Day: September 26, 2022

In order to harmonise management and increase synergies, AS Harju Elekter will continue the internal restructuring started in 2020 and plans to merge its plants in Estonia, whereby the production of AS Harju Elekter Elektrotehnika and AS Harju Elekter Teletehnika will be merged into a single subsidiary. The merger of Harju Elekter Elektrotehnika and Harju Elekter Teletehnika will allow for significant savings in both production and labour costs, and for a gradual transition to a company based on the LEAN principles. The assets, rights and obligations of AS Harju Elekter Teletehnika will be transferred in their entirety to AS Harju Elekter Elektrotehnika. The merging companies, Harju Elekter Elektrotehnika as the acquiring company and Harju Elekter Teletehnika as the company being acquired, are both wholly-owned subsidiaries of Harju Elekter....

Saint-Herblain (France), September 26, 2022 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA), a specialty vaccine company, today announced a further update on its COVID-19 vaccine activities. The Company had previously communicated that it would invest in further development of a potential second-generation COVID-19 vaccine only if it received the necessary funding or commitments to such funding during the third quarter of 20221. The Company is in active discussions with a prospective partner for potentially funding the development of a second-generation COVID-19 vaccine. These ongoing discussions may continue for several months and may not lead to an agreement. In parallel, Valneva is continuing discussions with various governments and has initiated regulatory processes with additional regulatory authorities, with the aim to deploy remaining...

Oslo, 26 September 2022: Scatec ASA, a leading renewable energy company, is implementing changes to the Executive Management team to position Scatec for increased growth and to further strengthen the company’s organisation. Renewable energy is more critical than ever. Scatec sees vast opportunities in its key markets to further accelerate the green transition and continue to deliver clean, sustainable, and affordable energy to customers across emerging markets. To achieve this and deliver on Scatec’s ambitions, the company is expanding its executive management team to 11 members and strengthening its regional set up. Strengthened regions and centralised support and service functions The regional approach entails that management will be even closer to Scatec’s main markets to drive growth opportunities for the company and ensure long-term...

Bollène, September 26, 2022 – 07 :00 am (CET)Press Release For Immediate release Success of the €1 million bond issue The Egide Group announces today the success of a bond issue for an amount of €1,000,000.00, intended to complete the financing of the modernization investments of the Bollène facility (beyond the grants of the France Recovery Plan) and to start the deployment of some solutions in the United States, particularly in Cambridge (Maryland, USA). This fundraising was carried out with Vatel Direct, the participative bond financing platform of Vatel Capital. The bonds have an annual interest rate of 8%. Repayment will be made monthly. The combination of principal and interest will result in a gross monthly payment of €24.41 for 4 years for a subscription of €1000. Update on the US situationIn other respects, the Egide Group has...

Amsterdam, 26 September 2022: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Banglalink, its operating company in Bangladesh, is launching next generation 4G networks nationwide across Bangladesh to provide high-quality connectivity to accelerate the use of digital services. The new mobile network is being rolled out over the next few months and will typically double internet speeds once available.  With 92.8% of internet users in Bangladesh relying on 4G to access digital services1, the availability of high-speed, high-quality digital connectivity through Banglalink will benefit the economic development of Bangladesh. “Bangladesh is one of the world’s fastest-growing economies and needs a fast high-quality network to support its rapid...

Luminor Bank has granted short-term loans to AB Linas Agro Group and twelve subsidiaries for a total amount of EUR 118 million. The latest agreement on a EUR 7 million loan between Luminor and UAB Linas Agro Konsultacijos was signed last Friday, 23 September. ‘Since the spring, we have increased the Group’s total short-term financing with Luminor Bank by EUR 35.5 million. The need for working capital is growing not only in food production but also in other areas, such as trade in feed raw materials and the activities of agricultural companies. Completely changed supply markets and logistics, the growth of energy prices, and the planned expansion of activities also increase the need for working capital,’ says Mažvydas Šileika, CFO of Linas Agro Group. The bank’s financing is intended for the Group’s working capital. The...

Basel, 26 September 2022 – Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today that Julie Brown has notified the Board that she will step down as a member of the Roche Board of Directors as she has accepted a management role at another pharmaceutical company. This change will be effective from today. Ms. Brown was elected to the Board of Directors in March 2016 and has since been the Chairwoman of the Audit Committee. Dr. Patrick Frost will chair the Audit Committee on an interim basis until the Annual General Meeting in March 2023. Roche Chairman Christoph Franz: “As a Board member and Chairwoman of the Audit Committee, Julie Brown has contributed significantly to Roche’s success. On behalf of the Board, I would like to express our sincere thanks for Julie’s commitment and contributions to Roche and wish her all the best for...

TORONTO, Sept. 25, 2022 (GLOBE NEWSWIRE) — Abaxx Technologies Inc., (NEO: ABXX) (OTCQX: ABXXF) (“Abaxx” or the “Company”), a financial software company, majority shareholder of Abaxx Singapore Pte. Ltd., the Abaxx Commodity Exchange (ACX), announces SmarterMarkets™, its media platform producing a weekly podcast focused on redesigning markets and technology to better serve society, has surpassed 1 million downloads. Highlights:SmarterMarkets™ passes 1 million downloads milestone 72% of podcast listeners are Director level or above at their organization 55% of listeners work in the Energy, Financial Services and Technology sectorsSeries content features entrepreneurs, icons, and executives of commodities, capital markets, and technology ranting on the inadequacies of our systems and riffing on ideas to improve them.  The podcast...