OSLO: Mowi ASA has announced an agreement to divest its 50% stake in DESS Aquaculture Shipping to an entity controlled by Antin Infrastructure Partners. Mowi has invested EUR 60m in DESS Aquaculture Shipping to date and our share of proceeds is EUR 115m. Mowi will recognise a gain of approximately EUR 55m in Financial EBIT…
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Cloudberry Clean Energy signs SPA to purchase hydropower companies in Norway
OSLO: Cloudberry Clean Energy AS has signed Share Purchase Agreements (SPA) to purchase two hydropower companies in Norway, Selselva Kraft AS and Skåråna Kraft AS, with a total expected annual production of around 34 GWh, a news release said. Cloudberry, a Nordic renewable energy company, is purchasing the hydropower plants as part of the execution…
Ivar Blekastad appointed CFO of Skitude
OSLO: Skitude Holding AS has appointed Ivar Blekastad as Chief Financial Officer (CFO) of Skitude. Blekastad comes from the position as CFO of Questback, and will be instrumental to Skitude’s ambitious growth and consolidation strategy. “We’re proud to announce Ivar as the new CFO of Skitude, as we’re aiming to consolidate the fragmented industry within…
StrongPoint ASA divests Cash Security business to Cennox NV
RÆLINGEN: StrongPoint ASA has entered into a definite agreement to divest the Cash Security business to Cennox NV, a news release said. he transaction includes the Swedish company StrongPoint Cash Security AB and its subsidiaries StrongPoint BVBA in Belgium, StrongPoint Sarl in France and StrongPoint OOO in Russia. The transaction follows StrongPoint’s 2025 growth strategy…
Vow ASA and world leading manufacturing company join forces to build biogas plant
OSLO: Vow ASA, technology provider for industry decarbonization, has signed a strategic memorandum of understanding with a world leading manufacturing company to build biogas production plant to reduce CO2 emissions from metallurgical processes. The two companies will cooperate on engineering, business modelling and financing of a dedicated biogas plant for an industrial facility in continental…
Aker ASA announces dissolution of joint ownership in Aker Kværner Holding AS
OSLO: Reference is made to the stock exchange announcement made by Aker ASA on July 17, 2020, and the announcement by the Norwegian state, represented by the Ministry of Trade, Industry and Fisheries (NMTIF), on the same date, where it amongst others was informed that Aker and NMTIF had agreed to dissolve the joint ownership…
Everfuel signs MoU with GHH Denmark for green hydrogen storage and supply
HERNING, DENMARK: Everfuel A/S have signed a Memorandum of Understanding (MoU) with Green Hydrogen Hub Denmark (GHH) to explore a long-term cooperation leading to GHH potentially becoming a strategic supplier of hydrogen and hydrogen storage capacity to Everfuel’s growing green hydrogen fuel operations and further ambitions within this emerging industry. GHH is looking into developing…
ELOP enters cooperation agreement with Shanghai based Norient Advisors
OSLO: In order to prepare entry into East Asian markets including China, Elop AS has entered into a cooperation agreement with Norient Advisors Limited, headquartered in Shanghai, China. The cooperation agreement with Norient Advisors is designed to prepare market entry in East Asia due to the interest and potential in the region. While entering into…
OKEA ASA acquires 40 percent operating interest in Vette discovery
TRONDHEIM, NORWAY: OKEA ASA has signed a Sales and Purchase Agreement (SPA) with Repsol Norge AS for the acquisition of Repsol’s 40% operated working interest in PL 972, which includes the Vette oil discovery, with effective date 1 January 2021. The Vette discovery (Block 17/12) is located at a water depth of about 110 metres…
Shearwater signs $437 million refinancing of main debt facilities
OSLO: GC Rieber Shipping ASA‘s 19% owned geoservices company Shearwater GeoServices Holding AS has entered into agreements for refinancing of a majority of the company’s outstanding debt, including the USD 325 million bridge facility originating from the acquisition of the marine seismic acquisition assets and operations of WesternGeco in November 2018. Shearwater has signed new…
Agilyx and Braskem collaborate to explore advanced recycling project in North America
PHILADELPHIA: Agilyx Corporation, a wholly owned subsidiary of Agilyx AS, and Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the initiation of a feasibility study to explore the development and construction of an advanced plastics recycling project in North America. The project aims to examine…
Nokia provides mid-point update on strategy and operating model
ESPOO, FINLAND : Nokia provides an update on its strategy and operating model. On October 29 Nokia announced the first phase of its new strategy, outlining high-level strategic principles alongside a new operating model designed to better position the company for changing markets and align with customer needs. The new model is effective from January…