OSLO: Bouvet ASA has announced appointment of Per Gunnar Tronsli as the new CEO of the company. Tronsli will take office on 1 January 2021. “Bouvet is built on values where a sharing culture and a strong community are cornerstones,” says chair Pål Egil Rønn. “Sverre Hurum has led the company from the start to…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Europris opens new store at Løren in Oslo
FREDRIKSTAD: Europris opened a new store today in Oslo’s Løren district. This brings the group’s extensive network of stores to 266. Today’s opening is the fourth in 2020, and the second in the company’s City concept. The group has a robust pipeline of new stores for 2021 and beyond, including both ordinary Europris stores and…
Nel ASA signs MoU with Everfuel for further development of H2 Fuel Norway
OSLO: Nel ASA has entered into an MoU with Everfuel A/S, which among other things involves Everfuel taking a majority stake in H2 Fuel Norway AS, a fully owned company of Nel, and changing the name to Everfuel Norway Retail AS. “Becoming part of Everfuel’s activities in Norway is a natural next step for H2Fuel,…
Mercell Holding to acquire Visma Commerce in a NOK 2.0 billion deal
OSLO: Mercell Holding AS, through a wholly-owned subsidiary, signed a binding agreement to acquire 100 percent of the shares in Visma Commerce AB and Visma Commerce AS (jointly “Visma Commerce“) from Visma AS, for an enterprise value of SEK 2.0 billion. The acquisition represents a major step forward in Mercell’s strategy to become the leading…
SBB to launch voluntary tender offer to acquire Entra ASA
STOCKHOLM: Samhällsbyggnadsbolaget i Norden AB (SBB) announced its intention to launch a voluntary tender offer to acquire all the outstanding shares in Entra ASA to create the leading European social infrastructure player. The Entra shares are traded on the Oslo Exchange under ticker “ENTRA”. www.entra.no Under the terms of the Offer, Entra shareholders will be…
Seabird Exploration to list subsidiary Green Minerals on Euronext Growth Oslo
LIMASSOL, CYPRUS: Seabird Exploration Plc has announced plan for funding and listing of 100pc owned subsidiary Green Minerals AS (GM). * Green Minerals to issue NOK 30 million in equity to new investors * Seabird will own between 75pc and 79pc of GM post issue * GM to seek listing on Euronext Growth Oslo *…
Kahoot! acquires Drops for an enterprise value of $31 million
OSLO: Kahoot!, the global learning platform company, announced the acquisition of Drops, one of the fastest growing language platforms in the world, for an enterprise value of $31 million. Through this acquisition, Kahoot! plans to further expand its platform and make language learning awesome for millions of Kahoot! users worldwide as well as bring the…
AqualisBraemar to acquire LOC Group
OSLO: AqualisBraemar ASA has entered into an agreement to acquire 100 percent of the shares in LOC Group, thereby creating a leading global independent offshore energy and marine consultancy, a news release said. “Our strategy is clear; we want to grow through continued expansion in the rapidly growing offshore renewables industry, and leverage on our…
Höegh LNG to supply FSRU to H-Energy in India
HAMILTON, BERMUDA: Höegh LNG Holdings Ltd. has entered into a binding commitment to supply H-Energy with a Floating Storage Re-gasification Unit (FSRU) in Jaigarh from as early as first quarter 2021, a news release said. Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination…
Volue AS acquires Likron GmbH to create algorithmic trading powerhouse
OSLO: Volue AS, an Arendals Fossekompani portfolio company, has signed an agreement to acquire Likron GmbH (Likron) to strengthen the position as the leading provider of algorithmic power trading solutions in Europe, a news release said. “We are pleased to announce the accretive acquisition of Likron to further strengthen our offering within power trading software…
BaneNor and StrongPoint approve NOK 55.6 million relocation compensation
RÆLINGEN: StrongPoint received in 2019 an offer of NOK 55.6 million as a compensation for the disturbance and costs of relocating its labels production facility in Tangen, Norway. The settlement and time of payment have today been approved by both BaneNor and StrongPoint. This refers to the Oslo Stock Exchange announcement of June 25 2019…
Arribatec Solutions contemplating acquisition of Italy based IB Marine Group
OSLO: Arribatec Solutions ASA announced the potential acquisition of IB Marine Group, a leading provider of cloud-based Enterprise Asset Management (EAM) solutions within the maritime sector as part of the international expansion strategy. The total acquisition cost is expected to EUR 1.6 million. A subsidiary of Arribatec Solutions has entered into agreements to secure an…