Danish CO2 storage project : Drilling rig operator Maersk Drilling will join INEOS Oil & Gas Denmark and Wintershall Dea in a new Danish offshore CO2 storage consortium. According to Maersk Drilling, the consortium will mature a well progressed carbon capture and storage project in Danish waters. It will aim to develop CO2 storage capacity […]
Novo Nordisk acquisition of Corvidia : Danish pharma company Novo Nordisk has agreed to acquire Corvidia Therapeutics from life sciences venture capital firm Sofinnova Partners in a deal worth up to $2.1 billion, in a move to expand its presence in cardiovascular disease. Corvidia Therapeutics, which is based in Boston, Massachusetts, was spun out from […]
Servier has wrapped up its previously announced acquisition of Symphogen, a Danish antibody discovery company, for an undisclosed price. The French pharma company signed the deal in April 2020 with a bid to ramp up its antibody capabilities while ensuring that its own antibody discovery and early-development platform is completely leveraged. Through the acquisition, Servier will […]
Japan-based Takeda Pharmaceutical has agreed to sell a portfolio of 110 non-core over-the-counter (OTC) and prescription pharmaceutical products it sells in Europe along with a couple of manufacturing plants in Denmark and Poland to Orifarm Group for up to $670 million. As per the terms of the deal, Orifarm will pay nearly $505 million to […]
Servier acquisition of Symphogen : French pharma company Servier has agreed to acquire Danish antibody discovery company Symphogen, for an undisclosed price to boost its antibody capabilities while ensuring that its own antibody discovery and early-development platform is fully leveraged. As part of the deal, Servier will get access to Symphogen’s oncology and immune-oncology pipeline […]
Denmark-based Maersk Decom has bagged a contract from Tullow Oil for the complete plugging and abandonment of the latter’s Banda and Tiof fields offshore Mauritania. The company is a 50:50 joint venture between Maersk Drilling and Maersk Supply Service, which was created in 2018, to offer decommissioning solutions to the offshore energy industry. The Mauritanian […]
Eaton, a US power management company, has signed an all-cash deal worth $3.3 billion to sell its hydraulics business to Danish industrial company Danfoss. The divested hydraulics business is said to have accounted for 86% of Eaton’s hydraulics segment revenue last year. The business is claimed to be among the top players in the world […]
Sembcorp Marine Offshore Platforms has bagged a couple of offshore platform contracts worth more than S$550 million ($406.75 million) for the Al Shaheen field offshore Qatar and the Tyra field in the Danish North Sea. The company has bagged the contract for the Al Shaheen oil field from North Oil Company (NOC) for the fabrication […]
Energy company SEAS-NVE has entered into an agreement with Denmark-based Ørsted to acquire the latter’s domestic power distribution (Radius), residential customer and City Light businesses for a cash consideration of DKK21.3 billion (US$3.2bn). The proceeds from divestiture of businesses will help Ørsted to continue its global investments in green energy. Radius with around one million […]
US canned soups producer Campbell Soup Company has agreed to sell its Danish baked snacks producer Kelsen Group to a Ferrero affiliated company for $300 million, as per the latest food acquisition news. Campbell Soup intends to use the proceeds from the sale of the Danish baked snacks producer to cut down its debt. Headquartered […]