Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Anglo American Sells ZAR9.6 Billion Stake in Platinum Unit Ahead of 2025 Demerger

(IN BRIEF) Anglo American South Africa Proprietary Limited (AASA), a subsidiary of Anglo American plc, has sold 17.5 million shares of Anglo American Platinum, representing 6.6% of its share capital, for ZAR9.6 billion (approximately USD 527 million) through an accelerated … Read the full press release

Anglo American and IAEA Partner to Combat Soil Degradation with Innovative Fertilizer Solution

(IN BRIEF) Anglo American has partnered with the International Atomic Energy Agency (IAEA) to investigate the potential of polyhalite, a natural multi-nutrient mineral fertilizer, to combat soil salinisation and improve crop productivity. The five-year research project, supported by the FAO … Read the full press release

EIF and Banca Etica Unlock €200 Million for Ethical Investments in Italy and Spain

(IN BRIEF) The European Investment Fund (EIF) and Banca Etica have signed a €164 million guarantee agreement, supported by InvestEU, to unlock over €200 million in investments across Italy and Spain. This initiative will provide more than 1,000 social enterprises, … Read the full press release

EIB Group Opens Malta Office to Strengthen Local Partnerships and Drive Sustainable Investments

(IN BRIEF) The European Investment Bank (EIB) Group has deepened its ties with Malta by opening a new office in Valletta, enhancing collaboration with local businesses, government, and stakeholders. Announced by EIB Group President Nadia Calviño alongside Finance Minister Clyde … Read the full press release

EIB Group and Santander Partner on €183 Million Green Financing Boost for Energy Efficiency in Portugal

(IN BRIEF) The European Investment Bank Group (EIB Group), in partnership with Santander, has launched a €183 million initiative to boost energy efficiency investments in Portugal. The agreement includes €91.6 million in EIB Group support for Santander’s upper-mezzanine tranche, enabling … Read the full press release

EIB and Enel Partner on €500 Million Sustainability Loan to Strengthen Italy’s Energy Transition

(IN BRIEF) The European Investment Bank (EIB) and E-Distribuzione, part of the Enel Group, have signed the first €250 million installment of a €500 million sustainability-linked loan aimed at modernizing and strengthening Italy’s power grid. The agreement ties financing terms … Read the full press release

EIF Commits €40 Million to Norway’s HAVN Capital II to Accelerate Europe’s Low-Carbon Transition

(IN BRIEF) The European Investment Fund (EIF) has committed €40 million to HAVN Capital II, a Norway-based private equity fund targeting €250 million to invest in companies advancing renewable energy, electrification, and energy efficiency in Northern and Western Europe. The … Read the full press release

Stegra Partners with Uniper for Long-Term Renewable Energy Supply to Power Green Steel Production

(IN BRIEF) Stegra has partnered with Uniper in a six-year power purchase agreement to supply 6 TWh of electricity to its green steel production plant in Boden, Sweden, from 2027 to 2032. The electricity will power a 700MW electrolysis plant … Read the full press release

Bolk Transport Adds Two New Mercedes-Benz Arocs 8×4 Trucks to Heavy-Duty Fleet

(IN BRIEF) Bolk Transport has added two new Mercedes-Benz Arocs 8×4 trucks to its fleet for heavy-duty transportation across Europe. Equipped with 630 horsepower and a fluid coupling, these trucks can handle loads up to 250 tons, replacing older models … Read the full press release

Adyen Partners with Doctolib to Revolutionize Financial Services for Medical Professionals

(IN BRIEF) Adyen has partnered with Doctolib to enhance financial services for medical professionals across Europe. Initially launched in France and Italy, the collaboration enables healthcare providers to streamline administrative tasks with integrated payment solutions and financial tools, allowing them … Read the full press release

Eckert & Ziegler’s Theralugand® Gains EU Approval for Advanced Cancer Therapies

(IN BRIEF) The European Commission has approved Theralugand®, Eckert & Ziegler’s high-purity Lutetium-177 chloride, for routine clinical use across the European Economic Area. This approval allows its application in targeted cancer therapies, such as for neuroendocrine tumors and metastatic prostate … Read the full press release

Bechtle Names Christian Speck as Vice President Switzerland to Lead Integrated Growth Strategy

(IN BRIEF) Bechtle has appointed Christian Speck as Vice President Switzerland, effective January 1, 2025. Speck, currently Managing Director of Bechtle Schweiz AG, will oversee all Swiss operations and integrate the company’s sales channels to enhance customer support and cross-channel … Read the full press release

Schaeffler Restructures European Operations to Enhance Competitiveness and Focus on Future Growth

(IN BRIEF) Schaeffler AG is restructuring its European operations to enhance competitiveness and align with industry changes. Key measures include closing the Berndorf, Austria, facility and shifting production to more cost-efficient sites, consolidating operations at Brasov, Romania, and realigning production … Read the full press release

Barclays Expands in Asia with New Private Bank Booking Centre in Singapore

(IN BRIEF) Barclays is establishing a Private Bank booking centre in Singapore, reinforcing its commitment to Asia as a key wealth hub. The centre, set to launch by 2026, will allow ultra-high-net-worth (UHNW) clients and global family offices (GFOs) to … Read the full press release

Volkswagen and SAIC Extend Joint Venture to 2040, Pioneering Electric and Decarbonized Mobility in China

(IN BRIEF) Volkswagen and SAIC Motor have extended their joint venture, SAIC VOLKSWAGEN, until 2040, marking 40 years of partnership. The agreement accelerates the transformation of China’s automotive industry through electrification, innovation, and sustainability under Volkswagen’s “In China, for China” … Read the full press release

Boehringer Ingelheim Introduces VETMEDIN® Solution, a Liquid Treatment for Canine Heart Failure

(IN BRIEF) Boehringer Ingelheim has launched VETMEDIN® Solution, the first FDA-approved liquid treatment for congestive heart failure (CHF) in dogs caused by myxomatous mitral valve disease (MMVD) or dilated cardiomyopathy (DCM). The solution provides a convenient, twice-daily alternative to tablets, … Read the full press release

Novartis Gains EU Approval for Kisqali® to Broaden Early Breast Cancer Treatment Options

(IN BRIEF) Novartis has secured European Commission approval for Kisqali® (ribociclib) in combination with endocrine therapy (ET) as an adjuvant treatment for high-risk hormone receptor-positive (HR+), HER2-negative early breast cancer (EBC). The approval, based on the Phase III NATALEE trial, … Read the full press release

MAHLE Leads €5.1 Million Hydrogen Powertrain Initiative for Sustainable Construction and Agriculture

(IN BRIEF) MAHLE is leading a €5.1 million, three-year project funded by Germany’s Federal Ministry for Economic Affairs and Climate Action to develop hydrogen-based powertrain solutions for construction and agricultural machinery. The initiative, involving partners like DEUTZ, KIT, and Claas, … Read the full press release

Wood and Tendrill Partner to Boost Brunei’s Energy Sector with Sustainable Engineering Solutions

(IN BRIEF) Wood has partnered with Tendrill to form TendrillWood, a joint venture delivering engineering, procurement, and construction services in Brunei. Established in 2023, TendrillWood combines Wood’s global expertise with Tendrill’s local knowledge, employing a workforce that is 74% Bruneian. … Read the full press release

University of Southampton to Lead National Effort to Tackle Maternity Care Disparities

(IN BRIEF) The University of Southampton is leading a collaboration within the £50 million NIHR Challenge: Maternity Disparities consortium to address inequalities in maternity care across the UK. The initiative aims to improve health outcomes by focusing on preconception and … Read the full press release