Daily Archives: 22, December 2023

Barnsley and Bradford Schools Partner with Amey for Notable Energy Savings

(IN BRIEF) Amey, a facilities management provider, conducted an energy reduction campaign during Net Zero Week in schools across Barnsley and Bradford. They achieved significant carbon emission reductions of 5.91% in Barnsley and 5.4% in Bradford, totaling a reduction of … Read the full press release

Romania Chooses Rheinmetall for Major Air Defence Modernization Project

(IN BRIEF) Rheinmetall, a technology enterprise, has secured a significant contract worth approximately €328 million from the Romanian Ministry of Defence. This contract involves the comprehensive modernization of Romania’s Oerlikon GDF 103 air defence artillery systems, marking Rheinmetall’s first major … Read the full press release

Global Steel Giant ArcelorMittal Engages dss+ for Company-Wide Safety Audit

(IN BRIEF) ArcelorMittal, a prominent global steel and mining company, has announced its collaboration with dss+, a leading sustainable operations management consulting service, to conduct a comprehensive safety audit across the company. The decision to undertake this company-wide audit aligns … Read the full press release

Equinor and SOCAR Forge Agreement on Azerbaijan Asset Divestment and Low-Carbon Collaboration

(IN BRIEF) Equinor has signed an agreement to sell all its remaining assets in Azerbaijan to SOCAR (State Oil Company of Azerbaijan Republic). These assets include stakes in the Azeri Chirag Gunashli (ACG) oil fields, the Baku-Tbilisi-Ceyhan (BTC) pipeline, and … Read the full press release

Thales Awarded Contract to Modernize Critical MRT Depots in Singapore

(IN BRIEF) Thales has secured a contract with Singapore’s Land Transport Authority (LTA) to modernize two key depots serving the North-South and East-West Lines (NSEWL) of the Mass Rapid Transit (MRT) network. These are vital routes for over 1.4 million … Read the full press release

International Consortium Invests $455 Million in Damietta Port’s Container Terminal Expansion in Egypt

(IN BRIEF) An international consortium of institutions is lending vital support to the development of a second container terminal at Damietta Port in Egypt, a project set to triple the port’s container capacity and enhance its competitiveness. The project is … Read the full press release

EBRD Supports Turkish Metal Casting Company Kutes in Transition to Sustainable Energy with Risk-Sharing Agreement

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with Türkiye Sinai Kalkinma Bankasi (TSKB), a development bank, to support Kutes, a prominent Turkish metal casting company, in its shift toward sustainable energy practices. TSKB is providing … Read the full press release

EIB Group and Santander Collaborate on Securitisation Deal to Boost Green Mortgages and Energy Efficiency Investments in Spain

(IN BRIEF) The European Investment Bank (EIB) Group, comprising the European Investment Bank and European Investment Fund, has partnered with Santander in a synthetic securitisation transaction aimed at supporting energy efficiency investments in Spain. The initiative focuses on financing the … Read the full press release

EIB and Vitalia Sign €90 Million Agreement to Enhance Elderly Care Facilities Across Seven Spanish Regions

(IN BRIEF) The European Investment Bank (EIB) and Vitalia have inked a €90 million loan deal to fund the development of new healthcare facilities, including residential and outpatient care centers, primarily catering to the elderly population in seven regions of … Read the full press release

EIB and Pekao Leasing Strengthen Collaboration with €68 Million Agreement to Boost Sustainable Growth in Poland

(IN BRIEF) The European Investment Bank (EIB) and Pekao Leasing, a subsidiary of Bank Pekao S.A., have formalized an agreement worth €68 million, reinforcing their long-standing partnership. This loan from the EIB will empower Pekao Leasing to offer new financing … Read the full press release

EIB Provides €29 Million Loan to Arteche for Advancing Energy Sector Solutions and Digitalization

(IN BRIEF) The European Investment Bank (EIB) has signed a €29 million loan agreement with Arteche, a Spanish company specializing in electrical equipment and solutions for the energy sector. This InvestEU-backed loan will support Arteche’s research, development, and innovation efforts, … Read the full press release

EIB Commits €475 Million Loan for Brussels’ Metro Line Expansion to Improve Public Transportation and Air Quality

(IN BRIEF) The European Investment Bank (EIB) and the Brussels Capital Region have signed a €475 million loan agreement to enhance Brussels’ public transportation infrastructure by upgrading the existing underground tram connection between the Albert and Gare du Nord/Noordstation stops … Read the full press release

EIB Provides €10 Million Loan to Boost Access to Finance for Women Entrepreneurs in Mozambique

(IN BRIEF) The European Investment Bank (EIB) has signed a €10 million loan agreement to support women entrepreneurs in Mozambique. This financing will facilitate a new €20 million facility by Moza Banco, focusing on small and medium-sized businesses (SMEs) in … Read the full press release

EIB and EIF Partner with Santander to Advance Energy Efficiency Investments in Spain

(IN BRIEF) The European Investment Bank (EIB) and European Investment Fund (EIF) have collaborated with Santander in a synthetic securitisation transaction aimed at supporting energy efficiency investments in Spain. The initiative focuses on financing nearly-zero-emission building construction and the renovation … Read the full press release

EIB Invests €12.5 Million in Swedish Medical Startup BrainCool AB to Advance Innovative Cooling Technologies

(IN BRIEF) The European Investment Bank (EIB) has signed a €12.5 million venture debt agreement with Swedish medical company BrainCool AB, specializing in medical cooling solutions. BrainCool is pioneering body cooling technologies that have the potential to revolutionize care standards … Read the full press release

EIB Grants €500 Million Loan to Enexis for Dutch Electricity Grid Expansion

(IN BRIEF) The European Investment Bank (EIB) has provided a €500 million loan to Dutch distribution system operator (DSO) Enexis to fund its electricity network expansion efforts in the Netherlands. Enexis plans to upgrade and expand its infrastructure, encompassing medium-voltage … Read the full press release

European Investment Bank Commits €24.15 Million for Sustainable Development in Loures Municipality

(IN BRIEF) The European Investment Bank (EIB) and the municipality of Loures have entered into an agreement for the initial €24.15 million portion of a €100 million framework loan. This funding is earmarked to enhance the city’s services, improve living … Read the full press release

KPN Volunteers Organize Festive Christmas Dinners for 600 Lonely Elderly People in Groningen, Amersfoort, and Rotterdam

(IN BRIEF) This holiday season, 200 KPN volunteers in Groningen, Amersfoort, and Rotterdam will bring warmth and joy to 600 elderly individuals facing loneliness. The initiative, known as the Mooiste Contact Fonds, prioritizes social connection by uniting people, especially those … Read the full press release

Vestas Secures Order for 14 Wind Turbines from UAB Vejoteka for Kelme II Wind Farm in Lithuania

(IN BRIEF) Vestas has received a confirmed order from UAB Vejoteka, a subsidiary of Enefit Green, for the Kelme II wind farm project located in Lithuania. The order comprises 14 V162-6.2 MW wind turbines, encompassing supply, delivery, and commissioning services. … Read the full press release

Vestas Secures Order for 8 Wind Turbines from BayWa r.e. for Dollenkamp Project in Germany

(IN BRIEF) Vestas has received a confirmed order from BayWa r.e. for the Dollenkamp project located in Brakel, North Rhine-Westphalia, Germany. The order comprises eight V162-5.6 MW wind turbines, covering supply, delivery, and commissioning services. Once operational, Vestas will provide … Read the full press release

Airbus SE Shares Buyback Updates for Funding Employee Share Ownership Plan

(IN BRIEF) Airbus SE has provided an update on its share buyback transactions, which are carried out in accordance with Regulation (EU) No 596/2014 of the European Parliament and the Council. These transactions are part of a share buyback program … Read the full press release

Outokumpu Completes Share Repurchases Under €50 Million Buyback Program

(IN BRIEF) On December 20, 2023, Outokumpu has successfully concluded its share repurchases as part of its buyback program. The buyback program, announced on November 29, 2023, allowed the company to repurchase up to 11 million shares with a maximum … Read the full press release

Three Ireland Launches 5G Standalone in Partnership with Ericsson, Pioneering Next-Gen Connectivity for Businesses

(IN BRIEF) Three, the largest mobile network in Ireland, is pioneering 5G Standalone technology, making it the first Irish operator to do so. This innovative technology, powered by Ericsson, enables businesses to harness the full potential of 5G with a … Read the full press release

Orange Spain and Ericsson Collaborate to Introduce Groundbreaking Private 5G Networks for B2B Sector in Spain

(IN BRIEF) Orange Spain and Ericsson are embarking on a historic partnership to introduce private 5G networks for the B2B sector in Spain. This groundbreaking collaboration aims to empower businesses to deploy their own private 5G networks, offering real-time automation, … Read the full press release

Sanofi Ceases Development of Tusamitamab Ravtansine for NSCLC after Trial Misses Primary Endpoint

(IN BRIEF) Sanofi has announced the discontinuation of the global clinical development program for tusamitamab ravtansine, following an interim analysis of the Phase 3 CARMEN-LC03 trial. The trial assessed tusamitamab ravtansine as a monotherapy in previously treated metastatic non-squamous non-small … Read the full press release