MUNICH: Mutares SE & Co. has signed an agreement to sell its portfolio company FDT Flachdach Technologie GmbH to Holcim Group. The closing of the transaction is expected in the first quarter of 2023. FDT Flachdach Technologie GmbH is a leading manufacturer of thermoplastic roofing membranes with a strong presence in key Western European countries…
Category: Euronext
Euronext, euronext stock exchange, euronext exchange, euronext nv, stock exchange euronext
GiG to split Media Services and iGaming platform into separate listed entities
OSLO, NORWAY: The Board of Gaming Innovation Group (GiG) has decided to initiate a strategic review with the intention to distribute its subsidiary Innovation Labs Ltd to GiG’s shareholders. Such distribution would result in a split of current Gaming Innovation Group into two main business segments: The purpose of the split is to sharpen the…
Renault and Nissan announce new investment and launch of new vehicles in India
BOULOGNE-BILLANCOURT: Renault and Nissan have announced a new long-term vision for India, increasing production and R&D activities, introducing electric vehicles, and transitioning to carbon-neutral manufacturing. From their base in Chennai, the companies will collaborate on six new production vehicles for domestic and international customers, including two new fully electric vehicles, uplifting the Renault-Nissan centre into…
EuroGroup Laminations lists on Euronext Milan at IPO price of €5.5 per share
PARIS, FRANCE: Tikehau Capital announce the portfolio company EuroGroup Laminations S.p.A. listed its shares on Euronext Milan and has started trading under the ticker symbol EGLA. The IPO price of €5.5 per share implies a market capitalisation of approximately €922 million. EuroGroup Laminations is a market leader in the design and production of the “motor…
Netgem sells its consumer fiber operator business in France to Nordnet
PARIS, FRANCE: Netgem announced that it has reached an agreement to sell its consumer fiber operator business in France to Nordnet, a subsidiary of the Orange group. Netgem will continue to provide its television service netgem.tv to Nordnet for all ceded subscribers. Turnovers and gross margin of the business sold amounted to €4.7 million and…
Vår Energi announces oil discovery in the Barents Sea
SANDNES, NORWAY: Vår Energi ASA (OSE: VAR) confirmed the discovery of oil in the operated 7122/8-1S Countach well in PL229 (Goliat), north-west of Hammerfest. The well is currently drilled to 2958m measured depth and oil has been encountered in the Realgrunnen and Kobbe formations. A sidetrack is planned to better define the size of the…
Jaan Ivar Semlitsch appointed CEO of Komplett ASA
OSLO, NORWAY: Jaan Ivar Semlitsch has been appointed as the new CEO of Komplett ASA. He takes over the role from Lars Olav Olaussen, who has led Komplett since 2018. Semlitsch will assume the role on the 10th of February. At the same time, Olaussen will take on an advisory role to the Board of…
DNB Bank shall buy back up to 0.5 percent of company’s own shares
OSLO, NORWAY: The Board of Directors of DNB Bank ASA has decided to initiate a share buy-back programme comprising up to 0.5 percent of the company’s own shares, which represents a total of 7,751,800 shares. The purpose of the buy-back programme is to optimise the company’s capital structure. The buy-back programme was adopted based on…
Stahl has signed an agreement to acquire ICP Industrial Solutions Group
PARIS, FRANCE: Wendel announced that Stahl has signed an agreement to acquire ICP Industrial Solutions Group (ISG), a leader in high-performance packaging coatings, which will reinforce Stahl’s position as the global leader in the field of specialty coatings for flexible materials. ISG, a division of the ICP (Innovative Chemical Products) Group, offers a comprehensive portfolio…
Nexans in talks with Syntagma Capital for the sale of its telecom systems business
PARIS, FRANCE: Nexans has entered into exclusive negotiations with Syntagma Capital, a Belgium-based private equity fund, for the sale of its Telecom Systems Business. This proposed transaction marks Nexans’ exit from the telecom and data activity in line with its strategy to simplify its activities and amplify its impact in Electrification markets. The Telecom Systems…
TotalEnergies and Air Liquide to develop a network of hydrogen stations for heavy duty vehicles in Europe
PARIS, FRANCE: TotalEnergies and Air Liquide announced their decision to create an equally owned joint venture to develop a network of hydrogen stations, geared towards heavy duty vehicles on major European road corridors. This initiative will help facilitate access to hydrogen, enabling the development of its use for goods transportation and further strengthening the hydrogen…
Norsk Titanium progressing towards commercial aerospace expansion with Airbus
OSLO, NORWAY: Norsk Titanium continues progress towards expansion in the commercial aerospace market. The company is awaiting final qualification approval of its RPD technology for serial production of titanium parts for delivery to tier-one suppliers of Airbus, which is expected in the first half 2023. President and CEO Michael Canario will be hosting meetings today…