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Aker Carbon Capture has decided to sell its 20 percent ownership interest in SLB Capturi to Aker, targeting cash distribution to its shareholders and subsequent liquidation

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FORNEBU, Norway, May 9, 2025 /PRNewswire/ — Aker Carbon Capture ASA (Aker Carbon Capture or ACC) and Aker ASA (Aker) today announced an agreement whereby Aker will buy the 20 percent ownership interest in SLB Capturi. The agreement forms part of an overall solution for ACC that will optimize value for shareholders by ensuring a significant liquidity event.

The transaction follows a strategic review process in Aker Carbon Capture, concluding that this transaction represents the most attractive alternative for Aker Carbon Capture and its shareholders.

The agreement implies a transaction value for Aker Carbon Capture of NOK 3.03 per share, or NOK 1.83 billion, which represents a premium of 15% to yesterday’s closing price and 19% to the volume weighted average price during the last 30 days. Key elements include:

Aker, through a subsidiary of Aker Capital AS (ACC HoldCo), will acquire the 20% ownership interest in SLB Capturi AS held by ACC’s subsidiary Aker Carbon Capture AS for a cash consideration of NOK 635 million.Aker Capital AS will offer a guarantee to cover ACC’s parent company guarantees and liabilities towards SLB as the seller in relation to the SLB Capturi partnership. This guarantee will increase the distributable reserves in ACC.

Following completion of the sale of the ownership interest in SLB Capturi AS, the ACC Board of Directors will propose that shareholders approve a dividend payment of approximately NOK 1.7 billion, equalling NOK 2.86 per share in Aker Carbon Capture. This corresponds to approximately NOK 1.1 billion in existing cash in ACC, and NOK 635 million in proceeds from the sale to Aker. An extraordinary general meeting to consider these matters is expected to be called for 15 May 2025. Subject to shareholder approval and other customary conditions, the SLB Capturi transaction is expected to close and dividend payment completed by end of the third quarter 2025.

After the sale of the ownership interest in SLB Capturi AS and the dividend payment, the Board of Directors will propose to ACC’s shareholders that the company be liquidated, with any remaining cash distributed to shareholders as liquidation dividends. An extraordinary general meeting to consider these matters is expected to be called for within 2025.

Karl Erik Kjelstad, Chairman of Aker Carbon Capture comments:

“This transaction grants shareholders early access to capital-two years ahead of the original timeline-through a carefully structured combination of cash distributions and dividends, delivering meaningful value amid a period of pronounced market volatility. Following a thorough strategic review, we are confident that this represents the  best path to timely value realization for our shareholders. Furthermore, we are pleased that the transaction will reinforce strong industrial ownership in SLB Capturi, a joint venture dedicated to accelerating industrial decarbonization.”

Øyvind Eriksen, President and CEO of Aker ASA, comments:

“The creation of SLB Capturi has already delivered substantial value for Aker Carbon Capture shareholders. This transaction with Aker unlocks additional value amid ongoing market uncertainty. It also provides a clear and constructive path forward for our continued strategic collaboration with SLB in the development of SLB Capturi.”

Considerations

The Board of Directors of ACC has reviewed the structure and financial aspects of the transaction supported by financial and legal advisors. ACC finds the transaction to be in the best commercial interest of the company and its shareholders. Consequently, the Board has deemed it advisable to complete the transactions as described above.

Please refer to ACC’s website for an announcement as required pursuant to Section 3-19 of the Norwegian Public Limited Liability Companies Act, which regulation applies whenever a subsidiary of a public company such as ACC enters into a qualifying material agreement with a related party.

Advisors

SEB has acted as financial adviser and Wikborg Rein Advokatfirma AS has acted as legal counsel to Aker Carbon Capture in connection with the transaction.

For further information, please contact:

Mats Ektvedt, Media, tel: +47 41 42 33 28, email: mats.ektvedt@corporatecommunications.no

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Mats Ektvedt on 9 May 2025.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-carbon-capture-asa/r/aker-carbon-capture-has-decided-to-sell-its-20-percent-ownership-interest-in-slb-capturi-to-aker–ta,c4147913

 

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VERIZON FIOS CUSTOMERS MAY LOSE STARZ

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43 minutes ago

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October 1, 2026

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SANTA MONICA, Calif., Sept. 30, 2026 /PRNewswire/ — STARZ issued the following statement regarding the status of its negotiations with Verizon and the potential loss of all STARZ channels, STARZ On Demand and the STARZ app through Verizon Fios.

“STARZ has been negotiating in good faith with Verizon on a distribution agreement that would ensure our shared customers continue to have uninterrupted access to STARZ’s premium programming,” said Alison Hoffman, President of STARZ Networks. “As an independent programmer dedicated to women and underrepresented audiences, STARZ is vital to a competitive media marketplace, providing diverse programming alternatives to content from larger conglomerates. Limiting access to STARZ would reduce competition and consumer choice. Unless an agreement is reached imminently, our viewers should be prepared for Verizon to remove STARZ.”

