PARIS: TotalEnergies (Paris:TTE) announced the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan…
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KONGSBERG to sell steering gear and rudder business Norvestor
OSLO: KONGSBERG has signed an agreement to sell its steering gear and rudder business, currently part of the Propulsion and Handling division in Kongsberg Maritime. This is in line with Kongsberg Maritime’s strategy towards decarbonisation of shipping with its integrated systems and increased focus on electrification and digitalisation of the entire product portfolio. “We are very pleased…
SPIE signs agreement to acquire 87% of Otto Life Science Engineering GmbH
PARIS, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the signature of an agreement to acquire c.87% of Otto Life Science Engineering GmbH in Germany. SPIE expects to close the transaction in Q3 2024, subject to customary closing conditions among which German antitrust approval. Gauthier Louette,…
EssilorLuxottica to acquire Supreme brand from VF Corporation for $1.5 billion
PARIS, FRANCE: EssilorLuxottica, a global leader in the optical industry, and VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, have entered into a definitive agreement for EssilorLuxottica to acquire the Supreme brand from VF for $1.5 billion in cash. Francesco Milleri, Chairman and Chief Executive Officer and Paul du…
BW Energy to acquire shares in Reconnaissance Energy Africa
OSLO, NORWAY: BW Energy has signed a Letter Agreement (LA) with Reconnaissance Energy Africa Ltd to acquire approximately 16.8 million common shares and 16.8 million warrants for a total consideration of USD 16 million in ReconAfrica’s announced equity raise. By participating in the equity raise, BW Energy will also receive a 20% non-operating interest in…
TotalEnergies and SSE to establish Source, a new major player in EV charging infrastructure
TotalEnergies (LSE:TTE) and SSE have signed a binding agreement to create a joint venture to establish a new major player in EV charging infrastructure in the UK and Ireland, under the brand “Source”
Eurazeo infrastructure fund held its final close at €706 million
Eurazeo announced that its maiden infrastructure program (comprising the Eurazeo Transition Infrastructure Fund – ETIF or Fund – and a co-investment vehicle) has held its final close at €706 million in aggregate commitments
Affluent Medical has signed several agreements with Edwards Lifesciences
PARIS: Affluent Medical has signed several agreements with Edwards Lifesciences related to Affluent’s structural heart products and technologies. Under the terms of these agreements, Affluent will receive EUR 15 million upfront as a cash payment including; An upfront payment of EUR 5 million for an exclusive option to acquire Kephalios, Affluent’s wholly owned subsidiary supporting…
TotalEnergies joins the Ruwais LNG project with 10% interest
TotalEnergies (LSE:TTE) joins, with a 10% interest, the Ruwais LNG project alongside national company ADNOC (60%), Shell (10%), bp (10%) and Mitsui (10%).
Amundi US to be combined with Victory Capital
PARIS: Amundi today announced that it has reached a definitive agreement. And Amundi US will be combined with Victory Capital. Amundi will become a strategic shareholder of Victory Capital with a 26.1% economic stake in Victory Capital. Both parties have entered into 15-year distribution and services agreements, which will be effective upon the closing of…
Virbac CEO Sébastien Huron resigns
Virbac announced the resignation of Sébastien Huron from his position as chief executive officer. He will leave the Virbac Group’s executive management by September 30
EMGS partners with Velocitas Geo Solutions for OBN seismic survey in Norway
OSLO, NORWAY: Electromagnetic Geoservices ASA has entered into an agreement for a fully pre-funded Ocean Bottom Node (OBN) seismic survey in the Barents Sea. This survey, which will be undertaken in collaboration with Velocitas Geo Solutions, marks EMGS’ first venture into seismic node projects. The survey, set to commence in the third quarter of 2024,…