Workflow
Akola Group's poultry business to implement a €13 million investment program
Globenewswire· 2025-12-11 07:45
Core Insights - Akola Group's poultry business plans a €13 million investment program for the 2025–2026 financial year, focusing on production modernization, incubation capacity expansion, biosecurity enhancement, and environmental efficiency solutions [1] - In the 2024–2025 financial year, the poultry business in Lithuania and Latvia generated sales revenue of €325 million and a gross profit of €69 million, producing over 120,000 tons of live-weight poultry meat [2] - The largest projects this year are at Vilniaus Paukštynas, which includes modernization with AI-based technologies and investments in odor control and air purification, totaling over €2.6 million in the past year and a half [3] - The company plans to invest around €9 million in Lithuania for modernization, capacity expansion, and environmental protection, which will enhance business efficiency and competitiveness [4] - In the first three months of the 2025–2026 financial year, poultry production volumes remained stable, with a 15% increase in revenue and nearly 19% increase in gross profit compared to the same period last year [5] - Akola Group intends to invest €43 million across various projects throughout the 2025–2026 financial year [6] - Akola Group is the largest agribusiness and food production group in the Baltics, with a revenue of €1.58 billion and a net profit of €61 million in the 2024–2025 financial year [7]
Cegedim Group subsidiary Stacks selected by the Digital Transformation Agency of Castilla-La Mancha CLM for the implementation of an Artificial intelligence system to support clinical decision-making in primary care.
Globenewswire· 2025-12-11 07:45
Core Insights - Cegedim Group's subsidiary Stacks has been selected to implement an AI system for clinical decision-making in primary care by the Digital Transformation Agency of Castilla-La Mancha [1][2] - The project is part of Spain's Recovery, Transformation and Resilience Plan and aims to modernize the public healthcare system [2] - The AI solution will support over 200 health centers and 1,100 clinics, benefiting more than 7,500 healthcare professionals [3] Company Overview - Stacks Consulting e Ingeniería en Software has over 30 years of experience in healthcare information systems and has implemented primary care systems across various Spanish regions [5] - Cegedim, founded in 1969, is a technology and services group focused on digital data management for healthcare and B2B, employing nearly 6,700 people and generating over €654 million in revenue in 2024 [6] Technology and Impact - The AI system aims to enhance clinical knowledge management, streamline care processes, and improve patient safety, contributing to a more personalized and predictive medicine model [4] - Llamalítica, a health-technology company specializing in generative AI, collaborates with Stacks to provide a platform that enhances clinical processes and ensures safety within workflows [8]
Selection process for the new Management Board of AB “Ignitis grupė” has been announced
Globenewswire· 2025-12-11 07:40
Group Overview - The Group "Ignitis grupė" is initiating a public selection process for a new Management Board as the current term is nearing its end, with the new board expected to take office by 25 March 2026 [1][3]. Candidate Selection - Candidates can apply for the Management Board positions until 5 January 2026, with job advertisements and qualification requirements available on the Group's website. The executive search agency Pedersen & Partners UAB is engaged for the selection process [2]. Current Management Board Extension - The current Management Board's term, originally set to end on 17 February 2026, has been extended until the Group's Annual General Meeting of Shareholders on 25 March 2026 to ensure business continuity during the selection process [3]. Management Board Structure - The Management Board consists of five members elected for a four-year term by the Supervisory Board, with the Chair also serving as the CEO of the Group [4]. Responsibilities of Management Board Members - Members of the Management Board are Group employees responsible for implementing the Group's strategy and operations, overseeing five key areas: Strategy and Management, People & Business Support, Finance, Energy Markets & Commerce, and Regulated Business & Government Relations. They also supervise the Group's subsidiaries [5]. Future Communications - The Group will provide further updates regarding the selection of Management Board members in accordance with legal procedures [6].
Michelin: Disclosure of trading in own shares - December 11, 2025
Globenewswire· 2025-12-11 07:30
Core Viewpoint - The company, Michelin, has engaged in a securities repurchasing program, acquiring a total of 1,607,859 ordinary shares at an average price of €27.9875 per share on December 11, 2025 [1]. Summary by Categories Company Actions - Michelin repurchased 893,255 shares through NATIXIS and 714,604 shares through BNP PARIBAS on the same date [1]. Financial Details - The average price for the shares acquired was €27.9875, indicating a significant investment in its own equity [1]. Transaction Platforms - The repurchases were conducted over-the-counter, reflecting a strategic approach to managing its share capital [1].
Karolinska Development’s portfolio company SVF Vaccines presents new preclinical data demonstrating extended effect of SVF-001 in chronic hepatitis B and D
Globenewswire· 2025-12-11 07:28
Core Insights - Karolinska Development AB's portfolio company SVF Vaccines has presented promising preclinical data on its immunotherapy SVF-001, targeting hepatitis B and D, at the HepDart scientific meeting [1][3] - The new data indicates sustained antiviral activity of SVF-001, showing reductions in hepatitis D virus RNA in blood for up to six weeks post-treatment [2][4] - Karolinska Development holds a 33% ownership stake in SVF Vaccines, which also includes other vaccine candidates like SVF-002 for COVID-19 [5] Company Overview - Karolinska Development AB is a Nordic life sciences investment company focused on identifying and developing breakthrough medical innovations [6][7] - The company aims to build companies around leading scientists and experienced management teams, co-funded by international investors [7][8] - The portfolio includes eleven companies targeting innovative treatments for serious diseases, emphasizing a strong global network and proven track record in company building [8]
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 ...