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Day: July 17, 2025

Telenor Announces Sale of its Stake in Allente to Viaplay

Fornebu, Norway – 17 July 2025 – Telenor Group has today signed an agreement to sell its 50% stake in Allente to Viaplay for a total consideration of SEK 1.1 billion. Allente, a joint venture between Telenor and Viaplay, was formed in May 2020 through the merger of Canal Digital and Viasat. Allente is a distributor of premium TV content serving residential subscribers and several business customers across the Nordics. The transaction will not affect customers, who will continue to receive the same high-quality services as before. “We are proud of what has been accomplished together with Allente and Viaplay over the past five years. As the company enters its next chapter, there is a better fit with Viaplay’s strategy than with Telenor’s. We’re confident the company will be in the right hands going forward,” says Dan Ouchterlony, EVP of...

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TGS announces Q2 2025 results

Financial highlights:Multi-client revenues impacted by several library data purchases being postponed and low client commitment to ongoing projects Challenging operational conditions for a large contract project and lower than expected JV partner participation for certain multi-client programs negatively affected contract revenues Order inflow of USD 133 million during Q2 2025 – total order backlog of USD 425 million Net cash flow of USD 11 million in Q2 2025, compared to USD -13 million in Q2 2024 Maintaining a stable dividend payment of USD 0.155 per share to be paid in Q3 2025 Gross operating costs for 2025 expected to be approximately USD 950 million compared to previous guidance of approximately USD 1,000 million – reduction driven by further efficiency gains and vessel scheduling“The Q2 2025 results were negatively impacted by...

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Hexagon Purus ASA: Results for the second quarter 2025

Key developments in Q2 2025 and after balance sheet date:  •   Quarterly revenue of NOK 193 million in the second quarter of 2025, 63% lower compared to same quarter last year;•    EBITDA of NOK -161 million in the second quarter of 2025, compared to NOK -97 million in the same period last year;•    Signed new supply agreement with Hino Trucks for supply of class 6 & 7 battery electric trucks to the U.S. market and initiated process to explore options for the BVI segment;•    Exited the quarter with order backlog consisting of firm purchase orders of close to NOK 1.1 billion. “We have had a tough second quarter with revenue ending at NOK 193 million, which is down 63% year-over-year due to significantly lower activity in hydrogen infrastructure and hydrogen heavy-duty mobility. On the positive side, we had high order intake in the...

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Verkkokauppa.com Oyj: Strong performance in a cautiously recovering market

HALF-YEAR REPORT for 1 January – 30 June 2025 Verkkokauppa.com Oyj: Strong performance in a cautiously recovering market Verkkokauppa.com Oyj        HALF-YEAR REPORT 17 July 2025, 8:00 a.m. EET Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited. April–June 2025 in briefRevenue grew by 10.4 percent and was EUR 116.5 million (105.5) Gross profit was EUR 19.9 million (17.3) and gross margin 17.1 percent (16.4%) Operating result (EBIT) was EUR 1.8 million (-2.0) or 1.5 percent of revenue (-1.9%) Comparable operating result (comparable EBIT) was EUR 2.0 million (-1.7) or 1.7 percent of revenue (-1.6%) Items affecting comparability were EUR -0.2 million (-0.3) Result for the period was EUR 1.0 million (-2.1) Earnings per share were EUR...

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Novartis Appoints Mukul Mehta as Chief Financial Officer, as Harry Kirsch Retires after 22 Years with the Company

Ad hoc announcement pursuant to Art. 53 LRMukul Mehta, currently Head of Business Planning and Analysis (BPA), Digital Finance and Tax, has been appointed Chief Financial Officer, effective March 16, 2026, and will join the Executive Committee (ECN) After an extraordinary 22-year career at Novartis and more than 12 years as a member of the ECN, Harry Kirsch will retire and step down from the ECN on March 15, 2026Basel, July 17, 2025 – Novartis announced today the appointment of Mukul Mehta as the Chief Financial Officer (CFO) and a member of the Executive Committee of Novartis (ECN), effective March 16, 2026. Mukul succeeds Harry Kirsch, who has served as CFO since 2013, and will retire from Novartis after an extraordinary 22-year career with the company. Harry will continue in his role as CFO and member of the ECN until March 15,...

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Century Aluminum Company Announces Pricing of Private Offering of $400 million of Senior Secured Notes

CHICAGO, July 16, 2025 (GLOBE NEWSWIRE) — Century Aluminum Company (NASDAQ: CENX) (“Century”) announced today that it had priced its previously announced private offering (the “Secured Notes Offering”) of $400 million aggregate principal amount of 6.875% senior secured notes due August 2032 (the “Secured Notes”). The Secured Notes will be issued at a price equal to 100.00% of their aggregate principal amount. The Secured Notes will pay interest semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2026, at a rate of 6.875% per annum in cash. The Secured Notes will mature on August 1, 2032, unless earlier redeemed or repurchased. The sale of the Secured Notes is expected to close on July 22, 2025, subject to customary closing conditions. The Secured Notes will be guaranteed by Century’s domestic...

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reAlpha Tech Corp. Announces Pricing of $2 Million Public Offering

DUBLIN, Ohio, July 16, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), an AI-powered real estate technology company, today announced the pricing of a public offering of an aggregate of 13,333,334 shares of its common stock, together with Series A-1 warrants to purchase up to 13,333,334 shares of common stock and Series A-2 warrants to purchase up to 13,333,334 shares of common stock, at a combined public offering price of $0.15 per share and accompanying warrants. The Series A-1 warrants and the Series A-2 warrants will have an exercise price of $0.15 per share and will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares upon exercise of the warrants. The Series A-1 warrants will expire five years from the date of stockholder approval and the...

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