OSLO: Glamox, a Norwegian industrial group, has signed an agreement to acquire 100% of the shares in the Norwegian company Luminell Group AS, a news release said. Established in 2010, Luminell has achieved a strong position as a high-quality developer and supplier of floodlights, searchlights, and lighting controls in the marine and offshore lighting market.…
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ABN AMRO agrees to pay EUR 480 million in anti-money laundering investigation settlement in the Netherlands
AMSTERDAM: ABN AMRO Bank N.V. has accepted a settlement offer from the Dutch Public Prosecution Service (DPPS) in connection with the previously announced investigation by the DPPS into ABN AMRO’s compliance with its obligations under the Dutch Anti-Money Laundering and Counter Terrorism Financing Act (Wet ter voorkoming van witwassen en financiering van terrorisme, AML/CTF Act)…
Korian acquires IPDL
PARIS: Korian, the leading European care services group, has acquired Intensivpflegedienst Lebenswert GmbH (IPDL), a leading German intensive care company currently implanted in southern Germany (Baden-Württemberg and Bavaria). IPDL offers ‘gold standard’ care (as recognised by MDK) through intensive one to one care in the homes of the patients, four community care centres, three of…
SES Signs MoU with Kazakhstan Government to accelerate the Digital Kazakhstan project
PARIS: The Republican Center for Space Communications (RCSC) Kazakhstan and SES have signed a Memorandum of Understanding (MoU) to explore service agreements for satellite-enabled, high-speed connectivity services using SES’s O3b mPOWER communications system in Kazakhstan to accelerate the Digital Kazakhstan project. Under this memorandum of understanding, Republican Center for Space Communications (RCSC) will explore utilising…
Carsten Egeriis appointed CEO of Danske Bank A/S
OSLO: The Board of Directors of Danske Bank A/S has appointed Carsten Egeriis as Chief Executive Officer. He replaces Chris Vogelzang, who has informed the Board that he wishes to resign from his position. This follows a decision by the Dutch authorities to name him a suspect in connection with their investigations of potential violations…
Sikri Holdings acquires Ambita AS in a NOK 950 million deal
OSLO: Sikri Holding AS has entered into a binding agreement with the Norwegian Ministry of Trade, Industry and Fisheries (NFD) regarding the acquisition of Ambita AS. The agreed enterprise value is NOK 950 million per 31 December 2020 (purchase price NOK 962.8 million). NOK 50 million of the purchase price will be settled by a…
Sanofi completes acquisition of Kiadis Pharma
AMSTERDAM: Sanofi has completed the acquisition of Kiadis, a clinical-stage biopharmaceutical company developing next generation ‘off-the-shelf’ NK cell-therapies, a news release said. Kiadis’ proprietary platform is based on allogeneic or ‘off-the-shelf’ NK-cells from a healthy donor. NK-cells seek and identify malignant cancer cells and have broad application across various tumor types. The platform has the…
Spanish technology company, FacePhi lands in Vietnam
PARIS: FacePhi maintains its momentum in Asia with the signing of a new agreement with Pinetree Securities, the digital leading finance company specialized in online investment services in Vietnam. This project represents the entry of Spanish technology into the Vietnamese market, marking a new milestone in its rapid expansion across the Asian continent, just two…
Cyviz to jointly develop Microsoft Technology Centers in Europe and Asia
REDMOND: Microsoft Corporation has selected Cyviz to jointly design, develop and deliver next-generation visual collaboration solutions for Microsoft Technology Centers (MTC) worldwide. Microsoft will standardize on the Cyviz Easy Software Platform to deliver impressive customer experiences and in-depth technical engagements enabling digital transformation. Cyviz and Accenture to deliver next-generation visual collaboration solutions for Expo 2020…
Alstom to supply 20 trains for Region of Lombardy in Italy for €125 million
PARIS: Alstom has signed a contract with FERROVIENORD for the supply of 20 regional trains intended for the regional railway service of the Region of Lombardy for a total value of €125 million, a news release said. This is the second contract within a framework agreement signed in November 2019 with FNM S.p.A.. The trains…
HEINEKEN to be carbon neutral in production by 2030
AMSTERDAM: HEINEKEN, world’s most international brewer, announced a new ambition to decarbonise its own production by 2030 and its full value chain by 2040. This is the first in a series of refreshed Brew a Better World ambitions, which form an important part of the company’s new EverGreen balanced growth strategy. “In this Decade of…
DNB Bank to launch cash offer for 100% shares of Sbanken ASA
OSLO: DNB Bank ASA has reached an agreement with Sbanken ASA to launch a recommended voluntary cash tender offer for 100% of the shares of Sbanken. A cash consideration of NOK 103.85 will be offered per share, which implies a total consideration for all the Shares of approximately NOK 11.1 billion (based on 106,869,333 shares…