OSLO, NORWAY: Self Storage Group ASA has entered into an agreement to acquire a land property in Skien, Norway. The transaction has a value of NOK 8.5 million. SSG has also signed an agreement with Seltor AS, who will construct a purpose-built self- storage facility on the land plot. The contract with Seltor AS has…
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TotalEnergies makes significant discovery offshore Namibia
PARIS, FRANCE: TotalEnergies (LSE:TTE) has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir. “This discovery offshore Namibia and the…
BEWI announces intention to acquire Baltic insulation company
OSLO, NORWAY: BEWI, a leading provider of packaging, components, and insulation solutions, has entered a letter of intent to acquire 100 per cent of a Baltic insulation company. The Baltic company operates facilities for manufacturing of insulation solutions and has recorded profitable growth recent years, with net sales in the range of EUR 25 to…
Dtac and True agree to create a new telecom-tech company in Thailand
OSLO, NORWAY: Total Access Communication (Dtac) and True Corporation (True) announces that following the completion of the merger due diligence, the Board of Directors of each company approved the amalgamation and entered into an agreement to create a new telecom-tech company. As announced on 22 November 2021, there will be a voluntary tender offer (VTO) following regulatory…
Lyse to acquire Ice Group Scandinavia Holding for NOK 3.0bn
OSLO, NORWAY: Lyse AS has entered into heads of terms with Ice Group ASA to acquire all shares of Ice Group Scandinavia Holding AS and such additional assets and shares which belong to the business of Ice, including all the shares of Ice Communication Norge AS, Phonepartner Norge Holding AS and Ice Retail Holding AS at an…
Wilhelmsen New Energy to acquire a 21% stake in Reach Subsea for NOK 150mn
HAUGESUND, NORWAY: Reach Subsea announced that Wilhelmsen New Energy AS has entered into an investment agreement whereby Wilhelmsen has agreed to become a 21% shareholder in Reach Subsea through subscribing for NOK 150 million in a directed private placement. The investment agreement forms part of a broader partnership, which will see the launch of the…
Reach Subsea acquires offshore survey company iSURVEY
HAUGESUND, NORWAY: Reach Subsea ASA, a provider of subsea services globally, has entered into an agreement with iSURVEY Holding AS to acquire ISURVEY Group AS, a provider of offshore high-quality survey services, for NOK 135 million. “With the acquisition of ISURVEY, we are developing Reach Subsea into a larger, more robust, fully integrated company, with…
Forestia expands distribution of particle boards, OSB panels & plywood panels
VENNESLA, NORWAY: Forestia is aiming to establish Norway’s largest distribution centre for particle boards, OSB panels and plywood panels for the Norwegian building materials market. Byggma’s subsidiary, Forestia, is today Norway’s leading producer of particle boards. To strengthen the company’s position in the Nordic building materials market, Forestia, together with its sister company Byggform, will…
Corvinus to acquire 45% participation in the Hungarian VIG companies
AMSTERDAM: An agreement is reached between VIG and the Hungarian state holding Corvinus Nemzetközi Befektetési Zrt. (Corvinus) pursuant to which Corvinus is to acquire a 45% participation in the Hungarian VIG companies. The Hungarian VIG companies will be held through the Hungarian VIG holding company (VIG Magyarorszag Befektetesi Zrt.) and two Dutch holding companies (Aegon…
Latécoère strengthens space activities through three Cooperations with Airbus
PARIS, FRANCE: Latécoère (Paris:LAT), a leading partner of major international aircraft manufacturers and the European leader in satellite wiring, has signed three major cooperation projects with Airbus, a statement said. Latécoère designs, industrializes, produces and integrates electrical harnesses for three emblematic European space programs: the Eurostar Neo satellites, for both the Service Modules (SM) (especially…
Elis acquires Textilservice Jöckel in Germany
SAINT-CLOUD, FRANCE: Elis has announced the signing of an agreement to acquire 100% of Textilservice Jöckel. The closing of the transaction is subject to customary regulatory conditions. Elis is an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin America, Jockel is fully dedicated to Healthcare clients…
Magnora ASA is acquiring 92% stakes in African Green Ventures
OSLO, NORWAY: Magnora ASA is increasing its focus in the South African solar and wind market by acquiring 92% of the renewable project development company African Green Ventures (AGV). The remaining 8% will be owned by AGV management. Simultaneously, Magnora is selling all its shares in Vindr AS to its founders and discontinues the development…