Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Ahlstrom-Munksjö now a majority owner of Minglian New Materials Technology, a Chinese decor paper producer

(PRESS RELEASE) HELSINKI, 14-Jan-2022 — /EuropaWire/ — Ahlstrom-Munksjö (HEL: AM1), a global leader in fiber-based materials, has announced the completion of acquisition of a 60 percent stake in Minglian New Materials Technology Co., Ltd., a Chinese decor paper producer. As … Read the full press release

Alfa Laval no longer a shareholder in Neles Oyj, flow control solutions provider for process industries

(PRESS RELEASE) LUND, 14-Jan-2022 — /EuropaWire/ — Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has announced the divestment of its remaining holdings in Neles Oyj (HEL: NELES), a Finnish flow control solutions provider for … Read the full press release

Lloyds Bank Business study: only 12 percent of small businesses across UK made the move to go digital due to the pandemic

Just 10% of small businesses launched a virtual shop window as a direct result of the pandemic  Nearly half of small businesses are yet to make the move to online 65% see lack of digital skills as main barrier to … Read the full press release

Aviva CFO Jason Windsor to leave the company

(PRESS RELEASE) LONDON, 13-Jan-2022 — /EuropaWire/ — Aviva plc (LON: AV), a British multinational insurance company, has announced the resignation of its CFO and director Jason Windsor. Jason will step down as of July 2022 to become CFO at Persimmon … Read the full press release

Eni buys Solar Konzept Greece, owner of a photovoltaic plants’ development platform in Greece

(PRESS RELEASE) SAN DONATO MILANESE, 13-Jan-2022 — /EuropaWire/ — Eni (BIT: ENI), an Italian multinational energy company with focus on innovation, efficiency and accessibility for all, has announced the acquisition of the owner of a photovoltaic plants’ development platform in … Read the full press release

BASF, China BlueChemical and Wuhuan Engineering partner over low-carbon development and utilization of marine gas resources

BASF to develop and supply innovative catalyst solutions that enable CO2 direct utilization via reforming and synthesis gas to chemicals Reduction of carbon footprint via improved process efficiency and carbon efficiency is the core of the partnership Focus is on utilization … Read the full press release

Icade issues 8-year benchmark-size green bond to finance or refinance green assets and projects

(PRESS RELEASE) PARIS, 12-Jan-2022 — /EuropaWire/ — Icade (EPA: ICAD), a multinational integrated real estate player with a portfolio worth €14.8 billion and part of Caisse des dépôts et consignations, has announced the issuance of a 8-year benchmark-size green bond. … Read the full press release

France’s largest independent manufacturer of specialty building solutions PRB Group joins Holcim

Biggest independent specialty building solutions company in France with Net Sales of EUR 340m Highly regarded brand with leadership in innovation and sustainability Double-digit annual growth rates driven by advanced energy-efficient and renovation solutions Accelerates Holcim’s growth in Solutions & … Read the full press release

Digi Communications N.V. Announces the publishing of the Financial Calendar for 2022

(PRESS RELEASE) BUCHAREST, Romania, 11-Jan-2022 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”) would like to inform its investors and the market that the Financial Calendar for 2022 is available on the official website at: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar. About Digi … Read the full press release

WACKER Group and biotech startup Biosyntia partner over the development of a large-scale production process for fermentation-based biotin, also known as vitamin B7

Joint press release by WACKER and Biosyntia (PRESS RELEASE) MUNICH/ COPENHAGEN, 11-Jan-2022 — /EuropaWire/ — WACKER Group (ETR: WCH), a German multinational chemical company, has announced it will partner with Biosyntia, a biotech startup within synthetic biology and metabolic engineering … Read the full press release

adidas to buy back shares for EUR 1 billion in 1Q2022 as part of its multi-year share buyback program

