OSLO, NORWAY: Norske Skog has entered into agreement with Talley’s Group, a New Zealand based company, to sell the Nature’s Flame pellets company for a consideration of approximately NZD 47.8 million approximately NOK 280 million). The transaction is expected to close during the first quarter of 2022. “Nature’s Flame is an excellent company producing high…
Author: Chenos Kahn
Elektroimportøren Holding to acquire Elbutik.se for upto SEK 292.5 million
OSLO, NORWAY: Elektroimportøren Holding AS has signed a Share Purchase Agreement (SPA) to acquire 100% of the shares of Elbutik Scandinavia AB and its sister companies (Elbutik.se) from Lades AB in a deal that may bring the aggregate purchase price up to SEK 292.5 million. Elbutik.se is Sweden’s largest online player in the market for electric installation material and…
Hamilton Global Opportunities raises €4.5mn from European investors
PARIS, FRANCE: Hamilton Global Opportunities successfully raised €4.5 million from European investors at a price of €49 per share which is in line with the closing price on 26 January 2022. These new resources strengthen the investment capacity of the listed vehicle Hamilton Global Opportunities to accelerate the deployment of its strategic investments in late…
Delta Drone to divest Parazero Technologies for A$6 million
SYDNEY, AUSTRALIA: Delta Drone International (ASX: DLT) has entered into a binding agreement to sell ParaZero Technologies, which operates the company’s drone safety business for a total consideration of A$6 million in cash. The buyers are a consortium of investors led by NASDAQ-listed Medigus Ltd and facilitated by Israeli venture capital firm L.I.A Pure Capital…
Truecaller to acquire Israeli company CallHero for $4.5mn
STOCKHOLM, SWEDEN: Truecaller has entered into an agreement to acquire the Israeli company CallHero. The agreed purchase price amounts to USD 4.5 million, of which USD 2.6 million will be paid in cash upon completion of the acquisition and USD 1.9 million through newly issued shares in Truecaller. The purpose of the issue of new…
Yara and Lantmännen sign commercial agreement for green fertilizers
STOCKHOLM, SWEDEN: Yara and Lantmännen are the first companies to sign a commercial agreement to bring fossil free green fertilizers to market. Produced with renewable energy, these green fertilizers are crucial for decarbonizing the food chain and offering consumers more sustainable food choices. Yara, a leading global fertilizer producer, and Lantmännen, northern Europe’s leading agricultural…
BerGenBio appoints Anders Tullgren as Chairman of Board
BERGEN, NORWAY: BerGenBio ASA, a clinical-stage biopharmaceutical company, announced today the appointment of Anders Tullgren to succeed Sveinung Hole as Chairman of the Board of Directors, effective Thursday. Sveinung Hole has been Chairman of the Board since March 2019 and will continue to serve as a Board Member. Anders Tullgren has over 35 years of…
Bakkafrost buys canned fish producer, Munekbo
OSLO, NORWAY: Bakkafrost has acquired 90% of the shares in Munkebo Seafood A/S, engaged in production of canned fish at the factory in the city of Munkebo in Denmark, a news release noted on Monday. The deal was jointly made with Michael Karlsen, who has been the General Manager of Munkebo Seafood for the past many years. The…
Rio Tinto to acquire Rincon Mining lithium project for $825mn
SYDNEY, AUSTRALIA: Rio Tinto has agreed to acquire Rincon Mining Pty Limited, which owns the Salar del Rincón Project in Argentina; and Lithium Extraction Technologies (Australia) Pty which holds certain intellectual property which may be applied in conjunction with lithium projects. Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project…
Sanofi to acquire Amunix Pharmaceuticals in a $1.225bn deal
PARIS, FRANCE: Sanofi has entered into an agreement to acquire Amunix Pharmaceuticals Inc, an immune-oncology company. Amunix’s pipeline, which includes lead candidate, AMX-818, a masked HER2-directed TCE, offers a strong strategic fit with Sanofi’s focus on developing potentially transformative cancer therapies in immuno-oncology. Under the terms of the agreement, Sanofi will acquire Amunix Pharmaceuticals for…
Praemium to sell international business to Morningstar for £35mn
MELBOURNE, AUSTRALIA: Praemium Limited (ASX: PPS), a global leader in the provision of technology platforms, has entered into an agreement to sell 100% of its operations in United Kingdom, Jersey, Hong Kong and Dubai (International Business) to Morningstar Inc. The consideration for the transaction will comprise cash of £35 million ($AUD 65.1 million), subject to…
Danica Pension sells its Norwegian business to Storebrand
OSLO, NORWAY: Danica Pension has announced the sale of its Norwegian activities to Norwegian financial group Storebrand. With the sale, Danica Pension is focusing its business further and is now in an even stronger position to develop the best pension solutions for its customers in Denmark. “Our customers in Denmark will benefit from an even…