LIMASSOL, NORWAY: S.D. Standard ETC Plc. (Standard ETC) announced the acquisition of 25% of Dolphin Drilling Holdings Limited, a harsh environment drilling operator for the offshore oil and gas industry, for USD 10 million through an equity issue. Standard ETC has today acquired 25% of Dolphin Drilling through an equity issue for a cash consideration…
Category: Euronext
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Eiffage entered negotiations to acquire 70% of Snef Telecom capital
PARIS, FRANCE: Eiffage, through its subsidiary Eiffage Énergie Systèmes, has signed an agreement to acquire 70% of Snef Telecom. Snef Telecom – a subsidiary of Snef and a leading player in the French mobile telecoms market – generated almost €200 million in revenue in 2021 and employs around 1,000 people nationwide. The acquisition will allow…
HAV Group gets approval for hydrogen-based energy system for ships
OSLO, NORWAY: HAV Group ASA has been granted preliminary approval for the hydrogen-based energy system developed in the FreeCO2ast project. The approval is a major step towards the commercial use of hydrogen fuel by a commercial vessel. “Hydrogen can be the key to achieve zero-emission shipping. This regulatory approval takes us an important step towards…
Techstep acquires SaaS company Crypho for NOK 10mn
OSLO, NORWAY: Techstep ASA has signed an agreement to acquire the entire share capital of Crypho AS, an end-to-end encrypted enterprise software as a service (SaaS) messaging and file-sharing application. The acquisition price is NOK 10 million at enterprise value basis and is fully financed through a combination of share issue, earn-out and debt. Crypho…
Elop awarded US patent for its Multrawheel ultrasonic technology
OSLO, NORWAY: Elop Technology has been granted a patent for its MultraWheel technology in the USA. The Multrawheel scanner allows for cheaper and more efficient inspections of composite materials like wind turbine blades and aerospace applications, as well as metal structures like ship hulls – both representing markets with huge potential for Elop. The global market…
Höegh LNG to charter out two FSRUs in Germany for 10 years
HAMILTON, BERMUDA: Höegh LNG Holdings signed binding implementation agreements with the German Federal Ministry for Economic Affairs and Climate Action to charter out two FSRUs from its fleet for operations in Germany for 10 years. The detailed FSRU contracts are scheduled to be completed by September/October, and FSRU operations are expected to commence at the end of…
Awilco Drilling sells WilPhoenix rig for $15.5mn
ABERDEEN, NORWAY: Awilco Drilling announced that its fully owned subsidiary Awilco Drilling Offshore (UK) Limited has signed a Memorandum of Agreement (MOA) for the sale of the WilPhoenix rig to Well-Safe Solutions Ltd. The agreed purchase price is USD 15.5 million. Expected time of delivery of the rig is on or around 1 June 2022….
Yara Clean Ammonia plans IPO on Oslo Stock Exchange
OSLO, NORWAY: Yara International is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange. Consistent with Yara’s ownership approach, the evaluation of a potential future listing is focused on attracting minority investors and reflects Yara’s strategic ambition to enable the hydrogen economy, where clean ammonia…
Elop intends to divest Simplifai for NOK 140 million
OSLO, NORWAY: Elop AS has received a cash consideration offer for the acquisition of 100 percent of the shares in its operating subsidiary Simplifai. The offer values Simplifai at an enterprise value of NOK 140 million and will secure Elop the financial strength to accelerate commercialization of its technologies and further grow the company until…
Aker, Cognite & Telenor jointly establish software security business, Omny
FORNEBU, NORWAY: Aker Capital, Cognite and Telenor, are establishing a software security company to serve industry and operational technology. The company called Omny will fill a gap in the cybersecurity market where there is a great unmet need for software that prevents cyber-attacks and secures businesses’ operations. The aim is to build a Norwegian software…
Norsk Hydro offers to acquire Polish recycler Alumetal for EUR 232mn
OSLO, NORWAY: Norsk Hydro has announced a tender offer for the acquisition of 100% of the shares of Alumetal S.A, a company listed on the Warsaw Stock Exchange for 68.4 PLN per share in cash, representing an aggregate equity purchase price of approximately 1.066 PLN million (approx. EUR 232 million). The transaction implies an Enterprise…
Scatec refinances six power plants in Egypt with a Green Project Bond
OSLO, NORWAY: Scatec, a leading renewable energy solutions provider, and its partners have refinanced the non-recourse project debt for six solar power plants in Egypt, with a total capacity of 380 megawatts (MW), through the issuance of a 19-year USD 334.5 million non-recourse Green Project Bond. The refinancing will provide increased leverage, extended tenor, and…