OSLO, NORWAY: The Norwegian central bank, Norges Bank, Thursday raised the key policy rate by 0.25 percentage points. DNB has today decided to increase the interest rate on home mortgages by up to 0.25 percentage points. “Norges Bank’s key policy rate increase marks the end of an historical period with zero interest rates. We are…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Noreco fixes $1.0 billion interest rate exposure under RBL facility until June 2024
OSLO, NORWAY: Norwegian Energy Company ASA (Noreco) has entered into a USD 1.0 billion swap transaction with a group of banks to fix the Company’s floating interest rate exposure under its Reserve Based Lending (RBL) facility from 1 Nov 2021 until 30 June 2024. Noreco will as a result pay interest on its RBL cash…
Entra ASA and Linstow acquire 33.3% shares of Oslo S Utvikling AS for NOK 950 million
OSLO, NORWAY: Entra ASA and Linstow entered into an agreement to acquire Bane NOR Eiendom’s 33.3% share of Oslo S Utvikling AS (OSU) for NOK 950 million (NOK 475 million for Entra’s share). After the transaction Entra and Linstow will each hold 50% of Oslo S Utvikling AS (OSU). OSU was established in 2001 and…
Vow ASA awarded contract with Chantiers de l’Atlantique for world largest cruise ship
OSLO, NORWAY: Vow ASA has through its subsidiary Scanship been awarded a contract with the French shipyard Chantiers de l’Atlantique for the delivery of advanced wastewater purification system to be installed on the seventh newbuild for Royal Caribbean International Oasis class of ships, a news release said. This newbuild is planned to be the largest…
Saga Pure acquires Hyon and partners with Nel and Norwegian Hydrogen
OSLO, NORWAY: Saga Pure ASA announced the acquisition of Hyon AS from former owners, amongst them, PowerCell Sweden AB. Saga Pure, Nel ASA and Norwegian Hydrogen AS will have equal shareholdings in the company. Hyon has a strong position within maritime hydrogen solutions and will mainly focus on developing hydrogen and bunkering solutions for harbors…
Orkla ASA acquires New York Pizza at an enterprise value of EUR 145 million
OSLO, NORWAY: Orkla ASA has entered into an agreement to purchase 75% of the shares in New York Pizza, one of the leading pizza chains in the Netherlands. Last year, New York Pizza sold 11.5 million pizzas and had total turnover of EUR 54.7 million (including dough manufacturing turnover), equivalent to approximately NOK 555 million….
Norsk Solar signs agreement for 37 MW with Órigo Energia in Brazil
STAVANGER, NORWAY: Norsk Solar AS (NSOL) has entered into a development agreement for 37 MWp to provide clean energy to Órigo Energia, a news release said. Norsk Solar will finance, build, own, and operate the solar projects portfolio of 12 projects. “This agreement is a natural next step in the Norsk Solar business plan and…
SmartCraft goes public on Oslo Børs
OSLO, NORWAY: With a mission of simplifying business for construction companies and craftsmen, the SaaS company SmartCraft ASA goes public on Oslo Børs today, with a market capitalization of approximately NOK 3 billion. “The listing on Oslo Børs today, marks a huge milestone for the company. We have received strong support from many new shareholders,…
Aker Clean Hydrogen acquires 20% ownership in Meraker Hydrogen AS
OSLO, NORWAY: Aker Clean Hydrogen, through investing in a private placement, has acquired 20 percent ownership in Meraker Hydrogen AS, a news release said. The aim of the investment is to accelerate the development of green hydrogen production in Mid-Norway and decarbonize local transportation and industry. The company intends to build a plant producing up…
BW Ideol and Hitachi ABB to develop scalable floating substations for offshore wind
OSLO, NORWAY: BW Ideol has signed a memorandum of understanding with Hitachi ABB Power Grids, the world’s leading supplier of grid integration and power quality solutions, for an industry-first collaboration on developing scalable floating substations to support development of profitable commercial-scale floating offshore wind farms with high-capacity wind turbines. Floating offshore wind is the next…
Cloudberry Clean Energy ASA lists on Oslo Børs
OSLO, NORWAY: Cloudberry Clean Energy ASA uplists from Euronext Growth to Oslo Stock Exchange’s main list, Oslo Børs. Since Cloudberry was listed on Euronext Growth in April 2020, the company has raised NOK 1.8 billion in equity from Nordic and international investors, enabling substantial progress in developing the company’s portfolio of wind and hydropower energy…
Geir Karlsen appointed new CEO of Norwegian Air Shuttle
OSLO, NORWAY: Geir Karlsen has been appointed new CEO of Norwegian Air Shuttle ASA. Karlsen succeeds Jacob Schram. The appointment will be effective June 21st 2021. “I am pleased to announce that Geir Karlsen on requet of the Board has accepted the job as CEO of Norwegian. Karlsen has successfully led the financial reconstruction of…