Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Unilever Appoints Heiko Schipper as President, Nutrition Business Group

(IN BRIEF) Unilever has announced the appointment of Heiko Schipper as President of the Nutrition Business Group, effective May 1, 2024. Heiko, currently serving as President of Bayer Consumer Health, brings extensive experience and a successful track record in the … Read the full press release

Equinor Resumes Helicopter Flights After Safety Review

(IN BRIEF) Equinor, following consultation with the Civil Aviation Authority, has made the decision to resume flights with Sikorsky S-92 helicopters to installations on the Norwegian continental shelf (NCS). This decision comes after a temporary suspension of all flights following … Read the full press release

Aegon Plans to Re-elect Lard Friese as CEO for Another Four Years

(IN BRIEF) Aegon’s Board of Directors announces its intention to nominate Lard Friese for re-election as Executive Director and CEO at the upcoming Annual General Meeting of Shareholders (AGM) on June 12, 2024, for another four-year term. Since assuming the … Read the full press release

RWE’s Werne Plants Awarded Contract for 820 Megawatt Reserve Capacity

(IN BRIEF) RWE Generation’s natural gas combined cycle units F and G, along with the K1 gas turbine at the Gersteinwerk site in Werne, have secured a contract to provide 820 megawatts of reserve power in the period from October … Read the full press release

DHL Group Inaugurates State-of-the-Art Logistics Center in Poznan, Poland

(IN BRIEF) DHL Group unveils its new international logistics center in Robakowo, near Poznan, Poland, in collaboration with DHL eCommerce, Post & Parcel Germany, and DHL Freight. Representing an investment of approximately 180 million euros, the facility spans 32,000 sqm … Read the full press release

Siemens Launches Revolutionary Circuit Protection Device: SENTRON ECPD

(IN BRIEF) Siemens introduces SENTRON ECPD (Electronic Circuit Protection Device), a groundbreaking innovation in circuit protection technology. The device offers ultra-fast, wear-free switching, up to 1,000 times faster than conventional circuit breakers, enhancing safety and minimizing short-circuit energy. It provides … Read the full press release

Generali Completes Disposal of TUA Assicurazioni to Allianz

(IN BRIEF) Generali has finalized the sale of TUA Assicurazioni S.p.A. to Allianz, in line with the company’s strategic objectives outlined in its “Lifetime Partner 24: Driving Growth” strategy in Italy. This move aims to drive profitable growth, streamline operations … Read the full press release

Allianz Completes Acquisition of Tua Assicurazioni from Assicurazioni Generali

(IN BRIEF) Allianz S.p.A. has finalized the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. for 280 million euros, as previously announced on October 12, 2023. With regulatory approvals secured, Allianz anticipates a 1-percentage-point increase in its P/C market … Read the full press release

Eurojust and Europol Lead International Effort to Dismantle Trafficking Ring Exploiting Women

(IN BRIEF) In a coordinated effort led by Eurojust and Europol, authorities in Belgium and Hungary have made significant strides in combatting human trafficking by dismantling an organised crime group involved in the sexual exploitation of women. Eight suspects were … Read the full press release

EBRD and Eiffel Investment Group Collaborate to Boost Solar Energy in Poland with €45 Million Joint Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group are teaming up to advance solar energy development in Poland through a €45 million joint loan to PL-SUN Sp.z.o.o. This funding will support the construction of … Read the full press release

Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget

(IN BRIEF) Monesave, a social fintech innovator, introduces its latest feature: Anonymous Budget Benchmarking, enabling users to craft personalized budgets and compare progress with peers anonymously. Recognizing the solitary nature of traditional budgeting, Monesave’s Budgeting App offers a supportive environment … Read the full press release

Enhancing Mining Operations: Sandvik to Supply AutoMine® System to Codelco’s Chilean Mine Project

(IN BRIEF) Sandvik, a global leader in mining solutions, has secured a significant order from Codelco, the world’s largest copper producer. Valued at around SEK 300 million, the order is for Sandvik’s AutoMine® load and haul automation system to be … Read the full press release

AFRY Strengthens Renewable Energy Portfolio with Carelin Oy Acquisition

(IN BRIEF) AFRY has announced its acquisition of Carelin Oy, a leading provider of project management, energy, and asset care services in the Finnish renewable energy market. This strategic move aims to enhance AFRY’s offerings in the renewables sector, allowing … Read the full press release

Roland Berger Strengthens Water Consulting Arm with Acquisition of Amane Advisors

(IN BRIEF) Roland Berger has successfully finalized its acquisition of Amane Advisors, a specialized consulting firm focusing on water, resource, and energy recovery. This strategic move bolsters Roland Berger’s expertise in water consulting, positioning the firm as a leader in … Read the full press release

Rheinmetall Secures Contract for Skynex Air Defence Systems, Enhancing European Customer’s Aerial Threat Defense

(IN BRIEF) Rheinmetall has secured another significant contract to supply Skynex air defence systems to a European customer, aimed at bolstering their defense against aerial threats. With an order value in the lower three-digit million euro range, deliveries are slated … Read the full press release

Neste Corporation Releases Comprehensive Annual Report for 2023, Compliant with ESEF Reporting Standards

(IN BRIEF) Neste Corporation has officially published its Annual Report for the year 2023, available in Finnish and English on the company’s website. The report encompasses key sections such as the Strategy and Business Review, Sustainability Report, Corporate Governance Statement, … Read the full press release

Outokumpu Completes EUR 50 Million Share Buyback Program, Acquires 11 Million Shares

(IN BRIEF) Outokumpu has successfully concluded its share buyback program, announced on November 29, 2023, with a total expenditure of EUR 45,669,553.67 million. Under this initiative, Outokumpu repurchased 11,000,000 of its own shares, representing approximately 2.4% of the company’s total … Read the full press release

Outokumpu Oyj repurchased 269,993 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) In a recent update, Outokumpu has successfully concluded its share repurchase program, acquiring a total of 269,993 shares across various trading venues. The buyback initiative, initially announced on November 29, 2023, authorized by the Annual General Meeting, aimed … Read the full press release

The European companies at MWC Barcelona 2024: AI, 5G, VR, XR, Cybersecurity, Digital Transformation, Entertainment, etc.

(IN BRIEF) At the Mobile World Congress (MWC) Barcelona 2024, European companies showcased a wide array of innovations and strategic partnerships that underscored their commitment to driving digital transformation and enhancing connectivity across various sectors. The key topics discussed by … Read the full press release

Fugro Reports Robust Growth and Enhanced Profitability in 2023, Unveils Strategic Expansion Plans

(IN BRIEF) Fugro, a global leader in geo-data solutions, announces a strong performance in 2023 with notable revenue growth of 27.5% to EUR 2.2 billion, propelled by heightened client demand in energy markets. The company demonstrates significant improvement across all … Read the full press release