Kynningsrud Fundamentering has revealed plans to acquire 73% stake in geothermal and water wells drilling services provider, Basum Boring. 

The acquisition will enable Kynningsrud Fundamentering to expand its business in providing pile and sheet piling works. 

"Both companies involved in the acquisition are based in Norway."

Both companies involved in the acquisition are based in Norway. 

Abu Dhabi Investment Authority (ADIA) plans to acquire a minority stake in Cube Highways and Infrastructure for $200m.

ADIA is a sovereign wealth fund owned by the United Arab Emirates, while Cube Highways is an operator of toll roads.