Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EBRD Extends €29 Million Financing for Eurowatt’s Renewable Energy Expansion in Poland

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a financial package of up to PLN 126.1 million (€29 million equivalent) to support the growth of renewable energy capacity in Poland. The funding will be directed towards … Read the full press release

EBRD Joins Actis-Led Consortium to Acquire Telekom Srbija’s Mobile Towers in Western Balkans

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has partnered with an international consortium led by Actis, a global sustainable infrastructure investor, to acquire approximately 1,800 mobile towers from Serbian state-owned telecoms operator Telekom Srbija across Bosnia and … Read the full press release

EIB Backs Renfe’s Rail Modernization with €225 Million Financing

(IN BRIEF) The European Investment Bank (EIB) is set to provide €225 million in financing to Renfe for the modernization of its high-speed and freight trains. The funding includes a €125 million loan to renew the high-speed fleet, involving the … Read the full press release

EIB and NIB Commit €371 Million for H2 Green Steel’s Revolutionary Low-Carbon Plant

(IN BRIEF) The European Investment Bank (EIB) and the Nordic Investment Bank (NIB) have joined forces to provide €371 million in financing for H2 Green Steel’s groundbreaking steel plant project in Boden, Sweden. Backed by the European Union’s InvestEU program, … Read the full press release

EIB Commits €37 Million Loan to Protix for Sustainable Protein Expansion

(IN BRIEF) The European Investment Bank (EIB) has entered into an agreement with Protix, a leading sustainable protein producer, to provide up to €37 million in financing for the construction of a new production plant in Poland. This initiative aligns … Read the full press release

INSEAD Secures €60 Million Loan from EIB for Europe Campus Renovation

(IN BRIEF) INSEAD, the global business school, has signed a €60 million financing agreement with the European Investment Bank (EIB) to support its Europe Campus Reimagination project. The loan will facilitate the modernization and expansion of the INSEAD Europe Campus … Read the full press release

European Logistics Real Estate Firm Logicor Appoints Ronald van der Waals to Lead Nordics Growth

(IN BRIEF) Logicor, a major European logistics real estate company, has appointed Ronald van der Waals as Managing Director for the Nordics. In addition to his current role as Managing Director for Northern and Central & Eastern Europe, Ronald will … Read the full press release

International Finance Expert Kathleen Wantz-O’Rourke to Join SUEZ as CFO

(IN BRIEF) Kathleen Wantz-O’Rourke is set to become the Executive Vice President and Group Chief Financial Officer at SUEZ starting March 15th. Kathleen has extensive international finance experience, having held various CFO positions at SIEMENS in different countries and serving … Read the full press release

Coordinated Operation Across Four Countries Targets Online Trading Fraud Network Defrauding Millions

(IN BRIEF) Judicial and law enforcement authorities from Germany, Cyprus, Bulgaria, and Sweden collaborated in a coordinated action against an organized crime group suspected of online trading fraud. The criminal network operated fraudulent online trading platforms from call centers and … Read the full press release

Logicor Successfully Places €650 Million Notes to Support Refinancing and Growth

(IN BRIEF) Logicor, a prominent player in European logistics real estate, has achieved a successful placement of €650 million in unsecured notes under its EMTN program. These notes, with a 4.5-year term and a 4.625% coupon, hold a BBB rating … Read the full press release

Eneco and Corre Energy Join Forces for Groundbreaking Compressed Air Energy Storage Project in Germany

(IN BRIEF) Eneco and Corre Energy have entered into a provisional agreement to jointly develop and invest in Corre Energy’s inaugural compressed air energy storage (CAES) project in Germany, located in Ahaus, North Rhine-Westphalia. This collaboration will allow Eneco to … Read the full press release

Central Bank of Malta Receives Equality Mark for Commitment to Gender Equality and Inclusivity

(IN BRIEF) The Central Bank of Malta has proudly received the Equality Mark from the National Commission for the Promotion of Equality (NCPE), highlighting the institution’s dedication to fostering a discrimination-free work environment and its commitment to gender equality. With … Read the full press release

Flying Tiger Copenhagen Partners with Maersk for Green Ocean Freight Transport Solution

(IN BRIEF) A.P. Moller – Maersk is pleased to welcome Flying Tiger Copenhagen as a new customer, as the Danish retailer commits to transporting its entire ocean freight volume under Maersk’s ECO Delivery solution starting in 2024. This initiative aims … Read the full press release

Telefónica Successfully Increases Stake in Telefónica Deutschland Through Voluntary Acquisition Offer

(IN BRIEF) Telefónica, through its subsidiary Telefónica Local Services GmbH, has successfully completed its voluntary partial acquisition offer to the shareholders of Telefónica Deutschland Holding AG. During the acceptance period from November 7, 2023, to January 17, 2024, Telefónica increased … Read the full press release

Webuild Secures Lucrative Contract for Ontario Line’s Pape Tunnel and Underground Stations Development

(IN BRIEF) Milan-based construction company, Webuild Group, has entered into a joint venture with Fomento de Construcciones y Contratas Canada Ltd. (“FCC Canada”) to win a contract valued at approximately €700 million to €1.3 billion for the development and construction … Read the full press release

5G Milestone: Vodafone, Qualcomm, and Xiaomi Triple Upload Speeds

(IN BRIEF) Vodafone, Qualcomm, and Xiaomi have achieved a major breakthrough in 5G technology through a successful test in Europe. They achieved peak upload speeds of up to 273 megabits per second (Mbps), significantly faster than the typical 100 Mbps … Read the full press release

Crédit Agricole Group Demonstrates Commitment to Worldline’s European Expansion

(IN BRIEF) Crédit Agricole S.A. has acquired a 7% minority stake in Worldline S.A. as part of their strategic partnership to strengthen their presence in the French merchant payment services market. This investment reaffirms Crédit Agricole Group’s commitment to supporting … Read the full press release

Plenitude Enhances Spanish Offshore Wind Portfolio with BlueFloat and Sener Collaboration

(IN BRIEF) Plenitude, an Italian energy company specializing in renewable energy, has joined forces with BlueFloat Energy and Sener Renewable Investments to advance offshore wind projects in Spain. This partnership strengthens their existing consortium and creates a dominant player in … Read the full press release

Outokumpu’s Share Repurchase Program Nets Over 244,000 Acquired Shares

(IN BRIEF) Outokumpu has successfully concluded its share repurchase program, acquiring a total of 244,303 of its own shares across various trading venues at a weighted average price of EUR 3.99 per share, amounting to a total cost of EUR … Read the full press release

Outokumpu’s Shareholders’ Nomination Board Proposes Board Composition and Remuneration Changes for AGM 2024

(IN BRIEF) Outokumpu Oyj’s Shareholders’ Nomination Board has put forth several proposals for the Annual General Meeting in 2024. The board suggests re-electing the current eight members of the Board of Directors, with Kari Jordan as Chairman and Kati ter … Read the full press release