Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Shell Completes Sale of Home Energy Businesses to Octopus Energy Group

(IN BRIEF) Shell Petroleum Company Limited, through its subsidiary Impello Limited, has successfully finalized the sale of its home energy businesses, Shell Energy Retail Limited (SERL) in the UK and Shell Energy Retail GmbH (SERG) in Germany, to Octopus Energy … Read the full press release

SDG Loan Fund Mobilizes Over $1.1 Billion to Advance United Nations Sustainable Development Goals in Emerging Markets

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) The SDG Loan Fund, managed by Allianz Global Investors and originated and managed by FMO Investment Management, has successfully mobilized over $1.1 billion in private capital to support the United Nations Sustainable Development Goals (SDGs) in emerging and … Read the full press release

Logicor’s Flagship Redevelopment of Logicor Park Daventry Achieves Construction Milestone

(IN BRIEF) Logicor, a prominent European logistics real estate owner, manager, and developer, has achieved a significant construction milestone in the redevelopment of its flagship UK scheme, Logicor Park Daventry. Acquired in 2021, the site is being transformed into three … Read the full press release

Bill Martyn-Smith of Logicor Honored with ‘Rising Star’ Award at Industrial Agents Society Awards

(IN BRIEF) Bill Martyn-Smith, the UK Asset Manager at Logicor, has been recognized with the prestigious “Rising Star” award at the annual Industrial Agents Society Awards in London. This accolade is highly regarded in the industry, acknowledging outstanding achievements and … Read the full press release

EBRD Extends $45 Million Financial Facility to Promote Green Lending and Trade in Uzbekistan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is supporting green lending and trade expansion in Uzbekistan by providing a financial facility of up to $45 million (€42.5 million) to Ipak Yuli Bank, a major private lender in … Read the full press release

Global Green Bond Initiative and African Development Bank Partner to Foster Green Bond Markets in Africa

(IN BRIEF) A coalition of development finance institutions and multilateral organizations forming the Global Green Bond Initiative (GGBI) has established a strategic partnership with the African Development Bank to collaborate on technical assistance aimed at promoting green bond markets in … Read the full press release

EU-Catalyst Partnership Announces €240 Million Investment in Groundbreaking Green Tech Projects

(IN BRIEF) At COP28 in Dubai, Commission President Ursula von der Leyen, Bill Gates, Founder of Breakthrough Energy, and European Investment Bank President Werner Hoyer revealed the first two European projects selected for support through the EU-Catalyst partnership: Ørsted’s FlagshipONE … Read the full press release

EIB and HBOR Agreement to Provide Half a Billion Euros to Croatian SMEs and Green Projects

(IN BRIEF) The European Investment Bank (EIB) and Hrvatska banka za obnovu i razvitak (HBOR) have signed an agreement to allocate €500 million to support Croatian small and medium-sized enterprises (SMEs), mid-cap companies, and public-sector entities. The initial tranche of … Read the full press release

EIB Launches EU4Business Guarantee Facility to Boost SME Financing in Eastern Partnership Countries

(IN BRIEF) The European Investment Bank (EIB) Group has introduced the EU4Business Guarantee Facility, in collaboration with the European Investment Fund, aimed at supporting small and medium-sized businesses (SMEs) in Eastern Partnership countries, including Armenia. This initiative provides partial portfolio … Read the full press release

TotalEnergies to Divest Minority Stake in South African Natref Refinery to Prax Group

(IN BRIEF) TotalEnergies has revealed its strategy to divest non-core assets by signing an agreement to sell its 36.36% minority stake in the National Petroleum Refiners of South Africa (Natref) to the Prax Group. The Natref refinery, situated in Sasolburg, … Read the full press release

RWE’s Kårehamn Offshore Wind Farm Celebrates 10 Years of Reliable Green Energy Generation

(IN BRIEF) RWE’s Swedish offshore wind farm, Kårehamn, located in the Baltic Sea near the Island of Öland, has marked a decade of successful operation since its commissioning in October 2013. This offshore wind facility consists of 16 turbines, each … Read the full press release

New Study Highlights Soaring Consumer Debt Levels in UK Households

(IN BRIEF) A recent survey conducted by the University of Bristol on behalf of the abrdn Financial Fairness Trust has revealed alarming levels of consumer debt in the majority of UK households. The study found that nearly two-thirds of households … Read the full press release

Rexel Appoints Roger Little as CEO of the USA and USA-Canada Cluster, Enhancing Leadership Team for Electrifying Solutions

(IN BRIEF) Rexel, a global leader in electrical distribution and solutions, has named Roger Little as the Chief Executive Officer (CEO) for the USA and the leader of the USA-Canada cluster, effective from December 18, 2023. Roger Little, who has … Read the full press release