(PRESS RELEASE) HERZOGENAURACH, Germany, 10-Jan-2022 — /EuropaWire/ — Adidas AG, a German multinational sportswear and workout clothes manufacturer, has announced the beginning of the first tranche of its multi-year share buyback program, as announced in December 2021, under which the … Read the full press release

Manufacturing giant Haizol expands their offices in China

(PRESS RELEASE) LONDON, 9-Jan-2022 — /EuropaWire/ — Headquartered in Shanghai, China, Haizol are growing from strength to strength in the manufacturing industry. From inception in 2015, they have opened offices throughout China year on year. Haizol now have a presence … Read the full press release

EQT Private Equity sells its holdings in Dairy Queen and Papa John’s franchise operator in China

(PRESS RELEASE) STOCKHOLM, 7-Jan-2022 — /EuropaWire/ — EQT, a purpose-driven global investment organization, has announced that EQT Mid Market fund has divested its holdings in CFB Group, a Chinese multi-brand food and beverage platform operator, to Fountainvest Partners, a Hong … Read the full press release

Symrise to buy a leading player in the manufacturing of sustainable egg proteins for the pet food industry

Acquisition ideally complements Symrise’s current pet food capabilities Schaffelaarbos, a leading manufacturer of sustainable egg proteins Ambition to become leading player in egg valorization, providing sustainable proteins to the pet food industry with a contribution to a positive circular food … Read the full press release

Allianz Life completes the reinsurance agreement with Sixth Street affiliates and Resolution Life

Agreement with Resolution Life and affiliates of Sixth Street was announced on December 3 Transaction unlocks $4.1 bn in value and frees up regulatory capital for Allianz (PRESS RELEASE) MUNICH, 7-Jan-2022 — /EuropaWire/ — Allianz Group, one of the world’s … Read the full press release

Societe Generale: ALD to acquire LeasePlan from TDR Capital led consortium for EUR 4.9 billion

(PRESS RELEASE) PARIS, 6-Jan-2022 — /EuropaWire/ — Société Générale (EPA: GLE), a European leader in financial services with over 150 years of history, has announced it signed two Memorandums of Understanding (MoU) for the acquisition of 100% of LeasePlan by … Read the full press release

Kuehne+Nagel now present in 18 African countries; opens new control tower in Durban

Full-service logistics provider to Africa Expansion reflects Africa’s growing importance in world trade Regional control tower serves as a single point of contact to an integrated network across the continent (PRESS RELEASE) DUBAI, UAE, 5-Jan-2022 — /EuropaWire/ — Kuehne+Nagel (SWX: … Read the full press release

Rolls-Royce closes the divestment of Bergen Engines to Langley Holdings plc for EUR 63 million

(PRESS RELEASE) LONDON, 4-Jan-2022 — /EuropaWire/ — Rolls-Royce (LSE:RR., ADR:RYCEY), the pre-eminent engineering company with focus on world-class power and propulsion systems, has announced the completion of the divestment of Bergen Engines, a diesel and gas engine manufacturer based in … Read the full press release

Orange to support Move Capital I fund in its goal of helping digital B2B startups emerge and ensure European technological sovereignty

(PRESS RELEASE) PARIS, 4-Jan-2022 — /EuropaWire/ — Orange S.A. (EPA: ORA), a French multinational telecommunications group, has announced that its holding company Orange Digital Investment will invest in the Move Capital I fund. The fund, a Kepler Cheuvreux Invest “Tech … Read the full press release

Allianz Real Estate forms a new joint venture with VGP, a pan-European player in the high-quality logistics and semi-industrial real estate space

(PRESS RELEASE) PARIS/ MUNICH/ ANTWERPEN, 4-Jan-2022 — /EuropaWire/ — Allianz Group, one of the leading integrated financial services providers worldwide, has announced that Allianz Real Estate, while acting on behalf of several Allianz group companies, has formed a new 50/50 … Read the full press release

