UNITED ARAB EMIRATES: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced the acquisition of Allianz Marine and Logistics Services Holding Limited by its managed funds. The transaction is one of the…
PARIS, FRANCE: International beauty packaging manufacturer and provider Quadpack is investing over €6 million at its German manufacturing facilities in Kierspe, to meet increased market demand. The investment will go towards the creation of a decoration centre and the expansion…
HELSINKI, FINLAND: Stora Enso has initiated a sales process for a possible divestment of four paper production sites. In line with Stora Enso’s strategy, paper is not a strategic growth area for the Group. The divestment intent is aligned with…
OSLO, NORWAY: The Board of Directors of Scatec ASA has appointed Terje Pilskog (51) as the company’s new Chief Executive Officer. Raymond Carlsen (67) will step down after 13 years and the change will take place on 1 May. Terje…
OSLO, NORWAY: Mainstream Renewable Power, the global renewable energy company, announced that Mitsui & Co., Ltd. has agreed to invest EUR 575 million in Mainstream in the form of new common shares, corresponding to a 27.5 percent equity stake in…
OSLO, NORWAY: Aker Carbon Capture has signed a Memorandum of Understanding (MoU) with Microsoft to pursue joint innovation and explore opportunities to offer services in the Carbon Capture, Utilization and Storage (CCUS) market. Aker Carbon Capture and Microsoft will demonstrate…
UNITED ARAB EMIRATES: SHUAA Capital (DFM: SHUAA), the leading asset management and investment banking platform in the region, has completed a strategic investment in UAE-based fintech, Souqalmal. The investment will provide growth capital, allowing Souqalmal to execute on an ambitious…
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) has announced its intention to float on the Dubai Financial Market (DFM) offering 3.25 billion shares, representing 6.5% of DEWA’s issued share capital. All shares to be offered represent sale of existing shares held…
OSLO, NORWAY: Atea Denmark has entered an agreement to acquire KMD’s hardware and infrastructure software business. The acquired business sells hardware and standard software to customers primarily in the Danish market. The business has 24 employees across three office locations…
PARIS, FRANCE: Kering Eyewear, a global Luxury group that develops a series of renowned Houses in Fashion, Leather Goods and Jewelry, has signed an agreement to acquire Maui Jim Inc., one of the world’s fastest-growing high-end eyewear companies. Founded in…
PARIS, FRANCE: Schlumberger has expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the development and deployment of enterprise-scale AI and digital solutions, in the context of…
OSLO, NORWAY: Due to unaffordability of operations in the current energy environment i.e. high energy prices, temporary downtime has been initiated at the Bruck paper mill in Austria. The new boiler scheduled for start-up in April is expected to contribute…