Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EIB Advises Greek Regions on Green Transition and Lignite Phase-Out with €2.75 Million Fund

(IN BRIEF) The European Investment Bank (EIB) will provide advisory support to five Greek regions to facilitate their transition from lignite-based energy production to sustainable, renewable energy sources. Through a €2.75 million technical assistance fund, the EIB aims to promote … Read the full press release

Orkla Divests Hydropower Assets in Strategic Move to Streamline Operations

(IN BRIEF) Orkla has entered into agreements to sell its entire hydropower portfolio in two separate deals valued at NOK 6.1 billion. The assets include hydropower production at Sarpefossen, Mossefossen, and the Saudefaldene and Trælandsfos sites. The sales align with … Read the full press release

Poland Takes Major Step Toward Offshore Wind Leadership with Baltic Power Substations Completion

(IN BRIEF) Poland is advancing its offshore wind energy ambitions with the completion of two key substations for the Baltic Power wind farm, marking the start of commercial-scale offshore wind development in the country. The project is part of a … Read the full press release

thyssenkrupp Steel Unveils Advanced Annealing and Isolating Line in Bochum to Support Electric Mobility Growth

(IN BRIEF) thyssenkrupp Steel has completed a key investment in its Bochum facility with the opening of a new annealing and isolating line, marking a major step in its strategy to produce high-tech electrical steel for electric vehicles and energy-efficient … Read the full press release

GRAHAM Leads Topping-Out Ceremony for Bendigo Building, Ushering in New Era for Student Living in Nottingham

(IN BRIEF) The Bendigo Building in Nottingham has topped out, marking a major milestone in the development of a new purpose-built student accommodation project. The £70 million ‘true Nottingham’ development, set to become a prominent part of the city’s Creative … Read the full press release

Continental Tires’ Korbach Plant Earns ISCC PLUS Certification in Sustainability Milestone

(IN BRIEF) Continental Tires’ Korbach plant has achieved ISCC PLUS sustainability certification, confirming the company’s commitment to using renewable and recycled materials in its tire production. This certification ensures traceability of sustainable materials throughout the production process. The plant joins … Read the full press release

France and Germany Take Key Step Forward in MGCS Tank Replacement Project

(IN BRIEF) On January 23, 2025, in Paris, representatives from KNDS Deutschland, KNDS France, Rheinmetall Landsysteme, and Thales signed a shareholder agreement for the MGCS Project Company GmbH. This agreement is a major step forward in the MGCS program, which … Read the full press release

Las acusaciones de fraude contra Ricardo Salinas no son nuevas: una perspectiva histórica sobre los problemas legales del multimillonario

ASTOR ASSET MANAGEMENT 3 LTD DESTACA LAS PREOCUPACIONES CONTINUAS EN TORNO AL PRESIDENTE DE GRUPO ELEKTRA (NOTICIA EN BREVE) Astor Asset Management 3 Ltd desea llamar la atención sobre los desafíos legales persistentes y las acusaciones recurrentes de actividades poco … Read the full press release

Evonik and Fuhua Launch Joint Venture in China to Produce Specialty Hydrogen Peroxide for Key Industries

(IN BRIEF) Evonik and Fuhua Tongda Chemicals have formed a joint venture in Leshan, China, to produce specialty hydrogen peroxide (H2O2) for industries like solar panels, semiconductors, and food packaging. With Evonik holding a 51% stake, the venture aims to … Read the full press release

Euronext Kicks Off 2025 IPOready Programme with Record Participation from Over 160 Companies

(IN BRIEF) Euronext has launched the 2025 edition of its IPOready programme, marking a decade of supporting Europe’s fastest-growing companies. Over 160 companies from 11 European countries are participating, with technology companies making up the majority. The programme provides a … Read the full press release

Anglo American, University of Birmingham, and Cambridge Future Tech Join Forces to Launch PeroCycle for Carbon Recycling in Steelmaking

(IN BRIEF) Anglo American, in partnership with the University of Birmingham and Cambridge Future Tech, has launched PeroCycle, a venture aimed at advancing carbon recycling technology in steelmaking. The project builds on the pioneering work of Professor Yulong Ding and … Read the full press release

CNP Assurances Receives Prestigious MSCI ESG AAA Rating for Sustainability Efforts

(IN BRIEF) CNP Assurances has been upgraded to an MSCI ESG AAA rating, securing a 9.7/10 score and ranking 5th globally in the “Life and Health Insurance” category. The company’s commitment to sustainability is central to its operations, with a … Read the full press release

Fresenius and Microsoft Sign Landmark Five-Year Global Agreement to Enhance IT Collaboration and Security

(IN BRIEF) Fresenius has signed a five-year global contract with Microsoft to enhance IT collaboration and security for its global workforce. Beginning in June 2025, the agreement will include tools such as Microsoft Defender, Microsoft 365, SharePoint, OneDrive, and Microsoft … Read the full press release

Nagarro Sets Optimistic Financial Outlook for 2025, Focusing on Growth and Shareholder Value

(IN BRIEF) Nagarro has issued its financial guidance for 2025, projecting revenues between €1,020 million and €1,080 million, with a gross margin of around 30% and an adjusted EBITDA margin of 14.5% to 15.5%. CEO Manas Human expressed confidence in … Read the full press release

Yonsei University, Zymedi, and Evotec Awarded US$ 4.5 Million Grant for Novel Lung Disease Therapies

(IN BRIEF) Evotec, Yonsei University, and Zymedi have been awarded a US$ 4.5 million grant from the Korea Institute of Advanced Technology (KIAT) to develop first-in-class biologic therapies for lung diseases, specifically asthma and idiopathic pulmonary fibrosis (IPF). The project … Read the full press release

Knorr-Bremse Finalizes Sale of GT Emissions Systems to Rcapital Partners as Part of Ongoing Portfolio Optimization

(IN BRIEF) Knorr-Bremse has completed the sale of its subsidiary, GT Emissions Systems, to UK-based Rcapital Partners, marking a key milestone in the company’s portfolio optimization efforts. GT Emissions Systems specializes in emission control systems for diesel engines and has … Read the full press release

Arkema Unveils ENCOR® Bio-Based Dispersions to Drive Sustainability in the Textile Industry

(IN BRIEF) Arkema has launched its ENCOR® range of bio-based waterborne dispersions, designed for textile printing and finishing applications, offering up to 30% bio-based content and reducing the carbon footprint by 40% compared to traditional resins. This innovation supports the … Read the full press release

Banco Santander and Coursera Offer 10,000 Scholarships for Global Professional Development

(IN BRIEF) Banco Santander has partnered with Coursera to offer 10,000 scholarships for access to Coursera’s platform, providing one-year free access to over 13,000 courses and professional certifications across 13 countries. The scholarships cover a wide range of fields, including … Read the full press release

Naked Receives USD 4 Million Investment from DEG to Expand South Africa’s Digital Insurance Landscape

(IN BRIEF) Naked, South Africa’s fully digital insurance platform, has secured a USD 4 million equity investment from DEG to further its growth by enhancing automation, expanding its product offerings, and attracting more customers through targeted advertising. This is part … Read the full press release

Shell Announces Leadership Changes as Huibert Vigeveno Steps Down After 30 Years of Service

(IN BRIEF) Huibert Vigeveno, a long-serving Shell executive, will step down from his role as Director of Downstream, Renewables, and Energy Solutions, effective 31 March 2025, after a remarkable 30-year career. CEO Wael Sawan thanked Huibert for his contributions, highlighting … Read the full press release