SAINT-CLOUD, FRANCE: In the presence of the President of the French Republic, Emmanuel Macron, and Sheikh Mohammed ben Zayed Al Nahyane, Crown Prince of Abu Dhabi and Vice-Commander of the Armed Forces of the United Arab Emirates (UAE), Eric Trappier, Chairman and CEO of Dassault Aviation, signed a historical contract with Tareq Abdul Raheem Al Hosani,…
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Gjensidige Forsikring acquires Falck Räddningskår for SEK 1.4bn
OSLO, NORWAY: Gjensidige Forsikring ASA has agreed to acquire 100 per cent of the shares in Falck Räddningskår AB, including subsidiaries in Norway, Finland, Estonia and Lithuania from Falck Investment Sverige AB (a subsidiary under Falck A/S), for SEK 1.4 billion, a bourse filing said. Closing is expected to take place in Q1 2022, subject to customary…
Celyad Oncology sells 28.8% shares to Fortress Group for $32.5mn
BRUSSELS, BELGIUM: Celyad Oncology SA has entered into a subscription agreement with an affiliate of Fortress Investment Group for the private placement of 6.5 million ordinary shares for gross proceeds of USD 32.5 million (about EUR 28.7 million). The subscription will take place within the framework of the authorized capital and it is expected to…
Bureau Veritas 2025 strategy aims to take value creation to the next level
NEUILLY-SUR-SEINE, FRANCE: Bureau Veritas is today hosting its Investor Day (see connection details on page 4) during which Didier Michaud-Daniel, Chief Executive Officer, François Chabas, Executive Vice-President, Finance, Eduardo Camargo, Executive Vice-President, Group Transformation & Business Development, Ségolène de Rose, Senior Vice-President, Group Strategy and M&A and Helen Bradley, Executive Vice-President, Human Resources, will present the Group’s 2025…
Option plans to obtain Helium certification by mid-January 2022
LEUVEN, BELGIUM: Crescent N.V. announced that Option, a brand of Crescent, aims to become a third-party manufacturer of Helium hotspots and has submitted Option’s premium CloudGate LoRaWAN gateway for certification in the Helium Network, one of the world’s first and rapidly expanding peer-to-peer LoRaWAN networks. U.S.-based Helium launched ‘The People’s Network’, a global, distributed network…
Majorel Luxembourg enters Croatia, further extends nearshore capabilities
LUXEMBOURG: Majorel Group Luxembourg has entered a new country – Croatia – further extending its nearshore delivery capabilities in the EMEA region. The new site in Zagreb, Croatia’s capital city, is expected to bring hundreds of new jobs to the region, primarily serving Majorel’s Global Internet clients. A key factor in Majorel’s location strategy is…
Exclusive Networks acquires Africa-based Networks Unlimited
PARIS, FRANCE: Exclusive Networks, a cybersecurity specialist for digital infrastructure, has completed its acquisition of Networks Unlimited. Networks Unlimited is a major regional value-added distributor serving 38 national markets in Africa with cybersecurity and infrastructure solutions. The acquisition establishes Exclusive Networks’ first presence in sub-Saharan Africa, expanding its global footprint and providing new opportunities for…
Royal Dutch Shell commences $1.5 billion of share buybacks
AMSTERDAM: Royal Dutch Shell commenced up to $1.5 billion of share buybacks, being the first tranche of the $7 billion shareholder distributions from the sale of the company’s Permian business in the United States. The form and timing for distributing the remaining $5.5 billion (together with any unpurchased amount of the $1.5 billion of shares…
Production started at Quantafuel’s new recycling line in Kristiansund
OSLO, NORWAY: With a strong demand for high-quality recycled plastic material, Quantafuel completed the new sorting line and are on track with the expansion of recycling plant in Kristiansund. “We have successfully been feeding plastic in the new sorting line since mid-November,” a news release noted. Quantafuel’s recycling plant in Kristiansund has now completed its…
Residential solar marketplace, Otovo launches in Germany
OSLO, NORWAY: Otovo, Europe’s leading marketplace for residential solar, has launched in Germany. In the span of 12 months Otovo has successfully launched in three new European markets: Poland (Dec 2020), Italy (Apr 2021), and now Germany (Dec 2021). With the German launch, Otovo consolidates its position as Europe’s leading marketplace for solar installations for…
Akropolis Group buys Alfa Shopping Centre in Riga, Latvia
LONDON, UK: Akropolis Group has completed the acquisition of a major shopping centre Alfa in Riga, Latvia. The transaction was closed on 30 November by acquiring 100% shares in SIA Delta Property, the holder of Alfa shopping centre. “The expansion of shopping and entertainment centres is a challenge during the pandemic, so we are pleased…
Adevinta complete sale of Gumtree UK and Motors.co.uk
OSLO, NORWAY: Adevinta ASA has completed the sale of Gumtree UK and Motors.co.uk to a consortium consisting of O3 Industries, a New York-based family investment fund, and Novum Capital, a private equity firm based out of Frankfurt. The sale is part of a previous agreement with the UK’s Competition and Market Authority (CMA) for approval…