OSLO, NORWAY: Blue Ocean GEOS MI LLC has entered into a binding share purchase agreement to acquire 195,796,161 shares of Golden Energy Offshore Services AS (GEOS) common stock, representing 39.03% of the issued share capital, from funds managed by Oaktree Capital Management, L.P. for a total consideration of USD 39.5 million. The transaction is expected…
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Legrand has acquired Enovation and Netrack
Legrand (Paris:LR) has announced the acquisition of two leading companies in the burgeoning fields of assisted living, healthcare, and datacenters. This strategic expansion is set to fortify Legrand’s position in its rapidly growing segments. Enovation: Pioneering Healthcare Software Dutch company Enovation, a frontrunner in the healthcare software industry, is now part of the Legrand family….
BenevolentAI refocuses business strategy, cuts workforce by 30%
Amsterdam-based biopharma AI leader BenevolentAI announced a strategic shift to concentrate on AI-driven drug discovery and proprietary pipeline revenue streams. The decision follows the discontinuation of its Knowledge Exploration Tools due to high commercialization costs and a lengthy ROI timeline. This pivot is expected to enhance shareholder returns. The company will reduce its workforce by…
TotalEnergies to acquire remaining 50% in SapuraOMV for $530 million
PARIS: TotalEnergies (NYSE:TTE) has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing is expected in the second half of 2024. This agreement follows a first agreement…
Nordic Aqua announces successful first harvest of Atlantic Salmon in China
OSLO: Nordic Aqua (OSE: NOAP), a pioneer in land-based salmon farming in China, announced the successful completion of its first harvest of Atlantic salmon, produced at its facility in Gaotang, China. The first harvest is a major operational milestone for Nordic Aqua and the company is now set to introduce its Atlantic salmon under the…
Clearstream will invest in Digital Vault Services
FRANKFURT: Clearstream, the post-trade arm of Deutsche Börse, has announced its intention to invest in Digital Vault Services (DVS), a trailblazing fintech company specializing in the issuance and secure storage of digital bank guarantees and sureties. This strategic investment, which hinges on the receipt of regulatory approvals and the completion of legal agreements, is poised…
Vår Energi confirms new oil discovery in the North Sea
OSLO, NORWAY: Vår Energi confirms discovery of oil in the Balder area in the Central North Sea. The latest Ringhorne North exploration well in production license (PL 956) was successful with estimated recoverable resources of between 13 and 23 million barrels of oil. Operator Vår Energi considers the discovery a potential commercial candidate to be…
VINCI signs deal to acquire Edinburgh Airport for £1.27 billion
PARIS: VINCI Airports, a VINCI Concessions subsidiary, signed today an agreement to acquire an effective 50.01% stake in Edinburgh Airport Limited – the company that owns Edinburgh Airport – for £1.27 billion. The transaction is expected to be completed during Summer 2024, following the receipt of regulatory approvals. The remaining 49.99% stake will be managed…
ASML Holding NV posts net income of €1.2 billion in first quarter of 2024
AMSTERDAM: ASML Holding NV, a leading supplier in the semiconductor industry, has released its financial results for the first quarter of 2024. For the first quarter, ASML’s total net sales reached €5.3 billion, with a gross margin of 51.0%. The net income for the quarter stood at an impressive €1.2 billion. The company’s quarterly net…
Huddlestock and HILI explore potential to support a new Norwegian fintech platform
OSLO: Huddlestock has today signed a letter of intent (LOI) with HILI, a Norwegian fintech start-up, to explore the utilization of its investment infrastructure in developing HILI’s new home ownership platform and the implementation of an alternative investment fund. The collaboration aligns with Huddlestock’s strategy of fostering client growth and being an active partner in…
Euronav NV and Anglo-Eastern Univan announce strategic acquisition
OSLO: Euronav NVand the Anglo-Eastern Univan Group have declared a Heads of Agreement (HoA) for the acquisition of Euronav Ship Management Hellas (ESMH), the ship management division of Euronav. The agreement marks a pivotal step for both companies as they prepare to consolidate their strengths. Anglo-Eastern will take over the ship management duties for the…
Hexagon Composites starts search for new Group CEO, as Erik Engeset to step down
OSLO, NORWAY: Hexagon Composites (OSE: HEX.OL) announced that Jon Erik Engeset will step down as Group President and Chief Executive Officer. The Company will shortly commence a search process. Engeset will continue as CEO until the position is filled, following which he will continue to support the company in an advisory role. “After 11 years…