If this happens, it would impact Verizon Fios’ customers’ ability to watch STARZ’s programming, including the full “Power” Universe and the upcoming “Power: Origins,” every episode of the timeless romantic drama “Outlander” and its critically acclaimed prequel, “Outlander: Blood of my Blood,” the upcoming season of the award-winning “P-Valley,” the current season of the crime drama “S.W.A.T. Exiles,” and the upcoming premiere of critically acclaimed drama, “Tip Toe,” which are available exclusively on STARZ. Fans would also lose access to STARZ’s extensive film library, including the global phenomenon Michael.

About STARZ
STARZ (NASDAQ: STRZ) is the leading premium entertainment destination for women and underrepresented audiences, and home to some of the most popular franchises and series on television. STARZ offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning “We’re All Adults Here.” Complementary to any platform or service, STARZ is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry-leading advanced technology, data analytics and digital infrastructure and the highly rated and first-of-its-kind STARZ app.

# # #

Press Inquiries – Contact:
Jennifer Minezaki
jennifer.minezaki@starz.com 

Erin Moody
erin.moody@starz.com

Stephanie Lambert
stephanie.lambert@starz.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/verizon-fios-customers-may-lose-starz-302895108.html

SOURCE Starz Entertainment LLC

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Vyrao is acquired by a newly established Healthcare & Beauty Platform, Tresalis, Naming Yasmin Sewell Chief Brand Officer

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43 minutes ago

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October 1, 2026

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The new owner-operator platform, anchored by ATHOS and Dr. Fernando Tamez, becomes majority shareholder and operating partner; founder Yasmin Sewell continues to lead as Chief Brand Officer and shareholder.

LONDON, Sept. 30, 2026 /PRNewswire/ — A new owner-operator platform, Tresalis, built to acquire and grow science-and efficacy-led consumer health, beauty and wellness brands, today announced the acquisition of Vyrao, the London-founded wellbeing fragrance house. The transaction brings Vyrao under the majority ownership and operating partnership of the new platform. Yasmin Sewell and existing investors will retain minority equity interests in the business.

The new platform is acquiring and building differentiated brands, combining long-term capital with hands-on operating capabilities across brand growth, commercialization, international expansion and shared infrastructure. Focused on science-led brands, the platform brings together an experienced founding team, anchored by ATHOS, a Munich-based family office, and Dr. Fernando Tamez, a serial entrepreneur in health and beauty. Vyrao is its first acquisition and will retain its distinct brand identity and leadership while benefiting from the group’s clinical expertise, operating resources and global network.

Yasmin Sewell, who founded Vyrao in 2021, will continue to lead the brand’s creative and strategic direction as Founder, Chief Brand Officer and shareholder.

Existing investors including but not limited to Elevate Beauty and Manzanita Capital remain equity partners in Vyrao following the transaction. Victoria Kisseleva and Alex Lewis from FRP Corporate Finance advised on the transaction.

“I created Vyrao with the sole purpose of elevating our mood and energy – the brand was always about our well-being with fragrance as the first medium. To be on this new journey now with such brilliant partners, and to be the first on a new platform that’s in complete synergy with the vision and intention of Vyrao is so exciting. It also feels very kismet.” — Yasmin Sewell, Founder, Chief Brand Officer and Shareholder, Vyrao

“We are incredibly excited about the acquisition of Vyrao, a rare brand that sits at the intersection of luxury fragrance, emotional wellbeing, and credible science with a truly distinctive identity and enormous potential to scale globally. The acquisition marks our first investment from Tresalis, the broader platform we have created in partnership with ATHOS, focused on identifying exceptional brands with strong authenticity, differentiated intellectual property and significant international potential.” — Dr. Fernando Tamez

“Vyrao has always stood apart as a pioneer in the beauty category. This partnership is exactly the right next step for the brand to further expand and achieve its full potential. We see tremendous opportunity ahead and are confident in the platform ATHOS and Dr. Tamez are building. Combined with Yasmin’s creative leadership and Vyrao’s distinctive identity, it is a powerful foundation for growth. Elevate Beauty is genuinely excited to remain part of the journey in the brand’s next chapter.”— Cori Aleardi, Founding Partner, Elevate Beauty

About Vyrao

Built on the belief that energy is everything, Vyrao is the pioneer of a new genre of fragrance – reimagining scent as a catalyst for wellbeing by blending master perfumery with the principles of neuroscience. The name derives from the Latin verb “vireo”, meaning “I am verdant, I am vigorous, I sprout fresh green growth” – underscoring the brand’s energy-amplifying purpose.

Vyrao was founded by Yasmin Sewell, renowned fashion and creative director behind luxury retailers Browns and Liberty, and a certified expert in reiki, with extensive training in Ayurveda, flower essences, and other holistic practices. Sewell set out to build a brand around the belief that joy and wellness are the new luxury, bringing a revolutionary, multi-dimensional approach to mood-boosting fragrance.

