OSLO, NORWAY: GC Rieber Shipping has agreed to sell shares in Shearwater Geoservices Holding AS reducing its ownership from 17.0% to 8.5%, a news release said. Gross proceeds from the sale will be USD 50.5 million. The sold shares had book value of USD 41.6 million per 31 March 2021. Following the transaction, which is…
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Telenor Group sells Telenor Myanmar to M1 Group for $105 million
OSLO, NORWAY: Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of $105 million, of which $55 million is a deferred payment over five years. The transaction corresponds to an implied enterprise value of approximately $600 million. M1 Group will…
Ergon Capital acquires Summa
BRUSSELS, BELGIUM: Ergon Capital has acquired Summa alongside management from Gimv, a news release said. In 2016, Gimv acquired a majority stake in Summa alongside the management team. Summa expanded quickly by establishing its own organization in the US (2017), expanding organically its flatbed product portfolio, entering the market of laser cutting for textiles through…
Aegon to repurchase EUR 133 million worth of shares to neutralize final payout
AMSTERDAM, NETHERLANDS: Aegon announced that it will repurchase common shares for an amount of EUR 133 million to neutralize the dilutive effect of both its 2020 final stock dividend and certain share-based variable compensation plans for senior management. Shareholders were given the opportunity to choose between receiving the 2020 final dividend of EUR 0.06 per…
Nordic Unmanned signs MOU with OMNI Taxi Aereo
OSLO, NORWAY: Nordic Unmanned has signed a Memorandum of Understanding (MOU) with OMNI Taxi Aereo (OTA), a leading Brazilian air transport operator providing aeromedical assistance, offshore, and fixed wing charter services. Their largest segment is oil and gas clients, and their customer list includes names like Petrobras, Total, Repsol and ExxonMobil. Knut Roar Wiig, CEO…
Kongsberg sings EUR 49m contract with COSCO to deliver wind turbine installation vessel technology
OSLO, NORWAY: Kongsberg Maritime (KM) has signed contracts totalling EUR 49m with the Chinese shipbuilder COSCO Shipping (Qidong) Offshore for the delivery of its industry-leading Wind Turbine Installation Vessel (WTIV) technology. The agreement will see KM supply comprehensive technology packages for two new NG-20000X WTIVs, which COSCO is constructing for the Denmark-based service provider Cadeler….
Avance signs $104 million sustainability-linked financing
BERMUDA: Avance Gas Holding Ltd has signed and completed the $104 million sustainability-linked term facility with a bank syndicate previously announced in May 2021. The transaction will secure financing of the two first dual fuel newbuildings, Avance Polaris and Avance Capella, scheduled for delivery in Q4 2021 and Q1 2022. The facility has a maturity…
Volue ASA acquires German ProCom GmbH
OSLO, NORWAY: Volue ASA has acquired German ProCom GmbH (ProCom) to strengthen its position as the leading provider of sustainable technology solutions to the European energy sector, a news release said. “We are pleased to announce the investment in ProCom to strengthen our European offering further. ProCom has a strong heritage as a family business…
AF Gruppen secures NOK2.6 billion contract to build an industrial cluster in Norway
OSLO, NORWAY: AF Gruppen (AFG), one of the largest civil engineering and construction companies in Norway, has entered into a contract with Construction City Holding to build an industry cluster that will bring together the construction, civil engineering and real estate industry in Norway. The contract, Construction City, is valued at NOK 2.676 billion. The…
Håvard Lindstrøm appointed CEO of Aqua Bio Technology
OSLO, NORWAY: As Aqua Bio Technology (ABT) moves from a development and production phase to a commercial phase with more focus on sales and distribution, Håvard Lindstrøm takes over the role as CEO. He has held the position Head of Business Development since August 2020. Over the past year, under the leadership of Espen Kvale,…
TotalEnergies and GHGSat to monitor offshore methane emissions by satellite
PARIS, FRANCE: TotalEnergies is partnering with GHGSat to develop a satellite imaging technology to monitor potential methane leak occurrences at offshore facilities. This new technology, known as “Glint Mode”, annuls interference effects on data acquisition by observing sun glint on the ocean surface. This satellite imaging can be combined with local measurements for which TotalEnergies…
IPI Partners to acquire DigiPlex Norway
OSLO, NORWAY: DigiPlex Norway has agreed to be acquired by affiliates of IPI Partners LLC, a global investment platform focused exclusively on data centers and other technology and connectivity-related real assets, a news release said. Through the transaction, which is expected to close in Q3 2021, IPI will acquire 100% ownership of all DigiPlex Group…