PARIS, FRANCE: SES S.A. has announced the acquisition of Intelsat S.A. through a purchase agreement valued at $3.1 billion (€2.8 billion) in cash and additional contingent value rights. This strategic acquisition is poised to create a formidable multi-orbit operator with an extensive coverage area, enhanced resiliency, and a broadened suite of solutions. Strategic Benefits and…
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Imerys enters talks to acquire Chemviron’s European business
PARIS, FRANCE: Imerys has entered into exclusive negotiations with Chemviron, a subsidiary of Calgon Carbon Corporation, to acquire its European diatomite and perlite business. Through this acquisition, Imerys would extend and complement its European footprint in diatomite and perlite and broaden its Filtration and Life Sciences product portfolio, to better serve its customers in the…
Jordanes AS announces NOK 1.5 billion IPO on the Oslo Stock Exchange
OSLO: Jordanes AS, parent company of Jordanes Investments AS, announced its intention to launch an initial public offering (IPO) of its shares and to apply for a listing of its shares on the main list of the Oslo Stock Exchange. Jordanes AS is a well-established Scandinavian brand house that focuses on everyday brands. The Group…
Lifecare AS acquires majority stake in RemovAid AS
BERGEN, NORWAY: Lifecare AS, a pioneering medical sensor company, has announced a significant investment of NOK 2 million in RemovAid AS, securing an 81.1% ownership stake. This strategic move positions Lifecare at the forefront of medical technology innovation, particularly in the Continuous Glucose Monitor (CGM) market. RemovAid, an Oslo-based medtech firm, has gained attention for…
EG Norge to offer NOK 20/share to buy all outstanding shares of Carasent ASA
OSLO, NORWAY: EG Norge AS is contemplating launching a voluntary cash offer to acquire all outstanding shares of Carasent ASA at a price of NOK 20 per share. The offer represents a premium of 81.8% to closing price the last trading day before Carasent ASA published the Q1 2024 report including the revised financial targets…
Schneider Electric launches all-in-one battery energy storage system for microgrids
PARIS: In response to the growing need for energy resilience, Schneider Electric has launched a new Battery Energy Storage System (BESS), marking a significant advancement in microgrid technology. The BESS is designed to provide a robust and scalable solution for energy management and automation, ensuring efficient and safe storage of energy from diverse sources. Amidst…
Polaris Media sells 9.99% stake in Finn.no AS to Schibsted ASA for NOK 2.5 billion
OSLO, NORWAY: Polaris Media ASA has signed an agreement to sell its 9.99% stake in Finn.no AS to Schibsted ASA. Polaris Media has been a minority owner in FINN since its incorporation in 2000. The total transaction value in the agreement is NOK 2.5 billion on an equity basis. Schibsted will settle the transaction by…
Tietoevry halts banking business demerger, opts for in-group specialization
OSLO, NORWAY: Tietoevry has halted the demerger process of its Banking business, initially set in motion on July 22, 2022. The company had previously considered transforming its Banking division into a standalone entity to be listed on the stock exchange. However, on February 15, 2024, Tietoevry’s Board of Directors approved a demerger plan, while also…
Casino Group announces major transformation plan amidst financial restructuring
PARIS: Casino Guichard-Perrachon, commonly known as Casino Group, has unveiled a comprehensive transformation plan. The initiative comes on the heels of a challenging financial period marked by significant net losses and aims to realign the organization with its new focus on convenience store networks. Strategic Organizational Changes The plan outlines a series of strategic changes,…
IMCD Spain to acquire Cobapharma
ROTTERDAM: IMCD Spain has signed an agreement to acquire 100% of the shares in Cobapharma S.L.U, a European distributor in the pharmaceutical and nutraceutical industry. Established in 2011 and headquartered in Barcelona, Spain, Cobapharma provides an extensive portfolio of Active Pharmaceutical Ingredients (APIs) as well as nutraceutical ingredients. With 20 employees, Cobapharma represents leading suppliers…
TotalEnergies and Vanguard to develop renewable natural gas in the United States
PARIS: TotalEnergies and Vanguard Renewables have joined forces to establish a joint venture that promises to revolutionize the production of renewable natural gas (RNG) in the United States. The agreement, signed in New York on April 12th, 2024, was witnessed by industry giants Patrick Pouyanné and Larry Fink, the respective CEOs of TotalEnergies and BlackRock….
DNB reports Strong Q1 2024 results: NOK 10.2 billion profit amid resilient economy
OSLO, NORWAY: DNB, Norway’s premier financial institution, has disclosed its financial outcomes for the first quarter of 2024. The bank’s profit was reported at NOK 10.2 billion, a slight decrease of 2.6 percent or NOK 0.3 billion from the same period last year. Despite this minor dip, the results are indicative of a strong performance,…