HAMILTON: Archer Limited has signed an SPA to acquire DeepWell based on an enterprise value of NOK 177 million on a debt and cash free basis. The Transaction is accretive both to Archer’s NIBD / EBITDA ratio and EV / EBITDA ratio. Archer will use existing cash and liquidity reserves to finance the Transaction. DeepWell…
Category: Euronext
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Partnership between CEA and Roctool to create photovoltaic panels of tomorrow
PARIS: Roctool SA (EPA: ALROC) is selected as part of the EasyPOC program to develop the photovoltaic panels of tomorrow with CEA, a news release said. Roctool SA (EPA: ALROC), specialists in mold heating and cooling technologies for plastics and composites, were As part of the EasyPOC system, financed 100% by the Region Auvergne-Rhône-Alpes with…
Euronext launches a €1.8 billion bond issue, listed on Euronext Dublin
PARIS: Euronext, the leading pan-European market infrastructure, has successfully priced a three-tranche senior bond offering representing a total amount of €1.8 billion, a news release said. The bonds will be admitted to trading on the regulated market of Euronext Dublin as of 17 May 2021 and are rated BBB by S&P. As well as on…
Pictet and Immobel acquire office property in Paris-Opera district for redevelopment
BRUSSELS: Pictet Alternative Advisors and Immobel have acquired 4,500 sqm office property located in the Paris-Opera district, in an off-market transaction. The asset, located at 73 Rue de Richelieu in the 2nd arrondissement, currently sits fully vacant after the previous long-term tenant vacated its premises in 2020 offering a significant redevelopment opportunity in one of…
Aperam signs agreement to acquire ELG for an enterprise value of EUR 357 million
LUXEMBOURG: Aperam (AMS: APAM) has signed a Share Purchase Agreement with Franz Haniel & Cie. Gmbh to acquire ELG for an enterprise value of EUR 357 million. ELG is a global leader in collecting, trading, processing and recycling of stainless steel scrap and high performance alloys, delivering 1.3m tonnes of materials annually, employing 1,300 FTEs…
Mintra accelerates acquisitions and growth strategy
OSLO: Mintra (FRA: N0D) has signalled strong intent for further growth with the appointment of Valentinos Steliou to the newly created role of head of acquisitions. Mintra is a leading provider of digital learning and human capital management (HCM) software solutions to safety-critical industries worldwide. The appointment sees Mr Steliou, who is also managing director…
Kahoot acquires Clever Inc. for an enterprise value of $500 million
OSLO: Kahoot! announced the acquisition of Clever Inc., a widely-used digital learning platforms used by U.S. K-12 schools. Kahoot! Group (OTCMKTS: KHOTF) will acquire 100% of the shares in Clever Inc., for an enterprise value (EV) of USD 435 – 500 million on a cash and debt-free basis, including a performance-based element for 2021-2022. The…
OKEA signs 4-year rig frame agreement with COSL Drilling Europe
OSLO: OKEA ASA (FRA: 3SX) has awarded a four-year frame contract to COSL Drilling Europe AS for the use of COSL’s energy-efficient drilling units on the Norwegian Continental Shelf (NCS). As part of the agreement, COSL Drilling Europe (COSL) will be the exclusive provider of semi-submersible drilling rigs for OKEA’s NCS operations, with flexibility in…
Steven Zaat to succeed Frédéric Gagey as Group CFO of Air France-KLM
ROISSY, AMSTELVEEN: Air France-KLM announced that Group CFO Frédéric Gagey will be succeeded by Steven Zaat, current Air France Chief Financial Officer, on 1st July, 2021. Air France-KLM announced that Group CFO Frédéric Gagey (64) will retire and leave his current position as of July 1st, 2021. “I would like to express all my gratitude…
Total and Government of Papua New Guinea remobilize Papua LNG project
PARIS: After a year of delay because of Covid-19, the Government of Papua New Guinea (PNG) and Total as operator announced the remobilization of the Papua LNG project, a news release said. A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea…
Gimv increases its interest in German dentistry group GPNZ
BRUSSELS: Gimv, a European investment company, has increased its interest in GPNZ (Gesellschaft für Praxisnachfolge in der Zahnmedizin), a fast-growing, high-quality dental platform in Germany, a news release said. In addition to a significant capital increase into the company, Gimv has acquired the shares of co-investors Cannonball and co-founder Marcus Geier. The founder and CEO…
Hanwha Total Petrochemical commissioning a new polypropylene line in South Korea
PARIS: The Hanwha Total Petrochemical (HTC) joint venture is commissioning a new polypropylene line at the Daesan integrated refining and petrochemical complex in South Korea, adding a further 60% to its production capacity, which now totals 1.1 million tons a year, a news release said. At the same time, the start‑up of a fourth propane…