https://newsletter.mw.creamermedia.com
Financial
Financial
financial

Nel spin-off company Cavendish Hydrogen applies for listing in Norway

Hydrogen symbol

Photo by Bloomberg

31st May 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Cavendish Hydrogen, which is being spun out of Norwegian fuel cell company Nel’s fuelling division, has applied for its shares to be listed on the Oslo Stock Exchange.

The spin-off and listing are still subject to satisfaction of certain conditions, including approval by the stock exchange and the Financial Supervisory Authority of Norway.

Cavendish and Nel also have to resolve share distribution matters related to the spin-off.

The companies are confident the spin-off and listing will conclude before the end of the second quarter.

Cavendish will host investor meetings between June 3 and 7 to provide more information on the spin-off and its future plans.

Through the spin-off, Nel and Cavendish aim to create two independent pure-play companies to become market leaders in their respective fields.

The board of Cavenish will include Jon André as chairperson, Robert Borin as CEO and Marcus Halland as CFO.  

The assets, rights and liabilities related to Nel’s fuelling division will all transfer to Cavendish.

Nel, with its electrolyser division, will remain listed on the Oslo Stock Exchange.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.223 0.306s - 126pq - 2rq
Subscribe Now