PARIS, FRANCE: Wendel has entered into exclusive negotiations with a view to acquiring a controlling stake in IK Partners from its partners who would also reinvest a portion of their proceeds in future IK funds as part of the envisaged transaction. IK Partners is a leading European private equity (PE) firm specializing in European mid-market…
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Casino Group sells its stake in Colombian retailer Éxito Group to El Salvador’s Grupo Calleja
Disposal of group Casino’s stake in Éxito Group PARIS, FRANCE: Casino Group has agreed to sell its 34.05% stake in Almacenes Éxito S.A. (Éxito Group), a leading grocery retailer in Colombia, to Grupo Calleja, the owner of Super Selectos, the top food retailer in El Salvador. The deal was approved by Casino’s Board of Directors…
Quadient and MFG partner to offer parcel lockers at UK forecourts
PARIS, FRANCE: Quadient, a global leader in digital and physical customer connections, has announced a new partnership with Motor Fuel Group (MFG), one of the UK’s leading independent forecourt operators. MFG will host a number of Parcel Pending by Quadient Open Network Lockers at its sites, providing 24/7 delivery and pickup for carriers and consumers…
Statkraft CEO Christian Rynning-Tønnesen to step down after 14 years
OSLO, NORWAY: Christian Rynning-Tønnesen, the President and CEO of Statkraft AS, has announced his decision to resign from his position after leading the company for nearly 14 years. Statkraft AS is Europe’s largest producer of renewable energy and a global player in the energy markets. The Board of Directors will start a process to find…
Renault, Volvo and CMA CGM forming new company jointly to launch electric vans
PARIS, FRANCE: Renault Group, Volvo Group and CMA CGM Group, three leading players in the transport and logistics sectors, have announced a joint venture to develop and market a new generation of fully electric vans and associated services. The new company, which will operate under its own corporate identity and be based in France, aims…
MPC Energy Solutions exits from CHP project in Puerto Rico
AMSTERDAM: MPC Energy Solutions announced today that the company will focus on core strategic areas of its business and will, as a first step, exit one of its projects in Puerto Rico, a 2.6 MW combined-heat-and-power (CHP) plant. As part of the exit, MPCES will recoup the initial capital invested to fund the early stages…
Otovo sells solar subscription portfolios in Norway and Sweden for NOK 700m
OSLO, NORWAY: Otovo ASA, a leading game developer and solar energy provider, has announced that it has signed a share purchase agreement with Forte PV S.à.r.l, a part of Swiss Life Asset Managers, for the sale of its solar subscription portfolios in Norway and Sweden. The deal, worth up to NOK 700 million / EUR…
Beeline Academy launched to help train youth with emphasis on data protection, cybersecurity, and AI
AMSTERDAM: VEON Ltd., a global digital operator that provides converged connectivity and online services, announced that its Beeline Uzbekistan, its digital operator in Uzbekistan, opened the Beeline Academy in Tashkent to help train IT, AI, cybersecurity and data protection experts. The Beeline Academy was opened in cooperation with the Tashkent International University of Education or…
TotalEnergies signs 15-year solar PPA with Saint-Gobain
TotalEnergies has signed a 15-year renewable Power Purchase Agreement (PPA) with Saint-Gobain to supply 100 MW of clean energy from its Danish Fields Solar farm in Texas. The PPA will help Saint-Gobain offset its North American Scope 2 CO2 emissions from electricity by 90,000 metric tons per year. The Danish Fields Solar farm is expected…
Zaptec CEO Peter Bardenfleth-Hansen to step down
OSLO, NORWAY: CEO in Zaptec, Peter Bardenfleth-Hansen, has informed the Board that he wishes to step down in order to focus on other priorities. The Board will spend the necessary time to find the next CEO for the company, and are very comfortable that CFO Kurt Østrem in the meantime will be well placed to…
Marcon-Gruppen i Sverige AB to acquire Svenska Tungdykargruppen AB
OSLO, NORWAY: Swedish marine infrastructure company Marcon-Gruppen i Sverige AB – a wholly owned subsidiary of Endúr ASA – has entered into an agreement to acquire 100% of the shares in Svenska Tungdykargruppen AB (STDG) from Storskogen Group AB. STDG is a marine infrastructure company, located in Mora, Sweden, specialized within diving and dredging operations….
TotalEnergies acquires Ombrea and creates a center of expertise for agrivoltaics
PARIS, FRANCE: TotalEnergies has finalized the acquisition of France’s agrivoltaics leader Ombrea. Ombrea was founded in 2016. It has built ten sites and studied around fifty crop varieties, to develop unique expertise and innovative solutions that optimize the synergies between agricultural production and green electricity generation. By integrating Ombrea’s teams and expertise into its renewable…