Stora Enso to permanently close pulp and paper production at Kvarnsveden and Veitsiluoto mills

Paper demand in Europe has declined for over a decade. This trend has further accelerated due to the pandemic. HELSINKI: Stora Enso will start co-determination negotiations with employees at its…

NNR April 20, 2021

Nasdaq Nordic

SEK 3.9bn divestment of Grand Group and the Grand Hôtel property

The transaction includes the hotel operations Grand Hôtel, Lydmar Hotel and The Sparrow Hotel, all located in Stockholm, as well as the Grand Hôtel property. STOCKHOLM: Investor AB’s Patricia Industries…

NNR April 19, 2021

Nasdaq Nordic

Perry Ha appointed CEO of Anoto Group AB

STOCKHOLM: The Board of Directors of Anoto Group AB has appointed Perry Ha as new CEO for the company. Perry Ha, who previously has served as Chairman of the Board,…

NNR April 19, 2021

Nasdaq Nordic

Valoe and Sono Motors sign EUR 2.2 million co-operation agreement

MIKKELI: Valoe Corporation and Sono Motors GmbH have signed about EUR 2.2 million co-operation agreement related to engineering and concept validation project for utilising solar energy in Sono Motors’ vehicles.…

NNR April 19, 2021

Nasdaq Nordic

Ørsted acquires Ireland and UK onshore wind power platform from Brookfield Renewable

With the acquisition of BRI, Ørsted enters the European onshore market. COPENHAGEN: Ørsted A/S has entered into an agreement with Brookfield Renewable to acquire 100% equity interest in its existing…

NNR April 16, 2021

Nasdaq Nordic

Bayn Group raises SEK 502 million through a directed issue of 20.5 million shares

STOCKHOLM: Bayn Group AB has successfully carried out a directed new issue of 20.5 million shares, at a subscription price of SEK 24.50 per share, entailing proceeds of approximately SEK…

NNR April 16, 2021

Nasdaq Nordic Ratings

Fitch upgrades Reykjavík Energy’s Credit Rating to investment grade

STOCKHOLM: Fitch Ratings has raised Orkuveita Reykjavikur's (RE) Long-Term Issuer Default Rating (IDR) from BB+ to investment grade 'BBB-' with a Stable Outlook. The upgrade reflects our expectation of an…

NNR April 16, 2021

Nasdaq Nordic

AQ Group acquires Schaffner’s Power Magnetic Division for CHF 22.4 million

Schaffner’s Power Magnetics Division is a leading supplier in design and manufacturing of specialized power electronics components STOCKHOLM: AQ Group AB has signed an agreement with the Swiss company Schaffner…

NNR April 15, 2021

Nasdaq Nordic

Starbreeze enters licensing agreement with PopReach for PAYDAY Crime War

STOCKHOLM: Starbreeze has signed a licensing agreement with PopReach Corporation for the re-launch of mobile title PAYDAY Crime War. Under the terms of the agreement, Starbreeze will receive a non-recoupable…

NNR April 14, 2021

Nasdaq Nordic

HEXPOL acquires Unica, a Spanish company in rubber compounds

STOCKHOLM: HEXPOL has signed an agreement to acquire 100% of Unión de Industrias C.A., S.A. (Unica) from Espiga Capital, a Spanish based Private Equity firm. Unica is a significant player…

NNR April 12, 2021

Nasdaq Nordic

Lars Kufall Beck appointed new CFO of Topdanmark

COPENHAGEN: Topdanmark’s CFO Lars Thykier has decided to retire, and he will be replaced by Lars Kufall Beck. Lars Kufall Beck is 46 years old, and he comes from the…

NNR April 8, 2021

Nasdaq Nordic

Jeff Gravenhorst appointed Chairman of SSG

STOCKHOLM: SSG Group (SSG), which is a leading Nordic provider of damage control and adjacent services, appointed Jeff Gravenhorst as chairman. Jeff Gravenhorst (1962) is a professional board member and…

NNR April 7, 2021