Daily Archives: 3, August 2026

ArcelorMittal Selects Microsoft Azure as Core Platform for Data-Centric Industrial Digital Strategy

(IN BRIEF) ArcelorMittal has expanded its collaboration with Microsoft to accelerate its transformation into a data-driven and AI-enabled organisation. The collaboration supports ArcelorMittal’s “Cloud First, Data Centric” strategy, with Microsoft Azure becoming the company’s primary cloud computing platform. ArcelorMittal will … Read the full press release

Bank of England Appoints Nicholas Segal as Chair and Peter King as Deputy Chair of Enforcement Decision Making Committee

(IN BRIEF) The Bank of England has appointed Nicholas Segal as Chair of its Enforcement Decision Making Committee and Peter King as Deputy Chair, effective 1 August 2026. The EDMC is responsible for decision-making in contested enforcement cases across statutory … Read the full press release

Elementis Group Pension Scheme Completes £300 Million Bulk Purchase Annuity Deal With Aviva

(IN BRIEF) Aviva has completed a £300 million bulk purchase annuity buy-in with the Trustee of the Elementis Group Pension Scheme, securing the defined benefit liabilities of around 4,500 members. The transaction was completed in May 2026 and includes access … Read the full press release

Shell to Divest European Onshore Renewables Assets as Part of Power Portfolio Strategy

(IN BRIEF) Shell has signed a Sale and Purchase Agreement with TotalEnergies to sell its European onshore renewables portfolio. The portfolio includes development-stage and operational assets across Italy, the Netherlands, Spain and the United Kingdom. Shell said the transaction supports … Read the full press release

Puglia Receives EIB Support for Cohesion, Green Transition and Social Infrastructure

(IN BRIEF) The European Investment Bank has approved a €150 million financing package for the Region of Puglia, with the first €50 million tranche signed on 3 August 2026. The financing will support an investment programme worth around €2.34 billion, … Read the full press release

bp Strengthens Capital Discipline With Completed Sale of German Refinery Assets

(IN BRIEF) bp has completed the sale of the Gelsenkirchen refinery and related businesses to Klesch Group. The transaction supports bp’s focus on disciplined capital allocation, portfolio simplification and balance sheet strengthening. It is also expected to reduce underlying operating … Read the full press release

Germany Fund Gains Momentum With New KfW Loans for Energy Infrastructure Investment

(IN BRIEF) KfW has launched two new credit instruments under the Germany Fund to support investment in energy infrastructure: the Energy Supply Investment Loan and the KfW Energy Supply Syndicated Loan. The programmes are aimed at municipal and commercial energy … Read the full press release

KfW IPEX-Bank Provides EUR 100 Million Financing to Rheinbahn for Düsseldorf Public Transport Investments

(IN BRIEF) KfW IPEX-Bank is providing Rheinbahn AG with a EUR 100 million loan to finance investments in public transport infrastructure in Düsseldorf. The financing is intended to support the further development of the city’s public transport system, which plays … Read the full press release

HSBC Group Expects US$0.3 Billion Pre-Tax Gain From Egypt Retail Banking Sale

(IN BRIEF) HSBC has agreed to sell the retail banking business of HSBC Bank Egypt S.A.E. to Emirates NBD Egypt S.A.E., a subsidiary of Emirates NBD Bank PJSC. The transaction includes HSBC Egypt’s retail loans, deposits, accounts and employees supporting … Read the full press release

NAME & MAWI Partners to Acquire Klöckner DESMA Elastomertechnik From Salzgitter AG

(IN BRIEF) Salzgitter AG has sold Klöckner DESMA Elastomertechnik GmbH to the German-French industrial group NAME & MAWI Partners S.A.S., known as NMP. The transaction is part of Salzgitter Group’s active portfolio management and supports the implementation of the “Salzgitter … Read the full press release

Fresenius Kabi Expands Oncology and Immunology Offering Through FDA-Approved Rituximab Biosimilar

(IN BRIEF) Fresenius Kabi, an operating company of Fresenius, has announced that the U.S. FDA has approved a rituximab biosimilar developed by Dr. Reddy’s Laboratories for the U.S. market. Under an exclusive commercialisation agreement, Fresenius Kabi holds the U.S. commercialisation … Read the full press release

Brenntag Expands South Korean Beauty Ingredients Presence With Woojin Trading Acquisition

(IN BRIEF) Brenntag has signed an agreement to acquire Woojin Trading Co., Ltd, a South Korean specialty distributor of beauty and personal care ingredients. Woojin Trading is based in Anyang, South Korea, and distributes raw materials and specialty ingredients for … Read the full press release

Commerzbank Offers Permanent Career Prospects to High-Performing Apprentices and Dual Students

(IN BRIEF) Commerzbank has welcomed around 320 apprentices and dual students across Germany, with the new intake beginning on 1 August 2026. The bank received around 12,000 applications for this year’s intake, a new record high, which it said demonstrates … Read the full press release

Bechtle UK Creates Customer Showcase for Modern Workplace and Technology Solutions

(IN BRIEF) Bechtle UK has moved into new office premises at Angel Square in London’s Islington district, expanding its presence in the capital. The new office provides 11,606 square feet of flexible workspace and has been designed with integrated technologies … Read the full press release

ASSA ABLOY Adds Speed Gates, Transit Gates and Security Revolving Doors Through Gunnebo Deal

(IN BRIEF) ASSA ABLOY has signed an agreement to acquire Gunnebo Entrance Control, an international provider of entrance control solutions including speed gates, mass transit gates and security revolving doors. The acquisition supports ASSA ABLOY’s strategy to strengthen its position … Read the full press release

Rheinmetall Presents 140-Metre Guided Missile Frigate for NATO and Allied Fleet Modernisation

(IN BRIEF) Rheinmetall has unveiled the GMF 140, a next-generation 140-metre, 6,000-plus-tonne guided missile frigate developed for NATO and allied navies. The frigate is designed for multi-mission operations, including anti-air warfare, ballistic missile defence, anti-submarine warfare and long-range strike. It … Read the full press release

Gunnebo Entrance Control to Join ASSA ABLOY’s Global Access Solutions Platform

(IN BRIEF) Gunnebo Group, owned by Altor and Stena, has agreed to divest Gunnebo Entrance Control to ASSA ABLOY, the global leader in access solutions. The transaction follows Gunnebo Group’s strategic transformation, including the earlier divestment of Gunnebo Cash Management … Read the full press release

NLB Confirms Addiko Bank Offer Will Not Proceed After 31.22% Share Acceptance

(IN BRIEF) NLB has announced that its voluntary public takeover offer for Addiko Bank AG did not receive enough shareholder acceptances to proceed. The all-cash offer was launched on 13 May 2026 and required acceptance declarations representing at least 50% … Read the full press release

BBVA Advances Toward €700 Billion Sustainable Business Target With Strong First-Half Growth

(IN BRIEF) BBVA channeled €82 billion into sustainable business in the first half of 2026, up 38% year-over-year. Of the total amount, €63 billion was linked to environmental activities, including climate change and natural capital, while €19 billion supported social … Read the full press release