Tallinna Vesi and Nordic Investment Bank signed a loan agreement
Globenewswire· 2025-12-11 07:09
Core Points - Tallinna Vesi signed a €25 million loan agreement with the Nordic Investment Bank to finance investments in 2025–2026, with total investments amounting to €60 million for each year [1][2] - The investments aim to reduce environmental impact and enhance cost efficiency, aligning with the Tallinn Public Water Supply and Sewerage Development Plan [1][3] - The loan will specifically fund the modernization of Tallinn's wastewater infrastructure, including the reconstruction of up to 18 kilometers of the wastewater network and upgrades to the wastewater treatment plant [2][3] Financial and Operational Details - The loan agreement has a duration of 15 years and is part of a financing structure established in 2023 [4] - AS Tallinna Vesi is the largest water utility in Estonia, serving approximately 25,000 private and business customers and around 500,000 end consumers in Tallinn and nearby municipalities [5] - The ownership structure includes the City of Tallinn holding 55.06% and the energy group Utilitas holding 20.36%, with 24.58% of shares freely floating on the Nasdaq Tallinn Stock Exchange [5]
Freudenberg to acquire Nilfisk through an all-cash, Board-recommended offer at a premium of 35.9% against closing price yesterday, following a comprehensive and competitive strategic review
Globenewswire· 2025-12-11 07:04
Core Viewpoint - Freudenberg is set to acquire Nilfisk through an all-cash offer at a premium of 35.9% over the closing price, following a strategic review process [1][4]. Offer Details - The offer price is DKK 140 per share, valuing Nilfisk at approximately DKK 3,798 million [4]. - The offer represents various premiums: 35.9% over the closing price of DKK 103, 39.8% over the one-month average of DKK 100.11, 30.1% over the three-month average of DKK 107.60, 35.9% over the six-month average of DKK 103.05, and 42.3% over the twelve-month average of DKK 98.38 [4]. - The Board of Directors of Nilfisk unanimously recommends that shareholders accept the offer, citing it as the most attractive final offer received [4][10]. Shareholder Support - Major shareholders, including Ferd AS, KIRKBI Invest A/S, and PrimeStone Capital, have signed irrevocable undertakings to tender their shares, representing 50.9% of Nilfisk's shares [4][10]. - The offer is subject to customary conditions, including a minimum acceptance threshold of 90% of shares [4][13]. Future Plans - Following the completion of the offer, Freudenberg intends to delist Nilfisk's shares from Nasdaq Copenhagen and may initiate a compulsory acquisition of remaining shares if it holds over 90% [5][17]. - The completion of the offer is expected in the first half of 2026, pending regulatory approvals [4][17]. Strategic Fit - Freudenberg views the acquisition as a unique opportunity to create a leading player in professional cleaning, combining its manual cleaning solutions with Nilfisk's machine-cleaning offerings [12].
Facephi Ranks No. 1 in Biometric & Document Authentication Capabilities in the Identity Platform Category by The Prism Project
Globenewswire· 2025-12-11 07:00
Core Insights - Facephi Biometría, SA has been recognized as the leader in biometric and document authentication capabilities within the Identity Platform category by The Prism Project [1][7] - The recognition highlights Facephi's commitment to innovation, reliability, and leadership in digital identity technology [2][3] - The company has been ranked 5th in biometric and document authentication capabilities across all categories in the 2025 Biometric Digital Identity Flagship Prism Report, placing it in the top 3% globally [7][8] Company Overview - Facephi specializes in digital identity verification, fraud prevention, and regulatory compliance solutions, utilizing an AI/ML-powered Identity & Anti-Fraud platform [4] - The company has over a decade of experience in developing technologies for safeguarding digital identity and operates in over 30 countries [5] - Facephi's solutions focus on security and data integrity, aiming to prevent identity theft while ensuring ethical management of personal data [4][5]
DNO Charges Past 500 Million Barrels in Kurdistan and Picks Up Speed
Globenewswire· 2025-12-11 07:00
Core Viewpoint - DNO ASA is significantly increasing its operations in the Kurdistan region of Iraq, having surpassed the milestone of 500 million barrels of oil produced from the Tawke license [1][2]. Group 1: Operational Developments - Drilling operations will resume next week after a two-and-a-half-year hiatus, with the spud of a new production well targeting the shallow Jeribe reservoir in the Tawke field [2]. - The company plans to mobilize two rigs to drill eight wells on the Tawke license through 2026, aiming for a 25% increase in gross operated production to reach 100,000 barrels of oil per day [2]. Group 2: Production Performance - Despite a halt in new drilling due to the 2023 export pipeline closure and a revenue drop, the company continues to produce 80,000 barrels of oil per day through low-cost adjustments to existing wells [3]. - DNO has expressed confidence in its ability to extract significantly more oil from the Tawke fields, leveraging two decades of experience in managing complex reservoirs [3]. Group 3: Company Background and Market Position - DNO ASA, founded in 1971, is Norway's oldest oil company and was the first to list on the Oslo Stock Exchange in 1981, holding stakes in various licenses across multiple regions including the Kurdistan region of Iraq and Norway [4]. - The company has established itself as one of the largest European-listed exploration and production companies, with plans to exit 2025 with a net production of 90,000 barrels of oil and gas equivalent [3].
