OSLO: Biometric fintech company Zwipe and Liveo Research have partnered to offer a highly optimized route to efficient and scalable manufacturing of biometric payment cards. This is key in supporting the ongoing industrialization of the Zwipe Pay family of products. Liveo Research is a global manufacturer of rigid packaging solutions focusing on pharma packaging innovations,…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Aker Solutions gets services contract from ExxonMobil for hebron platform in Canada
OSLO: Aker Solutions has secured a five-year contract extension from ExxonMobil Canada Properties for the provision of engineering, procurement and construction (EPC) services for the Hebron platform, offshore Newfoundland. The contract is an extension for a 5-year period, starting in the summer of 2020. Aker Solutions has provided EPC services to Hebron since 2015. The…
Multiconsult wins NOK 55 million hydropower contracts in Tanzania
OSLO: Tanzania Electric Supply Company Limited (TANESCO) has selected Multiconsult Norge AS with Norplan Tanzania Ltd (49% owned) and Tanzania Photomap Ltd as subcontractors, to provide consultancy services for the Rumakali Hydropower and Transmission Line Project and for Ruhudji Hydropower and Transmission Line Project in Tanzania. The total contract value for Multiconsult will be approximately…
Proton Energy gets government grant to enable low cost hydrogen from electrolysis
OSLO: Proton Energy Systems Inc., a wholly owned subsidiary of Nel ASA, has been awarded a $4.4 million grant by the Department of Energy (DOE) for development of advanced components and manufacturing methods to enable low cost hydrogen from electrolysis. The purpose of the project is to leverage the DOE National Lab capabilities to develop…
Danish Medicines Agency approves new clinical study for Softox Medical Device
OSLO: The Danish Medicines Agency (DMA) has authorised the clinical investigation «SWIS-02» in accordance with the executive order on medical devices. The study is a confirmatory clinical investigation to document safety and performance og SoftOx Wound Irrigation Solution (SWIS) compared to Normal Saline (NS) in a human wound model. This rapid approval by DMA is…
Adevinta signs agreement to acquire eBay Classifieds Group for $9.2 billion
OSLO: Adevinta ASA has entered into a definitive agreement to acquire 100% of eBay Classifieds Group, the global classifieds arm of eBay Inc for a headline value of US$9.2 billion. Under the terms of the agreement, eBay shall receive US$2.5 billion in cash and 540 million shares of Adevinta, representing a 44% stake in pro…
Scatec Solar doubles production, progressing large project opportunities
OSLO: Scatec Solar’s second quarter 2020 proportionate revenues reached NOK 925 million with an EBITDA of NOK 417 million and associated EBITDA margin of 45%. Power production reached 406 GWh on proportionate basis, a doubling of electricity production from the same quarter last year. As the current portfolio of projects under construction is almost complete,…
Fjordkraft acquires Innlandskraft, strengthens position as leading electricity supplier in Norway
OSLO: Fjordkraft Holding ASA has entered into an agreement for the acquisition of 100% of the shares in Innlandskraft AS, a news release said. The key terms of the Transaction are as follows: The Transaction will be structured as an acquisition of all shares in the Target by the Company, from Gudbrandsdal Energi Holding AS…
OKEA announces acquisition of Aurora discovery from Equinor
TRONDHEIM, NORWAY: OKEA ASA announced that the company has signed a Sales and Purchase Agreement (SPA) with Equinor Energy AS for the acquisition of Equinor’s 40% operated working interest in PL195 and PL195 B, which include the Aurora discovery, with effective date 1 January 2020. Aurora is a small gas discovery in the North Sea…
BW LPG sells Berge Summit for $9.0 million
SINGAPORE: BW LPG Limited has concluded the sale and delivery of Berge Summit to its new owner for continued trading. Berge Summit was built in 1990 with a carrying capacity of 78,489 cbm and has been used as a LPG floating storage for a gas-to-power project for the last 5 years. The sale is expected…
Exact Therapeutics raises NoK 155 million and lists on Oslo Stock Exchange’s Merkur Market
OSLO: Exact Therapeutics AS, a clinical stage precision medicine company, announced that its shares have been admitted to trading on Oslo Stock Exchange’s Merkur Market under the ticker EXTX-ME from 14 July 2020, with first day of trading 14 July 2020, following the successful completion of a NOK 155 million private placement. The offering attracted…
Ardmore Shipping not interested in Hafnia Limited’s proposal to combine businesses
OSLO: Hafnia Limited announced that it has made a proposal to combine with Ardmore Shipping Corp in an all-stock transaction. On June 19, 2020, Hafnia sent a letter to the chairman of the board of directors of Ardmore outlining its proposal and inviting the Ardmore Board to engage in a discussion regarding a transaction that…