OSLO: SeaBird Exploration Plc, a leading provider of marine seismic acquisition services, announced today that it has signed a letter of intent to merge with Energy Drilling Pte Ltd, a premier tender-assisted drilling provider, in a share-for-share acquisition. The combined company will be a diversified offshore oil and gas services provider with strong cash flows…
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Mutares completes acquisition of Buderus Edelstahl
BERLIN: Mutares SE & Co. KGaA has finalized the acquisition of Buderus Edelstahl GmbH from voestalpine AG. The acquisition will enhance Mutares’ Engineering & Technology segment as a new platform investment. Founded in 1731, Buderus Edelstahl GmbH specializes in high-quality special steels, including tool steel, engineering steel, open-die forgings, closed-die forgings, hot-rolled strip, cold-rolled strip,…
CARMAT secures €9.7 million in global offering
PARIS: CARMAT, a leading designer and developer of the world’s most advanced total artificial heart, announced the completion of its global offering, raising a total of €9.7 million. Of this amount, €8.6 million was subscribed by specialized investors and €1.1 million by retail investors via the PrimaryBid platform. Stéphane Piat, Chief Executive Officer of CARMAT,…
LACROIX to sell City-Mobility segment to SWARCO Group
PARIS: LACROIX has announced the sale of its City-Mobility segment to the SWARCO group, following exclusive negotiations that began on December 12. The transaction is expected to be completed in the first quarter of 2025. The sale includes the Traffic and V2X business units, which generated €27.3 million in revenue in 2023, representing 3.6% of…
Maurel & Prom enters agreement to acquire 40% interest in Sinu-9 Gas License in Colombia
PARIS: Maurel & Prom S.A. (“M&P”) announced Monday that it has signed a letter of intent with NG Energy International Corp. (“NG Energy”), a company listed on the TSX Venture Exchange of Toronto, to acquire a 40% operated working interest in the Sinu-9 gas license in Colombia for $150 million, effective February 1, 2025. Olivier…
Hamilton Global Opportunities increases investment in Exos Financial, completes investment in Antaria Holding
PARIS: Hamilton Global Opportunities plc (Paris: ALHGO) has announced that it has increased its investment in Exos Financial by subscribing to a convertible loan note, raising its total commitment to the US-based financial institution platform to $9 million. Additionally, HGO has completed a €4 million investment into Antaria Holding (Ireland) Limited. Exos Financial, founded in…
Mobilize acquires stake in Free To X to expand Italy’s high-power charging network
PARIS: Mobilize, a Renault Group brand dedicated to new mobilities, and Free To X, a subsidiary of Autostrade per l’Italia, have announced a transaction that aims to accelerate the deployment of a high-power charging network across Italy. Through this project, Mobilize is set to acquire a significant stake in Free To X, Autostrade per l’Italia’s…
Bureau Veritas acquires Versatec Energy to bolster renewables push
PARIS, FRANCE: Bureau Veritas, the global testing, inspection, and certification giant, announced today the acquisition of Versatec Energy B.V., a Dutch technical advisory firm specializing in the offshore and onshore energy sectors. This strategic move aligns with Bureau Veritas’ LEAP | 28 strategy, aiming to strengthen its foothold in the rapidly growing renewables market and underscore…
Saint-Gobain and Boralex sign a long-term renewable electricity purchase agreement in France
PARIS: Boralex Inc. (TSX: BLX) and Saint-Gobain (EPA: SGO) have announced the signing of a 20-year renewable electricity purchase agreement (“Power Purchase Agreement” or PPA) in France, involving three power plants developed, built, and operated by Boralex. The combination of wind and solar technologies will provide Saint-Gobain’s industrial operations in France with a renewable electricity…
InPost has acquired remaining 70% stake in Menzies for £60.4 million
AMSTERDAM: InPost Group has acquired the remaining 70% stake in Menzies Distribution Limited in an all-cash transaction valued at £60.4 million. The transaction concerns Express and Newstrade segments. The third segment, MDS, responsible mainly for full load transport and warehousing was demerged from Menzies and is not the part of the transaction. It will continue…
Wilh. Wilhelmsen Holding increase stake in Treasure ASA to 84.09%
BRUSSELS: Wilh. Wilhelmsen Holding ASA has bought a further 7 shares in Treasure ASA for a total consideration of NOK 201 million (USD 19 million). Following the latest transaction, Wilh. Wilhelmsen Holding ASA owns 172 million shares in Treasure ASA, representing 84.09% of the shares issued. Founded in Norway in 1861, Wilhelmsen is now a…
TotalEnergies will supply 200,000 tons per year of LNG to HD Hyundai Chemical until 2033
PARIS: In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the signing of a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027. Thanks to this agreement, with prices indexed…