OSLO, NORWAY: Axiata Group Berhad and Telenor Group have successfully concluded the due-diligence exercise and signed an agreement on the proposed merger of the Malaysian mobile operations, Celcom Axiata Berhad and Digi. Following the 8 April 2021 announcement that Axiata and Telenor were in advanced discussions on the proposed merger, the signing today signifies a…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Zwipe appoints Sonali Intellect Limited as sales partner in Bangladesh
DHAKA, BANGLADESH: Zwipe has appointed Sonali Intellect Limited as its sales and strategic business development partner to accelerate the adoption of biometric payment cards in Bangladesh. With 166 million inhabitants and a fast growing base of 22 million payment cards (credit cards grew 50% between 2019-20), Bangladesh represents a strategic growth opportunity for both partners….
Standard Drilling Plc to sell Standard Olympus for $7.5 million
LIMASSOL, CYPRUS: S.D. Standard Drilling Plc has entered into a Memorandum of Agreement (MOA) to sell Standard Olympus for USD 7.5 million. Through its wholly owned subsidiary Standard Olympus AS, S.D. Standard Drilling Plc, has agreed to sell Standard Olympus for gross USD 7.5 million. The sale of Standard Olympus will result in a gain…
Aker Solutions to provide subsea lifecycle services for Petrobras operated oil and gas fields
OSLO, NORWAY: Aker Solutions is awarded a large framework agreement from Petrobras to provide subsea lifecycle services for Petrobras-operated oil and gas fields offshore Brazil. The agreement has a fixed period of three years and includes an option to extend the contract for two additional years. Aker Solutions defines a large contract as being between…
Andfjord Salmon to double production volumes to 19,000 tonnes
OSLO, NORWAY: Andfjord Salmon AS announced an opportunity to initiate a volume expansion plan at its Kvalnes facility. The plan involves increasing production volume by around 50 percent, from 12,600 to 19,000 tonnes HOG. This is equivalent to an annual EBIT increase from approximately NOK 350 million to NOK 500 million at full production. “We…
Scatec signs a 900 MW solar power plant in India
OSLO, NORWAY: Scatec ASA has entered a partnership with ACME, a leading solar developer in India, to realise a 900 MW solar power plant in the state of Rajasthan, India. The project has an estimated total capex of USD 400 million, with 75% debt financing from an Indian state-owned lender. Scatec will hold a 50%…
Nordhealth AS completes NOK 400 million acquisition of Aspit AS
ESPOO, FINLAND: Nordhealth AS, a provider of cloud-based Practice Management Software (PMS), has completed the acquisition of 100% of the shares outstanding in Aspit AS for a cash consideration of approximately NOK 400 million to strengthen the Company’s market position and product offering, a news release said. Aspit is a leading supplier of electronic patient…
Glen Ole Rødland steps down as Chairman of Seadrill Board
HAMILTON, BERMUDA: Seadrill Limited announced that Glen Ole Rødland has notified Seadrill that he will be stepping down from the Board with immediate effect, having been Chairman since November 2019. The Board would like to thank Glen for his leadership and counsel during his tenure as Chairman of Seadrill, and the work he has led…
Cecilie Jonassen appointed CEO of Vow ASA’s spin-off Vow Green Metals
OSLO, NORWAY: The Board of Vow Green Metals confirmed the appointment of Cecilie Jonassen and Lars Mårdalen as Chief Executive Officer (CEO) and Chief Financial Officer (CFO), respectively of the new company. The appointments are important steps towards the demerger and separate listing of Vow Green Metals later this year. Established by and currently a…
Aker Horizons CEO Kristian Røkke appointed Chairman of Mainstream Renewable Power
OSLO, NORWAY: Kristian Røkke has been appointed Chairman of the Board of Mainstream Renewable Power, succeeding Dr O’Connor, who is leaving the Board. Mr. Røkke is CEO of Aker Horizons AS. “On behalf of the Board, I wish to thank Eddie for his unwavering commitment and dedication to fulfilling his vision of a world electrified…
Philippe Kavafyan appointed CEO of Aker Offshore Wind
OSLO, NORWAY: Philippe Kavafyan has been appointed Chief Executive Officer of Aker Offshore Wind to deploy his vast experience from the wind industry to accelerate the deepwater wind developer’s growth ambitions across projects in Asia, Europe and North America, a news release said. Kavafyan’s career spans more than 30 years, including over 15 years in…
Everfuel launches plan for Danish hydrogen fueling network
HERNING, DENMARK: Everfuel A/S has launched the company’s H2 station roll-out plan for Denmark targeting up to 19 strategically positioned fueling sites for zero emission transport by end of 2023. The plan is the third and final section of the Everfuel’s Scandinavian green hydrogen fueling strategy for trucks, buses and cars connecting the main traffic…