Holcim expands in the Pacific Northwest region of the U.S. with the acquisition of Cowden, a leader in ready-mix concrete and aggregates

(PRESS RELEASE) ZUG, 4-Jan-2022 — /EuropaWire/ — Holcim (SWX: HOLN), one of the world’s leading suppliers of cement and aggregates, concrete and related services, has announced it acquired the leader in ready-mix concrete and aggregates across the Pacific Northwest region … Read the full press release

SCHOCK, a Triton Fund V portfolio company, to acquire Polish manufacturer of bathroom and kitchen products Marmorin

(PRESS RELEASE) REGEN, Germany/ WSHOWA, Poland, 4-Jan-2022 — /EuropaWire/ — Triton Partners, a private equity investment firm with focus on medium-sized businesses across Europe, has announced that its Triton Fund V portfolio company, SCHOCK, an innovative manufacturer of quartz composite … Read the full press release

CNH Industrial begins trading on NYSE and Borsa Italiana’s Euronext Milan with stock ticker symbol CNHI

(PRESS RELEASE) LONDON, 3-Jan-2022 — /EuropaWire/ — CNH Industrial (NYSE: CNHI / MI: CNHI), a world-class equipment and services company that sustainably advances the noble work of agriculture and construction workers, has announced that the company has begun officially trading … Read the full press release

EQT VIII and Santo Holdings to acquire the stakes of EQT VI and its co-investors in Danish WS Audiology

EQT VIII and Santo Holdings to acquire EQT VI and its co-investors’ stakes in WS Audiology, the number one global pure play producer of hearing aids WS Audiology is supported by strong, underlying macro trends, such as a growing aging … Read the full press release

Zurich Insurance Group improves its capital utilization across its life back book with the sale of Italian life and pensions back book to Portuguese insurance company GamaLife

Transaction to release approximately USD 1.2 billion of capital and add 11 percentage points to the Group’s Swiss Solvency Test ratio1 Significant reduction in the Group’s exposure to credit risk Zurich will focus on protection and unit-linked solutions in the … Read the full press release

Hydro brings down the capacity of the primary aluminium production at the Slovalco plant in Slovakia due to high electricity prices

The Board of Directors at Hydro’s majority-owned Slovalco primary aluminium plant in Slovakia has decided a further curtailment of primary aluminium production at the plant. (PRESS RELEASE) OSLO, 30-Dec-2021 — /EuropaWire/ — Hydro (OTCMKTS: NHYDY), a Norwegian aluminium and renewable … Read the full press release

EBRD to loan EUR 20 million to Bulgarian copper producer Sofia Med AD

EBRD €20 million loan to Sofia Med Funds to boost the capacity expansion investment Sofia Med to develop and implement a low-carbon strategy (PRESS RELEASE) LONDON, 27-Dec-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral … Read the full press release

EBRD to provide EUR 75 million guarantee to Raiffeisen Bank in Ukraine aimed at supporting micro, small and medium-sized enterprises

EBRD to provide €75 million guarantee to Raiffeisen Bank in Ukraine Innovative mechanism unlocks funding for MSMEs Thirty per cent of the project to finance green technologies (PRESS RELEASE) LONDON, 23-Dec-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development … Read the full press release

Holcim positions itself as a full roofing provider with the purchase of US residential roofing market leader Malarkey Roofing Products

Malarkey is a proven growth engine in the highly profitable and growing US residential roofing market Highly regarded brand with leadership in innovation and sustainability in Holcim’s biggest market Complementary acquisition in roofing systems to achieve USD 4 billion Net … Read the full press release

SUEZ closes the sale of two landfills and five transfer stations in Sydney to Cleanaway Waste Management Limited

(PRESS RELEASE) PARIS, 20-Dec-2021 — /EuropaWire/ — SUEZ Group, a French multinational company with over 160 years of expertise in water and waste management, has announced the completion of the divestment of two landfills and five transfer stations, collectively post … Read the full press release