(IN BRIEF) Eni and Vår Energi have announced their agreement to acquire Neptune Energy Group, a leading exploration and production company with gas-oriented operations in Western Europe, North Africa, Indonesia, and Australia. Eni will acquire Neptune’s global business, excluding Germany … Read the full press release
Posted in Business, Energy, Gas & Oil, Investment, Italy, Norway
Tagged acquisition, Eni, exploration, natural gas production, Neptune Energy Group, Vår Energi
(IN BRIEF) Bosch Engineering and X Shore have announced a collaboration to enhance the electric drive system of the X Shore 1 boat. The partnership aims to improve performance and efficiency, bringing together Bosch’s advanced technology and automotive expertise with … Read the full press release
(IN BRIEF) Telekom has announced that its customers can enjoy 5G roaming services while traveling abroad during the summer holiday season. With over 120 partner agreements in 60 countries, Telekom ensures seamless access to the fastest mobile communication standard worldwide. … Read the full press release
Posted in Business, Germany, Infrastructure & Utilities, Internet & Online, Technology, Telecom, Travel
Tagged 5G roaming, 5G surfing, holiday, mobile communications, roaming, streaming, summer holiday season, Telekom, travel
(IN BRIEF) Logicor has signed a long-term lease agreement with EET Group for a property in Greve, Denmark. EET Group, a B2B IT distributor serving over 30,000 merchants across Europe, plans to utilize the facility as a crucial part of … Read the full press release
Posted in Business, Denmark, Industrial, Transportation & Logistics, United Kingdom
Tagged Andrew Dalgliesh, Bjarke Roost, EET Group, Greve, Logicor, logistic real estate, logistics, modern warehouse, warehouse
(IN BRIEF) Allianz Trade has conducted a study revealing a significant gap between perceived and actual inflation rates, with Germany experiencing the widest disparity. The study shows that perceived inflation in the eurozone is nearly three times higher than the … Read the full press release
Posted in Austria, Business, Economy, Financial, Germany, Insurance, Switzerland
Tagged Actual Inflation, Allianz Trade, divergent inflation rates, Eurozone, inflation, Perceived Inflation
(IN BRIEF) Lightsource bp, a global leader in renewable energy, has announced the appointment of Adele Ara as the new Chief Technology Officer (CTO) and member of the executive team. Adele has been with the company since 2014, demonstrating her … Read the full press release
(IN BRIEF) Vattenfall proudly announces the completion of turbine installation at the Hollandse Kust Zuid offshore wind farm. After nearly two years of construction, the final turbine has been installed, bringing the total count to 139 out of the originally … Read the full press release
(IN BRIEF) Effective October 1, 2023, BASF will transfer its European direct business for Ultraform® (POM) to its trusted trading partners, ALBIS and Ultrapolymers Group. While the sales process will be handled by ALBIS and Ultrapolymers Group, BASF will continue … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Management
Tagged ALBIS, BASF, engineering plastics, engineering plastics portfolio, polyoxymethylene, POM, Ultraform®, Ultrapolymers Group
(IN BRIEF) BASF has started construction on a polyethylene (PE) plant in Zhanjiang, China. The plant, scheduled to be operational by 2025, will have an annual capacity of 500,000 metric tons of PE. This investment aims to meet the increasing … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Investment
Tagged BASF, Bejoy Chandran, Bir Darbar Mehta, CHINA, ethylene, films, flexible packaging, PE, pipelines, polyethylene, storage tank, versatile thermoplastic polymer, Zhanjiang
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Mastercard Center for Inclusive Growth have announced an expansion of their collaboration on gender equality, small business support, and digital transformation. The Memorandum of Understanding (MoU) between the organizations … Read the full press release
(IN BRIEF) Michelin has announced its agreement to acquire Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films, serving industries such as marine, supercars, electric vehicles, sports, and … Read the full press release
Posted in Automotive, Business, Chemicals, France, Industrial, Investment, Management
Tagged acquisition, engineered fabrics, FCG, films, Flex Composite Group, IDI, Michelin, polymer composite solutions
(IN BRIEF) Saab’s Arexis sensor suite has been selected as the preferred solution for the German Eurofighter Electronic Warfare (EW) variant by Germany’s defence procurement office (BAAINBw). This follows Germany’s plan to equip 15 Eurofighters for EW missions. Saab’s Arexis … Read the full press release
Posted in Business, Defence, Germany, Industrial, Sweden, Technology
Tagged Anders Sjöberg, Arexis, artificial intelligence, BAAINBw, electronic warfare, German Eurofighter, Helsing, Saab, sensor
(IN BRIEF) DHL Express Finland has announced the construction of a new logistics center at Helsinki-Vantaa Airport. The facility, with an investment of approximately €100 million, will serve as the central hub for all incoming and outgoing Express shipments in … Read the full press release
(IN BRIEF) Glencore, a global mining and commodities trading company, has completed the sale of its 100% interest in Cobar Management Pty Ltd (CMPL), the owner of the Cobar copper mine in New South Wales, Australia, to Metals Acquisition Corp … Read the full press release
(IN BRIEF) Lightsource bp, a global leader in solar energy projects, has opened its new headquarters in Madrid, Spain. The company has experienced significant growth in just four years and has established itself as a leader in the Spanish renewable … Read the full press release
(IN BRIEF) The European Investment Fund (EIF) has provided two guarantees totaling €50 million to illimity Bank to improve financing access for small and medium-sized enterprises (SMEs) in Italy. The guarantees, backed by the InvestEU program, focus on supporting SMEs … Read the full press release
(IN BRIEF) The European Investment Fund (EIF) has committed €30 million as a cornerstone investment in the ‘IB Deuda Impacto España’ fund, which supports Spanish businesses investing in high social impact areas. MicroBank, CaixaBank’s social arm, has also contributed €10 … Read the full press release
Posted in Business, Financial, Luxembourg, Small Business, Spain
Tagged Arturo Benito, CaixaBank, circular economy, Climate, Cristina González Viu, EI, Environment, fund manager, gender equality, IB Deuda Impacto España, Impact Bridge Asset Management, InvestEU, labor inclusion, Marjut Falkstedt, MicroBank, Paolo Gentiloni, rural development, Spanish businesses, sustainable agriculture, The European Investment Fund
(IN BRIEF) Holcim, a global building materials company, has announced the acquisition of Minerales y Agregados, a leading provider of advanced mortars and adhesives in Guatemala. This marks Holcim’s entry into the Guatemalan market and expands its Solutions & Products … Read the full press release
Posted in Business, Construction, Industrial, Investment, Switzerland
Tagged acquisition, adhesives, advanced mortars, agriculture, construction, dry mortars, Guatemala, holcim, insulation, Minerales y Agregados, Oliver Osswald
(IN BRIEF) Saint-Gobain, a global building materials company, has announced its plans to acquire Hume Cemboard Industries (HCBI), a leading manufacturer of cement boards in Malaysia. HCBI’s lightweight cement boards are widely used in various construction applications and offer significant … Read the full press release
(IN BRIEF) VINCI, in collaboration with VINCI Energies, VINCI Construction, and Hitachi Energy, has been awarded a contract by Electricity Interconnection France-Spain (INELFE) to construct two ground stations for an electrical interconnection project between France and Spain. The stations will … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities, Spain
Tagged Electrical energy, electrical interconnection, electricity grids, Electricity Interconnection France-Spain, energy exchange, France, Hitachi Energy, HVDC, INELFE, Red Eléctrica, RTE, Spain, VINCI, VINCI Construction, VINCI Energies
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