LYSAKER: TECO 2030 ASA has signed a Strategic Cooperation Agreement with the Norwegian advanced mechanical engineering group Slåttland, which forms the basis for potential joint projects based on equality and mutual understanding. TECO 2030‘s partnership with the Slåttland Group in Norway aims to explore cooperation possibilities within a range of emission-reducing projects, including hydrogen fuel…
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Mutares plans EUR 10mn additional tap issue of its bond issued in February 2020
MUNICH: Mutares SE & Co. has decided today to consider an additional increase of the EUR 70 million bond issued in February 2020 with 4-year maturity by up to EUR 10 million. The Bond had been originally issued in an amount of EUR 50 million with an optional tap issue of EUR 30 million. In…
Shell accelerates drive for net-zero emissions with customer-first strategy
THE HAGUE: Shell has set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell also confirmed its…
Moody’s raises the outlook for Coface to stable
PARIS: The rating agency Moody’s, on 10th February 2021, has confirmed the financial strength rating (Insurance Financial Strength – IFS) for Coface at A2. The agency has also raised the outlook for Coface, which is now stable. Almost one year since the beginning of the coronavirus pandemic and the associated health and economic crisis, Moody’s…
NEXT Biometrics receives order for 20,000 sensors for payment devices in India
OSLO: NEXT Biometrics has received a purchase order from Pagaria Group of 20,000 sensors. In addition, the estimated volume for 2021 has been increased. NEXT recently signed a Letter of Intent with Pagaria group in India (announced on January 26) and has now received a follow up order of 20,000 sensors. The initial forecasted demand…
Arribatec acquires four software companies from Spanish based Grupo Hodei
OSLO: A subsidiary of Arribatec Solutions ASA has entered into an agreement to acquire four software companies from Grupo Hodei, providing among others innovative cloud-based solutions within treasury and banking, in addition to a strong market position in Spain and Latin-America, a news release said. Total transaction price is EUR 900.000 in cash and 16…
ABN AMRO nominates Lars Kramer as new Chief Financial Officer
AMSTERDAM: The Supervisory Board announces today that it intends to appoint Lars Kramer as a member of the Executive Board and Chief Financial Officer of ABN AMRO. The nomination is subject to the approval of the European Central Bank (ECB). Until the appointment of Mr Kramer becomes effective, and after Clifford Abrahams steps down on…
Targovax and Papyrus Therapeutics enter research collaboration to develop novel ONCOS viruses
OSLO: Targovax ASA has entered into a research collaboration agreement with Papyrus Therapeutics to assess the potential of combining their respective proprietary technology platforms to develop a first-in-class oncolytic virus concept with RTK inhibitor functionality. Papyrus Therapeutics, Inc. (West Chester, PA, USA) is an emerging biopharma company developing novel tumor suppressor therapies. Papyrus´s lead therapeutic…
Cambi is now listed on Euronext Growth Oslo
OSLO: Following a successful private placement, Cambi ASA shares started trading on Euronext Growth Oslo today, February 9, under the ticker “CAMBI”. DNB Asset Management and Handelsbanken Fonder were the cornerstone investors in a transaction that values Cambi at more than NOK 2.3 billion and was five times over-subscribed. Among Cambi’s shareholders are many high-quality…
Total proposes a final 2020 dividend of 0.66 €/share
PARIS: Total SE Board of Directors met on February 8, 2021, and decided to propose to the Shareholders’ Meeting, which will be held on May 28, 2021, the distribution of a final dividend of 0.66 €/share for fiscal year 2020, stable compared to the three interim dividends paid for fiscal year 2020. Given the three…
Air Liquide and BASF sign long-term supply agreement of oxygen and nitrogen
PARIS: Air Liquide and BASF have signed a new long-term contract for the supply of oxygen and nitrogen to one of BASF’s largest and most innovative European sites, located in Schwarzheide, Germany. Air Liquide will invest around 40 million euros in the construction of a state-of-the-art Air Separation Unit (ASU) at this flagship site for…
Sonans Holdings expresses intention to list on Euronext Growth Oslo
OSLO: Sonans Holding AS, a leading Norwegian provider of private education services, expressed intention to launch a private offering of new and existing shares in the Company and to list the Company’s shares on Euronext Growth Oslo. Sonans Gruppen is a leading private education provider in Norway. The Group was founded in 1989 to offer…