Daily Archives: 7, May 2018

Glencore acquires 49% interest in the Hunter Valley Operations (HVO) coal mine in NSW, Australia

BAAR, 07-May-2018 — /EuropaWire/ — Glencore has completed the acquisition of a 49% interest in the Hunter Valley Operations (HVO) coal mine in NSW, following the receipt of regulatory approvals. The HVO Joint Venture (JV) with Yancoal, which owns a 51% … Read the full press release

Glencore-QIA Consortium: proposed sale of stake in Rosneft to CEFC China Energy Company Limited will no longer proceed

BAAR, 07-May-2018 — /EuropaWire/ — Glencore refers to the announcement on 16 October 2017 concerning the Consortium’s agreement to sell to CEFC China Energy Company Limited a 14.16% stake in Rosneft. The Consortium has today sent a notice to CEFC to … Read the full press release

Allianz will phase out both its proprietary investments in coal-based business and its insurance coverage of such risks by 2040

Withdrawal from insuring single coal-fired power plants and coal mines in operation or planning, effective immediately Exclusion of coal risks by 2040 in Property and Casualty business and in proprietary investments Joining the Science Based Target Initiative: Commitment to the … Read the full press release

Allianz Group sells 8.4 percent stake in Banco BPI to CaixaBank for 178 million euros

Allianz Group sells 8.4 percent stake in Banco BPI to CaixaBank Allianz and CaixaBank agree to reorganize terms of insurance distribution cooperation in Portugal Allianz Group aims to extend and deepen insurance partnership in Portugal with Banco BPI, subject to … Read the full press release

Daimler AG Member of the Board Ola Källenius on the new Mercedes-Benz G-Class: the new ‘G’ is still a ‘G’ only better

The new Mercedes-Benz G-Class presents itself in top form. Whether on or off the road and whatever the operating conditions, the off-road vehicle impresses with its performance, cutting-edge assistance systems, outstanding handling, and safety. At the same time, the new … Read the full press release

Belarus’ capital Minsk joins EBRD’s Green Cities Framework

Official launch of the city’s Green City Action Plan Belarus is beginning its work under the EBRD’s Green Cities Framework Kick-off meeting for Minsk’s Green City Action Plan to identify, prioritise and address its most pressing environmental challenges This is … Read the full press release

European Bank for Reconstruction and Development (EBRD) helped establish the first Tourism and Hospitality Sector Skills Organisation in Jordan

Skills Organisation launched in Amman First Tourism and Hospitality Sector Skills Organisation in Jordan to help improve standards Huge potential for tourism and hospitality growth in Jordan Sector Skills Organisation to help boost employment in the country LONDON, 07-May-2018 — … Read the full press release

Fortum to establish joint venture with Numaligarh Refinery Limited (NRL) and Chempolis for building and operating a biorefinery in Assam, India

ESPOO, 07-May-2018 — /EuropaWire/ — Fortum takes a step forward in its Bio2x programme by establishing a joint venture together with Numaligarh Refinery Limited (NRL) and Chempolis for building and operating a biorefinery in Assam, India. Fortum will invest to the … Read the full press release

Vattenfall partners with Volvo Cars with the aim to make electric vehicle (EV) charging easier at home

STOCKHOLM,  07-May-2018 — /EuropaWire/ — Vattenfall aims to become a leading electric vehicle (EV) charging infrastructure operator in collaboration with partners. Vattenfall today announces a major new partnership with leading car manufacturer Volvo Cars with the aim to make EV … Read the full press release

CEZ Group’s Elevion Group to deliver complete central energy systems for combined electricity, heat, and cold generation for BMW Group’s headquarters and production facilities in Munich

The German Elevion Group, a member of CEZ Group, will deliver complete central energy systems for combined electricity, heat, and cold generation for BMW Group’s headquarters and production facilities in Munich. The delivery should be completed in the second half of … Read the full press release