MUNICH: Mutares SE & Co. KGaA has completed the acquisition of RDM La Rochette S.A.S. from the Italian Reno De Medici (RDM) Group. La Rochette is located in Valgelon-La Rochette, France and produces Folding Boxboard based on virgin fibers (FBB). The company is the main producer in the FBB market in Southern Europe, with France…
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Carbios launched €105 million capital increase to finance its industrial development plans
PARIS: Carbios today announced the launch of a capital increase without shareholders’ preferential subscription rights by way of a public offering and with a priority subscription period, on an irreducible basis only, to its existing shareholders and a global offering, for an initial amount of €105 million. The Offering may be increased up to a…
VDL Groep proposes to acquire all shares in Neways Electronics International
AMSTERDAM: VDL Groep B.V. has forwarded an indicative proposal to Neways Electronics International N.V. to acquire all outstanding shares in the capital of Neways. VDL Groep is a large shareholder in Neways. The indicative offer price is EUR 12.50 (cum dividend) in cash for each Neways share. Consistent with their fiduciary duties, the Board of…
Horisont Energi becomes newest member of the European Clean Hydrogen Alliance
SANDNES: Horisont Energi, the Norwegian carbon tech start-up, is further expanding its commitment to clean energy by joining the European Clean Hydrogen Alliance (ECH2A). The European Clean Hydrogen Alliance was formed as part of the European Union’s New Industrial Strategy for Europe in July 2020 in the context of the hydrogen strategy for a climate-neutral…
Wereldhave sells Koningshoek shopping center for €47 million
AMSTERDAM: Wereldhave N.V. has sold its shopping center Koningshoek in Maassluis and has arranged a new green financing facility to cover for debt maturities from Q3 2022 to Q3 2023. Shopping center Koningshoek in Maassluis was sold for a total gross amount of €47 million. This is slightly above the bookvalue per year-end 2020. During…
Aker Solutions wins FEED contract for e-fuel plant in Norway
OSLO: Aker Solutions has signed a contract with Nordic Blue Crude (NBC) for front-end engineering and design (FEED) of a new e-Fuel facility at Herøya in Porsgrunn, Norway. The e-Fuel plant is planned to produce CO2-neutral fuel by using green hydrogen and furnace gas from an existing factory. The FEED work starts immediately and is…
Creditors approve final proposal for Axxis Geo Solutions reconstruction
LYSAKER: Axxis Geo Solutions ASA announced the approval of the final proposal for the company reconstruction pursuant to the court protected reconstruction process. The deadline for creditors to vote on the reconstruction proposal expired 27 April 2021. Out of the 110 creditors voting, 106 creditors voted in favor of the reconstruction proposal. In nominal amounts,…
SAS appoints Anko Van der Werff as new President and CEO
COPENHAGEN: SAS AB, Scandinavia’s leading airline, announced the appointment of Anko Van der Werff as President and CEO. He will join the company at the latest on July 15, 2021. The Board also appointed Karl Sandlund, Chief Commercial Officer at SAS, as acting President and CEO as of today. Rickard Gustafson will hand over to…
Orange intends to issue a new Euro-denominated hybrid note
PARIS: Orange S.A. announced intention to issue Euro denominated undated 8 year non-call deeply subordinated fixed to reset rate notes (the New Notes). The New Notes are scheduled to be admitted to trading on Euronext Paris. It is also expected that the rating agencies will assign the New Notes a rating of Baa3/BBB- (Moody’s/ S&P)…
Covid 19 accelerates digitalisation and sustainability
OSLO: The first quarter for Itera’s core digital business was characterised by solid organic growth of 11% and an operating profit margin of 15%. Itera reports operating revenue of NOK 144.4 million (NOK 128.4 million) for the first quarter of 2021 related to its core digital business, representing growth of 11%. “The impact of the…
HydrogenPro and Kvina Energy to jointly develop a hydrogen hub in Norway
KVINESDAL: HydrogenPro and Kvina Energy Park (KEP) have entered into a co-operation agreement on the development of a significant hydrogen hub in the Kvinesdal municipality in Norway. The parties will establish a new company to be jointly owned, Kvina Hydrogen AS, which will engage in the industrial and commercial development of the project. Earlier this…
Nordic Hydrogen Corridor: Everfuel to setup 15 hydrogen fueling sites in Sweden by end 2023
HERNING: Everfuel A/S today launched the company’s H2 station roll-out plan for Sweden targeting up to 15 strategically positioned fueling sites for zero emission transport by end of 2023. The plan is the second section of the Everfuel’s Scandinavian green hydrogen fueling strategy for trucks, buses and cars connecting the main traffic corridors in Sweden,…