News Formal

Norway's Aker Solutions announces merger with Kvaerner, new CEO

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

[OSLO] Aker Solutions announced a merger with Kvaerner and a new chief executive on Friday, forming a firm with US$4 billion in revenue that will target the growing renewable energy market. Read more at The Business Times.

They aim to grow revenue by 10 per cent per year to 2025 based on an expected 29 billion crowns this year, Aker said.

"Central to the deal logic is the eye-catching spin-off its wind development business and the carbon capture technology business in separate listings and fundraisings next month, analysts at equity research firm Redburn said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Broker's take: Sabana Reit upgraded to 'buy' on proposed 'safe abode' mergerTHE proposed merger with ESR-Reit offers Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) a 'safe abode' in these uncertain times, said DBS Group Research on Friday, as it upgraded Sabana Reit to 'buy' from 'hold'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »