Monthly Archives: December 2023

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

ANDRITZ to Deliver High-Efficiency OCC Line to Papel Prensa in Buenos Aires

(IN BRIEF) International technology group ANDRITZ has secured an order from Papel Prensa S.A. to provide a complete old corrugated containers (OCC) line with a reject handling system for their mill in Buenos Aires, Argentina. The OCC line, initially processing … Read the full press release

Vattenfall’s Norfolk Offshore Wind Zone Sold to RWE for £963 Million

(IN BRIEF) Vattenfall has agreed to sell the Norfolk Offshore Wind Zone to RWE for £963 million, ensuring the continued development of three wind farms off the east coast of England. The Norfolk Zone, with a total capacity of 4.2 … Read the full press release

Terna to Invest €3.2 Billion in Sicily’s Energy Infrastructure Development

(IN BRIEF) Terna, Italy’s national electricity grid operator, and the Sicily Region have entered into a five-year partnership to enhance the planning and placement of new electricity infrastructure in Sicily. The collaboration aims to expedite projects outlined in Terna’s Development … Read the full press release

Fincantieri’s Vard Secures €230 Million Contract to Build Cable-Laying Vessel for Prysmian Group

(IN BRIEF) Vard, a subsidiary of the Fincantieri Group, has secured a contract worth approximately €230 million from Prysmian Group, a global leader in energy and telecoms systems, to design and build a cable-laying vessel. This vessel, the third in … Read the full press release

Underwater IoT Breakthrough: Fincantieri and WSense Sign Collaboration Agreement

(IN BRIEF) Fincantieri, a leading shipbuilding company, and WSense, a specialist in underwater monitoring and communication systems, have signed a Memorandum of Understanding (MoU) to collaborate in the field of Underwater Internet of Things (UIoT). This partnership will explore various … Read the full press release

VINCI Railways’ SEA Fund Backs 26 Initiatives for Sustainable Regional Transformation

(IN BRIEF) The SEA Fund for the transition of territories, backed by LISEA and MESEA, subsidiaries of VINCI Railways, has chosen 26 projects to support the agro-ecological transformation of regions affected by the South Europe Atlantic high-speed line (SEA HSL). … Read the full press release

Iberdrola Secures €5.3 Billion Credit Facility with ESG Commitment

(IN BRIEF) Iberdrola, a major energy company, has secured a €5.3 billion credit facility in its largest-ever financing deal. This credit line, signed with 33 international banks, is linked to sustainability objectives, including reducing greenhouse gas emissions by 2030 and … Read the full press release

Cancer Treatment Advances: FDA Recognizes Breakthrough Potential of BNT323/DB-1303 for Endometrial Cancer

(IN BRIEF) BioNTech and Duality Biologics have received Breakthrough Therapy designation from the FDA for their antibody-drug conjugate (ADC) candidate, BNT323/DB-1303. The designation is for the treatment of advanced endometrial cancer in patients who have progressed following immune checkpoint inhibitor … Read the full press release

AFRY Facilitates ENGIE’s Sicilian and Sardinian Wind Farms, Advancing Italy’s Green Transition

(IN BRIEF) AFRY, an international engineering and consulting company, has assisted ENGIE in the construction of two wind farms, Rampingallo and Porto Torres, located in Sicily and Sardinia, Italy. These wind farms, with a combined power output of 60 MW, … Read the full press release

Accenture Strengthens Marketing Transformation in Indonesia with Jixie Acquisition

(IN BRIEF) Accenture has announced its acquisition of Jixie, a media and marketing technology company, to enhance its marketing transformation capabilities. Jixie’s intelligent digital marketing platform and team will be integrated into Accenture Song, Accenture’s tech-powered creative group, to offer … Read the full press release

Diversity Boost: Tamara Weinert’s Nomination for BASF Supervisory Board

(IN BRIEF) BASF SE’s Supervisory Board has nominated Tamara Weinert (58), currently President and CEO of Business Area Americas at Outokumpu in the United States, as a shareholder representative on the Supervisory Board. The election is scheduled for the Annual … Read the full press release

Adapting to New Priorities: BASF SE’s Executive Board Realignment

(IN BRIEF) BASF SE, a global chemicals and materials company, has announced strategic changes in the responsibilities of its Board of Executive Directors. Dr. Stephan Kothrade will take on additional roles as Chief Technology Officer and oversee Group Research, effective … Read the full press release

BASF Unveils New Leadership Team as Dr. Martin Brudermüller Steps Down

(IN BRIEF) BASF SE, a global chemicals and materials company, has unveiled a succession plan for its Board of Executive Directors. Dr. Markus Kamieth will become Chairman of the Board, succeeding Dr. Martin Brudermüller, effective April 25, 2024. Anup Kothari … Read the full press release

Equinor and Shell Approve Sparta Project to Boost Gulf of Mexico Production

(IN BRIEF) Equinor and Shell Offshore Inc. have jointly made the final investment decision for the Sparta deepwater development in the US Gulf of Mexico. Equinor holds a 49 percent stake in the project, which is expected to produce up … Read the full press release

Orange Business Fortifies Position as Digital Integrator with Expertime Deal

(IN BRIEF) Orange Business has acquired Expertime, a Microsoft technology solutions specialist, to bolster its digital services and strengthen its position as a leading network and digital services integrator in Europe. Expertime’s expertise in Microsoft technologies, especially in public cloud, … Read the full press release