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Greenvolt enters US market with acquisition of Oak Creek Energy Systems – Energy

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Greenvolt enters US market with acquisition of Oak Creek Energy Systems - Energy

This is another step in Greenvolt’s growth strategy through acquisitions. After Europe, the energy company led by Joao Manso Neto is now relocating to the United States.

On Monday, the company announced in a statement that it was “registering and acquiring resources from Oak Creek Energy Systems,” a North American company that has been active in the renewable energy sector since 1982, namely wind energy. The company has projects in the USA and Mexico.

The amount of the deal, which was carried out through V-Ridium Power Group, the Polish subsidiary of Greenvolt, has not been disclosed. In a note sent, Greenvolt notes that “the acquisition will materialize with the creation of the V-Ridium Oak Creek Renewables (VOCR), which will be led by the OCES management team, and will also take over the remaining team.”

The operation will enable the Portuguese company, which entered PSI-20 last September, “to enter the market to promote and develop renewable energy projects in the United States with a very experienced team and extensive development experience.” energy projects in these markets ”.

Greenvolt’s goal in this acquisition is “to develop, build and operate renewable energy projects in the United States alone or in partnership with other operators,” the same note points out.

For the CEO of Greenvolt, “Entering the North American market is a tremendous opportunity, especially as this entry, in addition to creating new growth opportunities for the company, is through a team with extensive experience in developing successful projects. renewable energy sources “.

In Portugal, Greenvolt operates five residual forest biomass cogeneration plants with an installed capacity of about 98 MW. It also has a power generation plant using residual urban biomass in the United Kingdom, with a capacity of about 42 MW.

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In recent months, the company has consolidated its growth strategy in Europe through acquisitions of companies developing solar and photovoltaic projects. Through its Polish subsidiary V-Ridum, GreenVolt has a pipeline with a capacity of about 3.6 GW, of which about 1.5 GW are at an advanced stage or in preparation for construction in Poland, Greece, Italy, France, Romania and Bulgaria.

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Economy

Lisbon leads in Europe. Altri jumped 10% to a three-year high

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Lisbon leads in Europe.  Altri jumped 10% to a three-year high

The Lisbon Stock Exchange ended the session at the top of the European green tide, with the most impressive gains in the block.

PSI ended the day up 1.61% to 5,834.03 points. Altri led the gains, climbing 9.94% to €5.36 after rising more than 13% during the session to break April 2019 highs.

The paper mill benefited from an increase in the “target” of Greenvolt, a company partially owned by Altri, on JB Capital Markets from 7.2 euros to 8 euros. The renewable energy company led by Manso Neto also reacted sharply to the change, raising prices by 4.74% to 6.85 euros.

The company, headed by Soares de Pina, was also helped by the fact that the shares of the paper company went on ex-dividend on Tuesday, which “attracted investors who wanted to receive shares [da Altri] without budget implications,” explained Stephen Santos, analyst at Banco de Investimento Global (BiG).

“Those who bought so far were entitled to receive dividends, but this is income subject to taxation (tax impact),” justifies the specialist contacted by Negosios.

The paper maker was followed by BCP, which ended the session up 6.91% to €0.1640 after the bank, led by Miguel Maia, posted a post-session Monday profit of €113 million in the first quarter, up 95% more than during the same period. period last year.

The bank is also monitoring the sector in Europe, taking advantage of the expectations of interest rate hikes in the eurozone as early as July.

Still among paper producers, Semapa closed the day up 2.61% to EUR 14.16, while Navigator rose 2.50% to EUR 4.09.

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In retail, the session ended mixed, with Jerónimo Martins adding 0.11% to €18.81 and Sonae adding 1.85% to €1.02.

In turn, in the energy sector, Galp followed the growth of oil in the international market and rose by 2.29% to 10.70 euros, while EDP added 0.76% to 4.48 euros, and renewables shares rose by 1.12% up to 20.74 euros.

In terms of losses, REN led the table, falling 4.59% to 2.81 euros, as the energy company began discounting dividends on Tuesday. The company will pay a dividend of €0.154 on 19 May.

(news updated at 16:54 with quotes)

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Economy

Sonae IM sells Thales the cybersecurity holding company that controls S21sec and Excellium – Tecnologias

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Sonae IM sells Thales the cybersecurity holding company that controls S21sec and Excellium - Tecnologias

Sonaecom announced that, through its subsidiary Sonae Investment Management (Sonae IM), it has reached an agreement with Thales Europe to sell the company’s entire share capital and voting rights to Maxive-Cybersecurity. The information was disclosed on Tuesday to the Securities Market Commission (CMVM).

“The deal has an enterprise value target of €120 million and is estimated to have a positive impact on Sonaecom’s consolidated results of around €63 million,” the statement said. “These amounts may vary depending on the effective date of the transaction and the relevant financial performance of Maxive and its subsidiaries at that time,” it explains.

