrant judicial intervention. In a statement, Maersk said on Wednesday that the ruling, issued on Tuesday, referred to a request for a new public consultation and did not cover its questions over the guidelines barring incumbent operators from the auction's first phase. The company said it would consider an appeal and other "appropriate measures". According to the current bidding rules, if no valid proposals are received in the first phase of the auction, operators of existing container terminals at Santos can bid in subsequent rounds, provided they divest their other holdings in the port complex. The marine authority did not immediately reply to a request for comment. The restrictions clear the path for new companies, including Asian rivals or local players such as JBS Terminais, the recently established port operating unit of Brazilian meatpacker JBS. JBS Terminais declined to comment on the matter.
CNA
15 hours ago
- Automotive
- CNA
COE premiums for cars mostly unchanged; prices up for commercial vehicles and motorcycles
SINGAPORE: Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise on Wednesday (Jul 23). For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$101,102 (US$79,115), unchanged from the last exercise. Premiums for larger and more powerful cars in Category B fell slightly to S$119,101 from S$119,600. COEs for commercial vehicles, which include goods vehicles and buses, rose to S$68,600 from S$66,689 in the previous bidding exercise. Motorcycle premiums closed at S$9,511, up from S$9,389 in the last exercise. Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, rose to S$120,000 from S$118,500. A total of 4,480 bids were received, with a quota of 3,059 COEs available.
The Sun
3 days ago
- Business
- The Sun
Leeds United ready to sell Emile Heskey's relative in £10m deal to raise money for Rodrigo Muniz transfer
LEEDS want a bidding war for forward Mateo Joseph. The Elland Road club are after £10million for the 21-year-old Spain Under-21 striker. 3 3 3 That was proving too rich for Real Betis but fellow LaLiga side Celta Vigo are in the mix, armed with cash from the sale of Fer Lopez to Wolves. Leeds need to boost their kitty to make a new bid to land Fulham's Brazilian hitman Rodrigo Muniz, 24. Joseph's father is a cousin of former England striker Emile Heskey, but despite his dad's English family, Joseph was born in Spain. The 21-year-old grew up in Santander, where he joined the academy of LaLiga 2 outfit Real Racing Club. After impressing in their youth set-up, Joseph left home at just 13 to move to the city of Barcelona and join the academy at Espanyol. The centre-forward spent six years with the Catalan club before leaving Spain for Leeds United when his deal with Espanyol expired in 2022. Since joining Leeds, the 21-year-old has been a mainstay in the team. Last season, he played 39 Championship games, scoring three goals as Leeds secured promotion back to the Premier League. But promotion means they must now invest heavily and are looking to cash in on the Spain Under-21 striker to fund other deals. BEST ONLINE CASINOS - TOP SITES IN THE UK They have been strongly linked with Fulham's Brazilian hitman, Muniz, and even though the player is open to a move, they must meet Fulham's £50million asking price. In the last two seasons, all six teams promoted from the Championship faced relegation, and Leeds manager Daniel Farke is determined to build a team that avoids the same fate. They have already agreed a deal for £17.4m with Hoffenheim midfielder Anton Stach.
