Hints and tips:
...Reetta Kaila, chief technology officer and former director of sustainable fuels at Finland’s Wärtsilä Energy, describes it as “more than rocket science”....
...Finland’s Wärtsilä said it would be ready to scale up ammonia-ready engines by the end of next year, while Germany’s Man Energy Solutions plans to deliver an ammonia-powered oil tanker in 2024....
...The company accounted for 4 per cent of Finland’s gross domestic product and half of the value of its stock exchange at its peak in the early 2000s, according to government officials....
...Its initial stake in Nokia is just 3.3 per cent; other Finland-based investors own 15 per cent, according to Bloomberg....
...Edwin Heathcote was a guest of Visit Finland and Hotel Haven, part of Kamp Collection Hotels Photographs: Tuomas Uusheimo; Kuvatoimisto Kuvio Oy; Alamy...
...Employees working for Microsoft Oy, a separate Microsoft sales subsidiary based in Espoo, are not part of the planned reductions....
...Employees working for Microsoft Oy, a separate Microsoft sales subsidiary based in Nokia’s home town of Espoo, are not part of the planned reductions....
...Airfix Aviation Oy, IPP Oil Products (Cyprus) and Oy Langvik Capital are hardly household names, but when the US added the three companies to its sanctions list last month it opened a new front in its game...
...However, earlier this month Finland’s state investment fund, Solidium, which is Metso’s second-largest shareholder with a 11 per cent stake, said it was not in favour of the deal....
...But in a brief statement on Thursday, the FTSE 100 group said the potential deal was for the whole of Wärtsilä....
...Aim-quoted Regenersis was approving the €60m acquisition of Finland’s Blancco, whose clients include Nasa, the US army and Siemens....
...Its approach for Finland’s Wärtsilä is more full-throated. Rolls-Royce, it seems, is back in the game....
...Meanwhile, the bigger strategic picture was somewhat clouded by Rolls-Royce’s aborted discussions to take over Finland’s Wärtsilä, analysts said....
...Shares in Finland’s Wärtsilä were at the top of the FTSE Eurofirst 300, up 7.8 per cent at €25.38, after it emerged that Rolls-Royce, the UK engine maker, had been considering a bid for the world’s largest...
...As well as forming a partnership with Mr Esteves, Mr Batista this month also created a company with UK oil group BP to distribute marine fuels and agreed to build a new factory with Finland’s Wärtsilä....
...“If you just look at Hamworthy by itself, it would definitely be too high a price,” said Björn Rosengren, who became chief executive of Wärtsilä in September....
...Hamworthy, the maker of high-technology equipment for the marine and energy industries, was bought by Wärtsilä of Finland in November, while in the same month Charter International, the compressor and welding...
...Wartsila said an acquisition would give it access to new international offshore and marine gas markets....
...“We’ve always believed we could achieve our aims as an independent business – but Wärtsilä helps us achieve them more quickly than we would otherwise be able to.”...
...And Hamworthy, which makes equipment for the energy and marine industries, agreed in November to be bought by Finland’s Wärtsilä for £383m....
...Product: A redesign of Microsoft’s European offices Agency: Kohina Oy Territory: Helsinki Microsoft recognised that its business was changing....
...Shares in Rolls fell 2.5 per cent to 642½p following a profit warning from Wärtsilä of Finland, the world’s leading maker of marine engines. It blamed much weaker than expected services demand....
...The group also announced that it would close plants in the Netherlands and Finland. Wärtsilä was the biggest gainer in continental Europe, surging 12.8 per cent to €33.83....
...The Hartwalls would be competing against their former family business in Finland – now owned by Heineken – and the route to an Anheuser takeover is unclear while the foundation remains in charge....
...It was founded in 1950 as Amer Tobacco Oy and reported sales of €1.8bn in 2006. It employs 6,553 worldwide and also owns Mavic, the cycling specialist, and Bonfire, the snowboarding retailer....
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