Daily Archives: 27, May 2024

Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company

(IN BRIEF) Digi Communications N.V., a prominent European telecommunications company listed on the Bucharest Stock Exchange, has announced a significant preliminary agreement by its Romanian subsidiary, Digi Romania (formerly RCS & RDS S.A.). On May 27, 2024, Digi Romania signed … Read the full press release

EIF Commits EUR 30m to 123 Transition Energétique 2 Fund for Renewable Energy SMEs

(IN BRIEF) The European Investment Fund (EIF), under the InvestEU program, pledges EUR 30 million as a cornerstone investor to the 123 Transition Energétique 2 fund, managed by 123 Investment Managers and advised by Lendosphere. This fund aims to address … Read the full press release

Infineon Expands SiC MOSFETs for AI Servers Amid Rising Power Demands

(IN BRIEF) Infineon Technologies AG unveils its new CoolSiC™ MOSFET 400 V family, an extension of SiC MOSFETs to voltages below 650 V, catering to the escalating power requirements of Artificial Intelligence (AI) processors in server power supplies (PSUs). With … Read the full press release

Heidelberg Materials Introduces Green Finance Framework for Sustainable Investments

(IN BRIEF) Heidelberg Materials unveils a Green Finance Framework aimed at supporting the ongoing transformation and decarbonisation of the building materials sector. Aligned with leading market practices and standards, the framework facilitates the issuance of Green Bonds to finance sustainable … Read the full press release

Roche Announces Retirement of Head of Pharma Partnering and Successor Appointment

(IN BRIEF) Roche (SIX: RO, ROG; OTCQX: RHHBY) reveals the retirement of James Sabry, the Head of Roche Pharma Partnering, after fourteen years of service. Effective 1 July 2024, Boris Zaïtra, currently Head of Group Business Development, will take on … Read the full press release

Safran Passenger Innovations Unveils Immersive XR Experience for In-Flight Entertainment

(IN BRIEF) Safran Passenger Innovations introduces a groundbreaking enhancement to its RAVE In-Flight Entertainment (IFE) system, now supporting Extended Reality (XR) including Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) devices. Passengers across all cabin classes can now … Read the full press release

EQT MMG Fund Surpasses Target, Closing at USD 1.6 Billion

(IN BRIEF) EQT celebrates the successful final close of the BPEA EQT Mid-Market Growth Partnership (MMG Fund) at USD 1.6 billion, exceeding its original target of USD 750 million. This achievement underscores the growing interest in Asia’s mid-market segment and … Read the full press release

Swissport Makes Strides Towards Sustainability Goals with Electric Vehicle Rollout at Basel and Geneva Airports

(IN BRIEF) Swissport, a prominent airport ground service provider, is advancing its sustainability agenda with the introduction of new electric vehicles (EVs) at Basel and Geneva airports. Aligned with the Science-Based Targets initiative, Swissport aims to achieve short-term CO2 reduction … Read the full press release

European Parliament Approves Landmark Pharmaceutical Legislation Reform, Calls for Further Enhancements

(IN BRIEF) The European Parliament has achieved a significant milestone by approving the first reading of extensive reforms to EU pharmaceutical legislation aimed at fostering innovation and ensuring equitable access to medicines. While commending the progress, the European Society of … Read the full press release

Valokuitunen: Transforming Finland’s Fiber Landscape with CapMan Infra and Telia Company

(IN BRIEF) CapMan Infra and Telia Company’s joint venture, Valokuitunen Oy, has emerged as the leading fibre-to-the-home (FTTH) provider in Finland, witnessing exponential growth from 20,000 to over 300,000 households within a few years. The company’s success is attributed to … Read the full press release

Swiss Re Forecasts Surge in Life Insurance Profits as Interest Rates Rise

(IN BRIEF) Swiss Re Institute predicts a significant upswing in profitability for the life insurance industry as global interest rates climb, with an estimated additional USD 1.5 trillion in global life savings premiums projected over the next decade. Higher interest … Read the full press release

Eviden and Athumi Revolutionize Data Monetization with Groundbreaking Clearing House Solution

(IN BRIEF) Eviden, a digital, cloud, big data, and security leader within the Atos Group, partners with Athumi, a data utility company, to integrate Eviden’s innovative ‘clearing house as-a-service’ solution. This groundbreaking implementation facilitates trust management, authorization, contract management, and … Read the full press release

DNV Assists SN Aboitiz Power Group in Pioneering Battery Energy Storage System at Magat Hydroelectric Plant

(IN BRIEF) DNV, a renowned energy expert and assurance provider, has collaborated with SN Aboitiz Power Group (SNAP) in the development of a groundbreaking Battery Energy Storage System (BESS) co-located with the Magat Hydroelectric Power Plant in the Philippines. The … Read the full press release

Moody’s Elevates TAG Immobilien AG to Investment Grade Amid Strong Performance

(IN BRIEF) Moody’s, the international rating agency, has upgraded TAG Immobilien AG’s long-term credit rating to ‘investment grade, Baa3, outlook stable,’ citing the company’s robust operational performance and disciplined financial strategy amidst challenging market conditions driven by escalating interest rates. … Read the full press release

TotalEnergies Greenlights Expansion in Brazil with Atapu and Sépia Fields Development Phases

(IN BRIEF) TotalEnergies, in collaboration with Petrobras and partners in the Atapu and Sépia consortiums, has approved the Final Investment Decision (FID) for the second development phases of the Atapu and Sépia fields situated in the pre-salt Santos Basin, offshore … Read the full press release

RWE Initiates Nordseecluster: Pioneering Offshore Wind Project to Catalyze Green Energy Transition

(IN BRIEF) In a significant move towards bolstering Germany’s energy transition and contributing to global decarbonization efforts, RWE has announced the commencement of its Nordseecluster project. This groundbreaking initiative entails the construction of offshore wind farms with a cumulative capacity … Read the full press release