Each neuroscent is developed using clean ingredients and informed by neuroscience research into their emotional benefits, in partnership with International Flavors & Fragrances’ Science of Wellness program. Since launching The Sixth, Vyrao has gone on to release Sun Rae, Mamajuju, Ludeaux, Ludatrix and, most recently, Ever 11, each built around ingredients selected for their mood effects. As part of its continued evolution, in 2025, Vyrao worked with IFF’s Science of Wellness program to reformulate four of its original fragrances – Witchy Woo, Free 00,Georgette, and I am Verdant – ensuring that all ingredients are not only vegan and cruelty-free but also non-toxic and phthalate-free.

The range has since expanded beyond fragrance into candles, incense, and cream scents. In 2026, Vyrao entered body care with its multi-award-winning cream scents for hands and neck – a new, multifunctional fragrance format.

“I founded Vyrao with the intention of sparking joy and boosting emotional wellbeing through the senses: scent, colour, light, and image,” said Sewell.

In the five years since launch, Vyrao has grown into a global presence, now stocked by leading retailers including Liberty London, Harvey Nichols, Space NK, Mecca, Skins, Revolve, FWRD, Goop, The Webster and Violet Grey.

Along the way, the brand has been recognised by leading titles including Vogue, Allure, BoF, Forbes, The New York Times, HTSI and ELLE, and has received more than 15 industry awards, including Fragrance Foundation UK, InStyle, Marie Claire UK & US, GQ Grooming, Harper’s Bazaar Fragrance & Skincare Awards, and Condé Nast Traveller.

View original content:https://www.prnewswire.com/news-releases/vyrao-is-acquired-by-a-newly-established-healthcare–beauty-platform-tresalis-naming-yasmin-sewell-chief-brand-officer-302895082.html

SOURCE Vyrao

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LG Energy Solution Partners With indiGOtech to Explore 46-Series Cylindrical Battery Supply for U.S. Commercial Electric Vans

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43 minutes ago

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October 1, 2026

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SEOUL, South Korea, Sept. 30, 2026 /PRNewswire/ — LG Energy Solution today announced that it has signed a non-binding memorandum of understanding (MoU) with U.S.-based commercial electric vehicle (EV) startup indiGOtech to explore battery supply and technological collaboration.

indiGOtech is headquartered in Woburn, Massachusetts, and specializes in electrifying commercial van platforms for the North American market. The company is developing an ecosystem that integrates vehicles, charging infrastructure, and digital services. 

Under the MoU, the partners will work toward a final agreement for LG Energy Solution to supply 46-series NCM cylindrical battery cells from 2027 to 2030 for indiGOtech’s upcoming Flow Ride and Flow Cargo EVs.

The partners will support joint business development through vehicle-battery integration and performance verification efforts. To maximize vehicle performance, both companies intend to review opportunities to extend driving range and reduce charging times.

“Urban ride hail and delivery must electrify and automate at scale, but today’s electric vehicles are not designed for purpose, and are severely limited by the local charging infrastructure – that’s why vast majority of rides and deliveries are still driven by gas vehicles.” said Will Graylin, Chairman and CEO of indiGOtech. “Working toward a long-term relationship with LG Energy Solution brings together advanced battery technology for durable economic advantage for vehicles, drivers and fleet operators.”

“Based on LG Energy Solution’s 46-series NCM cylindrical battery technology that boasts high energy density and rapid charging capabilities, we will closely collaborate with indiGOtech, which is successfully building the Transportation-as-a-Service (TaaS) ecosystem in the U.S.,” said Sunghwan Oh, Mobility & IT Battery Marketing Group Leader of LG Energy Solution. “Leveraging this partnership, we plan to enter the diverse commercial vehicle market in the U.S., including logistics, last-mile delivery, and ride-hailing.”

LG Energy Solution is also strengthening its competitiveness by securing additional customers for its 46-series cylindrical batteries. The company reported that cylindrical battery shipments increased by 1.5 times year on year as of Q2, supported by stable mass production and expanded deliveries of its 46-series batteries.

About LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 100,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

About indiGOtech

indiGOtech is building the intelligent mobility platform for the next era of sustainable local transport and commerce. Headquartered in Woburn, Massachusetts, the company develops an integrated ecosystem that combines smart electric vehicles, charging infrastructure, and mobility services—engineered to reduce cost per mile and maximize fleet performance. Through its connected platform, indiGOtech aims to accelerate the electrification of commercial fleets across logistics, last-mile delivery, and ride-hailing segments in North America.

View original content:https://www.prnewswire.com/news-releases/lg-energy-solution-partners-with-indigotech-to-explore-46-series-cylindrical-battery-supply-for-us-commercial-electric-vans-302894176.html

SOURCE LG Energy Solution

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