PARIS, FRANCE: BIO-UV Group signed a protocol to acquire 100% of the capital of the company Corelec, one of the French leaders in swimming pool water treatment solutions by salt electrolysis. The acquisition will be finalized and effective no later than November 9, 2021. Through this operation, BIO-UV Group significantly strengthens the activity of its…
Fabrizio Testa nominated as new CEO for Borsa Italiana
AMSTERDAM: Euronext announced the Board of Directors of Borsa Italiana and the Supervisory Board of Euronext N.V. have respectively nominated Fabrizio Testa, currently CEO of MTS, as CEO of Borsa Italiana, and as Head of Fixed Income trading for the Group and member of the Managing Board of Euronext N.V. Raffaele Jerusalmi will step down…
Spacetalk to sell adventurer devices in North America
SYDNEY, AUSTRALIA: Spacetalk Ltd. announced its North American launch; online through Amazon, Walmart, Best Buy and Spacetalk websites. Amazon, Walmart and Best Buy together account for nearly 50% of all retail e-commerce in the United States1. In Canada, Best Buy holds an approximately 35% market share for electronics and appliances2. Spacetalk is targeting to launch…
Field Solutions Holdings to purchase TasmaNet
SYDNEY, AUSTRALIA: Field Solutions Holdings Limited (FSG) has entered into a binding share sale agreement to purchase TasmaNet Pty Ltd. Field Solutions Holdings Limited (FSG) is Australia’s leading rural and regional telecommunications carrier. A transformational acquisition for FSG, TasmaNet is EBITDA accretive, and will deliver strong complementary revenues and operational synergies aligned with FSG’s business…
BNP Paribas launches a share buyback program of 900 million euros
PARIS, FRANCE: BNP Paribas announced the launch of a share buyback program of BNP Paribas S.A. ordinary shares for a maximum total amount of €900 million. BNP Paribas has received the approval from the European Central Bank and a contract was concluded with an investment services provider acting independently, entrusted by an irrevocable instruction to…
Pacific Edge appoints Dr Peter Meintjes as its new CEO
AUCKLAND, NEW ZEALAND: Cancer diagnostics company Pacific Edge announced the appointment of Dr Peter Meintjes, an experienced molecular diagnostics and genomics business leader, as its new Chief Executive Officer. Dr Meintjes, a New Zealand citizen currently resident in Boston, brings to Pacific Edge extensive global diagnostics, biotechnology, and commercial leadership expertise. He also has a…
Facebook changes its name to Meta
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…