Daily Archives: 29, April 2024

Eurex Bolsters European Green Bond Market with New GC Pooling Green Bond Basket

(IN BRIEF) Eurex, on April 29, 2024, introduced a new Green Bond Basket within its GC Pooling segment, aimed at enhancing liquidity and efficiency in the European repo market for green bonds. This addition expands upon the existing three Green … Read the full press release

NMB Bank’s Sustainability Bond Listed on Luxembourg Stock Exchange’s Leading Platform

(IN BRIEF) Last Friday, NMB Bank Plc celebrated the listing of its dual-currency sustainability bond, named the NMB Jamii bond, on the Luxembourg Stock Exchange (LuxSE). The bond, showcased on the Luxembourg Green Exchange (LGX), raised approximately USD 157 million … Read the full press release

CapMan Nordic Infrastructure II Fund Surpasses €375 Million in Final Close, Doubling Predecessor’s Size

(IN BRIEF) CapMan Nordic Infrastructure II fund has reached its final closing at over €375 million, marking a significant milestone in its journey since its establishment in 2022. Managed by a team of 13 professionals based in Helsinki and Stockholm, … Read the full press release

Positive Results from DESTINY-Breast06 Trial: Enhertu Shows Promise in HER2-Low and HER2-Ultralow Breast Cancer Patients

(IN BRIEF) AstraZeneca and Daiichi Sankyo’s Enhertu, a HER2-directed antibody drug conjugate (ADC), has demonstrated significant progress in treating HER2-low and HER2-ultralow metastatic breast cancer following one or more lines of endocrine therapy. The high-level results from the DESTINY-Breast06 Phase … Read the full press release

AstraZeneca’s Truqap Receives EU Recommendation for ER-Positive Breast Cancer Treatment

(IN BRIEF) AstraZeneca’s Truqap, in combination with Faslodex, has received a positive recommendation from the European Medicines Agency (EMA) for treating estrogen receptor-positive, HER2‑negative locally advanced or metastatic breast cancer with specific genetic alterations. The recommendation follows promising results from … Read the full press release

Ørsted Streamlines European Onshore Renewables Focus with ENGIE Deal

(IN BRIEF) Ørsted, a global leader in renewable energy, is divesting its French onshore operations to ENGIE as part of its strategic realignment towards key European markets for onshore renewables. The share purchase agreement includes the sale of OSTWIND International … Read the full press release

EBRD Partners with Bunge Gıda to Empower Women Farmers in Turkey’s Olive Sector

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending an additional loan of US$25 million in Turkish lira to Bunge Gıda to support their working capital needs while expanding training opportunities for women olive farmers in Turkey. … Read the full press release

EBRD Backs $43.2 Million Investment for Sustainable Healthcare in Mongolia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Mongolia’s healthcare sector with a $43.2 million sovereign loan and a €5 million capital grant to the Government of Mongolia for the construction of a modern 250-bed hospital … Read the full press release

EBRD Invests in Polish Cosmetics Giant Bielenda, Facilitating Strategic Acquisitions

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has acquired an indirect minority stake in the renowned Polish cosmetics brand Bielenda through a €33.9 million investment in its holding company, Innova Central Holding SCA, alongside private equity fund … Read the full press release

Infineon and ETAS Collaborate to Enhance Automotive Cybersecurity with Next-Generation Solution Bundle

(IN BRIEF) Infineon Technologies AG, in partnership with ETAS, introduces an advanced solution bundle integrating the ESCRYPT CycurHSM 3.x Automotive Security Software Stack into the AURIX™ TC4X Cybersecurity Real-time Module (CSRM). This collaboration aims to meet the escalating demand for … Read the full press release

Gasum Group Reports Strong Volume Growth and Improved Financial Performance in Q1 2024

(IN BRIEF) Gasum Group’s financial review for the first quarter of 2024 reflects significant volume growth, particularly in the maritime and traffic segments, with sales volumes increasing by 73 percent compared to the same period in 2023. Despite a decrease … Read the full press release

Stora Enso’s Skutskär Site Initiates Pilot Project for Biogenic CO2 Capture, Pioneering Climate-Positive Operations

(IN BRIEF) Stora Enso’s Skutskär biomaterials production site in Sweden, known for its sustainable practices, has embarked on a groundbreaking pilot project aimed at capturing biogenic CO2 emissions from pulp production, marking a significant step towards climate-positive operations. With a … Read the full press release

Husqvarna Group Achieves 51% Reduction in CO2 Emissions, Exceeding Targets Amid Sales Surge

(IN BRIEF) Husqvarna Group, a leading provider of outdoor power products, has achieved a remarkable milestone by halving its absolute CO2 emissions compared to the 2015 baseline year, surpassing its sustainability targets. Despite a significant increase in sales by 47%, … Read the full press release

Philips Reports Q1 2024 Results: Steady Growth Despite Challenges

(IN BRIEF) Royal Philips has released its Q1 2024 results, showcasing a mixed performance marked by steady sales growth, significant litigation settlements, and ongoing operational challenges. Despite a 2.4% increase in group sales, comparable order intake saw a decline of … Read the full press release

SSAB and Nordec Forge Partnership for Fossil-Free Steel Supply Chain Efficiency

(IN BRIEF) SSAB and Nordec have entered into a crucial agreement aimed at streamlining the supply chain for fossil-free steel, a significant step towards achieving SSAB’s goal of delivering fossil-free steel to the market by 2026. The collaboration entails SSAB … Read the full press release

Prof Angela Schoellig Utilizes ChatGPT to Choreograph Drone Swarms Safely

(IN BRIEF) Professor Angela Schoellig from the Technical University of Munich (TUM) has harnessed the power of ChatGPT to develop choreographies for swarms of drones synchronized to music, while implementing an additional safety filter to prevent mid-air collisions. This innovative … Read the full press release

Wood Appoints Jennifer Richmond as Chief Strategy Officer to Drive Growth and Innovation

(IN BRIEF) Wood, a prominent consulting and engineering firm, has named Jennifer Richmond as its Chief Strategy Officer (CSO) to spearhead strategic growth initiatives. Richmond, who previously served as Executive President of Strategy and Development at Wood, brings a wealth … Read the full press release

Airbus Unveils Pléiades Neo Next Program to Enhance Earth Observation Constellation

(IN BRIEF) Airbus has announced the launch of the Pléiades Neo Next program, aimed at expanding its high-resolution Earth observation constellation. This initiative will introduce new satellite assets and capabilities, including improved native resolution, to augment the existing Pléiades Neo … Read the full press release

DeLaval Chooses SAP S/4HANA Cloud for Global ERP Transformation

(IN BRIEF) DeLaval, a Swedish-based dairy and farming machinery producer under the Tetra Laval Group, has opted for SAP S/4HANA Cloud to revolutionize its ERP system as part of a comprehensive company-wide overhaul. By embracing cloud technology, DeLaval aims to … Read the full press release

BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility

(IN BRIEF) BevZero, a global leader in beverage innovation, takes a significant step towards sustainability with the installation of 100 solar panels, generating 50 kW of peak power, on the rooftop of its Spain facility. This initiative, representing an annual … Read the full press release