Daily Archives: 27, April 2023

Elvira Tölkes brings 30 years of automotive industry experience to Volkswagen Passenger Cars’ Quality Assurance department

(IN BRIEF) Volkswagen Passenger Cars has announced that Elvira Tölkes will take over as the Head of Quality Assurance from May 1, 2023, reporting to CEO Thomas Schäfer. Tölkes has over 30 years of experience in product development, production, and … Read the full press release

Glencore joins Alunorte, MRN joint ventures with Hydro after stake acquisition

(IN BRIEF) Glencore has agreed to acquire a 30% stake in Alunorte and a 45% stake in Mineracão Rio do Norte from Norsk Hydro for a combined equity value of approximately USD 775 million. Completion of the transaction is expected … Read the full press release

CIIP receives €50m funding from EIB to enhance water services in Marche, Italy

(IN BRIEF) The European Investment Bank (EIB) has granted €50 million to CIIP, the integrated water services provider in the provinces of Ascoli Piceno and Fermo, to improve water and wastewater services in Marche, benefiting over 414,000 people. The funding … Read the full press release

EIB and Aquafin sign €200m deal to finance climate adaptation and mitigation in Flanders

(IN BRIEF) The European Investment Bank (EIB) and wastewater treatment company Aquafin have signed a €200 million financing contract to support 150 climate change mitigation and adaptation projects in Flanders. The funding will support the separation of stormwater and wastewater, … Read the full press release

Cultural diversity celebrated as EBRD announces Literature Prize 2023 finalists

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the finalists for the EBRD Literature Prize 2023, which celebrates literary expression and cultural diversity in countries where the Bank operates. The three shortlisted works are Mister N … Read the full press release

EBRD loan to fund two residential rental projects in Warsaw to address housing shortage

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a loan equivalent to €50 million to NREP Nordic Strategies Fund IV’s Polish subsidiaries for two residential rental projects in Warsaw. The loan includes an uncommitted tranche for … Read the full press release

Atea ASA receives €50m financing from EIB to enhance data security and support data sovereignty in EU

(IN BRIEF) IT infrastructure company Atea ASA has secured a €50 million loan from the European Investment Bank to improve and expand its hosting facilities in EU countries, with a focus on improving data security and supporting the European goal … Read the full press release