BERGEN, NORWAY: Bergen Carbon Solutions has signed a Letter of Intent (LoI) to develop a business relationship with a major Japanese company where the overall goal is to create, and bring to market a “ready to use” additive solution that can be used in the anode-graphite for lithium-ion based batteries globally. The solution aims to…
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BW Offshore to sell 7.8% holding in BW Energy
OSLO, NORWAY: BW Offshore Limited (BWO) has retained Citigroup Global Markets Limited and Pareto Securities AS to explore a potential block sale of existing shares in BW Energy Limited (BWE) through a private placement. BW Offshore Limited is contemplating selling 20 shares in BWE Energy, representing approximately 7.8 per cent of the shares outstanding in…
GASCADE choses Smartoptics for multiservice Data Center Interconnect
OSLO, NORWAY: Smartoptics Group, a leading provider of optical networking solutions, announced that German gas transport company GASCADE Gastransport GmbH, has chosen Smartoptics’ open line system for multiservice Data Center Interconnect (DCI). The new solution is based on Smartoptics’ DCP -M40-PAM4-ZR and transports 10G, 40G as well as 8G and 16G Fiber Channel (FC) traffic…
TotalEnergies spending €200mn to equip highway stations with EV charging
PARIS, FRANCE: TotalEnergies will allocate up to €200 million over a year to equip more than 150 of its motorway and expressway service stations with high-power charge points for electric vehicles. This major investment is intended to support the growth of electric mobility in France: By end-2021, 60 motorway service stations will be equipped with high-power…
Shell announces absolute emissions reduction target of 50% by 2030
AMSTERDAM: Royal Dutch Shell announced an absolute emissions reduction target of 50% by 2030, compared to 2016 levels on a net basis. This covers all scope 1 and 2 emissions under Shell’s operational control and is another strategic milestone on our path to becoming a net-zero emissions energy business by 2050, in step with society….
TechnipFMC and Saipem enter into a global commercial agreement
PARIS, FRANCE: TechnipFMC and Saipem have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients. The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects where the combination of the companies’ complementary world-class assets, technologies, products and…
MDxHealth plans IPO in the United States
HERSTAL, BELGIUM: MDxHealth SA, a commercial-stage precision diagnostics company, is launching a registered initial public offering (IPO) of 3.75 million American Depositary Shares (ADS), each representing 10 ordinary shares of the company with no nominal value per share. In connection with the Offering, MDxHealth intends to grant the underwriters a 30-day option to purchase additional…
Fertiglobe, first free zone company, commences trading on ADX
AMSTERDAM: Fertiglobe has become the first free zone company to list onshore in the UAE, with trading in the shares to commence on the Abu Dhabi Exchange (ADX) on Wednesday. The Initial Public Offering (IPO) was oversubscribed more than 22 times in aggregate, and 32 times for the Qualified Investor tranche (excluding cornerstone investors). OCI…
Lleida.net finalizes purchase of inDenova for 7.1mn euros
PARIS, FRANCE: Lleida.net has finalized the purchase of 100% of inDenova stock for 7.1 million euros, a bourse filing said. The contract was inked between representatives of both companies, following a due diligence process that has taken place over the last few months. As part of the transaction, Lleida.net assumes as financial debt of 1.6 million euros. The…
Bank Norwegian Group posts profits
OSLO, NORWAY: The Bank Norwegian Group reported profit after tax in the third quarter of NOK 276.1 million compared with NOK 367.8 million in the second quarter and down from NOK 500.6 million in the same quarter last year. The decrease from the previous quarter is mainly caused by higher administrative expenses from provision for…
Immobel launches a public offer of green notes in Belgium
BRUSSELS, BELGIUM: Immobel SA/NV on Thursday 28 October 2021 will launch a public offer in Belgium of 6.5-year green notes for an aggregate minimum nominal amount of EUR 75 million and an aggregate maximum nominal amount of EUR 125 million. The Green Notes will be offered both to retail investors and, to a certain extent,…
Proact acquires ahd GmbH & Co. for EUR 26.2 million
STOCKHOLM, SWEDEN: Proact IT Group has signed a definite agreement to acquire German IT company ahd GmbH & Co. KG. The purchase price amounts to EUR 26.2 million on a cash-free and debt-free basis, which corresponds to 9.0 times EBITA. The transaction is expected to contribute approximately EUR 30 million in increased annual sales for…