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Södra provides SEK 10 million in funding for research and development

In November, the Södra Foundation for Research, Development and Education decided to contribute an additional SEK 10 million to research projects connected with forestry. Six different projects have been awarded grants, one of which focuses on addressing the future market for wood fibre-based products by developing new fibres from existing processing environments.To meet the requirements imposed on new cellulose-based products, such as paper and packaging, it must be possible to regulate and vary the core properties of the pulp used. Chalmers University of Technology has launched the

Acquisition of own shares completed

Aktia Bank plcStock Exchange Release14.12.2016 at 10 am   Aktia Bank plc has completed acquisition of own shares as informed in the Stock Exchange Release of 10 August 2016. During the period from 7 September to 13 December 2016, Aktia Bank purchased 185,000 of its own series A shares at an average price of approximately EUR 9.28 per share by public trading in compliance with the rules of NASDAQ Helsinki Oy. The total price of the acquisition of shares was EUR 1,724,520.66. These acquired treasury shares has been used and will be used for the company’s share-based incentive

ICA Gruppen’s strategic priorities 2017

ICA Gruppen’s board of directors has adopted the company’s strategic priorities for 2017. The priorities are designed to promote continued profitable growth and facilitate cooperation and synergies between various operations in ICA Gruppen.ICA Gruppen has five long-term strategic themes that set the direction for the Group’s operations: customer experience, brand and loyalty, simplicity, employees, and sustainability. In addition to these long-term themes, every year a number of more short-term joint priorities are identified. These are intended to promote continued profitable growth for

Changes in Group Executive Management of Telia Company

Telia Company will have a revised organizational setup as of January 1, 2017. The main change will be Finland and Norway as part of the Group Executive Management. “The new structure will enhance business focus and enable us to speed up decision making whilst ramping up execution across our Nordic/Baltic markets all at the same time while maintaining focus on our responsible business agenda,” says Johan Dennelind, President and CEO, Telia Company.The Norwegian and Finnish operations will from January 1 be part of Group Executive Management. Abraham Foss, the current CEO of Norway will join

Sectra adds to distributors in Russia

Linköping, Sweden, December 14, 2016 - International medical imaging IT company Sectra  (STO: SECT B) announces a new distribution agreement with BioVitrum to provide Sectra’s digital pathology solution to the Russian market. The solution is built on the same platform as Sectra’s radiology solution, which is already available in Russia through a previous distribution agreement. This joint platform for integrated diagnostics improves collaboration between radiology and pathology, thereby increasing efficiency in cancer care.BioVitrum is a nationwide distributor and

Update on extraordinary general meeting

Reference is made to the extraordinary general meeting of Opera Software ASA ("Opera") scheduled to be held on 15 December 2016. The Board of Opera has decided to withdraw its proposal in item 6 to amend the articles of association. The Board has received wide support for the proposal, which it believes would have been sufficient to approve the amendment. However, after further consultation with key shareholders, the Board has decided to withdraw the proposal. As a consequence, shareholders are asked to vote on the Nomination Committee's proposal for 5 nominee directors to the Board.

Balder receives investment grade rating from Moody's (Baa3)

Balder has today received an investment grade rating from Moody's of Baa3 with a stable outlook. The Rating is important for Balder's continued growth in the capital market. Balder is investing in both Denmark and Finland, where we have an exposure to the Euro. With a rating from Moody's we can exploit the European capital market to meet these needs.”Balder’s Baa3 long term issuer rating primarily reflects the company’s focus on stable rental housing properties in Sweden and Finland as well as the prime locations of its commercial properties in Sweden’s largest cities” Says Roberto Pozzi,

ICA Sweden switches IT solution for product supply – recognises impairment loss of SEK 148 million

ICA Sweden is conducting a large IT project aimed at modernising and improving the efficiency of assortment control, master data for product articles, and product supply. After evaluating a previously chosen solution for product supply, a new solution with better functionality and a more favourable investment calculation has been chosen. However, this entails that an impairment loss must be recognised for accumulated costs. The impairment loss amounts to SEK 148 million and will be recognised as a non-recurring item in Q4 2016 for ICA Sweden.Of the three project components, the first two

