OSLO, NORWAY: Due to unaffordability of operations in the current energy environment i.e. high energy prices, temporary downtime has been initiated at the Bruck paper mill in Austria. The new boiler scheduled for start-up in April is expected to contribute to alleviate the situation by reducing the mill’s gas consumption and improve its energy supply….
Category: Euronext
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Techstep signs managed mobility solutions agreement with HeidelbergCement
OSLO, NORWAY: Techstep has signed an agreement with the building materials manufacturer HeidelbergCement in Norway, to provide its Managed Mobility Solutions, SmartDevice to 1,000 users in the country. SmartDevice is Techstep’s mobile device lifecycle solution powered by Techstep’s own lifecycle handling software, including online store, self-service management portal for end-users and administrators, and the purchase…
Jinhui Shipping and Transportation sells a Supramax vessel for $13.9mn
OSLO, NORWAY: The Board of Jinhui Shipping and Transportation Limited announced that a wholly-owned subsidiary of the company entered into a memorandum of agreement on 8 March 2022 for the disposal of a Supramax at a consideration of $13.9 million. The vessel will be delivered to the purchaser or its nominee between 15 March 2022…
ORANGE and MASMOVIL enter negotiations to merge operations in Spain
PARIS, FRANCE: ORANGE and MASMOVIL (LORCA JVCO) have entered into exclusive discussions to combine their businesses in Spain. The combination would take the form of a 50-50 Joint Venture, co-controlled by ORANGE and MASMOVIL (LORCA JVCO) with a combined enterprise valuation of €19.6Bn. Valuations are attractive for both businesses, with ORANGE Spain’s enterprise value at…
Robert Jan van de Kraats steps down from VEON Board
AMSTERDAM: VEON Ltd. (NASDAQ: VEON), a leading global provider of connectivity and internet services, announced that Mr. Robert Jan van de Kraats has stepped down as a director from the VEON Board with effect from 7 March 2022. Mr. van de Kraats informed the Board – of which he was a member since July 2018…
Eurazeo to sell its 47% stake in Reden Solar based on a €2.5bn Enterprise Value
PARIS, FRANCE: Eurazeo has reached an agreement with Macquarie Asset Management, in a consortium with British Columbia Investment Management Corporation (BCI) and MEAG, to sell its 47% stake in Reden Solar, a leading European independent solar power producer, based on a €2.5bn Enterprise Value. Reden Solar is active across eight countries, with more than 750…
Akobo Minerals lay the foundation stone for its Segele mine in Ethiopia
OSLO, NORWAY: Akobo Minerals has performed a ceremony to lay the foundation stone for its Segele mine in Ethiopia. This marks the start of the company’s next phase towards mining and gold production. Initial production is expected to commence by the end of 2022, ramping-up into 2023. Once fully operational, the company estimates an annual…
Accsys finalizes investment in $136mn Accoya production facility in USA
AMSTERDAM: Accsys, the fast-growing and eco-friendly company that combines chemistry and technology to create sustainable wood building products, has concluded a final investment decision to construct and operate a new Accoya production facility in the USA, a statement noted. Final Investment Decision Accsys and Eastman Chemical Company have completed the remaining planning workstreams required and…
AI software company, Elliptic Labs uplisted to the Main List of Oslo Bourse
OSLO, NORWAY: Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in Virtual Smart Sensors, has been uplisted to the main list of the Oslo Stock Exchange (OSE). Elliptic Labs has traded on the Euronext Growth trading platform in Oslo since October, 2020. “Joining the main listing at the OSE is…
Mutares SE acquires Sheffield Operations of Allegheny Technologies
MUNICH: Mutares SE & Co. has signed an agreement to acquire Sheffield Operations of Allegheny Technologies Incorporated (ATI). Rebranding of the entity as Special Melted Products Limited will follow, a bourse filing noted. This acquisition will strengthen the Engineering & Technology segment as a new platform investment. The closing of the transaction is expected by…
Cool Company completes 1st acquisition of modern LNG tankers from Golar LNG
OSLO, NORWAY: Cool Company Ltd. announced that the first of its eight acquisitions of modern LNG tankers from Golar LNG Limited was completed on 3 March, 2022. The vessel acquisitions were announced on 15 December 2021, cfr. Golar’s press release of such date. Final terms for the acquisition were agreed and documented between the parties…
Mutares submits offer to acquire Vallourec Bearing Tubes
MUNICH: Mutares SE & Co. has signed a put option to acquire Vallourec Bearing Tubes (VBT) from Vallourec. The company will strengthen the Engineering & Technology segment as a new platform investment. The closing of the transaction is expected in the second quarter of 2022 after consultation of the works councils and subject to approval of the…