PARIS, FRANCE: Adevinta ASA (ADE) announced that its Board of Directors has unanimously decided to appoint Antoine Jouteau as CEO, effective 15 August 2022. Antoine Jouteau is currently CEO of Adevinta’s leading French marketplace business, leboncoin, and a member of Adevinta’s Executive Leadership team. His appointment follows a comprehensive selection process that considered both internal…
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Wavestone to acquire a UK-based consulting firm
PARIS, FRANCE: Wavestone has signed a conditional agreement to acquire a UK-based consulting firm. The company is an independent consultancy which specialises in business and digital transformation programmes for major clients. Over the last three fiscal years, it generated a revenue in the range of £15m to £20m. The project fits perfectly with Wavestone’s Impact strategic plan:…
Green Fuels for Denmark receives IPCEI status
COPENHAGEN, DENMARK: Last year, the Danish government shortlisted Green Fuels for Denmark as one of two Danish Power-to-X projects eligible for public funding, provided that the European Commission recognises it as an Important Project of Common European Interest (IPCEI), contributing to sustainable economic growth, job creation and the competitiveness of the EU economy. Today, the…
Yara, ACME and Scatec sign term sheet for sale of green ammonia from Oman
GENEVA: ACME group, Scatec ASA and Yara International have signed a term sheet for offtake from the first phase of green ammonia from Oman. Oman has excellent conditions for renewable energy and a strategic location to produce green ammonia for export to both Europe and Asia, which are the pacesetters in reducing CO2-emissions. ACME and…
Cyviz gets contract for Command & Control center in the Middle East
OSLO, NORWAY: Cyviz announced a contract with a new strategic defense customer in the Middle East, valued at NOK 25 million (USD 2.45 million). This defense customer in the Middle East, is investing in a Command & Control center. This will be one of the largest Command & Control centers in the world. The Command…
Ocean Sun and Keppel has entered a Technology License Agreement
OSLO, NORWAY: Ocean Sun and Keppel have signed an agreement for a 1.5 MWp floating PV project to be deployed near Jurong Island in Singapore. Keppel Infrastructure (KI) is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company providing solutions for sustainable urbanisation. KI provides solutions for some of the world’s most pressing…
Azerion raises €10.5 million in equity
AMSTERDAM: Azerion Group announced a small equity capital raise of €10.5 million in the form of a private placement of existing ordinary treasury shares of Azerion, predominantly to Azerion’s co-CEO’s investment vehicles. The price of the private placement reflects a 5% discount on Azerion’s closing share price of 13 July 2022. Azerion intends to use…
Pyrum establishes joint venture to build and operate a 20,000-ton pyrolysis plant in Bavaria
DILLINGEN, GERMANY: Pyrum Innovations AG, a pioneer in the sustainable recycling of end-of-life-tyres (ELT) based on its patented pyrolysis technology, has established the first joint venture to build and operate a pyrolysis plant in Bavaria. Under the company name REVALIT GmbH, a recycling plant with a capacity of 20,000 tons of used tyres is to…
Widerøe and Norwegian signs Letter of Intent for comprehensive co-operation
OSLO, NORWAY: Widerøe AS and Norwegian Air shuttle ASA have signed a Letter of Intent (LOI) to engage and develop a broad strategic co-operation framework which includes joint ticket and passenger interlining. The agreement, a result of several months of dialogue between the parties, also sets out the joint aim to create synergies relating to…
Eurazeo in talks with Apax Partners to sell its majority stake in Vitaprotech
PARIS, FRANCE: Eurazeo has entered into exclusive discussions with Apax Partners to sell its majority stake in Vitaprotech, the French leader in premium security solutions for sensitive sites, a statement noted. The operation would remain subject to applicable regulatory approvals. Eurazeo’s disposal would be set to produce a cash-on-cash multiple of 3.2x and an internal…
Mainstream Renewable Power and Aker Offshore agree to merger their businesses
OSLO, NORWAY: Mainstream Renewable Power and Aker Offshore Wind have entered an agreement to combine the two companies to create a stronger renewable company with a 27 GW portfolio across solar, onshore wind and bottom-fixed and floating offshore wind projects. Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by…
Hoffmann Green Cement acquires ABC Broyage Group
PARIS, FRANCE: Hoffmann Green Cement Technologies announced its first external growth operation by acquiring the group named ABC Broyage, a pure player in the grinding industry, to internalize the processing of its raw materials, a statement said. Thanks to the acquisition of the ABC Broyage group, which owns AB Cesar, Hoffmann Green has integrated the…