Skanska builds Life Sciences Building for University of Washington in Seattle, USA, for USD 71M, about SEK 600M

Skanska has signed a contract with the University of Washington to build the school’s new Life Sciences Building and Greenhouse. The contract is worth USD 71M, about SEK 600M, which will be included in the order bookings for Skanska USA Building for the fourth quarter 2016.The new 7-story building will include about 16,000 square meters of laboratory space and classrooms. Additionally, Skanska will construct 1,400 square meters of new greenhouse space. Construction is under way with completion scheduled for summer 2018. Skanska USA is one of the leading development and construction

Top Tips for Christmas Hampers from Castle Howard's Farm Shop

Local products and exquisite taste: two indispensable factors for putting together some of the most exclusive personalised hampers in North Yorkshire, according to Castle Howard’s hamper queen, Angela Reeves, who will be picking and packing gift baskets right up until Christmas Eve! The Christmas hampers are one of the most popular gift selections from Castle Howard’s farm shop, with hundreds of different products to choose from – from speciality flavoured gin and vodka to locally-baked cakes, jams and chutneys and, for those purchasing closer to Christmas, fresh cheeses from local

Citec is going strong in the engineering sector

Citec Germany can provide German-speaking countries with convenient local project management and engineering services in Germany, along with a Citec global competence pool.Citec is a strong player within the engineering sector when it comes to global resourcing. "As part of the Citec Group, we operate on the principle of ‘Global resourcing and a local presence.’ This means that we can benefit from the expert resources of any other Citec country whenever needed, from both a cost and project execution point of view", says Christian Henssler, Managing Director, Citec Germany. Henssler is

Proact buys back own shares

The Annual General Meeting held on 2 May 2016 authorised the Board of Directors at Proact IT Group AB to implement a buyback of own shares amounting to a maximum of 10 per cent of the total number of outstanding shares.According to a press release published on 19 July 2016, Proact’s Board has made a decision to buy back the company’s own shares. As at 13 December 2016, a total of 29,000 shares have been bought back, at an average price of SEK 137.50 per share. With this, a total of 160,625 shares have been bought back since the Annual General Meeting, a figure equivalent to 1.7 per cent of

Precise Biometrics has completed a private placement of shares

The board of directors of Precise Biometrics AB (publ) (“Precise Biometrics” or the “Company”) (Nasdaq Stockholm ticker: PREC) has, based on the authorization from the annual general meeting held on 17 May 2016, resolved to issue 14,925,373 new shares in Precise Biometrics through a private placement directed to a group of qualified Swedish and international investors (the “Private Placement”). The purpose of the Private Placement is to finance Precise Biometrics’ ongoing acquisition of NexID Biometrics while maintaining the Company’s current financial position. The Private Placement was

Clas Ohlson’s Nomination Committee appointed

In accordance with the applicable nomination procedure, as adopted by the Annual General Meeting, Clas Ohlson’s Nomination Committee is to comprise the Chairman of the Board and four members representing the four largest registered owners or shareholders known in some other manner. The Haid and Tidstrand families are to appoint one member each to the Nomination Committee.Prior to the 2017 Annual General Meeting, Clas Ohlson’s Nomination Committee will comprise the following members: · Kenneth Bengtsson, Chairman of the Board of Clas Ohlson AB · Jonas Bergh, representing the Haid

Enea completes acquisition of Qosmos

STOCKHOLM, Sweden, December 14, 2016 – Enea® today announced the completion of the acquisition of Qosmos, a privately held company with leading positions in IP traffic classification and network intelligence. After approval by the French Ministry of Finance, the acquisition is a step in Enea’s strategy of creating a bigger and stronger company, with focus on embedded software for communication and networking.The total consideration amounts to approximately 52.7 MEUR and is financed through cash and bank loans. Qosmos is estimated to generate sales of approximately 14.2 MEUR in 2016. The

Skanska invests EUR 32 M, about SEK 300M, in phase I of an office project in Budapest, Hungary

