PARIS, FRANCE: Thales and Hitachi Rail are entering into exclusive negotiations on the sale of Thales’s Ground Transportation Systems Global Business Unit (GTS) for an enterprise value of €1.66 billion. With around 9,000 employees at the end of 2020, Ground Transportation Systems is a global leader in Rail Signaling and Train Control Systems, Telecommunications and…
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MSCI upgrades X5 Group’s ESG rating to BBB
AMSTERDAM: MSCI ESG Research has upgraded X5 Group’s sustainability rating from BB to BBB. The agency assigns ratings to global public companies based on their resilience to long-term, industry-specific, ecological, social and governance risks. The ratings range from CCC to AAA. MSCI noted in particular X5’s detailed anti-corruption policy, its ethics training for employees, carbon…
IDEX Biometrics announces TrustedBio MaxT
OSLO, NORWAY: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced the second product in its TrustedBio (TM) line of highly-differentiated fingerprint authentication solutions, TrustedBio Max. TrustedBio Max provides the highest level of single-device functionality available for card-based fingerprint authentication. Unlike sensor-only products, the TrustedBio family of products integrates into…
DNO acquires ExxonMobil stake in Kurdistan Baeshiqa License
OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company’s acquisition of ExxonMobil’s remaining 32 percent interest in the Baeshiqa license, doubling DNO’s stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously drilled…
Dolfines SAS acquires 8.2 France
MONTIGNY LE BRETONNEUX, FRANCE: Dolfines SAS, an independent specialist in engineering and services for the renewable and conventional energy industry, has completed the acquisition of 8.2 France, one of the world leaders in the expertise of renewable energy production parks. On this occasion, DOLFINES has set up with the investment company Negma a financing line…
Fertiglobe acquires 15% Stake in EBIC for $43 million
AMSTERDAM, NETHERLANDS: OCI N.V. announced Fertiglobe has agreed with a KBR-led consortium (NYSE: KBR), which includes Mitsubishi, JGC and Itochu, to buy their combined 15% stake in Egypt Basic Industries Corporation (EBIC) in Egypt for a total consideration of $43 million. This brings Fertiglobe’s stake in EBIC to 75%, further streamlining the group’s ownership structure,…
Subsea 7 announces floating wind acquisition
LUXEMBOURG: Subsea 7 S.A. has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain. Nautilus has developed a promising concept for a floating wind foundation based on a semi-submersible steel structure that supports a…
Norse Atlantic Airways to lease six Dreamliners
ARENDAL, NORWAY: Norse Atlantic Airways has agreed to lease six (6) Boeing 787-9 Dreamliners from BOC Aviation Limited. The lease is at attractive rates and payment terms, allowing the Company a flexible implementation during start-up of its operation. The lease is for a term of approximately 16 years per aircraft and the Company expects to…
Heineken assumes control of United Breweries Limited
AMSTERDAM, Heineken N.V. has obtained control of United Breweries Limited (UBL) in India following recent acquisition of additional ordinary shares in UBL, taking its shareholding in UBL from 46.5% to 61.5%. Dolf van den Brink, Chairman of the Executive Board / CEO, commented: “UBL has a proud history dating back more than a century as an influential shaper of…
TotalEnergies exits from Petrocedeño
PARIS, FRANCE: TotalEnergies, through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño S.A. to Corporation Venezonala de Petróleos (CVP), an affiliate of Petróleos de Venezuela (PDVSA). Equinor having also decided to transfer in parallel its participation of 9.67% in the company, PDVSA will own 100% of Petrocedeño….
TotalEnergies to power Amazon’s operations with renewables
PARIS, FRANCE: TotalEnergies has announced a strategic collaboration with Amazon through which TotalEnergies will contribute to Amazon’s commitment to power its operations with 100% renewable energy. Amazon will help TotalEnergies accelerate its digital transformation. This strategic agreement spans both the TotalEnergies and Amazon businesses: Renewable Energy: TotalEnergies and Amazon have signed power purchase agreements (PPAs)…
ArcelorMittal announces new $2.2 billion share buyback program
AMSTERDAM, NETHERLANDS: ArcelorMittal has announced a new share buyback program in the amount of $2.2 billion under the authorization given by the annual general meeting of shareholders held on 8 June 2021. Company will return the proceeds from the redeemed Cleveland Cliffs preference shares and advance a part of its prospective 2022 capital return to…