Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

EQT Credit to support Inspired’s acquisition strategy with EUR 115 million

STOCKHOLM, 19-Jan-2018 — /EuropaWire/ — EQT Credit, through its Mid-Market Credit investment strategy, today announces that it has provided EUR 115 million of financing to support Inspired’s (the “Company”) acquisition strategy. Inspired is a leading global operator of over 30 premium … Read the full press release

Norges Bank to exclude nine companies from the Government Pension Fund Global

OSLO, 17-Jan-2018 — /EuropaWire/ — Norges Bank has decided to exclude nine companies from the Government Pension Fund Global. In addition, one company has been placed under observation. The companies Evergreen Marine Corp (Taiwan) Ltd, Korea Line Corp, Precious Shipping PCL … Read the full press release

Young researchers can do their research at foreign research institutes thanks to a Rubicon grant from NWO

THE HAGUE, 17-Jan-2018 — /EuropaWire/ — 21 researchers who have recently received their PhDs can do their research at foreign research institutes thanks to a Rubicon grant from NWO. The Rubicon programme gives young, highly promising researchers the opportunity to gain … Read the full press release

Dutch development bank FMO to support Argentina’s micro and small-to-medium sized enterprises (MSMEs)

THE HAGUE, 16-Jan-2018 — /EuropaWire/ — Banco Comafi has received a US$20 million investment from the Dutch development bank FMO to support Argentina’s new business sector in line with pro-market reforms implemented by the country’s elected government. The bank is the first Argentinian lender … Read the full press release

Covestro expects EUR 85 million extraordinary income in FY 2017 due to U.S. tax reform

LEVERKUSEN, 16-Jan-2018 — /EuropaWire/ — Positive one-time effect of ca. EUR 85 million on net income expected in 2017 / Additional positive impact on coming years Covestro expects a positive one-time effect from the recently enacted U.S. tax reform on … Read the full press release

Mediengespräch: Am 18. Januar 2018 zeigt eine Konferenz in Zürich neue Finanzierungsmechanismen wie die „Social Impact Bonds“ auf

BERN, 16-Jan-2018 — /EuropaWire/ — Die UNO schätzt, dass bis 2030 jährlich 2,5 Billionen Dollar zusätzliche Gelder benötigt werden, um ihre nachhaltigen Entwicklungsziele zu erreichen. Am 18. Januar 2018 zeigt eine Konferenz in Zürich neue Finanzierungsmechanismen wie die „Social Impact Bonds“ … Read the full press release

Forrester Research recognised Intesa Sanpaolo as one of the three best digital banks in Europe

Recognised by Forrester Research as one of the seven leading global players in digital transformation in 2016, Intesa Sanpaolo has now moved into podium position in the ranking of the best Internet banking sites in Europe According to the study, … Read the full press release

Multi-sector industry coalition SEA\LNG welcomes the first financial institution to its coalition: Societe Generale

PARIS, 11-Jan-2018 — /EuropaWire/ — SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, today announced the addition of the first financial institution to the coalition; Societe Generale. Joining a … Read the full press release

Societe Generale: Fromageries Bel extends the maturity of its € 520 million multi-currency revolving credit facility

PARIS, 11-Jan-2018 — /EuropaWire/ — On December 21, 2017, Fromageries Bel signed an addendum to extend the maturity of its € 520 million multi-currency revolving credit facility and, on that occasion, chose to include environmental and social impact criteria. The maturity … Read the full press release

Prudential to host series of nationwide ‘Planning Matters’ seminars for financial advisers

LONDON, 11-Jan-2018 — /EuropaWire/ — Prudential will begin 2018 by hosting a series of nationwide ‘Planning Matters’ seminars for financial advisers. At the sessions, which run from 24 January to 22 March 2018 and cover 21 locations across the UK, Prudential’s … Read the full press release

BNP Paribas Wealth Management 2018: Solid economic growth, timid inflation, less monetary support