Skanska invests EUR 32M, about SEK 300M, in phase I of Mill Park, an office complex in Budapest, Hungary. The first phase will offer a total leasable area of around 18,400 square meters on 7 stories above ground. About 45 percent of phase I is currently pre-leased.The Mill Park complex, located in the 9th district of Budapest, will comprise two office buildings with a total leasable area of over 36,000 square meters. The project is expected to receive LEED Gold certification. Mill Park will function as a meeting point, where tenants, employees and guests can work, meet and relax. The

Eniro has reached a stand still agreement with bank syndicate to defer payments

Eniro AB (publ) – listed on Nasdaq Stockholm – has today reached an agreement with its lenders, a syndicate of six banks, which means deferment of principal payments on the company's bank loans and the key ratio covenants of the loans. During the period of this stand still agreement Eniro will negotiate about the company's loan agreement and capital structure. The stand still agreement is in effect until the end of February 2017. – If a reorganization of the capital structure can be achieved, we see good conditions for Eniro. During the autum the executive management has, together with

SSM continues to invest in the city of Nacka

– starting a project that aims to build approximately 350 apartments SSM Holding AB (publ), the leading operator within residential development in the Stockholm region is continuing to expand its business by acquiring a new project in the attractively-located Elverkshuset in the city of Nacka. The project aims to develop about 350 apartments through a new joint venture between the property owner LIBU Invest and SSM. Construction is expected to start in 2019 with occupancy in 2021.SSM and LIBU Invest have initiated a collaboration by forming a joint venture to manage a project that aims

Tikkurila lowers its guidance for 2016 operating profit

Tikkurila OyjStock Exchange ReleaseDecember 14, 2016 at 9:00 a.m. (CET+1) Tikkurila lowers its guidance for 2016 operating profit During the latter year-half of 2016, the expenses have increased due to e.g. price hikes in certain key raw and packaging materials. In addition, changes in foreign exchange rates have mainly been negative and sales development in October and November have been weaker than expected. Due to these factors, Tikkurila estimates its adjusted operating profit to be below the 2015 level. New guidance: Tikkurila expects its revenue for the financial year

Catena Media takes a leading position in the US market – acquires regulated affiliate assets

Catena Media continues to establish its strong and fast growing position in the lead generation market within iGaming through an acquisition of websites and other affiliate related assets from three US founders. The total upfront purchase price amounts to USD 15 million, whereof 25 percent will be settled with 440,669 new Catena Media shares. Additional earn-out payments can amount to a maximum of USD 45 million, and are based on revenue performance during the next three years.The acquired assets’ current revenue run rate is around EUR 1 million per quarter, with an operating margin of

Cleantech Invest raises EUR 5M into Nocart to accelerate growth in African renewable energy market

Cleantech Invest portfolio company Nocart Oy has signed a 5M€ investment round. Investors include Cleantech Invest SPV 5, and two Finnish family offices. The funding will be used to further accelerate growth of Nocart Oy. Nocart delivers distributed power plants combining solar, wind, bio and other energy sources, as well as energy storage for utility grade electricity production. The company has been growing fast and recently announced a large agreement for the delivery of power plants to Zambia. Cleantech Invest SPV 5 AB, a Swedish holding company founded by Cleantech Invest, has

Positive momentum despite increasing credit margins

The December issue of the Swedish Catella Real Estate Debt Indicator shows an improvement in the CREDI Main Index from 42.5 to 44.4, which indicates positive momentum in credit sentiment in Sweden. However, the market is still in contraction as the surveyed banks and property companies agree that credit margins are increasing.“Over the past three months, we have observed a small but noticeable improvement in the CREDI Main Index from 42.5 to 44.4, which is the best result since September 2015. However, banks and property companies agree that credit margins have increased and will continue

RepRisk launches its Sector Benchmarking Report on the Retail sector

Sector Benchmarking Report ranks the top ten companies in the Retail sector by the RepRisk Rating as of December 2016Zurich, Switzerland – December 14, 2016 – RepRisk, the leading provider of dynamic business intelligence on environmental, social, and governance (ESG) risks, is pleased to announce the release of its Sector Benchmarking Report focusing on the Retail sector. The report highlights the ESG issues, topics, and countries mostly related to the Retail sector, and ranks the top ten companies in the sector by the RepRisk Rating, a proprietary risk metric developed by RepRisk that

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