Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Total now the second-largest operator in the North Sea with an output of 500,000 boe/d by 2020

PARIS, 09-Mar-2018 — /EuropaWire/ — Total announces the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the OECD … Read the full press release

SME business climate dipped slightly in February but remains on a high level – KfW-ifo SME Barometer

SME business climate drops moderately as expectations decline But SMEs still rate their current situation better than ever Large enterprises are clearly less optimistic Growth rate is on the way back to normality Frankfurt am Main, 09-Mar-2018 — /EuropaWire/ — After … Read the full press release

Jasmin Staiblin proposed for election to the Board of Directors of Zurich Insurance Group on the Annual General Meeting on April 4, 2018

Zurich Insurance Group (Zurich) announced today that the Board of Directors will propose to shareholders to elect Jasmin Staiblin to the Board for a one year term of office. The election will take place at the Annual General Meeting on … Read the full press release

Deutsche Post DHL Group reports its profit climbed by 7.2% to EUR 3.74 billion in the 2017 financial year

EBIT increases by 7.2% to EUR 3.74 billion Group revenue up by 5.4% to EUR 60.4 billion Dividend increase to EUR 1.15 per share proposed Forecast for 2018: EBIT set to increase to about EUR 4.15 billion, EBIT target for … Read the full press release

Siemens filed patent applications in Europe for 2,220 inventions in fiscal 2017; more than any other German company

Second place in the European Patent Office’s application rankings for 2017 About 19 percent more applications filed in Europe than in the prior year 7,450 inventions worldwide in fiscal 2017 – 34 inventions per day MUNICH, 07-Mar-2018 — /EuropaWire/ — … Read the full press release

ArcelorMittal welcomes Aditya Mittal as President

LUXEMBOURG, 06-Mar-2018 — /EuropaWire/ — ArcelorMittal announces that Aditya Mittal, Group CFO and CEO of ArcelorMittal Europe, has been appointed as President, ArcelorMittal, in addition to his current responsibilities. This nomination reflects the increasing global strategic role Aditya has across … Read the full press release

AXA to acquire 100% of XL Group Ltd, global Property & Casualty commercial lines insurer and reinsurer

A major leap forward in AXA’s strategic journey Creating the leading global P&C Commercial lines player across all lines Strong complementarities expected to fuel future earnings growth and value creation Effective use of proceeds from the planned US IPO and intended subsequent sell-downs, at Ambition 2020 targets reaffirmed … Read the full press release

Ubisoft to acquire video game development studio Blue Mammoth Games

PARIS, 05-Mar-2018 — /EuropaWire/ — Today, Ubisoft announced the acquisition of the video game development studio Blue Mammoth Games. With the acquisition, Ubisoft adds Brawlhalla, currently the most played fighting game on Steam, to its portfolio and bolsters its online expertise. … Read the full press release

SAS ranked #19 on “Best Workplaces Ireland 2018” list

MARLOW, UK, 02-Mar-2018 — /EuropaWire/ — SAS is among the top employers on the Great Place to Work® Institute’s prestigious “Best Workplaces Ireland 2018” list of companies with fewer than 100 employees. The analytics leader was listed at #19 after finishing 22nd … Read the full press release

Colin Smith to succeed Alan Begg as board director at NV Bekaert SA

The Board of Directors of NV Bekaert SA is proud to announce the nomination of Mr Colin Smith for appointment by the Annual General Meeting of Shareholders of 9 May 2018. He will replace Mr Alan Begg whose term of … Read the full press release

BookingPal étend ses activités en France à mesure que les opérations européennes grandissent

BookingPal a annoncé l’ouverture de son premier bureau en France, élargissant ainsi sa présence sur l’un des plus grands marchés de location de vacances en Europe. PARIS, 01-Mar-2018 — /EuropaWire/ — En tant que l’un des plus grands réseaux de … Read the full press release

Schuster Manfred Hubert agrees with future oil predictions

Oil and Energy BEIJING, China, 01-Mar-2018 — /EuropaWire/ — Crude oil prices will average $60/b in 2018 and $61/b in 2019. That’s an increase from last month’s Short-Term Energy Outlook by the U.S. Energy Information Administration. In January 2018, oil prices briefly hit $70/b. In … Read the full press release

Enea AB to acquire Openwave Mobility for USD 90 million

Kista, Sweden, 28-Feb-2018 — /EuropaWire/ — Enea AB (publ) (“Enea”) has signed an agreement to acquire Openwave Mobility, a company offering the industry’s most scalable NFV platform with solutions to mobile operators. Openwave Mobility has a leading position in traffic management … Read the full press release

Ricoh announces new ink technology for its Ricoh Pro VC60000 continuous feed inkjet printing platform

LONDON, 27-Feb-2018 — /EuropaWire/ — Ricoh Europe is announcing another step in its journey to be the most innovative inkjet printing company in the world.  Knowing that production printing businesses are continuing to ask more from digital print vendors, especially for inkjet … Read the full press release

Nokia to acquire software company specialized in solving complex wireless networking problems

Unium expertise and IPR will bring field-proven mesh Wi-Fi technology to enhance Nokia’s end-to-end solution for whole-home Wi-Fi Unium’s intelligent mesh technology delivers industry-leading, carrier-grade Wi-Fi performance, coverage and resilience, resulting in an unsurpassed gigabit home experience Planned purchase of … Read the full press release

Sanofi: the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sanofi’s acquisition of Bioverativ has expired

PARIS, 26-Feb-2018 — /EuropaWire/ — Sanofi announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), applicable to Sanofi’s proposed acquisition of Bioverativ Inc. (“Bioverativ”, NASDAQ: BIVV) has expired. On February 7, … Read the full press release

Equistone Partners Europe to sell shareholding in automobile supplier E. WINKEMANN to Cathay Capital MidCap Fund

LONDON, 23-Feb-2018 — /EuropaWire/ — Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity investors, has agreed to sell a shareholding in the Plettenberg-based automobile supplier E. WINKEMANN (“the company”). Cathay Capital MidCap Fund, advised by Cathay Capital … Read the full press release

Groupe BPCE to divest 100% of Banque des Mascareignes to Groupe Banque Centrale Populaire and Groupe Sipromad

PARIS, 23-Feb-2018 — /EuropaWire/ — Groupe BPCE announces the signature of an agreement providing for the divestment of 100% of Banque des Mascareignes to Groupe Banque Centrale Populaire and Groupe Sipromad. The agreement concerns the divestment by BPCE International of Banque … Read the full press release

Infineon Technologies AG Annual General Meeting approves a dividend payment of €0.25 per share; 14 percent increase YoY

MUNICH, 23-Feb-2018 — /EuropaWire/ — At the 18th Annual General Meeting, the shareholders of Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) accepted the proposal for the appropriation of net profit made by the Management Board and Supervisory Board: they … Read the full press release

Zalando Lounge plant gemeinsam mit Projektentwickler Hillwood den Bau eines 130.000 Quadratmeter großen Logistikzentrums in Olsztynek

BERLIN, 22-Feb-2018 — /EuropaWire/ — Zalando Lounge, der erfolgreiche Shopping-Club von Zalando, plant gemeinsam mit Projektentwickler Hillwood den Bau eines 130.000 Quadratmeter großen Logistikzentrums. Mit dem neuen Standort wird die Zalando Lounge ihre Logistikkapazitäten erhöhen und operative Prozesse noch flexibler gestalten. … Read the full press release