Maxive is the holding company that controls two cybersecurity companies, S21sec and Excelliumm. In a press release about this acquisition, S21sec notes that with this acquisition it will be able to “expand its footprint in Europe”, noting that the deal “represents an opportunity for S21sec to continue its history of cybersecurity innovation and leadership within an organization entirely dedicated to digital and Technological Innovation, Connectivity, Big Data, AI Cybersecurity, Quantum Technology and Defense.”

“We are thrilled to launch this new era in S21sec at Thales Group as we believe this operation will enable us to develop the skills, know-how, experience and services of S21sec globally,” says Agustín Muñoz-Grandes, CEO of S21sec, says in the statement. “S21sec customers will benefit from the complementary and complementary capabilities that Thales has already developed across its cybersecurity division, always targeting mission-critical business and community organizations.”

“The acquisition of Maxive Cybersecurity reinforces our cybersecurity leadership in today’s ever-expanding cyberthreat landscape. We are excited to welcome the Maxive Cybersecurity teams and further strengthen our global cybersecurity capabilities to provide solutions that deliver ever-increasing performance for our customers,” adds Philippe Kerrier, Thales EVP of Strategy, Research and Technology.

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“As the majority shareholder of the company, we have helped S21sec more than triple its annual revenue based on its history of innovation and experience, which has helped it become one of the leading MSSP companies in Europe,” says Carlos Alberto Silva, Managing Partner at Sonae Investment Management. “The acquisition of Thales Maxive Cybersecurity is the perfect culmination for S21sec as a company as it incorporates Thales’ cybersecurity capabilities while continuing to offer its customers a long-term service with enhanced capabilities across its entire portfolio,” adds Simon Church, CEO of Maximum Cybersecurity.

Thales employs 10,000 programmers and 5,000 IT and cybersecurity engineers in 60 countries. 546 Maxive Cybersecurity professionals based in Portugal, Spain, Luxembourg and Belgium will be integrated into Thales’ more than 2,000 cybersecurity employees.

The statement sent to CMVM clarified that completion of the transaction is subject to verification of the usual terms for such an agreement, including regulatory approval, which is expected to occur before November 30, 2022.

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Economy

LUNA Creator Wants to Hard Fork to Save Cryptocurrency and Kill UST Stablecoin

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LUNA Creator Wants to Hard Fork to Save Cryptocurrency and Kill UST Stablecoin

Do Kwon has a plan to try to revive the Earth’s ecosystem and its cryptocurrency MOON: Retire current network and UST stablecoin.

South Korean founder of Terraform Labs defended this Monday (16th) that Earth’s blockchain must go through hard fork which will split the current network into two parts. The old version will be called “Terra Classic” and the new one will be simply “Terra”.

With the adoption of the new version of the blockchain, a new cryptocurrency called Luna appears on the market, and the old token is renamed Luna Classic with the symbol LUNC.

In the new Terra ecosystem, UST is abandoned in the old chain, and the updated version of Terra no longer has stablecoin algorithm.

“Land is more than UST,” Kwon wrote. “While UST has been the central narrative of the Earth’s growth story over the past year, the spread of UST has led to the development of one of the strongest developer ecosystems in crypto that is worth preserving.”

Case a offer will be voted on by the community this Wednesday (18), the hard fork that will create the new Earth circuit will take place next Friday (27).

Distribution of the new version of LUNA

If the hard fork is approved, the new version of Luna will be distributed in the form of airdrops targeted at coin holders.

According to Do Kwon’s proposal, Luna will be distributed free of charge to holders and users who make bid current currency version; for UST holders and developers of major Earth applications.

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According to Kwon, the Terraform Labs wallet will not be participating in this giveaway, which “makes Terra a fully community-owned network.”

The tokens will be distributed to users who had Luna and UST in their wallet at the time the snapshot was taken, with a record of the wallets and their amounts in the given time period.

To determine the distribution of tokens, two snapshots will be taken: the first entry “before the attack” will be from block 7544914 on May 7, and “launch” will be block 7790000 mined on May 27th.

In total, 1 billion Luna tokens will be issued in the new version of the blockchain, distributed as follows:

25% – community pool regulated by management

1% – emergency allocation for core developers (no crashes)

4% are core developers

35% – holders with Luna (minus Terraform Labs wallet) in snapshot”before the attack

10% – Luna holders (including derivatives) in a snapshot”launch

25% – UST holders in the picture”launch

In order to prevent tokens from being dumped into the market after launch, the proposal states that new holders will be locked by coins (cliff) during a year.

“We believe that this distribution of tokens, in addition to LFG’s best efforts to help UST holders, better takes into account the different interests and time preferences for each stakeholder group and, more importantly, creates the most viable path for the rebirth of the Earth’s ecosystem.” concluded Do Kwon.

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