OSLO: OKEA ASA (FRA: 3SX) has awarded a four-year frame contract to COSL Drilling Europe AS for the use of COSL’s energy-efficient drilling units on the Norwegian Continental Shelf (NCS). As part of the agreement, COSL Drilling Europe (COSL) will be the exclusive provider of semi-submersible drilling rigs for OKEA’s NCS operations, with flexibility in…
Nobina AB acquires Telepass AB for SEK 150 million
STOCKHOLM: Nobina AB has entered an agreement to acquire 100 percent of Telepass AB, a market leader in service traffic in Skåne, Sweden. The purchase price comprises a fixed consideration of SEK 150 million and a potential earn-out consideration of up to SEK 45 million over the coming three years. Nobina, through its subsidiary Samtrans,…
DC BLOX developing a Tier III data center in High Point, North Carolina
ATLANTA: DC BLOX has acquired land in High Point, North Carolina with plans to construct the first highly secure, Tier III data center in the Carolina Core/Piedmont Triad region which includes High Point, Greensboro, and Winston-Salem, a news release said. DC BLOX is a provider of interconnected multi-tenant data centers that deliver the infrastructure and…
Electronic Arts Inc. acquires Super Mega Baseball franchise developer, Metalhead Software
REDWOOD CITY: Electronic Arts Inc. (EA) announced the acquisition of Metalhead Software, a Canada-based video game studio and developer of the fan-favorite Super Mega Baseball franchise. EA SPORTS and Metalhead are teaming up to grow the Super Mega Baseball franchise as well as develop new gaming and sports experiences for players worldwide. Metalhead co-founders Scott…
DeepVerge announces new AI centre of excellence in Cork
LONDON: DeepVerge Plc (LON: DVRG) announced the expansion of the data and technology division, Rinocloud, into Moorepark Technology Centre (MTC) in Fermoy, Cork, Ireland. The facility, expected to be ready in Q3, includes laboratory and engineering production units that will establish a European centre of excellence for real-time detection of multiple dangerous pathogens, including SARS-CoV-2,…
UBS to sell 48.8% stake in Clearstream Fund Centre to Deutsche Börse for CHF 390 million
ZURICH: UBS Group and UBS AG today announced that UBS has agreed to sell its remaining minority stake (48.8%) in Clearstream Fund Centre (CFC) to Deutsche Börse AG for approximately CHF 390 million. Long-term commercial cooperation arrangements remain in place for the provision of services by Clearstream to UBS, including the collaboration in jointly servicing…
Aviva completes exit from Turkey
LONDON: Aviva plc (LON: AV) today announced it has completed the sale of its entire 40% shareholding in the Turkish life insurance and pensions joint venture, AvivaSA Emeklilik ve Hayat AS (AvivaSA), to Ageas Insurance International NV. Aviva plc (LON: AV) received £122 million in cash consideration, which includes a £3 million dividend from AvivaSA…
Steven Zaat to succeed Frédéric Gagey as Group CFO of Air France-KLM
ROISSY, AMSTELVEEN: Air France-KLM announced that Group CFO Frédéric Gagey will be succeeded by Steven Zaat, current Air France Chief Financial Officer, on 1st July, 2021. Air France-KLM announced that Group CFO Frédéric Gagey (64) will retire and leave his current position as of July 1st, 2021. “I would like to express all my gratitude…
Mid Penn Bank disbursed over $1 billion in Paycheck Protection loans
MILLERSBURG: Mid Penn Bank has approved and disbursed more than $370 million in loans for small businesses since the 2021 Paycheck Protection Program (PPP) portal was opened for community banks in January. Mid Penn Bank has provided loans for more than 3,300 businesses in the 2021 Program. The Small Business Administration backed loans received by these employers has allowed…
Emeco to allocate 25-40% of operating net profit to capital management initiatives each year
SYDNEY: Emeco Holdings approves policy to allocate 25-40% of operating net profit after tax to capital management initiatives each year. The policy will take effect following the end of the 2021 financial year, on a pro rata basis for the second half for the second half. The Board will assess the relative benefits of dividends,…
Fonterra Co-operative suspends FSM shares conversation into units of Fonterra Shareholders’ Fund
AUCKLAND: Fonterra Co-operative Group Limited is temporarily capping the size of the Fonterra Shareholders’ Fund by suspending shares in the Fonterra Shareholders’ Market (FSM) from being exchanged into units in the Fund. This temporary cap will be effective once the current trading halt is lifted when the market opens tomorrow and will remain throughout the…
Byrna Technologies commences trading on Nasdaq
ANDOVER: Byrna Technologies Inc. announced that The Nasdaq Stock Market LLC has approved the listing of the company’s common stock on the Nasdaq Capital Market. Byrna Technologies began trading on the Nasdaq on Wednesday May 5, 2021 under the symbol “BYRN.” The Company’s common stock will continue to trade on the Canadian Stock Exchange. “The…