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Zwipe AS: new streamlining plan to accelerate path toward profitability

OSLO, NORWAY – 21 June 2023 – Zwipe AS today announces a streamlining to accelerate its path toward profitability in the medium term. Excluding one-off fundraising costs incurred in 2023, these initiatives are expected to reduce the group’s operating costs in 2023 by approximately NOK 14 million compared to 2022 and lower the cost base by approximately NOK 35 million on an annual basis. The initiatives will commence immediately, and planned improvements are expected to have full impact from the fourth quarter of 2023. 15 employees will leave the company as a consequence. Following

Metsä Group discusses how to strengthen the state of nature on 28 June at 10 a.m. at SuomiAreena

What can companies do to improve the state of nature while using wood as raw material for renewable products? This will be discussed at SuomiAreena in Pori on Wednesday, 28 June, at 10 a.m. The discussion will be held on the Antinkatu stage.  The panel discussion organised by Metsä Group will feature Marileena Mäkelä, university lecturer at the University of Jyväskylä, Professor Ilari Sääksjärvi from the Biodiversity Unit of the University of Turku, and Timo Lehesvirta, Metsä Group’s leading nature expert. The discussion will be hosted by Baba Lybeck. SuomiAreena is an excellent

Outokumpu is the first in the steel industry to use robotics in safety management – supporting the vision of achieving the lowest accident frequency rate in the industry by 2025

Outokumpu OyjPress releaseJune 21, 2023 at 9.00 am EEST ANYmal robot doing the daily safety monitoring tour at Outokumpu’s site in Krefeld, Germany Outokumpu is the first in the steel industry to use robotics in safety management – supporting the vision of achieving the lowest accident frequency rate in the industry by 2025 Outokumpu, the global leader in stainless steel, will start to utilize artificial intelligence (AI) and safety inspection robots to improve and digitize the company’s facilities’ health and safety monitoring. Outokumpu recently signed a deal with a

Wärtsilä provides restated financial information to reflect structural changes and makes an impairment to Portfolio Business

Wärtsilä Corporation, Stock exchange release, 21 June 2023 at 9:00 EESTWärtsilä provides restated financial information to reflect structural changes and makes an impairment to Portfolio Business Wärtsilä announced in February 2023 that it has completed the strategy review of its businesses. Based on the review, part of the Voyage business (NACOS Navigation, NACOS Automation, Dynamic Positioning and sensors) has been integrated into a new business unit and moved to Portfolio Business. Additionally, the Marine Electrical Systems business unit was moved from Marine Systems to Portfolio

Veg of Lund AB (publ) carries out a new directed issue of shares for conversion of loan

The Board of Directors of Veg of Lund AB (publ) (”Veg of Lund” or the “Company”) has today resolved to carry out a new issue of shares with deviation from the shareholders’ pre-emption rights of, in total, 270,945 shares to one of the loan givers in accordance with the loan agreement which is more thoroughly described in the press release which was published on 29 April 2023.In April 2023 Veg of Lund entered into a loan agreement with a group of five loan givers. The loan agreement contained an individual right for conversion for each loan giver, where repayment could be made with the

UNION therapeutics announces positive topline results from the OSIRIS investigator-initiated proof-of-concept study of oral orismilast in patients with hidradenitis suppurativa

· Study demonstrates clinically relevant improvements in patients with hidradenitis suppurativa (HS) receiving 16 weeks of treatment with oral orismilast · Study supports the dose-finding results from the recent IASOS Phase 2b study of oral orismilast in psoriasis · Orismilast has been granted a Fast Track designation by the FDA for HS, and UNION plans to seek regulatory advice on the design of the pivotal study program · Orismilast is a high potency, next-generation PDE4 inhibitor with broad anti-inflammatory properties also in development for oral treatment of atopic dermatitis (

Glycerol phenylbutyrate approved by the National Medical Products Administration in China for the treatment of Urea Cycle Disorders

Stockholm, June 21, 2023 – Immedica’s partner Hongkong WinHealth Pharma Group Co.Ltd has announced that glycerol phenylbutyrate oral liquid has gained approval for chronic management of patients with urea cycle disorders (UCDs) including deficiencies of carbamoyl phosphate synthetase I (CPS), ornithine carbamoyltransferase (OTC), Citrullinemia type 1, argininosuccinuria, argininemia and hyperornithinaemia-hyperammonaemia homocitrullinuria syndrome (HHH) who cannot be managed by dietary protein restriction and/or amino acid supplementation alone. Glycerol phenylbutyrate must be used with

