Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Official press release by Germany’s Federal Financial Supervisory Authority (BaFin) on Silicon Valley Bank Germany Branch 

(IN BRIEF) The German Federal Financial Supervisory Authority (BaFin) has imposed a ban on disposals and payments for Silicon Valley Bank Germany Branch due to concerns that the institution may not be able to meet its obligations towards its creditors. … Read the full press release

Communiqué de presse officiel de la Financial Conduct Authority (FCA), le régulateur de la conduite des sociétés de services financiers et des marchés financiers au Royaume-Uni, sur Silicon Valley Bank

(ACTUALITÉ EN BREF) La Financial Conduct Authority (FCA) a suivi de près la situation de la Silicon Valley Bank après son effondrement et sa mise sous séquestre le 10 mars 2023. En collaboration avec la Banque d’Angleterre, la Prudential Regulation … Read the full press release

Official press release from the Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, on Silicon Valley Bank

(IN BRIEF) The Financial Conduct Authority (FCA) has been closely monitoring the situation at Silicon Valley Bank following its collapse and receivership on March 10, 2023. In collaboration with the Bank of England, Prudential Regulation Authority (PRA), Financial Services Compensation … Read the full press release

Comunicado de prensa oficial de Invest Europe, la asociación que representa el capital privado de Europa, sobre Silicon Valley Bank

(NOTICIA EN BREVE) Invest Europe, la asociación que representa a los sectores de capital privado, capital de riesgo e infraestructura de Europa, ha expresado su preocupación por el colapso y la administración judicial de Silicon Valley Bank el 10 de … Read the full press release

Official press release from Invest Europe, the association representing Europe’s private equity, on Silicon Valley Bank

(IN BRIEF) Invest Europe, the association representing Europe’s private equity, venture capital, and infrastructure sectors, has expressed concern over the collapse and receivership of Silicon Valley Bank on March 10, 2023. While the impact on US venture capital firms, start-ups, … Read the full press release

13 mars 2023 : Outokumpu Oyj a racheté 407 308 actions propres dans le cadre de son programme de rachat d’actions

(COMMUNIQUÉ DE PRESSE)  HELSINKI, 13-Mar-2023 — /EuropaWire/ —  Outokumpu (HEL: OUT1V), premier producteur d’acier inoxydable en Europe, a annoncé le rachat de 407 308 actions propres dans le cadre de son programme de rachat d’actions. Les transactions (ISIN FI0009002422), réalisées … Read the full press release

13 Mar 2023: Outokumpu Oyj repurchased 407,308 own shares as part of its share buyback program

(PRESS RELEASE)  HELSINKI, 13-Mar-2023 — /EuropaWire/ —  Outokumpu (HEL: OUT1V), the largest producer of stainless steel in Europe, has announced the repurchase of 407,308 own shares as part of its share buyback program. The transactions (ISIN FI0009002422), carried out on … Read the full press release

Allianz streamlines commercial insurance with new integrated approach

(IN BRIEF) Allianz Group has announced that it will establish an integrated approach to serve the global commercial insurance sector under the name Allianz Commercial. The new approach will bring together the Allianz Global Corporate & Specialty (AGCS) business that … Read the full press release

EBRD Discusses Challenges Facing Polish Banking Sector with National Bank of Poland

(IN BRIEF) Jürgen Rigterink, the First Vice President of the European Bank for Reconstruction and Development (EBRD), has visited Poland and Ukraine to meet private-sector clients and authorities. This trip underlines the EBRD’s continuing commitment to Poland and the Central … Read the full press release

Kazakhstan’s largest municipality to benefit from EBRD Green Cities programme

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a KZT 4.1 billion (€8.5 million) loan to the Regional Center of Public-Private Partnership of the East Kazakhstan region, which will allow the city of Ust-Kamenogorsk to upgrade … Read the full press release

Aviva and Stories partner to invest in UK real estate for community facilities and affordable housing

(IN BRIEF) Insurance company Aviva has partnered with property developer Stories to invest £100m in UK real estate and infrastructure projects. The venture will mark the first funding commitment from Aviva Capital Partners, Aviva’s new in-house capital unit which develops … Read the full press release

Bosch BASF Smart Farming’s precision spraying system to help meet EU pesticide reduction targets

(IN BRIEF) Bosch BASF Smart Farming’s Smart Spraying Solution, which combines Bosch’s high-tech camera sensor technology and software with the advanced digital agronomic decision engine of xarvio® Digital Farming Solutions, will enter first series production at Herbert Dammann GmbH as … Read the full press release

Societe Generale proposes CEO appointment of Slawomir Krupa as a director

(IN BRIEF) The Board of Directors for a French banking company has proposed four appointments for director positions. Slawomir Krupa is proposed to be appointed as Director and will become Chief Executive Officer after his election. Béatrice Cossa-Dumurgier and Ulrika … Read the full press release

Reallocation of responsibilities at Bundesbank as Wuermeling prepares to depart

(IN BRIEF) Professor Joachim Wuermeling, a member of the Executive Board of the Deutsche Bundesbank, has announced that he will leave the bank at the end of the year to take up a new position in 2024. To prepare for … Read the full press release

ING proposes new appointments and reappointments to Supervisory Board and Executive Board at 2023 AGM

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced its proposal to appoint Alexandra Reich to its supervisory board during the Annual General Meeting (AGM) on April 24, 2023. Reich brings more than 20 years of experience in the telecoms sector, having held various … Read the full press release

DNV Certified to Support Poland’s Rapid Growth in Offshore Wind

(IN BRIEF) DNV has been authorized by the Polish Ministry of Infrastructure to issue certificates for offshore wind farms and assembly of power output equipment in Poland. This certification will be carried out in line with Polish law requirements reflected … Read the full press release

DNV Approves SwitchH2 and BW Offshore’s NH3 FPSO Concept for Green Ammonia Production

(IN BRIEF) SwitchH2 and BW Offshore have secured approval for their proposed design of a floating production unit that will create green ammonia. The project, known as the NH3 FPSO concept, will be built from a Very Large Crude Carrier … Read the full press release

Sandoz to Invest Over $400 Million in New Biologics Plant in Slovenia

(IN BRIEF) Sandoz, a global leader in generic and biosimilar medicines, has signed a Memorandum of Understanding to build a new biologics production plant in Lendava, Slovenia, in a move expected to be worth at least USD 400 million. The … Read the full press release

Nokia to provide iSIM Secure Connect to Airtel Africa’s wider digitalization efforts

(IN BRIEF) Nokia’s iSIM Secure Connect technology has been selected by Airtel Africa, as part of its digitalization efforts to offer 5G and IoT-based on-demand services to its customers. The technology provides communication service providers and enterprises with the capability … Read the full press release

AFRY appointed as Lender’s Technical Advisor for 600MW Monsoon Wind Power project in Laos

(IN BRIEF) Swedish engineering consultancy AFRY has been chosen as Lender’s Technical Advisor for the Monsoon Wind Power project, a 600MW onshore wind farm in Southern Laos that is set to become the largest wind farm in Southeast Asia. The … Read the full press release