OSLO: Siemens Gamesa, a world leading supplier of wind power solutions, has awarded Cadeler A/S a contract of approximately $90 million, with an additional $30 million in options, to transport and install turbines of the SG 14-222 DD model. The turbines are expected to be the largest wind turbines in the world at the time…
All posts in Oslo Bourse
CEO Craig Jasienski leaves Wallenius Wilhelmsen ASA
OSLO: The Board of Wallenius Wilhelmsen ASA have in dialog with President and CEO Craig Jasienski agreed to end his employment with the company effective today, 8 March 2021. The Board extends its gratitude to Craig Jasienski for his efforts in various positions in the group over more than 30 years. The Board will initiate…
Aker ASA launches Seetee to invest in Bitcoin and blockchain ecosystem
OSLO: Aker ASA has established Seetee AS with a capital investment of NOK 500 million, a new company dedicated to investing in projects and companies throughout the Bitcoin ecosystem and which will keep all its liquid investable assets in bitcoin. Seetee will initially focus on 1) investing in and owning bitcoin, 2) joining the Bitcoin…
Norsk Hydro to sell its Rolling business to KPS Capital for EUR 1.380 billion
OSLO: Norsk Hydro ASA has entered into an agreement to sell its Rolling business to KPS Capital Partners for EUR 1.380 billion on an enterprise value basis, a news release said. The transaction includes seven plants, one R&D center, global sales offices, and around 5,000 employees of which 650 employees in Norway and the remaining…
BEWI to setup packaging hub in Norway
OSLO: BEWI ASA plans to build a new packaging facility on the Jøsnøya island, Hitra, on the west coast of central Norway, a news release said. The new facility will be BEWI’s most modern and efficient facility for production of fish boxes, and in addition have facilities to serve the increasing volumes of reusable boxes…
Cloudberry Clean Energy to purchase hydropower plant in Norway
OSLO: Cloudberry Clean Energy has signed a Share Purchase Agreement (SPA) to purchase a hydropower company in Norway, Ramsliåna Kraft AS, with an expected annual production of 6 GWh. In addition, Cloudberry has entered into an option agreement where Cloudberry has the right to acquire Lona Kraft AS, a company that will apply for an…
Frøy ASA to launch initial public offering on Oslo Stock Exchange
OSLO: Frøy ASA announced its intention to launch an initial public offering of its shares and to apply for a listing on the Oslo Stock Exchange. Frøy is a Norwegian provider of business-critical salmon farming services with an operational track-record of more than 20 years. The Group’s service offering includes installation and maintenance of salmon…
Hexagon Purus signs two joint venture agreements with China’s CIMC Enric Holdings
OSLO: Hexagon Purus AS has signed two joint venture agreements with CIMC Enric Holdings Limited, headquartered in Shenzhen, China. The joint ventures will serve the fast-growing demand of the Chinese market for safe, lightweight and cost-efficient compressed hydrogen storage solutions. Relevant industrial standards for T4 cylinders are currently being implemented by the Chinese government. The…
Hexagon Agility gets $6.8 million additional order for CNG trucks
OSLO: Hexagon Agility, signed a master services agreement in June 2020 with a global logistics customer to deliver compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks. The first order received related to this customer in 2021 represents an estimated total value of USD $6.8 million (approx. NOK 58 million). As a low…
Otello Corporation to sell AdColony to Digital Turbine for $400 million
OSLO: Otello Corporation has entered into a definitive agreement to sell AdColony to Digital Turbine Inc. for a total estimated consideration of $400 million. Digital Turbine is a global mobile technology company, passionate about delivering the right content to the right person at the right time across all Android devices. The company’s on-demand media platform…
Norwegian Air to serve Nordic and Europe with 53 narrow body aircraft in 2021
OSLO: Norwegian Air Shuttle will focus on a strong and profitable Nordic and European network. The company plans to serve these markets with 53 narrow body aircraft in 2021 (50 operational and 3 spare). The overall detailed plan supporting the future operations of the company will be disclosed during the course of next week. Norwegian…
Vow ASA plans spin off and subsequent listing of Vow Green Metals
OSLO: Vow ASA is currently contemplating to spin off Vow Green Metals as a new and separate entity, which will remain wholly owned and part of Vow ASA, and act as an incubator for other potential spin-offs in the future. Vow Green Metals will build, own, and operate plants that produce high value biocarbon and…