Skanska Secures $106M Contract to Construct North Carolina State University’s State-of-the-Art Integrative Sciences Building

(IN BRIEF) Skanska, a leading construction company, has announced a new contract agreement with North Carolina State University for the construction of a cutting-edge integrative sciences building in Raleigh, North Carolina, USA. This project, valued at USD 106 million (approximately … Read the full press release

Sanofi’s CHC Launches Shared Care Collective with Global Experts to Advance Health and Sustainability Initiatives

(IN BRIEF) Sanofi’s Consumer Healthcare business unit (CHC) has introduced the Shared Care Collective, an advisory board consisting of experts from various fields, both internal and external, to bolster sustainability efforts within the CHC business. This initiative aims to foster … Read the full press release

University of Liverpool Researcher Secures Wellcome Trust Career Development Award to Investigate Coronavirus Replication Mechanisms

(IN BRIEF) Dr. Edward Emmott, a researcher at the University of Liverpool, has received the prestigious Wellcome Trust Career Development Award, a highly competitive fellowship. This funding will support Dr. Emmott’s crucial research efforts aimed at gaining a deeper understanding … Read the full press release

Yara Eyde: Pioneering Emission-Free Shipping with Clean Ammonia-Powered Container Ship

(IN BRIEF) Yara Clean Ammonia, North Sea Container Line, and Yara International have collaborated to create the groundbreaking Yara Eyde, the world’s first container ship to be fueled by clean ammonia. This innovative vessel will embark on an emission-free sea … Read the full press release

Green Energy Initiative: Iberdrola and bp pulse’s €1 Billion Plan for High-Speed EV Charging Across Iberia

(IN BRIEF) Iberdrola and bp pulse have officially launched their joint venture, aiming to create an extensive high-speed electric vehicle (EV) charging network in Iberia. The venture plans to invest €1 billion and deploy 5,000 charging points in Spain and … Read the full press release

Vestas Secures 203 MW Wind Turbine Order for Unnamed US Wind Project

(IN BRIEF) Renewable energy company Vestas has recently received a substantial order for 45 V163-4.5 MW wind turbines, totaling 203 MW in capacity, for an undisclosed wind project in the United States. The order encompasses the supply, delivery, and commissioning … Read the full press release

Eppendorf’s BioBased Lab Consumables Offer Sustainable Alternatives Powered by Neste

(IN BRIEF) Eppendorf, a laboratory equipment manufacturer, has partnered with Neste, a renewable solutions company, to create Eppendorf Consumables BioBased, a line of lab consumables made from 100% renewable raw materials. These products, including tubes and pipette tips, offer a … Read the full press release

Lagardère Group Announces Key Appointments: Michel Sibony, Gérald-Brice Viret, and Serge Nedjar Assume Special Advisor Roles

(IN BRIEF) Lagardère Group has announced significant leadership appointments, with Michel Sibony appointed as Special Advisor to the Chairman and CEO, focusing on purchasing and performance management, while also maintaining roles in other prominent groups. Gérald-Brice Viret assumes the position … Read the full press release

German Navy’s NH90 Sea Tiger Helicopter Successfully Takes Maiden Flight

(IN BRIEF) In a significant milestone, the NH90 Sea Tiger, destined for the German Navy’s shipborne operations, has completed its inaugural flight at Airbus Helicopters’ Donauwörth site in Germany. This achievement marks a crucial step forward as Airbus Helicopters proceeds … Read the full press release

Nierstichting and NWO Partner to Advance Kidney Transplant Survival

(IN BRIEF) Despite technological advancements, the long-term survival of transplanted kidneys has seen little improvement in the past two decades, with approximately 40% of transplanted kidneys being rejected within ten years. In response, the Nierstichting and NWO are collaborating in … Read the full press release

Marcel Levi Re-elected Vice-President on the Renewed Board of Science Europe

(IN BRIEF) Marcel Levi, NWO board chair, has been re-elected as vice-president on the newly constituted board of Science Europe, a European partnership of research funders and performers. His two-year term will extend until November 2025. Levi was previously a … Read the full press release

Irizar e-mobility Utilizes Recycled Aluminium Produced with Green Hydrogen in Electric Buses

(IN BRIEF) Irizar e-mobility, a Spanish electric vehicle manufacturer, has become the first company to incorporate recycled aluminium produced using green hydrogen into their products. Hydro Extrusions, their supplier, produced the recycled aluminium in Navarra, Spain, using green hydrogen, which … Read the full press release

Kapsch TrafficCom AG Reports Voting Rights and Share Capital Changes Following Capital Increase

(IN BRIEF) Kapsch TrafficCom AG, in accordance with the Austrian Stock Exchange Act, has disclosed that as of the end of November 2023, the total number of voting rights stands at 14,300,000, matching the company’s share capital of EUR 14,300,000.00. … Read the full press release

