OSLO, NORWAY: North Energy ASA announced that Wind Catching Systems AS (WCS), the developer of floating offshore wind technology has completed a Series A investment round of up to USD 10 million led by the venture capital arm of an undisclosed global industrial company. The proceeds from the Series A financing will be used to…
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Oil and Gas discovery in the Barents Sea
OSLO, NORWAY: Vår Energi confirms discovery of oil and gas in the Equinor operated Skavl Stø exploration well in the Johan Castberg area. The primary exploration target for the 7220/8-3 Skavl Stø well was to prove hydrocarbons in the Stø Formation of the Realgrunnen SubGroup. The well encountered a hydrocarbon column of 46 meters with…
Vortex Energy invests €222mn into Ignis Energy
MADRID: Vortex Energy, a leading renewables-focused investment vehicle in Europe, managed by the private equity arm of EFG Hermes, has announced today that it invested to-date in Ignis c. €222 million of equity capital, consequently fulfilling its terms of its partnership with Ignis that it initiated last year. Since Vortex Energy’s initial investment in Q4…
Gaming Innovation Group signs a head of terms agreement with Crab Sports in Maryland
OSLO, NORWAY: Gaming Innovation Group Inc. (GiG), has signed a head of terms agreement with US based sports betting brand, Crab Sports, to provide its award winning Platform and Sportsbook solution in Maryland. This is the first deal in the US for the new and greatly expanded offering of GiG and Sportnco, and provides an…
Nordec Group Corporation plans IPO on the Nasdaq First North Growth Market
MUNICH: Nordec Group Corporation, a portfolio company of Mutares SE & Co KGaA, intends an initial public offering (IPO) with subsequent listing on Nasdaq First North Growth Market Finland, a multilateral marketplace maintained by Nasdaq Helsinki Ltd. Trading of the shares on the Nasdaq First North Growth Market Finland is expected to commence on or…
NBX and eGroup will launch first crypto index fund in the Nordics
OSLO, NORWAY: eGroup AS will soon launch the first index fund for cryptocurrencies in the Nordics. The fund will give institutional investors direct exposure to the largest cryptocurrencies by market cap. Norwegian Block Exchange (NBX) will deliver a solution for trading and custody. Demand for cryptocurrency has grown rapidly in recent years, and a survey…
Mutares SE signs agreement to acquire Cimos d.d.
MUNICH: Mutares SE & Co. has signed an agreement to acquire Cimos d.d. and its subsidiaries from TCH S.r.L. The closing of the transaction is expected in the third quarter of 2022. The company will act as a key Eastern European platform for Mutares’ Automotive & Mobility segment with seven production plants across Slovenia, Croatia,…
ASA Pakistan receives Microfinance Banking licence
AMSTERDAM: ASA International Group plc, one of the world’s largest international microfinance institutions, announces that ASA Pakistan received the Microfinance Banking (‘MFB’) licence from State Bank of Pakistan (‘SBP’) on 24 May 2022. On 3 January 2020, ASA Pakistan received an in-principle approval (via a No Objection Certificate or NOC) from SBP to transform into a…
TotalEnergies signs LNG Long-Term Sale Contract with Hanwha Corporation
PARIS, FRANCE: TotalEnergies (Paris:TTE) has signed a Sale and Purchase Agreement (SPA) with the Korea’s Hanwha Energy Corporation for the supply of 600,000 metric tons of liquefied natural gas (LNG) per year over 15 years, starting in 2024. The LNG will be sourced from TotalEnergies’ global LNG portfolio, delivered to the Tongyeong regasification terminal in…
Circa and Valmet partner to industrialise biochemicals production
OSLO, NORWAY: Circa and Valmet have signed a Heads of Agreement to realise and optimise the Furacell production process at scale through the ReSolute project and future large-scale plants. Valmet will be the main process technology and equipment supplier, and actively contribute to accelerating the development of Circa’s large-scale production plants. The cooperation considerably strengthens…
Havyard Group signs NOK 285mn business combination with HG Group
OSLO, NORWAY: Havyard Group ASA (OSE: HYARD) has entered into a business combination agreement whereby Havyard will formally acquire all shares of HG Group AS and remaining shares in BKS Holding AS to the extent not already owned by HG Group AS, for an aggregate equity value of NOK 285 million. Through the Transaction the…
Aker Horizons to collaborate with UiT Narvik
OSLO, NORWAY: Aker Horizons ASA (OSE: “AKH”), through its wholly owned subsidiary Aker Narvik AS, will collaborate with UiT The Arctic University of Norway’s (UiT) Faculty of Engineering Science and Technology (“IVT faculty”) in Narvik to develop the skills and competencies required for the green industrial jobs of the future. The collaboration is part of…