Solid economic growth, timid inflation, less monetary support and the growing influence of new societal issues underpin the investment themes selected for 2018 by BNP Paribas Wealth Management’s strategists in the United States, Europe and Asia. These themes aim to guide … Read the full press release

EBRD and EU support Tunisian ‘micro-entrepreneurs’

Microcred loans benefit 1,000 micro-sized firms LONDON, 09-Jan-2018 — /EuropaWire/ — Kawther Bedhiaf’s professional dream started when she was a child in the Tunisian countryside. “I grew up in a town called Hedra, close to the mountains. Being surrounded by beautiful nature inspired … Read the full press release

E.ON SE to tender its 170,720,340 Uniper SE shares into Fortum’s public takeover offer

ESPOO, 09-Jan-2018 — /EuropaWire/ — E.ON SE has today (08 January 2018) announced that it has decided to tender its 170,720,340 Uniper SE shares, corresponding to 46.65% of shares and voting rights, into Fortum’s public takeover offer. Furthermore, E.ON announced that … Read the full press release

Commemorative 20 euro coin to mark the 100th anniversary of the birth of TUM professor Ernst Otto Fischer

  Munich, Germany, 09-Jan-2018 — /EuropaWire/ — Ernst Otto Fischer, former Professor of Inorganic Chemistry at the Technical University of Munich (TUM), established a new branch of chemistry with his research on metal-carbon compounds. His work fundamentally changed the prevailing understanding … Read the full press release

Rabobank subsidiary in California Rabobank National Association (RNA) takes Q4 2017 provision of EUR 310 million in anticipation of a settlement connected to previously disclosed investigations

Utrecht, Netherlands, 08-Jan-2018 — /EuropaWire/ — Rabobank, National Association (“RNA”), a California-based subsidiary of Coöperatieve Rabobank, U.A. (“Rabobank”), has taken a Q4 2017 provision of approximately EUR 310 million in anticipation of a settlement connected to previously disclosed investigations. RNA … Read the full press release

Gemalto to supply the world’s first EMV biometric dual interface payment card to Bank of Cyprus

Gemalto to supply the world’s first EMV biometric dual interface payment card to Bank of Cyprus   Biometric authentication replaces PIN code facilitating higher value contactless transactions  Maximum privacy protection ensured by secure in-branch enrolment process and on-card storage of … Read the full press release

VINCI signs share purchase agreement with investment services provider as part of its share buyback programme

Rueil-Malmaison Cedex – France, 04-Jan-2018 — /EuropaWire/ — As part of the implementation of its share buyback programme, VINCI signed a share purchase agreement with an investment services provider on 2 January 2018. According to the agreement, the investment services provider … Read the full press release

Deutsche Börse: Siemens, Covestro, Rocket Internet and Wirecard the most traded securities in the German benchmark indices DAX, MDAX, SDAX and TecDAX in 2017

FRANKFURT, 03-Jan-2018 — /EuropaWire/ — Deutsche Börse’s cash markets record second highest trading volumes since 2012 / Four Deutsche Börse Venture Network start-ups have been listed on the stock exchange so far The shares of Siemens, Covestro, Rocket Internet and Wirecard … Read the full press release

Allianz Group and Liverpool Victoria Friendly Society (LV=) complete the first stage in the creation of their joint venture and strategic partnership

Acquisition of 49 percent stake in LV=’s UK General Insurance businesses by Allianz Group is now completed Transaction creates third-largest personal insurer in the UK market Allianz to pay another 213 million pounds for a further 20.9 percent stake in … Read the full press release

Norges Bank will sell foreign exchange on behalf of the government in January 2018

Norges Bank will sell foreign exchange on behalf of the government equivalent to NOK 900 million per day in January 2018. OSLO, 03-Jan-2018 — /EuropaWire/ — Norges Bank purchases foreign currency from the State’s Direct Financial Interest (SDFI) each month. If … Read the full press release

