Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Allianz Life completes the reinsurance agreement with Sixth Street affiliates and Resolution Life

Agreement with Resolution Life and affiliates of Sixth Street was announced on December 3 Transaction unlocks $4.1 bn in value and frees up regulatory capital for Allianz (PRESS RELEASE) MUNICH, 7-Jan-2022 — /EuropaWire/ — Allianz Group, one of the world’s … Read the full press release

Societe Generale: ALD to acquire LeasePlan from TDR Capital led consortium for EUR 4.9 billion

(PRESS RELEASE) PARIS, 6-Jan-2022 — /EuropaWire/ — Société Générale (EPA: GLE), a European leader in financial services with over 150 years of history, has announced it signed two Memorandums of Understanding (MoU) for the acquisition of 100% of LeasePlan by … Read the full press release

Kuehne+Nagel now present in 18 African countries; opens new control tower in Durban

Full-service logistics provider to Africa Expansion reflects Africa’s growing importance in world trade Regional control tower serves as a single point of contact to an integrated network across the continent (PRESS RELEASE) DUBAI, UAE, 5-Jan-2022 — /EuropaWire/ — Kuehne+Nagel (SWX: … Read the full press release

Rolls-Royce closes the divestment of Bergen Engines to Langley Holdings plc for EUR 63 million

(PRESS RELEASE) LONDON, 4-Jan-2022 — /EuropaWire/ — Rolls-Royce (LSE:RR., ADR:RYCEY), the pre-eminent engineering company with focus on world-class power and propulsion systems, has announced the completion of the divestment of Bergen Engines, a diesel and gas engine manufacturer based in … Read the full press release

Orange to support Move Capital I fund in its goal of helping digital B2B startups emerge and ensure European technological sovereignty

(PRESS RELEASE) PARIS, 4-Jan-2022 — /EuropaWire/ — Orange S.A. (EPA: ORA), a French multinational telecommunications group, has announced that its holding company Orange Digital Investment will invest in the Move Capital I fund. The fund, a Kepler Cheuvreux Invest “Tech … Read the full press release

Allianz Real Estate forms a new joint venture with VGP, a pan-European player in the high-quality logistics and semi-industrial real estate space

(PRESS RELEASE) PARIS/ MUNICH/ ANTWERPEN, 4-Jan-2022 — /EuropaWire/ — Allianz Group, one of the leading integrated financial services providers worldwide, has announced that Allianz Real Estate, while acting on behalf of several Allianz group companies, has formed a new 50/50 … Read the full press release

Holcim expands in the Pacific Northwest region of the U.S. with the acquisition of Cowden, a leader in ready-mix concrete and aggregates

(PRESS RELEASE) ZUG, 4-Jan-2022 — /EuropaWire/ — Holcim (SWX: HOLN), one of the world’s leading suppliers of cement and aggregates, concrete and related services, has announced it acquired the leader in ready-mix concrete and aggregates across the Pacific Northwest region … Read the full press release

SCHOCK, a Triton Fund V portfolio company, to acquire Polish manufacturer of bathroom and kitchen products Marmorin

(PRESS RELEASE) REGEN, Germany/ WSHOWA, Poland, 4-Jan-2022 — /EuropaWire/ — Triton Partners, a private equity investment firm with focus on medium-sized businesses across Europe, has announced that its Triton Fund V portfolio company, SCHOCK, an innovative manufacturer of quartz composite … Read the full press release

CNH Industrial begins trading on NYSE and Borsa Italiana’s Euronext Milan with stock ticker symbol CNHI

(PRESS RELEASE) LONDON, 3-Jan-2022 — /EuropaWire/ — CNH Industrial (NYSE: CNHI / MI: CNHI), a world-class equipment and services company that sustainably advances the noble work of agriculture and construction workers, has announced that the company has begun officially trading … Read the full press release

EQT VIII and Santo Holdings to acquire the stakes of EQT VI and its co-investors in Danish WS Audiology

EQT VIII and Santo Holdings to acquire EQT VI and its co-investors’ stakes in WS Audiology, the number one global pure play producer of hearing aids WS Audiology is supported by strong, underlying macro trends, such as a growing aging … Read the full press release

