Daily Archives: 2, July 2024

SIX and Avaloq Collaborate to Launch Independent Valuation Service for Financial Instruments

(IN BRIEF) SIX and Avaloq have jointly launched the Independent Valuation Service for financial instruments, addressing the global need for impartial end-of-day valuations. This service, accessible via the CONNEXOR API, supports asset managers, custodians, and financial institutions in client reporting, … Read the full press release

Lindner Group Showcases Innovative Fire Protection Solutions at FeuerTrutz 2024

(IN BRIEF) The Lindner Group showcased a range of innovative fire protection solutions at this year’s FeuerTrutz exhibition held at the Nuremberg exhibition center from June 26th to 27th. Drawing an international audience of approximately 6,300 visitors from 44 countries, … Read the full press release

Thales Boosts Rocket Production at Belgian Site to Strengthen European Defense

(IN BRIEF) Thales Belgium has inaugurated a new assembly line at its Herstal facility, marking a significant expansion in the production of 70-mm laser-guided rockets. Supported by a €20 million investment and government backing, including from the Walloon Region and … Read the full press release

CNP Seguradora Secures Exclusive 20-Year Distribution Deal with Banco de Brasília

(IN BRIEF) CNP Seguradora, a subsidiary of CNP Assurances in Brazil, has signed a significant 20-year agreement with Banco de Brasília (BRB) for the exclusive distribution of consortium and capitalization products. This partnership aims to bolster CNP Assurances’ expansion strategy … Read the full press release

Sainsbury’s Pioneers AI Veterinary Technology to Enhance Dairy Cow Welfare

(IN BRIEF) Sainsbury’s has introduced advanced AI veterinary technology in partnership with Vet Vision AI to enhance dairy cow welfare on its farms. This innovative system uses cameras to monitor cow behavior continuously, providing real-time insights that help identify early … Read the full press release

Ingka Investments Partners with Extell on Landmark Fifth Avenue Development

(IN BRIEF) Ingka Investments, the investment arm of Ingka Group, has announced a significant partnership with Extell Development Company to invest in 570 Fifth Avenue, a new mixed-use office and retail tower in New York City. This strategic move marks … Read the full press release

Carrefour Completes Acquisition of Cora and Match Banners from Louis Delhaize Group

(IN BRIEF) Carrefour has finalized the acquisition of the Cora and Match banners from the Louis Delhaize group for €1.05 billion, enhancing its foothold in the French food distribution market. The acquisition includes 60 Cora hypermarkets and 115 Match supermarkets, … Read the full press release

Stella International Implements CCH Tagetik CPM Platform for Financial Transformation

(IN BRIEF) Stella International Holdings Limited has partnered with Wolters Kluwer to implement the CCH Tagetik Corporate Performance Management (CPM) software, aiming to digitally transform its finance operations. This strategic move replaces manual financial processes with automated budgeting, forecasting, and … Read the full press release

SWU Verkehr Introduces State-of-the-Art Mercedes-Benz eCitaro G Buses for Ulm and Neu-Ulm

(IN BRIEF) SWU Verkehr, serving Ulm and Neu-Ulm, has introduced the first two out of 14 Mercedes-Benz eCitaro G buses, marking a significant step towards sustainable urban mobility. These electric articulated buses, equipped with advanced NMC3 batteries for enhanced energy … Read the full press release

CompuGroup Medical (CGM) Achieves C5 Attestation for Cloud Services in Germany

(IN BRIEF) CompuGroup Medical (CGM) has achieved C5 attestation (Type 1) for its cloud services in Germany, complying with the rigorous standards set by the German Federal Office for Information Security (BSI). Effective from May 31, 2024, an independent auditing … Read the full press release

French Government Greenlights Neste’s Renewable Diesel for Public Fuel Stations

(IN BRIEF) Neste celebrates a pivotal regulatory milestone as the French government approves the sale of 100% renewable transport fuels, including Neste’s renewable diesel, at all public fuel stations across France. This decision expands access beyond logistics companies to private … Read the full press release

MWB AG Rings in New Era with Vienna Stock Exchange Listing

(IN BRIEF) MWB AG, a German company specializing in luxury watch trading across the DACH region, celebrated a significant achievement today as it commenced trading on the Vienna Stock Exchange’s direct market plus segment. With NuWays AG acting as underwriter … Read the full press release

Scatec ASA and Partners Forge Renewable Ammonia Pact with Yara Clean Ammonia for Egypt

(IN BRIEF) Scatec ASA, in collaboration with ECHEM and MOPCO, has finalized a Heads of Terms agreement with Yara Clean Ammonia to secure the offtake of renewable ammonia produced in Egypt. The project involves developing up to 480 MW of … Read the full press release

DNV to Utilize Advanced Lidar Technology at Bay of St. Brieuc Offshore Wind Farm

(IN BRIEF) DNV has been chosen by the Iberdrola Group to conduct power curve verification using advanced nacelle lidar technology at the Bay of St. Brieuc offshore wind farm in Brittany. This project, featuring 62 turbines with a capacity of … Read the full press release

Yann d’Hervé Takes Helm of Evonik’s Health Care Business

(IN BRIEF) Yann d’Hervé has been appointed to lead Evonik’s Health Care business line starting July 1st, transitioning from his previous role as Head of Care Solutions within the Nutrition & Care division. With extensive experience spanning various global leadership … Read the full press release

EIB Commits $350 Million to Boost Private Sector Growth in North Africa

(IN BRIEF) The European Investment Bank (EIB) has pledged support for a new $350 million regional private sector investment fund managed by SPE Capital, focusing on Egypt, Tunisia, and Morocco. Aimed at fostering growth in key sectors like healthcare and … Read the full press release

EIB Funds voestalpine’s Green Steel Initiative with €300 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has allocated a €300 million loan to voestalpine AG, Europe’s third-largest steelmaker, to support a four-year research and development initiative aimed at enhancing sustainability and reducing carbon emissions. Key focuses include optimizing manufacturing … Read the full press release

EIB and Banca Etica Partner to Drive €165 Million Investments in Italy’s Social Economy

(IN BRIEF) The European Investment Bank (EIB) and Banca Etica have signed a €60 million agreement to stimulate €165 million in investments across Italy. The initiative aims to support women-led SMEs, improve services for refugees, and boost economic development in … Read the full press release

EBRD Names Andreea Moraru New Regional Director for Poland and Baltic States

(IN BRIEF) Andreea Moraru has been appointed as the new Regional Director for Poland and the Baltic States at the EBRD, starting September 1st. Currently serving as Regional Director for Greece and Cyprus, Moraru brings extensive experience from her tenure … Read the full press release

EBRD Report: CESEE Non-Performing Loans Stable Amid Economic Uncertainty

(IN BRIEF) The latest NPL Monitor report by the EBRD reveals that non-performing loans (NPLs) in the CESEE region remained stable despite economic uncertainties. While NPL volumes increased marginally, the overall NPL ratio held steady at 2.1%, indicating resilience in … Read the full press release