Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Bekaert’s formerly wholly-owned subsidiary in Sumaré (Brazil) integrated into BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership

Kortrijk, Belgium, 22-Jun-2017 — /EuropaWire/ — Bekaert and ArcelorMittal have closed the transaction to integrate Bekaert’s formerly wholly-owned subsidiary in Sumaré (Brazil) into the BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership. In line with the shareholding structure of the … Read the full press release

Private jet MRO industry: new generation aircraft, cabin modifications the hot topics in 1H 2017

VILNIUS, 22-Jun-2017 — /EuropaWire/ — With half of the year 2017 almost gone, experts in the private jet MRO industry tend to look back at the trends that developed through the year. This year, new generation aircraft as well as cabin … Read the full press release

Stora Enso shuts down its paper machine 8 (PM8) at Kvarnsveden Mill in Sweden

HELSINKI, 22-Jun-2017 — /EuropaWire/ — In February 2017, Stora Enso announced that it planned to permanently shut down paper machine 8 (PM8) at Kvarnsveden Mill in Sweden due to structural weakening of magazine paper demand in Europe. Co-determination negotiations with employees … Read the full press release

Amey Investments Managing Director Asif Ghafoor joins the Executive team

OXFORD, 20-Jun-2017 — /EuropaWire/ — Leading public service provider Amey today announced that Investments Managing Director Asif Ghafoor is joining the Executive team. Asif joined Amey in 2006 as Finance and Commercial Director, and since then has developed its investments … Read the full press release

Safran Shareholders Approve Dividend Payment of €1.52 At 2017 General Meeting

PARIS, 19-Jun-2017 — /EuropaWire/ — The combined Annual General Meeting of Shareholders of Safran (Euronext Paris: SAF) met today at the Grande Arche, Paris La Défense , under the chairmanship of Ross McInnes, Chairman of the Board of Safran. The … Read the full press release

Virgin Media Business: the ultrafast Voom Fibre connectivity now availble in Sheffield and Leeds

Ultrafast Voom Fibre connectivity for hundreds of businesses in Sheffield and Leeds HOOK, 16-Jun-2017 — /EuropaWire/ — Virgin Media Business today announced it is powering up hundreds of businesses in Sheffield and Leeds by bringing its ultrafast Voom Fibre connectivity, which … Read the full press release

Q&A teleconference with Outotec CEO Markku Teräsvasara on Thursday, June 22, 2017

ESPOO, 15-Jun-2017 — /EuropaWire/ — The Q&A teleconference with CEO Markku Teräsvasara will be held on Thursday, June 22, 2017 at 1:00 PM (Finnish time). JOINING THE TELECONFERENCE AND PRESENTING QUESTIONS Dial in 5-10 minutes prior to the start time using … Read the full press release

Roland Berger study: energy storage set to become a critical element of the energy system

Roland Berger study demonstrates the need for energy storage systems to ensure reliable power supplies from renewable energy sources Dramatic increase in storage capacity anticipated: Total storage costs will fall substantially by 2030 Companies should try out new business models … Read the full press release

EY report on mining and metals companies: Does cutting debt have to mean reducing your ambitions?

Top 50 miners reduce debt by 25% since 2014; and by 17% year-on-year in 2016 Debt-to-equity ratio down to 34% among leading mining companies Caution over balance sheet management could risk compromising future returns LONDON, 15-Jun-2017 — /EuropaWire/ — Global mining … Read the full press release

EY to expand the use of drones in inventory observations as part of its digital audit capabilities

EY to use pioneering industry software to improve inventory counts Artificial Intelligence (AI) to be built into the drones to extend capability Information to feed directly into EY Canvas, the EY Assurance global audit digital platform LONDON, 15-Jun-2017 — /EuropaWire/ … Read the full press release

British Gas Business Survey: Political uncertainty and difficulties gaining boardroom approval major barriers to making energy investments

Nearly half of large energy users (48%) believe political and regulatory uncertainty will hinder energy technology investment More than a third (35%) are struggling to convince leadership team to let them invest in new energy technology. The majority (56%) state … Read the full press release

Airbus Global Market Forecast 2017-2036: 34,170 passenger and 730 freighter aircraft worth a combined total of US$5.3 trillion will be needed

Additional need for 530,000 pilots and 550,000 technicians with services set to grow TOULOUSE, 09-Jun-2017 — /EuropaWire/ — The world’s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 planes … Read the full press release

G4S completes sale of its UK children’s homes business ‘homes2inspire’ to the Prospects Group for £11.4 million

G4S, the leading global security company, announces that it has completed the sale of its UK children’s homes business ‘homes2inspire’. LONDON, 08-Jun-2017 — /EuropaWire/ — G4S, the leading global security company, announces that it has completed the sale of its UK children’s … Read the full press release

District Court of Maribor registers the merger by acquisition of KBS banka by Nova KBM

Maribor, Slovenia, 05-Jun-2017 — /EuropaWire/ — Today, the District Court of Maribor issued a decision on entering into the court register the merger by acquisition of KBS banka by Nova KBM. Consequently, KBS banka ceased to exist as an independent legal … Read the full press release

K+S completes 30% share purchase of Al Biariq for Fertilizer Plant Co., Ltd in Saudi Arabia

KASSEL, 05-Jun-2017 — /EuropaWire/ — Today (1 June 2017), K+S successfully completed the 30% share purchase of Al Biariq for Fertilizer Plant Co., Ltd (Al Biariq) in Saudi Arabia announced on December 19, 2016. With this purchase, K+S intends to participate in … Read the full press release

Airbus COO Fabrice Brégier and Chairman of NDRC of China sign MoU on aviation and aerospace

Memorandum of Understanding signals new chapter in partnership BERLIN, 02-Jun-2017 — /EuropaWire/ — Airbus and China have signed a Memorandum of Understanding (MoU) on aviation and aerospace, further enhancing a spirit of cooperation. The MoU was signed in Berlin by Fabrice … Read the full press release

Shell completes sale of all its in-situ and undeveloped oil sands interests in Canada

Calgary, Canada, 01-Jun-2017 — /EuropaWire/ — Royal Dutch Shell plc today announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (“Shell”) that will see Shell sell all its in-situ and undeveloped … Read the full press release

Shell completes sale of its Australian aviation business to Viva Energy Australia for approximately US$ 250 million

THE HAGUE, 01-Jun-2017 — /EuropaWire/ — Following regulatory approval, Shell has completed the sale of its Australian aviation business (“Shell Aviation Australia Pty Ltd”) to Viva Energy Australia Pty Ltd (“Viva Energy”) for a total transaction value of approximately US$ 250 … Read the full press release

Tikehau IM finances Portobello Capital’s acquisition of Centauro Rent a Car

MADRID, 31-May-2017 — /EuropaWire/ — Tikehau IM, a leading pan European asset manager and subsidiary of Tikehau Capital, today announced its fourth debt financing transaction in Spain with the arrangement of a Unitranche in support of Portobello Capital’s acquisition of Centauro … Read the full press release

Symrise AG acquires largest fruit and vegetable juices supplier in Great Britain Cobell Limited

Cobell as number one supplier for juices in Great Britain ideally complements Symrise’s activities Symrise to increase customer proximity in the British beverage market segment Cobell and Symrise to become the leading single source for beverage ingredients and formulations Holzminden, … Read the full press release