RUEIL-MALMAISON, FRANCE: Schneider Electric has signed on July 3rd, 2022 a binding agreement regarding the sale of Schneider Electric Russia to the local leadership team. Closing of the transaction will be subject to regulatory approvals and satisfaction of other closing conditions. Since 24 February 2022 Schneider Electric has put on hold new investments in Russia and Belarus…
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Yara International sells stake in Dallol mining project in Ethiopia
OSLO, NORWAY: Yara International has signed a Share Purchase Agreement with XLR Enterprises Limited to sell its ownership interest in the Dallol mining project in Ethiopia. The Dallol mining project comprises a planned Sulphate of potash (SOP) mine in the Afar region in Ethiopia. Yara has been the majority shareholder in the project, with XLR…
Saint-Gobain divests its business in Denmark
LONDON, UK: Saint-Gobain has signed a binding agreement to sell its wood processing and distribution business in Denmark, Protræ, because of inadequate positioning and lack of critical mass, to its main customer jem & fix. Protræ employs around 100 people located in two facilities in Rødding and Holsted, and generated sales of around €120 million…
TECO 2030 gets funding for developing the high-speed vessel of the future
LYSAKER, NORWAY: TECO 2030 ASA (OSE: TECO) leads a consortium with partners Umoe Mandal and BLOM Maritime to develop a hydrogen powered high-speed vessel with zero emissions. The consortium will receive up to 5 million NOK in funding support. The vessel will combine the class-leading fuel cell systems from TECO 2030 and energy-efficient catamaran design…
TGS acquires Prediktor
OSLO, NORWAY: TGS ASA, a global provider of energy data and intelligence, has acquired Prediktor AS, a leading provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling…
Azelis Group to acquire distribution assets of Ak-taş in Turkey
BRUSSELS, BELGIUM: Azelis Group, a leading global innovation service provider in the specialty chemicals and food ingredients industry, has signed an agreement to acquire the specialty lubricant (L&MWF1) distribution assets of Ak-taş in Turkey. The transaction includes the oil additive business of Ak-taş as well as the base oil distribution business of Whitechem, a subsidiary…
Nordec Group cancels its IPO on the Nasdaq First North Growth Market in Finland
MUNICH: Nordec Group Corporation, a portfolio company of Mutares SE & Co. KGaA has today decided to cancel its initial public offering (IPO) and subsequent listing of its shares on the Nasdaq First North Growth Market in Finland due to an abnormal capital markets situation.
Eurazeo selling 51% stake in Trader Interactive to carsales for $350mn
PARIS, FRANCE: Eurazeo SE has announced sale of its remaining 51% stake in Virginia (USA)-based Trader Interactive to carsales, the largest online automotive advertising platform in Australia with a growing presence in Latin America and Asia. The sale of the 51% stake represents pre-tax proceeds of $350 million for Eurazeo and its affiliates, of which…
TINC enters into a partnership with leasing solutions provider, Zelfstroom
BRUSSELS, BELGIUM: TINC, the infrastructure investor listed on Euronext Brussels, has entered into a partnership with Zelfstroom (NL), the largest provider of leasing solutions of solar power systems in the Netherlands. TINC has entered into a partnership with Zelfstroom, the largest provider of leasing solutions of solar power systems to private home owners in the…
HAV Group signs intent to acquire Høglund Marine Solutions
OSLO, NORWAY: HAV Group ASA today announced the signing of a letter of intent for the acquisition of Høglund Marine Solutions AS, a leading provider of sustainable marine technologies and services, a statement said. “The potential acquisition of Høglund Marine Solutions will enhance our portfolio of marine technologies and services and holds a strong strategic…
Solutions 30 in exclusive negotiations for the acquisition of EnergyGo
PARIS, FRANCE: Solutions 30 SE has entered into exclusive negotiations for the acquisition of EnergyGo, a specialist in energy renovation, a news release said. EnergyGo is an expert in the energy renovation of individual homes, with more than 25,000 projects completed since its creation in 2010. With this transaction, the group confirms that it is…
Forsee Power to establish battery systems gigafactory in the Columbus Region
PARIS, FRANCE: Forsee Power, an expert in smart battery systems for sustainable electromobility, announced at the SelectUSA Investment Summit in Washington D.C. that the Group establishes its North American headquarters and gigafactory in Hilliard, Ohio. This is a major step in the development of the Group that now has a unique international footprint in the…