Liverpool Victoria Friendly Society (LV=) completed the planned sale of 49 percent stake in its UK General Insurance businesses to Allianz Group

Bournemouth, UK, 02-Jan-2018 — /EuropaWire/ — Liverpool Victoria Friendly Society (LV=) announces that it has completed the planned sale of a 49 percent stake in its UK General Insurance businesses (LV=GI) to Allianz Group. Total consideration at this first stage of … Read the full press release

FMO, OFID and OeEB sign USD 67.5 million syndicated loan to Lebanon and Gulf Bank (LGB BANK) for SMEs

THE HAGUE, 02-Jan-2018 — /EuropaWire/ — The three development banks signed a USD 67.5 million loan to Lebanon and Gulf Bank (LGB BANK). In addition to the USD 32.5 million provided by FMO, OFID (the OPEC Fund for International Development) … Read the full press release

Intesa Sanpaolo S.p.A.: Joint press release on the closing of the sale of 44.86% of the share capital of Prelios S.p.A. by Lavaredo S.p.A.

Press release on behalf of Burlington Loan Management DAC, Lavaredo S.p.A., Pirelli & C. S.p.A., Intesa Sanpaolo S.p.A., UniCredit S.p.A., and Fenice S.r.l. MILAN, 02-Jan-2018 — /EuropaWire/ — With reference to the press releases dated 26 July 2017 and 3 … Read the full press release

Digital Transformation: Engineering acquires Infogroup from Intesa Sanpaolo

MILAN, 02-Jan-2018 — /EuropaWire/ — Engineering and Intesa Sanpaolo have executed the agreement for the sale of 100% of the share capital of Infogroup held by the banking group. The transaction, announced on 27 July 2017, was subject only to … Read the full press release

Number of votes in AB Volvo changes due to Series A to Series B shares conversion

GOTHENBURG, 02-Jan-2018 — /EuropaWire/ — The number of votes in AB Volvo has changed due to the conversion of a total of 2 595 454 Series A shares to a total of 2 594 454 Series B shares. The conversions were implemented with the … Read the full press release

Nuclear: EDF completes the acquisition of 75.5% stake in New NP capital

PARIS, 02-Jan-2018 — /EuropaWire/ — Following the signing of definitive binding agreements setting the terms of the sale to EDF of 75.5% of New NP capital, and as announced on 22 December, the transaction has been completed on 31 December 2017. … Read the full press release

ING participated in Bank of Beijing (BoB) share offering with EUR 240 million

Amsterdam, 02-Jan-2018 — /EuropaWire/ — As announced on 25 April 2017, ING has participated in the private placement by Bank of Beijing (BoB) which has closed today (29 December 2017). BoB has issued 2.9 billion ordinary shares with a value of … Read the full press release

EBRD provides US$ 85 million loan to finance renewable energy and resource efficiency projects in Turkey

New funds to finance investments in the private sector LONDON, 29-Dec-2017 — /EuropaWire/ — In response to growing demand for green energy the EBRD is providing a US$ 85 million loan to Türkiye Sınai Kalkınma Bankası (TSKB) to finance private mid-cap companies investing … Read the full press release

EBRD finances a local bakery in Turkmenistan

Datly Sherbet to make biscuits and confectionery for local market and export LONDON, 29-Dec-2017 — /EuropaWire/ — The EBRD is continuing to finance small businesses in Turkmenistan, where the development of private enterprise is a focus of the Bank’s investment strategy, with … Read the full press release

EBRD supports Egypt’s gas infrastructure modernisation

LONDON, 29-Dec-2017 — /EuropaWire/ — The EBRD is providing a US$200 million loan to the Arab Republic of Egypt to finance the modernisation of selected gas infrastructure facilities, which shall improve energy efficiency and reduce impacts on the environment. Egypt has an energy … Read the full press release