PARIS, FRANCE: Arkema S.A., specialty chemicals and advanced materials company, announced the proposed divestment of Febex, a company specialized in phosphorus-based chemistry, to Belgian group Prayon. Febex is a global player in phosphorus derivatives (high purity phosphoric acid, sodium hypophosphite and derivatives), used primarily in electronics and in the pharmaceuticals industry. Part of the Performance…
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Equinor will supply 8 TWh Norwegian gas to Denmark via Baltic Pipe
COPENHAGEN, DENMARK: Ørsted and Equinor have just signed an agreement under which Equinor will supply 8 TWh Norwegian gas to Denmark via Baltic Pipe from 1 January 2023 to 1 April 2024. The total volumes of gas supplied during the period will be approx. 8 TWh, corresponding to roughly a quarter of the expected total…
SPIE agrees to sell UK business to Imtech for €50 million
CERGY, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, has signed an agreement with Imtech for the sale of 100% of its United Kingdom operations. The closing of the transaction is expected before the end of 2022, subject to the fulfillment of customary regulatory approvals. SPIE UK…
Aegon N.V. to combine its Dutch operations with ASR Nederland (a.s.r.)
AMSTERDAM: Aegon N.V. has reached an agreement with ASR Nederland (a.s.r.) to combine its Dutch pension, life and non-life insurance, banking, and mortgage origination activities with a.s.r. The combination will create a leading Dutch insurance company. This step enables Aegon to accelerate its strategy and represents a major step in its ambition to become a…
Orkla to become an industrial investment company
OSLO, NORWAY: Orkla ASA is to be transformed into a leading industrial investment company with a brands and consumer-oriented scope. Orkla will consist of 12 portfolio companies. Orkla’s Board of Directors decided yesterday to establish a new corporate structure and management team. “We want to establish a corporate structure and culture that creates greater value…
Eiffage acquires another 13.71% shares in Getlink for 1.19bn euros
PARIS, FRANCE: Eiffage has entered into an agreement to acquire a block of 13.71% of the share capital of Getlink SE representing 75.38 million shares. Seller is TCI Fund Management Limited. This significant investment of 1.194 billion euros (15.84 euros per share) was financed by Eiffage from its available cash and is not subject to…
ABL Group has acquired operations of HOSE International
OSLO, NORWAY: Energy and marine consultancy ABL Group (ABL) has acquired the operations of well control equipment specialists HOSE International. The two companies have cooperated since 2019 to jointly provide rig and well control inspection services for the offshore industry. Going forward, HOSE International’s UK business will become part of ABL’s global operations. The two…
Atos signs contract to deploy and manage intelligent network for Siemens Healthineers
PARIS, FRANCE: Atos announced the win of a seven-year contract with Siemens Healthineers to provide, deploy and manage Software Defined Access (SDA)-enabled global LAN (local area network) services in close to 60 customer locations in 15 countries. This contract showcases Atos’ ability and commitment, as global network infrastructure partner, to support Siemens Healthineers on its…
TotalEnergies partners Casa dos Ventos to build 12GW renewable portfolio in Brazil
PARIS, FRANCE: TotalEnergies (TTE) and Casa dos Ventos (CDV), Brazil’s leading renewable energy developer, announced today the creation of a 34% (TTE)/66%(CDV) joint venture to jointly develop, build and operate the renewable portfolio of Casa Dos Ventos. This portfolio includes 700 MW of onshore wind capacity in operation, 1 GW of onshore wind under construction,…
TotalEnergies has reached the milestone of 500 MW of onsite B2B solar distributed generation
PARIS, FRANCE: TotalEnergies has reached the milestone of 500 MW of onsite B2B solar distributed generation in operation. More than 300 sites of its industrial and commercial customers have been equipped with solar panels in Asia, the Middle East, Europe and the United States. TotalEnergies sells to its B2B customers green electricity produced directly on…
Magseis Fairfield and Fugro partner to tap renewables and CCS markets
OSLO, NORWAY: Magseis Fairfield has signed a global co-operation agreement with Fugro, a leading Geo-data specialist, to work together on project opportunities including wide area 3D ultra high resolution surveys (3D UHR) for the offshore renewables and carbon capture and storage (CCS) markets. Under the agreement, both companies will jointly pursue projects that benefit from…
Helge Krogsbøl appointed new CEO of Heimstaden
OSLO, NORWAY: Helge Krogsbøl has taken over as Heimstaden CEO from 1 January 2023. Patrik Hall has after more than 20 years decided to leave his position and continue as Senior Advisor and member of the Group Investment Committee. “Patrik has been the key force in taking Heimstaden from a small Malmø based company, to…