Category: Oslo Bourse

Corporate News, Oslo Bourse, M&A, Investment

DNO completes Baeshiqa testing, prepares to spud next well

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OSLO: DNO ASA, the Norwegian oil and gas operator, announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq and the imminent spud of an exploration well on a separate prospect, Zartik, located 15 kilometers southeast on the same license. The testing has proven oil and gas in…

Norwegian Air Shuttle nearly completes recapitalization process

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OSLO: Norwegian Air Shuttle ASA has received strong support from lessors for a minimum conversion to equity of USD 730 million (excluding conversion under the so-called power-by-the-hour arrangement), up from the previously announced USD 550 million. The conversion is supported by a significant number of lessors and the Company continues to discuss with other of…

Nordic Nanovector shortens its executive management team

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OSLO: Nordic Nanovector ASA has announced changes to its Executive Management Team. As a result of the cost-saving initiatives announced on 2 April 2020, the Board of Directors of Nordic Nanovector has restructured the senior management team. The restructuring has resulted in the number of executives being reduced from nine to seven. Malene Brondberg, Vice…

Donges Group successfully completes the acquisition of Ruukki Building Systems

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MUNICH: Donges Group, a 100% owned portfolio company of the Munich-based turnaround- investor Mutares, has completed the acquisition of Ruukki Building Systems, the Building Systems division of the Finnish Ruukki Construction, a subsidiary of SSAB Group. The transaction was signed in July 2019 and following the approval of the Finnish competition authorities, the transaction was…

Axxis Geo Solutions completes OBN survey in the Middle East

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LYSAKER: Axxis Geo Solutions ASA has announced the completion of both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East. The project was completed with strict adherence to COVID-19 safety guidelines and the crew is now demobilizing to the North Sea for previously announced work in late Q2. Since…

Europris board appoints Espen Eldal as new CEO

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FREDRIKSTAD: The board of directors of Europris ASA has today appointed Espen Eldal as the new CEO of the company. Eldal has served for many years as CFO of Europris, and has been acting CEO since 1 April. His appointment will accordingly take immediate effect. The board has carried out a detailed process in appointing…

Espen Kvale appointed CEO of Aqua Bio Technology

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OSLO: Espen Kvale (age 43) has been appointed Chief Executive Officer of Aqua Bio Technology ASA. Mr Kvale has been retained as acting CEO through his own consultancy since January 2019 and has previously served as ABT’s Chief Operating Officer. Espen Kvale has a Master of Science degree in pharmacy and a PhD in immunology…

Adventures of Tintin Mobile Game expands soft launch into New Zealand

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COPENHAGEN: 5th Planet Games announced that the Adventures of Tintin Match 3 mobile game is now expanding the soft launch territory into New Zealand. Following the succesfull soft launch in the Phillipines and Australia, the soft launch is now, according to the development plan for the Tintin game, expanding into New Zealand, which means the…