GTT and COSCO Shipping (Qidong) Offshore Ink Deal for Offshore LNG Technology Construction

(IN BRIEF) Paris-based GTT has entered into a Technical Assistance and License Agreement (TALA) with COSCO Shipping (Qidong) Offshore, a subsidiary of China COSCO Shipping Corporation Limited. Under this agreement, COSCO Shipping (Qidong) Offshore gains the rights to construct GTT’s … Read the full press release

Wereldhave Secures USD 50 Million US Private Placement Notes in Debt Funding Deal

(IN BRIEF) Wereldhave, a real estate investment company, has signed an agreement with US institutional investors to issue US Private Placement notes (USPP) worth USD 50 million with a seven-year tenor. This transaction follows a similar one in July 2023 … Read the full press release

EDF Advances Global Nuclear Ambitions at World Nuclear Exhibition

(IN BRIEF) EDF has taken significant steps in advancing its global nuclear ambitions, submitting a technical and commercial proposal for a new nuclear program in Slovenia using EPR technology, aiming to support the construction of two EPR1200 units or one … Read the full press release

EBRD Funds Boost Access to Finance for Women-Led SMEs in Armenia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Acba Bank, a prominent Armenian bank, with support from the European Union (EU) and Sweden. This funding will specifically target women-led small and … Read the full press release

EBRD Approves New Strategy Focusing on Sustainable Mining for Green and Digital Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new mining sector strategy outlining its priorities until 2029. Recognizing the mining industry’s pivotal role in developing environmentally friendly economies in line with the Paris Agreement, the … Read the full press release

EBRD’s Renewable Energy Programme Fuels Transition from Fossil Fuels to Clean Power

(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release

Lightsource bp to Scale Up with Full Ownership by bp

(IN BRIEF) bp is acquiring the remaining 50.03% stake in Lightsource bp, a leading utility-scale solar and battery storage developer and operator. This strategic move aims to enhance Lightsource bp’s growth and leverage bp’s complementary capabilities in finance and trading. … Read the full press release

DHL’s Hillebrand Gori to Ensure Smooth Wine Logistics for International Wine Challenge

(IN BRIEF) Hillebrand Gori, a subsidiary of DHL, has formed a strategic partnership with the International Wine Challenge (IWC) to become its logistics partner. Starting in 2024, Hillebrand Gori will handle the transportation of all consolidated wine samples for the … Read the full press release

Vodafone’s EasyTech Stores Redefine Retail with Tech Innovation in Romania

(IN BRIEF) Vodafone Romania has introduced a new type of concept store called EasyTech, designed to enhance the customer experience and offer a wide range of technology products. The first EasyTech store opened in Bucharest, featuring product displays, sales offices, … Read the full press release

NIR Spectroscopy Breakthrough: Smartphone Module Reveals ‘Invisible’ Health Biomarkers

(IN BRIEF) A groundbreaking miniaturized spectroscopy module has been created through a partnership between trinamiX, LUMILEDS, and VIAVI Solutions. Designed to run on Qualcomm Technologies’ Snapdragon® 8 Gen 3 reference design, the module brings near-infrared (NIR) spectroscopy to smartphones. This … Read the full press release

Secure Cloud Expansion: T-Systems and Google Cloud Offer Disconnected Hosting in Germany

(IN BRIEF) T-Systems is partnering with Google Cloud to offer Google Distributed Cloud Hosted (GDC Hosted) in Germany, catering to customers with strict data sovereignty needs. GDC Hosted is a disconnected cloud solution, operating on physically isolated servers to ensure … Read the full press release

KORE Insulation Introduces Low Carbon EPS Insulation for High-Efficiency Housing Development in Northern Ireland

(IN BRIEF) KORE Insulation has launched its low carbon EPS insulation, which has been selected for use in the Cloughan View housing development in Ballyclare, Northern Ireland, comprising 127 units and developed by the Braidwater Group. The high energy efficiency … Read the full press release

DHL Breaks Ground on Carbon-Neutral European Innovation Center in Troisdorf, Pioneering Sustainable Timber Construction

(IN BRIEF) DHL is commencing the construction of a state-of-the-art, carbon-neutral European Innovation Center in Troisdorf, Germany, representing the company’s first venture into timber construction and a strong commitment to sustainability. Set to be completed in April 2025, the new … Read the full press release

Equinor Agrees to Sell Nigerian Business and Agbami Oil Field Stake to Chappal Energies

(IN BRIEF) Equinor has reached an agreement to divest its Nigerian business, including its 53.85% ownership in oil and gas lease OML 128, which encompasses a 20.21% stake in the Agbami oil field operated by Chevron, to Nigerian-owned Chappal Energies. … Read the full press release