ÅLESUND, NORWAY: The Hellesylt Hydrogen Hub, a consortium of leading players in the hydrogen field, has been awarded NOK 37.6 million under the PILOT-E funding scheme for the development of a hydrogen production facility that can deliver hydrogen to ferries and cruise ships in the Geirangerfjord, as well as to other mobility applications. The ambition…
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Europris acquires a 20 percent equity stake in ÖoB
FREDRIKSTAD: Europris ASA, Norway’s largest discount variety retailer by sales, has today acquired a 20 per cent equity stake in ÖoB with payment in Europris shares. The acquisition of the equity stake has now been completed by the delivery of 4,349,695 Europris shares, corresponding to 2.61 percent of the share capital. This acquisition represents an…
Amber Group opens first in-house branded hotel in Gudauri
LONDON, UK: Georgia Capital’s hospitality business, Amber Group has opened “Gudauri Lodge Hotel” – the first in-house branded hotel in the hospitality business portfolio. The upscale resort Hotel is conveniently located on the slope with ski-in and ski-out facilities in Gudauri – a leading ski resort in the Caucasus region. Embracing Amber Group’s focus on…
JLEN Environ acquires 70% stake in Bio Collectors
LONDON: JLEN Environment, the listed environmental infrastructure fund, acquired 70% equity stake in Bio Collectors Holdings Limited. The acquisition was funded by a draw-down on JLEN’s revolving credit facility. BCH, through its subsidiary companies holds the rights and operational assets that make up the anaerobic digestion (AD) plant and the Bio Collectors waste collections business….
Gateley acquires T-three Group for £3.4 million
LONDON, UK: Gateley (Holdings) Plc, the legal and professional services group, has announced the acquisition of T-three Group for a consideration of £3.4 million. T-three complements Kiddy & Partners, which Gateley acquired in July 2018, and together these businesses create one of the largest specialist Human Capital consultancy businesses in the UK. T-three offers services…
NLMK Group and Belgian SOGEPA sign agreement
LIPETSK, RUSSIA: Novolipetsk Steel (NLMK Group), a global steelmaker, and Belgian investment fund SOGEPA (Société wallonne de Gestion et de Participations S.A.), have signed an agreement on joint execution of the NLMK Belgium Holdings (NBH) development strategy. NBH comprises the production companies and service centers of the NLMK Europe Strip Division (NLMK La Louvière, NLMK…
Hammerson sells 75% stake in Italie Deux for €430 million
LONDON, UK: Hammerson plc has completed the sale of the 75% stake in the Parisian shopping destination Italie Deux to AXA Investment Managers – Real Assets for €430 million, a statement said. As previously announced in July 2019, the forward sale of 75% of the Italik extension for an additional €43 million is expected to…
WANdisco agrees on contract expansion with China based customer
LONDON: WANdisco Plc has agreed a contract expansion with an existing China based customer worth in the region of $1 million. The customer is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. WANdisco is the LiveData company for machine learning and AI. WANdisco solutions enable enterprises to create an…
Euan Sutherland appointed Group CEO of Saga Plc
LONDON, UK: Saga Plc has appointed Euan Sutherland as Group Chief Executive Officer with effect from 6 January 2020. Lance Batchelor is retiring and will continue as a statutory Director until he leaves the business on 31 January 2020. Saga is a specialist in the provision of products and services for life after 50. Euan…
DWF to acquire Spanish law firm RCD for €50.5 million
LONDON: DWF Group has reached a definitive agreement to acquire Rousaud Costas Duran (RCD), an independent Spanish law firm, for up to €50.5 million (£42.5m) in shares and cash with the transaction expected to complete prior to 31 December 2019. Initial consideration consisting of €7.4 million (£6.2m) in cash and €27.6 million (£23.2m) in newly…
Amazon’s investment in Deliveroo raises competition concerns
LONDON, UK: The Competition and Markets Authority (CMA) has flagged competition concerns over Amazon’s investment in Deliveroo. “Amazon’s investment in Deliveroo raises serious competition concerns for UK customers that may require an in-depth investigation by the CMA,” the competition UK watchdog said. Amazon reported UK net sales from its online store in 2018 of almost…
Kongberg to provide PROTECTOR Remote Weapon Station to Danish Army
OSLO, NORWAY: Kongsberg Defence & Aerospace AS has signed a contract with the Danish Ministry of Defence Acquisition and Logistics Organisation (DALO) for delivery of the KONGSBERG PROTECTOR Remote Weapon Station (RWS) to the Danish Army worth 270 MNOK. The system will be integrated on Denmark’s new fleet of Piranha V 8×8 vehicles. The contract…