Norway's Aker Solutions ASA on Friday announced that it will divest its well intervention business to Swedish private equity firm EQT Partners. The transaction is worth USD654.31 million, including debt.
Sweden
Investment group revives Saab 9-3 production after bankruptcy filing
After more than two years since it filed for bankruptcy due to lack of cash and halting production, Swedish car automaker Saab AB via its parent company National Electric Vehicle Sweden (NEV) AB started making cars today.
Cevian buys 25 million A-shares in Volvo, raises stake to 10.5% of votes
Stockholm-based private equity firm Cevian Capital on Monday announced its acquisition of 25 million A-shares in truck manufacturer Volvo. The purchase brought Cevian's ownership to 68.7 million A-shares and 29.8 million B-shares.
Ireland is Europe's haven for tech startups -survey
According to a research study by Dow Jones & Company, Ireland attracted the most venture capital funding per capita in the European region. The data showed that most Irish tech startups have fared well even during the economic recession.
US ranks 31st in Internet speed list, nationwide Google Fiber network to cost USD11 billion
According to Speedtest.net, 30 countries including Moldova and Uruguay have faster Internet than the United States. Google Inc. has began building its fiber network in Kansas. A nationwide Google Fiber rollout, however, may cost USD1 billion.
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Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
Siem Industries and Topcon Corporation raised the bid for Norwegian satellite positioning system firm Veripos. Siem and Topcon offered NOK30 in cash for each Veripos share.
Sweden-based app maker MAG Interactive collected USD6 million in funding from Nokia Growth Partners to be used for the development and expansion of its product and facilities.
Helsinki-based Sanitec Corporation planned to launch an initial public offering on the Stockholm Stock Exchange. The bathroom ceramics and fixtures maker is owned by EQT.
Project A's Managing Director joins the board of Tictail for strategic and operational cooperation, whose membership includes experts in the social media and ecommerce platform.
RenoNorden, the Scandinavian waste management firm backed up by Capvest, announced the appointment of Staffan Ebenfelt as Group CEO.
3i pays EUR165 million for the 49% stake of Allianz Capital Partners in Scandlines. 3i, the private equity investor, had bought out the co-owner of its ferry group Scandlines.
A fake press release was sent claiming Samsung Electronics would buy Sweden’s Fingerprint Cards that made shares soar on Friday trading.
Samsung Electronics Co Ltd issued a statement to deny reports of its acquisition of Fingerprint Cards AB for USD650 million.
