OSLO, NORWAY: Vår Energi confirms discovery of oil in the Balder area in the Central North Sea. The latest Ringhorne North exploration well in production license (PL 956) was successful with estimated recoverable resources of between 13 and 23 million barrels of oil. Operator Vår Energi considers the discovery a potential commercial candidate to be…
VINCI signs deal to acquire Edinburgh Airport for £1.27 billion
PARIS: VINCI Airports, a VINCI Concessions subsidiary, signed today an agreement to acquire an effective 50.01% stake in Edinburgh Airport Limited – the company that owns Edinburgh Airport – for £1.27 billion. The transaction is expected to be completed during Summer 2024, following the receipt of regulatory approvals. The remaining 49.99% stake will be managed…
ASML Holding NV posts net income of €1.2 billion in first quarter of 2024
AMSTERDAM: ASML Holding NV, a leading supplier in the semiconductor industry, has released its financial results for the first quarter of 2024. For the first quarter, ASML’s total net sales reached €5.3 billion, with a gross margin of 51.0%. The net income for the quarter stood at an impressive €1.2 billion. The company’s quarterly net…
Mosa Meat B.V. has raised EUR 40 million in new capital
LONDON: Agronomics (LSE: ANIC), a leading listed company in cellular agriculture, announced that its portfolio company Mosa Meat B.V., a leader in cultivated beef production, has successfully raised EUR 40 million in new capital to help finance further scaling up of production processes and prepare its products for market entry. The oversubscribed round was led…
SkyCity Entertainment appoints Jason Walbridge as Chief Executive Officer
AUCKLAND: SkyCity Entertainment Group Limited announced that Jason Walbridge has today been appointed as Chief Executive Officer. Jason has more than two decades of senior executive public company experience in the global land-based and online gaming industries. He is currently a Strategic Advisor to global gaming and technology company Aristocrat Leisure Limited on its proposed…
Tower Limited forecasts surpassing net profit expectations for 2024
AUCKLAND: New Zealand-based insurer Tower Limited (NZX/ASX: TWR) has significantly raised its earnings forecast for the fiscal year ending 30 September 2024. The company now anticipates its underlying net profit after tax (underlying NPAT) to exceed $35 million. This optimistic projection marks a substantial increase from Tower’s previous guidance, which estimated the underlying NPAT to…
Huddlestock and HILI explore potential to support a new Norwegian fintech platform
OSLO: Huddlestock has today signed a letter of intent (LOI) with HILI, a Norwegian fintech start-up, to explore the utilization of its investment infrastructure in developing HILI’s new home ownership platform and the implementation of an alternative investment fund. The collaboration aligns with Huddlestock’s strategy of fostering client growth and being an active partner in…
Euronav NV and Anglo-Eastern Univan announce strategic acquisition
OSLO: Euronav NVand the Anglo-Eastern Univan Group have declared a Heads of Agreement (HoA) for the acquisition of Euronav Ship Management Hellas (ESMH), the ship management division of Euronav. The agreement marks a pivotal step for both companies as they prepare to consolidate their strengths. Anglo-Eastern will take over the ship management duties for the…
Hexagon Composites starts search for new Group CEO, as Erik Engeset to step down
OSLO, NORWAY: Hexagon Composites (OSE: HEX.OL) announced that Jon Erik Engeset will step down as Group President and Chief Executive Officer. The Company will shortly commence a search process. Engeset will continue as CEO until the position is filled, following which he will continue to support the company in an advisory role. “After 11 years…
Amundi US to merge into Victory Capital
PARIS: Amundi and Victory Capital have signed a Memorandum of Understanding that will significantly reshape the investment management landscape. The agreement outlines a strategic plan to merge Amundi US into Victory Capital, granting Amundi a 26.1% stake in Victory Capital and establishing comprehensive global distribution agreements. This proposed transaction is poised to create a more…
Sidetrade to acquire majority stake in SHS Viveon AG at €3.00 per share
PARIS, FRANCE: Sidetrade, the global leader in AI-powered Order-to-Cash applications, is to acquire a majority stake in SHS Viveon AG, a German leader in credit risk management software. Sidetrade today announced that it has entered into binding agreements with shareholders of SHS Viveon AG to acquire more than 50% of all outstanding shares in SHS…
ALGREEN in talks with LUMILIITE to sell its 51% stake in subsidiary SA NAKA
PARIS: The ALGREEN group (Paris: ALGRE), specialized in multi-activity agribusiness, with a strategy to integrate companies, industries, farms, and brands within the same group while favoring traditional and innovative SMEs, has entered into negotiations with LUMILIITE for the sale of its 51% stake in its subsidiary SA NAKA. SA NAKA markets a range of sparkling…