Zurich Insurance Group improves its capital utilization across its life back book with the sale of Italian life and pensions back book to Portuguese insurance company GamaLife

Transaction to release approximately USD 1.2 billion of capital and add 11 percentage points to the Group’s Swiss Solvency Test ratio1 Significant reduction in the Group’s exposure to credit risk Zurich will focus on protection and unit-linked solutions in the … Read the full press release

Hydro brings down the capacity of the primary aluminium production at the Slovalco plant in Slovakia due to high electricity prices

The Board of Directors at Hydro’s majority-owned Slovalco primary aluminium plant in Slovakia has decided a further curtailment of primary aluminium production at the plant. (PRESS RELEASE) OSLO, 30-Dec-2021 — /EuropaWire/ — Hydro (OTCMKTS: NHYDY), a Norwegian aluminium and renewable … Read the full press release

EBRD to loan EUR 20 million to Bulgarian copper producer Sofia Med AD

EBRD €20 million loan to Sofia Med Funds to boost the capacity expansion investment Sofia Med to develop and implement a low-carbon strategy (PRESS RELEASE) LONDON, 27-Dec-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral … Read the full press release

EBRD to provide EUR 75 million guarantee to Raiffeisen Bank in Ukraine aimed at supporting micro, small and medium-sized enterprises

EBRD to provide €75 million guarantee to Raiffeisen Bank in Ukraine Innovative mechanism unlocks funding for MSMEs Thirty per cent of the project to finance green technologies (PRESS RELEASE) LONDON, 23-Dec-2021 — /EuropaWire/ — The European Bank for Reconstruction and Development … Read the full press release

Holcim positions itself as a full roofing provider with the purchase of US residential roofing market leader Malarkey Roofing Products

Malarkey is a proven growth engine in the highly profitable and growing US residential roofing market Highly regarded brand with leadership in innovation and sustainability in Holcim’s biggest market Complementary acquisition in roofing systems to achieve USD 4 billion Net … Read the full press release

SUEZ closes the sale of two landfills and five transfer stations in Sydney to Cleanaway Waste Management Limited

(PRESS RELEASE) PARIS, 20-Dec-2021 — /EuropaWire/ — SUEZ Group, a French multinational company with over 160 years of expertise in water and waste management, has announced the completion of the divestment of two landfills and five transfer stations, collectively post … Read the full press release

Low-carbon aluminium: Deeside recycling plant in the UK expands recycling capacity with Hydro investment

(PRESS RELEASE) OSLO, 20-Dec-2021 — /EuropaWire/ — Hydro (OTCMKTS: NHYDY), a Norwegian aluminium and renewable energy company committed to a sustainable future, has announced it will financially support the expansion of its Deeside recycling plant in the UK with an … Read the full press release

Carlos Tavares, CEO of Stellantis and Philippe Brassac, CEO of Crédit Agricole SA comment on the newly formed pan European leader in operational car leasing

(PRESS RELEASE) AMSTERDAM/ MONTROUGE, France, 17-Dec-2021 — /EuropaWire/ — Following the announcement of the creation of a new pan European leader in operational car leasing by Stellantis and Crédit Agricole, Carlos Tavares, CEO of Stellantis, and Philippe Brassac, CEO of … Read the full press release

New pan European leader in operational car leasing established by Stellantis and Crédit Agricole

Crédit Agricole and Stellantis intend to join forces to create a European leader in long-term leasing CA Consumer Finance plans also to launch a panEuropean, multi-brand operator in automotive financing, leasing and mobility (PRESS RELEASE) MONTROUGE, France, 17-Dec-2021 — /EuropaWire/ … Read the full press release

DSM strengthens its alternative protein business strategy with the completion of Vestkorn Milling acquisition

(PRESS RELEASE) HEERLEN, 17-Dec-2021 — /EuropaWire/ — Royal DSM (AMS: DSM), a global science-based company in Nutrition, Health and Sustainable Living, has announced the completion of the acquisition of Vestkorn Milling, a leading European producer of ingredients from peas and … Read the full press release