Heimstaden and IKEA Launch E-Commerce Platform for Students

Heimstaden and IKEA Sweden launch the collaboration in offering students a customised and flexible e-commerce experience on 1 July. The collaboration is piloted in Sweden with an ambition to introduce the concept to other countries.Heimstaden and IKEA share the passion for life at home, and the collaboration will contribute to simplify students’ interior design experience when they move in with Heimstaden. By offering students access to a customized e-commerce platform, Heimstaden and IKEA will make students' living environments more functional, aesthetic, and sustainable. “With a shared

NCC to refurbish 441 apartments in Denmark

NCC has been commissioned by FällesBo to conduct an extensive refurbishment of 21 apartment blocks comprising a total of 441 apartments in Porshöj in central Herning, Denmark. The assignment is a turnkey contract valued at approximately SEK 550 million. Photo: Anette Roien The residential neighborhood was built in the 1960s and is now in need of refurbishment. Bright, modern and energy-efficient housing is now being created for the neighborhood’s residents, and legacy issues in terms of thermal bridges and damp in the apartments will now be remedied. Residents will receive

Neogap acquires TCER Oncology AB, strengthening its position in personalised immunotherapy

Swedish biotechnology company Neogap Therapeutics, which is developing personalised immunotherapy, announces its acquisition of the remaining 30 per cent of the shares in its subsidiary, TCER Oncology AB. This acquisition will broaden Neogap's patent portfolio and strengthen the company's pipeline of potential drug candidates, further consolidating Neogap's position in the field.Previously, Neogap owned 70 per cent of the shares in TCER Oncology AB. During the second quarter of this year, the remaining 30 per cent was acquired from Rolf Kiessling and Stina Wickström in exchange for Neogap

SEB to acquire AirPlus to create a leading European provider in corporate payments

SEB Kort Bank AB, a leading corporate payment solutions provider in the Nordics and wholly owned subsidiary of SEB Group, has entered into an agreement with Lufthansa Group to acquire all shares in Lufthansa AirPlus Servicekarten GmbH, a leading provider within corporate payment services. Together, SEB Kort and AirPlus will become a European leader in corporate payment solutions. For a cash purchase price of EUR 450 million, the transaction will provide SEB Kort with additional scale, a strong footprint for further growth in Europe, and a modern IT platform. Furthermore, the transaction is

Sciety strengthens board with Tommi Unkuri – partner at Summa Equity

Tommi Unkuri was appointed a new member of the board of Sciety AB at the general meeting held on June 13th. With extensive experience in building and developing companies within finance and investing in unlisted life science companies, Unkuri is a valuable addition to the board. Tommi Unkuri is a partner and co-founder of Summa Equity, a private equity company with a strong impact focus where he has established Changing Demographics, an investment area centred on healthcare and life science. Summa Equity manages assets totalling SEK 40 billion and pursues operations in both Europe

K2A set to create more permanent student accommodation in Visby

The shortage of housing for students on Gotland can now be alleviated following a decision by the region’s environment and construction committee, creating an opportunity for K2A Knaust & Andersson Fastigheter to replace the temporary student accommodation that the company constructed in Visby with twice as many permanent student housing units.“It’s extremely positive news for both K2A and the students. A new zoning plan will allow for more housing for Visby’s students, while improving conditions for K2A to provide better, more efficient property management. All we need now is for Region

SAGAX COMPLETES A DIRECTED ISSUE OF COMMON SHARES OF CLASS B RAISING SEK 2 BILLION

The Board of Directors in AB Sagax (publ) (”Sagax” or the ”Company”) has, based on the authorization granted by the annual general meeting on 9 May 2023 and in accordance with the Company's press release earlier today, resolved on a directed issue of 10,000,000 common shares of Class B (the “Share issue”). Through the Share issue, Sagax will raise SEK 2,060 million before issue costs. The subscription price has been set to SEK 206 per share through an accelerated book building procedure. The subscription price corresponds to a discount of 5.07 percent in relation to the closing price on 20

Africa Oil Confirms Closing of Prime Debt Refinancing and Dividend Payment to Prime Shareholders

VANCOUVER, BC, June 20, 2023 /CNW/ (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that its investee company, Prime Oil & Gas Coöperatief U.A. (“Prime”), has confirmed the closing of its debt refinancing and thus significantly increasing its debt capacity and extending its debt maturity profile. This supports the distribution of dividends by Prime to its shareholders and, Prime will distribute the first dividend of 2023 for $125.0 million or $62.5 million net to Africa Oil’s 50% shareholding in Prime on June 21, 2023. The

Nordea Bank Abp: Repurchase of own shares on 20.06.2023

Nordea Bank AbpStock exchange release – Changes in company’s own shares20.06.2023 at 22.30 EET Nordea Bank Abp (LEI: 529900ODI3047E2LIV03) has on 20.06.2023 completed repurchases of own shares (ISIN: FI4000297767) as follows: +----------+-------+-------------------+-------------------+| Trading |Number | Weighted average |Total cost, EUR* **||venue (MIC| of |price / share, EUR*| || Code) |shares | ** | |+----------+-------+-------------------+-------------------+|XHEL |137,908|9.81 |1,352,905.

