PARIS, FRANCE: Renault Group and Alpine have announced a significant investment of €200 million from Otro Capital, RedBird Capital Partners, and Maximum Effort Investments, collectively known as the “Investor Group.” This investment will grant the Investor Group a 24% equity stake in Alpine Racing Ltd, the renowned Formula 1 team representing Alpine’s F1 activities and…
Category: Euronext
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Euronext sells 11.1% stake in LCH SA to LCH Group Holdings Limited
PARIS: Euronext, the leading pan-European market infrastructure, today announces it has entered into a definitive agreement for the sale of its 11.1% stake in LCH SA to LCH Group Holdings Limited (LCH Group), for an amount of €111 million. The completion of the transaction is expected to occur in early July 2023. The relevant authorities…
Vallourec signs a Memorandum of Understanding with the Ministry of Investment of Saudi Arabia
MEUDON, FRANCE: Vallourec, a world leader in premium tubular solutions for the energy industry, is pleased to announce the signature of a Memorandum of Understanding (MoU) with the Ministry of Investment of Saudi Arabia (MISA). The signing took place on June 19, 2023, as part of the French-Saudi investment forum held in Paris.Following the Group’s…
Vår Energi acquires Neptune Energy’s Norwegian oil & gas business for USD 2.275 billion
OSLO,NORWAY: Vår Energi ASA (OSE: VAR) has agreed to buy 100% of the shares of Neptune Energy Norge AS from Neptune Energy Group Holdings Limited for a cash consideration based on an agreed enterprise value of USD 2.275 billion. The deal will add scale, diversification and longevity to Vår Energi’s portfolio, which currently includes 39…
Storegate AB acquires 85% stake in RushFiles for DKK 3.2 million
HORSENS, DENMARK: Storegate AB, a subsidiary of Hawk Infinity Software AS, has announced that it has entered into a share purchase agreement for the acquisition of 85% of the shares in RushFiles A/S, a Danish company that offers multiple storage solutions and a content collaboration platform. The cash consideration for the transaction is DKK 3.2m…
Iberdrola, Spirax-Sarco invest in Kyoto Group to decarbonize industrial heat
OSLO, NORWAY: Kyoto Group, Iberdrola, and Spirax-Sarco Engineering have signed an agreement to invest in Kyoto Group’s Heatcube thermal energy storage solution. The investment will help to accelerate the decarbonization of industrial process heat by providing industrial customers with the technology to lower their costs and emissions. Heatcube is a modular, low-cost thermal energy storage…
FL Entertainment launches Banijay Events and appoints François de Brugada as CEO
AMSTERDAM: FL Entertainment, a global entertainment leader, has announced the creation of Banijay Events, a live events offering that will leverage its expertise and success in content production and distribution. The new offering will be led by François de Brugada, who will step down as CEO of Banijay France, the country’s undisputed production leader. Banijay…
TotalEnergies and VNG join forces on green hydrogen to decarbonize the Leuna Refinery
PARIS, FRANCE: TotalEnergies and VNG, a German natural gas distribution company, have signed an agreement to initiate the future supply of green hydrogen to the Leuna refinery operated by TotalEnergies. Under the agreement, green hydrogen will be produced from renewable electricity with a 30 MW electrolyzer in Bad Lauchstädt, built and operated by VNG with…
Bluestep Bank acquires Norwegian specialist mortgage bank Bank2 for NOK 1 billion
OSLO,NORWAY: Bluestep Bank AB , a Swedish specialist mortgage provider, has announced that it has entered into an agreement to acquire Bank2 ASA (Bank2), a Norwegian specialist mortgage bank and refinancing services provider, for around NOK 1 billion. Bank2 is a bank that provides specialist mortgages and refinancing services exclusively for the Norwegian market. The…
Hoffmann Green Cement Technologies to build four plants in Saudi Arabia with Shurfah Holding
PARIS, FRANCE: Hoffmann Green Cement Technologies has announced at the French-Saudi Investment Forum the signing of an agreement with Shurfah Holding that defines the main points of an exclusive licensing contract to build four Hoffmann units in Saudi Arabia. Shurfah Holding is a conglomerate with a wide range of investments in real estate, industry, financial…
Norse Atlantic Airways launches daily flights between Rome and New York
OSLO, NORWAY: Norse Atlantic Airways, a new low-cost long-haul airline, has started its daily flights between Rome Fiumicino Airport and New York JFK Airport on June 19[th], offering passengers an affordable and comfortable way to travel across the Atlantic. The airline, which operates Boeing 787 Dreamliner aircraft, said it is committed to delivering high-quality service…
TotalEnergies to supply certified sustainable biomethane to Saint-Gobain
PARIS, FRANCE: TotalEnergies has signed a 100 GW biomethane purchase agreement with Saint-Gobain France for a three-year period starting in 2024. The biomethane will be produced by TotalEnergies at its BioBéarn biomethane plant, which came on stream at the beginning of the year and whose production is certified sustainable by ISCC1 under the highest sustainability…