Facebook has changed its corporate name to Meta as part of a major rebrand. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality (VR). The change does not apply to its individual platforms, such as Facebook, Instagram and Whatsapp, only the…
FPK invests SEK 500 million in Heimstaden Bostad
OSLO, NORWAY: Swedish pension fund, Försäkringsbranschens Pensionskassa (FPK), invests SEK 500 million in Heimstaden Bostad, partnering with industrial owner Heimstaden AB and institutional investors Alecta, Folksam Group, the Swedish Pensions Agency, and Ericsson and Sandvik’s pension funds. “FPK is a long-term institutional owner with a focus on responsible growth, value creation, and sustainability. We are…
Kongsberg to sell Light-Duty Cables business to Suprajit for EUR 37.7mn
ZURICH: Kongsberg Automotive has entered into an agreement for the sale of the Light-Duty Cables (LDC) business unit to Suprajit Engineering Limited. The two companies entered into a definitive agreement on October 28, 2021. Under the terms of the transaction, Suprajit will acquire Kongsberg Automotive’s LDC business unit for an Enterprise Value of EUR 37.7…
Bergen Carbon to develop an additive-solution for lithium-ion batteries
BERGEN, NORWAY: Bergen Carbon Solutions has signed a Letter of Intent (LoI) to develop a business relationship with a major Japanese company where the overall goal is to create, and bring to market a “ready to use” additive solution that can be used in the anode-graphite for lithium-ion based batteries globally. The solution aims to…
BW Offshore to sell 7.8% holding in BW Energy
OSLO, NORWAY: BW Offshore Limited (BWO) has retained Citigroup Global Markets Limited and Pareto Securities AS to explore a potential block sale of existing shares in BW Energy Limited (BWE) through a private placement. BW Offshore Limited is contemplating selling 20 shares in BWE Energy, representing approximately 7.8 per cent of the shares outstanding in…
GASCADE choses Smartoptics for multiservice Data Center Interconnect
OSLO, NORWAY: Smartoptics Group, a leading provider of optical networking solutions, announced that German gas transport company GASCADE Gastransport GmbH, has chosen Smartoptics’ open line system for multiservice Data Center Interconnect (DCI). The new solution is based on Smartoptics’ DCP -M40-PAM4-ZR and transports 10G, 40G as well as 8G and 16G Fiber Channel (FC) traffic…
TotalEnergies spending €200mn to equip highway stations with EV charging
PARIS, FRANCE: TotalEnergies will allocate up to €200 million over a year to equip more than 150 of its motorway and expressway service stations with high-power charge points for electric vehicles. This major investment is intended to support the growth of electric mobility in France: By end-2021, 60 motorway service stations will be equipped with high-power…
Personal Data Tops List of Concerns for Brits
A new study shows British people (Brits) now rank personal data as their most important asset to protect from everyday risks (such as accident, damage, or crime) out of all non-legally obligatory policies in the UK. While legally mandated home (82%) and car (77%) insurance tops the table, an almost equal number of respondents (76%)…
Shell announces absolute emissions reduction target of 50% by 2030
AMSTERDAM: Royal Dutch Shell announced an absolute emissions reduction target of 50% by 2030, compared to 2016 levels on a net basis. This covers all scope 1 and 2 emissions under Shell’s operational control and is another strategic milestone on our path to becoming a net-zero emissions energy business by 2050, in step with society….
Chariot Limited signs MoU to unlock Anchois Gas Development
LONDON, UK: Chariot Limited, the Africa focused transitional energy company, has signed a Memorandum of Understanding (MOU) with a leading international energy group. The MOU relates to the key terms of gas offtake and partnering between the parties in respect of the Anchois Gas Development within the Lixus licence, offshore Morocco. The key terms of…
Supply@ME appoints James Coyle as new non-executive Chairman
LONDON, UK: Supply@ME Capital plc, the fintech business which provides an innovative Platform for use by manufacturing and trading companies to access Inventory Monetisation solutions enabling their businesses to generate cashflow, is pleased to announce the appointment of Jim Coyle as its new independent non-executive chairman with effect from 28 October 2021. The Company conducted…
Foresight Sustainable Forestry Company launches IPO on LSE
LONDON, UK: Foresight Sustainable Forestry Company, an externally managed investment company that will invest in UK forestry and afforestation assets, announced the launch of its initial public offering (IPO) on the Premium Segment of the Official List and the Main Market of the London Stock Exchange. Foresight Sustainable Forestry Company plans a target issue of…