OSLO, NORWAY: Mainstream Renewable Power, the global renewable energy company, announced that Mitsui & Co., Ltd. has agreed to invest EUR 575 million in Mainstream in the form of new common shares, corresponding to a 27.5 percent equity stake in the company. Mitsui will take a long-term active role in the growth of the company,…
Category: Euronext
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Aker collaborates with Microsoft for scaling of the carbon capture value chain
OSLO, NORWAY: Aker Carbon Capture has signed a Memorandum of Understanding (MoU) with Microsoft to pursue joint innovation and explore opportunities to offer services in the Carbon Capture, Utilization and Storage (CCUS) market. Aker Carbon Capture and Microsoft will demonstrate the full value chain of carbon reduction and removal utilizing Aker Carbon Capture’s proprietary CCUS…
Boskalis consortium wins Hollandse Kust West Beta export cabling contract
AMSTERDAM: Royal Boskalis Westminster N.V., a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors, has been awarded the Hollandse Kust West Beta export cable contract by TenneT, in consortium with Orient Cables (NBO). The contract scope comprises the installation of two 65-kilometer-long export cables that will connect the planned…
Majorel Group included in the FTSE Global Small Cap Index
LUXEMBOURG: Majorel Group Luxembourg S.A., a leading global provider of next-generation end-to-end customer experience (CX) solutions for digital-native and vertical leading brands, has been included in the FTSE Global Small Cap Index (GEISSC), the small cap segment within the FTSE Global Equity Index universe. Following FTSE’s semi-annual index review, it announced on February 23, 2022…
Aker Horizons sells all stake in REC Silicon to Hanwha for NOK 1.4bn
OSLO, NORWAY: Aker Horizons ASA‘s wholly owned subsidiary Aker Horizons Holding has today entered into an agreement with South Korea’s Hanwha Solutions Corporation and Hanwha Corporation to sell all of Aker Horizons’ shares in REC Silicon ASA. Aker Horizons will sell 70.104 million shares in REC Silicon at a purchase price of NOK 20 per…
Hafslund Eco becomes the majority owner of Fortum Oslo Varme
OSLO, NORWAY: An industrial partnership of Hafslund Eco, Infranode and HitecVision has entered into an agreement with Fortum to purchase Fortum’s 50 per cent share in Fortum Oslo Varme. As part of the transaction, the City of Oslo will transfer its 50 per cent stake in Fortum Oslo Varme to Hafslund Eco. Following the transaction,…
Panoro Energy appoints country managers for Gabon, Tunisia & Equatorial Guinea
OSLO, NORWAY: Panoro Energy ASA announced the appointment of Country Managers. In addition to Sofiane Gaied, who joined Panoro as Country Manager Tunisia in 2018, Ghislain Boukoubi has been appointed as Country Manager Gabon, and Antonino Edjang Ondo has been appointed as Country Manager Equatorial Guinea. Panoro’s Country Managers are nationals and permanent residents of…
Tufton Oceanic buys Handysize Bulker for $25.5mn
OSLO, NORWAY: The Board of Tufton Oceanic Assets Limited has agreed to acquire a Handysize Bulker for $25.5 million. It is being acquired slightly above DRC but the strong cash flows from its charter will significantly de-risk the investment. The vessel has a fixed rate time charter of nine to twelve months producing a net…
EDF Group announces rights issue to raise 3.1bn euros
PARIS, FRANCE: EDF Group, a French multinational electric utility company largely owned by the French state, announced the launch of a share capital increase with preferential subscription rights to existing shareholders, for a gross amount of more than 3.1 billion euros. The net proceeds from the Rights Issue will primarily be used to finance the…
Sale of Telenor Myanmar approved by Myanmar authorities
OSLO, NORWAY: Myanmar Investment Commission has given final regulatory approval to the sale of Telenor Myanmar to M1 Group, a bourse filing noted. During the regulatory approval process the Myanmar authorities made it a condition that M1 Group should have a local partner in the ownership of Telenor Myanmar after the transaction between Telenor and…
IMCD N.V. nominates Marcus Jordan for COO and member of Management Board
ROTTERDAM: IMCD N.V. announced the proposed appointment of Marcus Jordan as Chief Operating Officer (COO) and member of the Management Board. Marcus Jordan has been working for the company for 23 years and currently serves as Executive Committee member and President IMCD Americas. With the proposed appointment, the Management Board of IMCD will expand to…
Kongsberg Automotive wins contract worth EUR 58mn
OSLO, NORWAY: Kongsberg Automotive’s Fluid Transfer Systems (FTS) business unit has secured a contract worth EUR 58 million in estimated lifetime revenue and average annual revenue of EUR 14.5 million. The four-year contract covers Kongsberg Automotive’s Fluoro-Comp hose, and stainless-steel braided PTFE brake lines for a global automotive Tier 1 supplier based in North America….