OSLO, NORWAY: Skandia Greenpower AS has appointed Lene Johansen, currently commercial director of rapidly growing online retailer Brandsdal Group, as its new CEO from 1 July 2022. Current CEO, Gunnar Norheim, remains with the company. The CEO appointment follows Skandia Greenpower’s announcement on 2 February 2022, when the company revealed that it had decided to…
Elkem, Hydro and Altor partner to accelerate sustainable battery materials production
OSLO, NORWAY: Elkem, Hydro and Altor (Altor Fund V) today announced a partnership with the intention to accelerate the growth of Vianode, a producer of sustainable battery materials. An investment decision for a potential first-phase plant at Herøya, Norway, is expected in the first half of 2022. Vianode has developed a range of synthetic graphite…
Ørsted acquires majority stake in Scottish floating wind development project
LONDON, UK: Ørsted A/S, the world leader in offshore wind, joins a floating wind joint venture set up by Simply Blue Group and Subsea 7. The Salamander project is a stepping-stone floating wind project off the east coast of Scotland, designed to provide the Scottish supply chain with an early capacity development opportunity before larger…
Magnora increases ownership in Evolar AB to 63.5 percent
OSLO, NORWAY: Magnora ASA has increased its ownership in Evolar AB (Evolar) from 50 percent to 63.5 percent, as a result of strong progress in Evolar. Based on Evolar’s Perovskite deposition technology, solar cell manufacturers will be able to enhance conventional solar cell efficiency by installing a turn-key solution to their production lines. The technology…
bpha enters early partnership talks with Flagship Group and Futures Housing Group
LONDON, UK: bpha Finance announced that it is in early talks with Flagship Group and Futures Housing Group to enter into a partnership. The three organisations collectively manage over 60,000 homes in central and east England and are exploring the potential of combining their expertise and capability to enhance the provision of housing and local…
Gaming Realms launches content in Ontario
LONDON, UK: Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, announced that it officially launched its content in the Canadian province of Ontario on the first day its regulated gaming market opened on 4th April 2022. Seven games from Gaming Realms’ Slingo portfolio are now live in Ontario with…
Empire Metals acquires 70% interest in Australian-based copper-gold projects
LONDON, UK: Empire Metals Limited (LON: EEE) has acquired a 70% interest in three highly prospective Australian-based copper-gold projects from Century Minerals Pty Ltd. Two of the projects, the Pitfield Copper-Gold Project and the Walton Copper-Gold Project are in Western Australia whilst the Stavely Copper-Gold Project lies within the Stavely Arc region of Victoria. This…
Hyve Group selling Russian business to Rise Expo for £72mn
LONDON, UK: Hyve Group plc, the next-generation global events business, announced the proposed disposal of its Russian business. A wholly owned subsidiary of the company has entered into a conditional agreement with Rise Expo Limited with respect to the sale of the Russian Business for a maximum cash consideration of £72 million, wholly structured as…
William Allen and Andrew Rear backed Financials Acquisition Corp plans £150mn listing on LSE
LONDON, UK: Financials Acquisition Corp, a special purpose acquisition company (SPAC) sponsored by FINSAC LLP, which is a limited liability partnership founded by William Allen and Andrew Rear, announced its intention to float on the London Stock Exchange. Financials Acquisition Corp intends to raise £150 million through the listing. The company will place 15 million…
CyanConnode’s to deploy smart metering in MENA region
LONDON, UK: CyanConnode Holdings plc (AIM: CYAN) has received an order for a smart metering deployment in MENA Region (Middle East and North Africa), which is a new territory for the company. This order is for CyanConnode’s cellular communications product which will be deployed to connect smart electricity and smart water meters. Under the contract,…
Enea AB signs 5G and Wi-Fi contract worth $5.1 million in North America
STOCKHOLM, SWEDEN: Enea AB has signed a three-year agreement for 5G core network applications and Wi-Fi Service management solutions with a North American Tier-1 mobile network operator. Enea will provide an intelligent 5G APN assignment application and a 5G Standalone mediation function for all subscribers in the customer’s mobile network. Enea will as part of…
Eco (Atlantic) Oil & Gas to sell $25mn worth of new shares
LONDON, UK: Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO) announced its intention to raise aggregate gross proceeds of up to approximately $25million through the issue of new common shares. The issue includes a placing in the United Kingdom, Norway and certain other jurisdictions outside Canada, and a brokered private placement in Canada up to…