The Guardian
12-07-2025
- Business
- The Guardian
Sports CEO Timothy Leiweke charged in Texas arena bid-rigging scheme
A prominent sports executive has been criminally charged with organising a conspiracy to ensure his own company won the bid to build a $388m sports arena in Texas. Timothy Leiweke, the former president of the Denver Nuggets basketball team and former CEO of MLSE, which owns Toronto's major sports franchises including the Leafs and Raptors was charged on Wednesday by a federal grand jury. He resigned as chief executive of the company at the center of the case, Oak View Group (OVG), after the announcement. Spokespeople for Leiweke, 68, issued a statement maintaining he had 'done nothing wrong and will vigorously defend himself and his well-deserved reputation for fairness and integrity'. Investigators allege that Leiweke spent a period from February 2018 to at least June 2024 conspiring with a competitor's CEO to 'rig the bidding for the development, management and use' of the Moody Center, at the University of Texas at Austin. Leiweke allegedly struck a deal that the rival firm would agreed to avoid bidding on the Moody Center in exchange for OVG providing it with the project's subcontracts. OVG went on to construct the building after submitting the sole bid and the Moody Center opened in 2022. The company 'continues to receive significant revenues from the project to date', the US justice department said in a statement. Leiweke could face up to 10 years in prison and a fine of $1m or more if convicted. A statement from Abigail Slater, an assistant attorney general at the justice department's antitrust division, accused Leiweke of having 'deprived a public university and taxpayers of the benefits of competitive bidding' to boost his company's bottom line. She said federal officials would always strive 'to hold executives who cheat to avoid competition accountable'. Christopher Raia of the FBI said in a statement that 'public contracts are subject to laws requiring an open and competitive bid process to ensure a level playing field', adding: 'The FBI is determined to ensure those who disregard fair competition principles do not benefit from a rigged bidding process targeting our communities and public institutions.' Leiweke was president of the Nuggets from 1991 to 1995 before becoming CEO of the Anschutz Entertainment Group (AEG), whose holdings include the Los Angeles Kings hockey team and Los Angeles Galaxy soccer club. After leaving AEG in 2013, he was CEO and president of Canada-based MLSE, whose holdings include Toronto's major sports franchises. He co-founded OVG, based in Denver, and became its CEO in 2015. Among OVG's upcoming construction projects was a new arena at Louisiana State University (LSU). Officials at the university reportedly told The Advocate newspaper that they are reviewing how the charges against Leiweke may affect the new arena project.
The Guardian
11-07-2025
- Business
- The Guardian
Sports CEO Timothy Leiweke charged in Texas arena bid-rigging scheme
A prominent sports executive has been criminally charged with organising a conspiracy to ensure his own company won the bid to build a $388m sports arena in Texas. Timothy Leiweke, the former president of the Denver Nuggets basketball team and former CEO of MLSE, which owns Toronto's major sports franchises including the Leafs and Raptors was charged on Wednesday by a federal grand jury. He resigned as chief executive of the company at the center of the case, Oak View Group (OVG), after the announcement. Spokespeople for Leiweke, 68, issued a statement maintaining he had 'done nothing wrong and will vigorously defend himself and his well-deserved reputation for fairness and integrity'. Investigators allege that Leiweke spent a period from February 2018 to at least June 2024 conspiring with a competitor's CEO to 'rig the bidding for the development, management and use' of the Moody Center, at the University of Texas at Austin. Leiweke allegedly struck a deal that the rival firm would agreed to avoid bidding on the Moody Center in exchange for OVG providing it with the project's subcontracts. OVG went on to construct the building after submitting the sole bid and the Moody Center opened in 2022. The company 'continues to receive significant revenues from the project to date', the US justice department said in a statement. Leiweke could face up to 10 years in prison and a fine of $1m or more if convicted. A statement from Abigail Slater, an assistant attorney general at the justice department's antitrust division, accused Leiweke of having 'deprived a public university and taxpayers of the benefits of competitive bidding' to boost his company's bottom line. She said federal officials would always strive 'to hold executives who cheat to avoid competition accountable'. Christopher Raia of the FBI said in a statement that 'public contracts are subject to laws requiring an open and competitive bid process to ensure a level playing field', adding: 'The FBI is determined to ensure those who disregard fair competition principles do not benefit from a rigged bidding process targeting our communities and public institutions.' Leiweke was president of the Nuggets from 1991 to 1995 before becoming CEO of the Anschutz Entertainment Group (AEG), whose holdings include the Los Angeles Kings hockey team and Los Angeles Galaxy soccer club. After leaving AEG in 2013, he was CEO and president of Canada-based MLSE, whose holdings include Toronto's major sports franchises. He co-founded OVG, based in Denver, and became its CEO in 2015. Among OVG's upcoming construction projects was a new arena at Louisiana State University (LSU). Officials at the university reportedly told The Advocate newspaper that they are reviewing how the charges against Leiweke may affect the new arena project.
