Daily Archives: 4, July 2023

Groupe Figaro in Exclusive Talks to Acquire Gala Magazine from Vivendi’s Prisma Media

(IN BRIEF) Vivendi has announced that its subsidiary, Prisma Media, is in exclusive negotiations with Groupe Figaro for the sale of Gala magazine. The sale is a requirement for the European Commission’s approval of Vivendi’s combination with the Lagardère group. … Read the full press release

Neste’s Inventors Honored with European Inventor Award for Transforming Waste into Renewable Solutions

(IN BRIEF) Neste, a global leader in sustainable aviation fuel and renewable solutions, has announced that its inventors have been honored with the European Inventor Award 2023 in the Industry category. The award, presented by the European Patent Office, recognizes … Read the full press release

EIF Provides €3 Million Loan to Patria Credit to Expand Access to Finance for Romanian Micro-Farms

(IN BRIEF) The European Investment Fund (EIF) has signed a €3 million subordinated loan agreement with Patria Credit IFN to support micro-farms and expand access to finance in Romania. The transaction, backed by InvestEU, aims to help Patria Credit reach … Read the full press release

EIF Commits €25 Million to Radix Ventures to Bridge Funding Gap for Central and Eastern Europe’s Deep Tech Entrepreneurs

(IN BRIEF) The European Investment Fund (EIF) is investing €25 million in Radix Ventures, a deep tech venture capital fund based in Central and Eastern Europe. The investment aims to address the funding gap for deep tech founders in the … Read the full press release

European Investment Fund Partners with EIB and ICO to Boost Spanish SMEs and Promote Green Projects

(IN BRIEF) The European Investment Fund (EIF), a part of the EIB Group, has joined forces with the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) to invest in asset-backed securities (ABS) issued by BBVA. This collaborative … Read the full press release

EBRD Supports Dnipro City with €25 Million Loan for Essential Services Amid Refugee Influx

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a €25 million loan to Dnipro City in Ukraine to support the continuous provision of vital municipal services. Dnipro, Ukraine’s fourth-largest city, has experienced an influx of refugees … Read the full press release

EBRD Invests in UniCredit’s Green Covered Bond to Promote Sustainable Finance in Czech Republic

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested €45 million in UniCredit Bank Czech Republic and Slovakia a.s. (UCBCS) to support their inaugural green covered bond issuance. The bond, with a five-year maturity, will be listed … Read the full press release

Spanish SMEs to Benefit from EIB and ICO Investments in BBVA ABS, Focusing on Green Development

(IN BRIEF) The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) have invested in asset-backed securities (ABS) issued by BBVA to support Spanish small and medium-sized enterprises (SMEs) and mid-caps. The investment aims to address working capital … Read the full press release

European Investment Bank Prices €5 Billion 10-Year EARN Benchmark Bond with Attractive Coupon Rate

(IN BRIEF) The European Investment Bank (EIB) has announced the successful pricing of a €5 billion 10-year EARN benchmark bond, set to mature on July 15th, 2033. The bond carries an annual coupon rate of 3.000% and was issued at … Read the full press release

Singing to Preterm Infants Boosts Brain Development and Maternal Wellbeing, Study Finds

(IN BRIEF) A recently completed doctoral thesis suggests that parents should sing to their stable preterm infants during kangaroo care, as it promotes brain development in infants and improves maternal wellbeing. The study found that singing during kangaroo care helped … Read the full press release

Max Planck and University of Helsinki Launch Center to Investigate Social Inequalities in Population Health

(IN BRIEF) The Max Planck l University of Helsinki Center for Social Inequalities in Population Health, known as MaxHel, has launched its research initiative to investigate the factors that contribute to health inequalities. The center, located in Helsinki and Rostock, … Read the full press release

Historic Carmelite Church in Straubing Becomes TUM’s Official University Church

(IN BRIEF) The Carmelite church in Straubing, Bavaria, has been designated as the official university church for the Technical University of Munich (TUM). The church is part of the historic Carmelite monastery, which was acquired by the State of Bavaria … Read the full press release

EU Extends Funding for EuroTeQ Engineering University Alliance Until 2027

(IN BRIEF) The European university alliance, EuroTeQ, has secured funding from the EU until 2027 to continue its joint training of engineers. Led by the Technical University of Munich (TUM), EuroTeQ aims to enhance collaboration among eight universities in the … Read the full press release

Shanghai Chemical Industry Park Expands Green Infrastructure with SUEZ’s Hazardous Waste Project

(IN BRIEF) SUEZ has successfully commissioned the SCIP Anyo project, a hazardous waste disposal initiative in Shanghai Chemical Industry Park (SCIP). With an investment of RMB 450 million, the project increases SUEZ’s hazardous waste treatment capacity from 120,000 to 160,000 … Read the full press release

GRAHAM’s Nelson Street Project Nears Completion as Topping Out Ceremony Celebrated

(IN BRIEF) The construction team from GRAHAM has reached a significant milestone in the development of the Nelson Street student accommodation project in Belfast. The 12-storey complex, set to become one of the largest student accommodation complexes in Northern Ireland, … Read the full press release

Marks & Spencer Expands Shwopping Scheme with Dedicated School Uniform Boxes

(IN BRIEF) Marks & Spencer (M&S) is expanding its Shwopping scheme by introducing dedicated school uniform Shwop boxes in over 200 of its stores across the UK. The initiative, in partnership with Oxfam and eBay, aims to give pre-loved school … Read the full press release

Breakthrough Drug Offers Hope for Metastatic Prostate Cancer Patients

(IN BRIEF) Researchers at the Paul Scherrer Institute (PSI) have developed a new drug that shows promise in increasing the survival chances of patients with metastatic prostate cancer. The drug is now being tested in the PROGNOSTICS project, a research … Read the full press release

VINCI Highways Introduces Sustainable Drinking Water Solution Along Athens-Patras Highway

(IN BRIEF) VINCI Highways, in partnership with its subsidiary Olympia Odos, is expanding its innovative “Water from the Air” service along the Athens-Patras highway. The service provides travelers with free, fresh, and high-quality drinking water produced from air ambient humidity. … Read the full press release

CACEIS Strengthens Position as Leading Asset Servicing Provider with Acquisition of RBC Investor Services’ Operations

(IN BRIEF) CACEIS and Royal Bank of Canada (RBC) have successfully completed the acquisition of RBC Investor Services’ European and Malaysian operations. This transaction, which has received regulatory approvals, strengthens CACEIS’ position as a leading asset servicing player in Europe. … Read the full press release

COVIPOR Glass Processing Business Sold by Saint-Gobain in Portugal Deal

(IN BRIEF) Saint-Gobain, a global building materials company, has announced the sale of its glass processing business, COVIPOR, in Portugal to PNI Portugal & Permanente SA. COVIPOR, which generated sales of approximately €20 million in 2022 and employs around 100 … Read the full press release