OSLO: Aker Offshore Wind has increased its ownership in Principle Power Inc from approximately 20 percent to an expected 39 percent, after exercising an option to buy further shares in the floating wind technology company. “Principle Power is established as the industry leading provider of floating wind foundation technology, with more than 100MW of installed…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Panasonic, Equinor and Hydro to jointly explore potential for European battery business
OSLO: Leading technology company Panasonic, energy company Equinor and industrial group Hydro have signed a Memorandum of Understanding (MoU) to form a strategic partnership to explore possibilities for establishing a sustainable and cost-competitive European battery business. The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature…
Play Magnus Group acquires US-based iChess.net
OSLO: Play Magnus Group has acquired US-based chess content company iChess LLC, which operates iChess.net. iChess.net [https://www.ichess.net/] was co-founded in 2011 by FIDE Chess Master Will Stewart with the goal of creating and organizing high quality chess training materials. iChess.net [https://www.ichess.net/] has published thousands of free and paid chess videos and articles in its large…
Storm Real Estate to acquire all shares of KMC Properties for NOK 1.076 billion
OSLO: Storm Real Estate ASA has entered into an agreement to acquire 100% of the issued and outstanding shares in KMC Properties AS for an agreed purchase price of approximately NOK 1.076 billion, a news release said. KMC Properties AS is a privately owned real estate company that at the time of completion of the…
FORAS and Hafslund Eco enter into collaboration for offshore wind in Norway
OSLO: Fred. Olsen Renewables AS (FORAS), a wholly owned subsidiary of Bonheur ASA, has entered into an agreement with Hafslund Eco to cooperate as equal partners on a 50/50 basis on development of offshore wind and transmission concepts in Norway. The combination of Hafslund Eco’s competences as power producer and grid operator with FORAS’ experience…
Aega ASA buying two solar parks in Italy
OSLO: Aega ASA has signed a mutually binding offer to acquire two solar parks in Italy with a total capacity of 2 MW (1+1 MW), a news release said. Reference is made to Aega’s stock exchange announcement dated 30 October 2020 where the company stated that “We are in advanced negotiations with regards to acquiring…
Mutares signs agreement to sell its 80% share in Nexive Group to Poste Italiane
MUNICH: Mutares SE & Co. KGaA has signed a Heads of Agreement for the sale of its 80% share of Nexive Group S.r.l., headquartered in Milan, to Poste Italiane S.p.A, a news release said. The Nexive business was acquired in July2020 from PostNL, who still holds the minority share of 20% in the entity that…
Salmon Evolution receives NOK 96.8 million funding commitment from Enova
OSLO: Salmon Evolution (SALME-ME) has been granted a funding commitment of NOK 96.8 million from the state-owned enterprise Enova SF, a news release said. This commitment is a cash grant and the funding from Enova will not require any material additional investment needs from Salmon Evolution. The funding support from Enova is related to the…
Infront acquires UK based NB Trader Solutions
OSLO: Infront ASA, a Norway-based financial technology company, has signed an agreement to acquire 100% of the share capital of a key local partner in the United Kingdom; NB Trader Solutions Ltd, a news release said. The financial terms of the transaction were not disclosed. NB Trader’s products cover a wide range a buy-side and sell-side…
Everfuel signs agreement with Hexagon Purus, orders six hydrogen trailers
HERNING, DENMARK: Everfuel A/S has ordered six hydrogen trailers for delivery in 2021. The six trailers to be delivered by Hexagon Purus will operate in Norway, Denmark and the Netherlands. Everfuel A/S has signed a multi-year frame agreement with Hexagon Purus for supply of hydrogen trailers designed exclusively to Everfuel specifications as part of the…
Voyager Digital wins the People’s Choice Award at the 6th Annual 2020 Benzinga Global Fintech Awards
NEW YORK: Voyager Digital Ltd., a licensed crypto-asset broker, announced the Company has been awarded The People’s Choice Award at the 6th annual 2020 Benzinga Global FinTech Awards. “We are honored to receive this award as it reflects votes from our loyal user base and followers. Since our entry into the crypto marketplace, we have…
Citycon Group intends to issue a NOK 800 million Green Bond
OSLO: Citycon Group intends to issue a NOK-denominated senior unsecured bond in one or more tranches with a maturity of approximately 3-5 years in an amount of up to NOK 800 million, a news release said. The bond would be offered mainly to Nordic institutional investors and would be issued by Citycon Treasury B.V. and…