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…

NNR July 17, 2020

Oslo Bourse

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…

NNR July 17, 2020

Ratings

AM Best affirms credit ratings of Arabia Insurance Company

LONDON: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of ARABIA Insurance Company s.a.l. (AIC) (Lebanon). The outlook of…

NNR July 17, 2020

Ratings

AM Best affirms ratings of State Automobile Mutual Insurance and its subsidiaries

State Auto continues to focus on risk management initiatives designed to reduce severity, along with aggressive price monitoring efforts and rate increases. OLDWICK: AM Best has affirmed the Financial Strength…

NNR July 17, 2020

Australian Exchange

Azure Minerals to acquire high quality gold and nickel projects from Creasy Group

PERTH: Azure Minerals Limited has entered into two Tenement Sale and Exploration Joint Venture Agreements with entities controlled by prominent mining prospector Mr Mark Creasy (Creasy Group); one to acquire …

NNR July 17, 2020

Australian Exchange

Alcidion signs $1.3 million contract extension with ACT Health for IT support services

MELBOURNE: Alcidion Group Limited has renewed its ongoing support services contract with ACT Health for two further years, a news release said. The contract extension is valued at $1.3 million…

NNR July 17, 2020

Wire

BAE Systems gets $32 million contract from U.S. Army

STERLING HEIGHTS: BAE Systems has been awarded a $32 million prototype agreement by the U.S. Army’s Rapid Capabilities and Critical Technologies Office (RCCTO) to integrate a Hybrid Electric Drive (HED)…

NNR July 17, 2020

Australian Exchange

U.S. infrastructure group standardizes on the IKE platform

SYDNEY: ikeGPS (IKE) announced that one of the largest communications infrastructure companies in the United States has standardized on the IKE platform for all pole-related 5G and fiber deployment processes.…

NNR July 17, 2020

Wire

Tech Data appoints John O’Shea President of the Americas

CLEARWATER: Tech Data announced John O’Shea has been appointed President of the Americas. O’Shea’s appointment follows Joe Quaglia’s retirement from Tech Data. O’Shea brings nearly 20 years of proven leadership…

NNR July 17, 2020

Australian Exchange

National Tyre & Wheel Limited to acquire TYRES 4U in Australia and New Zealand for $48.8 million

SYDNEY: National Tyre & Wheel Limited has entered into a conditional agreement to acquire the business assets of TYRES 4U (T4U) in Australia and New Zealand, a news release said.…

NNR July 17, 2020

Huawei remains focused on 5G advancements in the Middle East

DUBAI: As nations across the Middle East are rapidly leveraging technological advancements to re-ignite growth following the COVID-19 pandemic, Huawei's regional leadership sees clear opportunities to support local government, societies,…

NNR July 17, 2020

Wire

American Shipbuilding Suppliers Association defends “Buy American” legislation

WASHINGTON: The American Shipbuilding Suppliers Association (ASSA) released a Statement of Policy defending and supporting the work of House Armed Services Committee (HASC) lawmakers who are working to pass legislation…

NNR July 17, 2020

NewsnReleases

Ageas to sell Malaysian joint venture stake to Maybank for €1.1 billion

Image Scan Holdings acquires ClanTect Limited

TotalEnergies buys power business from Shell, divests renewable portfolio to KKR

Aspo board approves plan to split off ESL Shipping as new listed company

ASSA ABLOY to acquire Gunnebo Entrance Control

Scatec Solar doubles production, progressing large project opportunities

Fjordkraft acquires Innlandskraft, strengthens position as leading electricity supplier in Norway

AM Best affirms credit ratings of Arabia Insurance Company

AM Best affirms ratings of State Automobile Mutual Insurance and its subsidiaries

Azure Minerals to acquire high quality gold and nickel projects from Creasy Group

Alcidion signs $1.3 million contract extension with ACT Health for IT support services

BAE Systems gets $32 million contract from U.S. Army

U.S. infrastructure group standardizes on the IKE platform

Tech Data appoints John O’Shea President of the Americas

National Tyre & Wheel Limited to acquire TYRES 4U in Australia and New Zealand for $48.8 million

Huawei remains focused on 5G advancements in the Middle East

American Shipbuilding Suppliers Association defends “Buy American” legislation

Ageas to sell Malaysian joint venture stake to Maybank for €1.1 billion

Image Scan Holdings acquires ClanTect Limited

TotalEnergies buys power business from Shell, divests renewable portfolio to KKR

Aspo board approves plan to split off ESL Shipping as new listed company