Storebrand Livsforsikring AS: Full consent for Storebrand in ruling from Tax Appeals Committee gives tax income of NOK 440 million

As previously announced, Storebrand Livsforsikring AS has appealed to the Tax Appeals Committee a decision made by The Norwegian Tax Administration (TNTA) regarding the uncertain tax position for the income year 2015 claiming changes should be made in the tax returns for Storebrand Livsforsikring AS. Storebrand has today received a ruling from the Tax Appeals Committee (Skatteklagenemda), which gives Storebrand full consent. Based on the decision from the Tax Appeals Committee, Storebrand will recognize a tax gain of approx. NOK 440 million in the 2nd quarter of 2023. The tax income will

ASSA ABLOY reports one-off costs of SEK 2.2bn in the Global Technologies Division

ASSA ABLOY reports one-off non-cash costs of SEK 2.2bn in the second quarter of 2023 in its Global Technologies Division, primarily related to the Citizen ID business. These one-off costs are attributable to impairment of goodwill and other intangible assets. "The impairment in Citizen ID reflects the continued long term challenging situation since the pandemic with significantly lower volumes, mainly in the passport business. We will continue with actions to improve the profitability of Citizen ID”, says Nico Delvaux, President and CEO of ASSA ABLOY.   For more information, please

STOREBRAND ASA: Full consent for Storebrand in ruling from Tax Appeals Committee gives tax income of NOK 440 million

As previously announced, Storebrand Livsforsikring AS has appealed to the Tax Appeals Committee a decision made by The Norwegian Tax Administration (TNTA) regarding the uncertain tax position for the income year 2015 claiming changes should be made in the tax returns for Storebrand Livsforsikring AS. Storebrand has today received a ruling from the Tax Appeals Committee (Skatteklagenemda), which gives Storebrand full consent. Based on the decision from the Tax Appeals Committee, Storebrand will recognize a tax gain of approx. NOK 440 million in the 2nd quarter of 2023. The tax income will

ASSA ABLOY´s acquisition of HHI and the divestment of Emtek and the Smart Residential business in the U.S. and Canada have been completed

Today, ASSA ABLOY has completed the acquisition of Spectrum Brands’ Hardware and Home Improvement division (“HHI”) and the divestment of Emtek and the Smart Residential business in the U.S. and Canada to Fortune Brands. "HHI is an excellent addition to ASSA ABLOY, complementing our existing business in terms of product offering and geographic scope, and I am delighted to welcome HHI and all its employees to ASSA ABLOY,” says Nico Delvaux, President and CEO of ASSA ABLOY. “I am also pleased that employees and customers of our divested businesses will be in good hands, and I wish them

Transaction in Own Shares

FIDELITY CHINA SPECIAL SITUATIONS PLC TRANSACTION IN OWN SHARES The Board of Fidelity China Special Situations Plc ("the Company") announces that on 20 June 2023 the Company bought 150,000 of its own shares for cancellation at a price of 213.500 pence per share.  The Company's issued ordinary share capital is 568,276,050 shares of which 85,629,548 shares are held in Treasury, which attract no voting rights. Therefore, the total number of voting rights in the Company is 482,646,502. The above figure (482,646,502) may be used by shareholders as the denominator for the

Correction: ChemoTech´s Animal Care division awarded supplier contract with MedVet; receives an 1,3 MSEK order in the USA

Earlier version of this press release was sent in error, MedVet was incorrectly stated to have selected ChemoTech as "preferred supplier", which has been changed to a supplier agreement being awarded, quotes have also been adjusted along with other minor language changes.VQ Animal Care Inc, our US subsidiary, has received an order of approximately MSEK 1,3 from MedVet, the leading veterinarian owned and led family of specialty and emergency hospitals and urgent cares known for delivering high quality, compassionate care to more than 500,000 patients each year in communities throughout the

SAGAX EXPLORES THE CONDITIONS FOR CARRYING OUT A DIRECTED ISSUE OF COMMON SHARES OF CLASS B IN AN AMOUNT OF SEK 2 BILLION

AB Sagax (publ) (”Sagax” or the ”Company”) has mandated ABG Sundal Collier AB and J.P. Morgan SE (jointly the ”Joint Bookrunners”) to explore the conditions for carrying out a directed issue of common shares of Class B in an amount of SEK 2.0 billion (the “Share issue”) through a so called accelerated book building procedure.   Sagax is a property company focusing on commercial properties primarily within the warehouse and light industrial segment. Sagax invests mainly in properties with stable cash flows located in European metropolitan areas.   Historically, Sagax has expanded

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