EIB and STMicroelectronics announce €1 billion agreement to boost Europe’s competitiveness and strategic autonomy
Globenewswire· 2025-12-11 07:00
JOINT PRESS RELEASE 11 December 2025 Luxembourg / Geneva EIB and STMicroelectronics announce €1 billion agreement to boost Europe’s competitiveness and strategic autonomy Credit line to strengthen Europe’s semiconductor industry and support innovation, sustainability and energy efficiency in line with EU objectivesFirst €500 million tranche signed to support acceleration of R&D and high-volume chip manufacturing in Italy and France. The new agreement, the ninth between EIB and ST, brings total financing to ...
Planisware expands its Asia-Pacific footprint with the opening of an office and two new data centers in Australia
Globenewswire· 2025-12-11 07:00
Planisware expands its Asia-Pacific footprintwith the opening of an office andtwo new data centers in Australia Paris, France, December 11, 2025 - Planisware, a leading provider of B2B AI-powered SaaS platforms serving the rapidly growing Project Economy, announces the opening of an office and two new data centers in Australia. This dual initiative marks an important step in the group's international development strategy and consolidates its presence in the Asia-Pacific region, where Planisware already has ...
ABN AMRO announces significant risk transfer transaction with Blackstone
Globenewswire· 2025-12-11 07:00
Core Insights - ABN AMRO has completed a significant risk transfer transaction with Blackstone, providing first loss protection on a EUR 2 billion portfolio of large corporate loans [1] - The transaction aims to reduce ABN AMRO's risk-weighted assets by EUR 1.6 billion, while offering Blackstone exposure to a diversified portfolio of large corporate clients [2] - This transaction is part of ABN AMRO's strategy to reallocate up to EUR 8 billion in risk-weighted assets through active portfolio management [3] Company Overview: ABN AMRO - ABN AMRO is one of the largest banks in the Netherlands, focusing on personal banking in the digital age and offering sector expertise [4] - The bank operates a Wealth Management unit that is a leading private bank in the Netherlands, Germany, France, and Belgium, and provides banking and advisory services through its Corporate Banking unit [4] Company Overview: Blackstone - Blackstone is the world's largest alternative asset manager, managing over $1.2 trillion in assets across various global investment strategies [5] - The firm aims to deliver compelling returns for institutional and individual investors by strengthening the companies in which it invests [5]
Revised full-year 2025 outlook
Globenewswire· 2025-12-11 06:46
Core Insights - Nilfisk's US business has not seen the expected improvement in market activity and order intake for November and early December, leading to a revised outlook for organic growth in 2025 [1] - The company now anticipates organic revenue growth to be in the range of 0% to 1%, down from a previous expectation of around 1% [2] - Nilfisk maintains its EBITDA margin forecast before special items at 13% to 14%, which includes profit contributions from associates [2] Financial Outlook - Revised organic revenue growth for 2025: 0% to 1% compared to the previous outlook of around 1% [2] - EBITDA margin before special items remains unchanged at 13% to 14% [2] Operational Challenges - Short-term issues with a supplier have restricted the ability to ship full volumes of two products before year-end [1]
Sampo plc’s share buybacks 10 December 2025
Globenewswire· 2025-12-11 06:30
Core Points - Sampo plc has initiated a share buyback program with a maximum limit of EUR 150 million, which commenced on 6 November 2025 [1][2] - On 10 December 2025, Sampo plc acquired a total of 260,223 A shares at an average price of EUR 10.04 per share [1] - Following these transactions, Sampo plc now holds a total of 6,130,758 A shares, representing 0.23% of the total shares outstanding [2] Summary by Category Share Buyback Program - The share buyback program was announced on 5 November 2025 and is in compliance with the Market Abuse Regulation (EU) 596/2014 [1] - The program is based on the authorization granted by Sampo's Annual General Meeting on 23 April 2025 [1] Transaction Details - The daily buyback on 10 December 2025 included shares purchased across multiple markets: AQEU (4,807 shares), CEUX (118,843 shares), TQEX (27,929 shares), and XHEL (108,644 shares) [1] - The aggregated daily volume of shares bought back was 260,223 shares at a consistent average price of EUR 10.04 [1] Ownership Post-Transaction - After the buybacks, Sampo plc's total ownership of A shares stands at 6,130,758, which constitutes 0.23% of the total shares [2]
Immunovant Announces Pricing of $550 Million Common Stock Financing
Globenewswire· 2025-12-11 06:29
Core Viewpoint - Immunovant, Inc. has announced an underwritten offering of common stock expected to raise approximately $550 million to support its operations and the potential commercial launch of IMVT-1402 for Graves' Disease [1][2]. Group 1: Offering Details - The company is offering 26.2 million shares at a price of $21.00 per share, with the offering expected to close around December 12, 2025, pending customary closing conditions [3]. - Roivant Sciences Ltd., the controlling stockholder of Immunovant, has agreed to purchase shares in this offering [1]. Group 2: Financial Implications - The proceeds from the offering, combined with existing cash and cash equivalents, are anticipated to be sufficient to fund operating expenses and capital expenditures through the potential commercial launch of IMVT-1402 [2].