Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Fortum to develop additional services and products for sustainable city solutions with the acquisition of Swedish IT company Info24

ESPOO, 12-Apr-2016 — /EuropaWire/ — Fortum has acquired the Swedish IT company Info24, a company specialised in the development of business solutions within the IoT, Internet of Things. The parties have agreed that they will not disclose the transaction price. Fortum and Info24 … Read the full press release

ArcelorMittal invites holders of the 4.625% Notes due 2017 and 4.50% Notes due 2018 to submit offers to sell them to the Company for cash

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE … Read the full press release

Sharper deterioration in business conditions in Scotland’s private sector – Bank of Scotland PMI

EDINBURGH, 12-Apr-2016 — /EuropaWire/ — March survey data pointed to a sharper deterioration in business conditions in Scotland’s private sector. Output declined and staffing levels continued to decrease, while the volume of incoming new business fell for the second successive month, … Read the full press release

Allianz SE sells Allianz Life Insurance Korea and Allianz Global Investors Korea to Anbang Insurance Group

Anbang Insurance Group, a global insurance group headquartered in Beijing, China, and Allianz SE, an international financial services company headquartered in Munich, Germany, jointly announced in South Korea the signing of a sale and purchase agreement by which Allianz Group … Read the full press release

Glencore partners with Canada Pension Plan Investment Board for the sale of 40% equity interest in Glencore Agricultural Products

Baar, Switzerland, 11-Apr-2016 — /EuropaWire/ — Glencore plc (“Glencore”) is pleased to announce that it has entered into a definitive agreement with Canada Pension Plan Investment Board (“CPPIB”) for the purchase by a wholly owned subsidiary of CPPIB of a 40% … Read the full press release

Hiab and its longstanding dealer in Israel expand their customer service centre to over 10,000 square metres

Malmö, Sweden, 06-Apr-2016 — /EuropaWire/ — Hiab, part of Cargotec, and Hydco Givati, one of the leading specialists in truck-mounted hydraulic lifting and transportation equipment, based in Gan-Yavne in Israel, have been working closely together for ten years now. Hydco Givati, … Read the full press release

L’Oréal announces management changes

Clichy, 01-Apr-2016 — /EuropaWire/ — Alexandre Popoff, General Manager of the Eastern Europe zone, will also head the Africa-Middle East zone as of June 1st. He will take over from Geoff Skingsley, General Manager of Africa-Middle East zone, who will be … Read the full press release

DSM to increase price for Akulon® and Novamid® polyamide 6 polymers in the Americas

SINGAPORE, 31-Mar-2016 — /EuropaWire/ — As a result of increasing raw material prices DSM will increase the price for its Akulon® and Novamid® polyamide 6 polymers. DSM will increase prices by $0.05/lb in North and South America. This increase will take … Read the full press release

University of Bristol research shows advantages of having women in prominent board positions

BRISTOL, 31-Mar-2016 — /EuropaWire/ — Women in prominent board positions could help organisations improve corporate social performance, new research claims. Professor Sheila Ellwood, from the University of Bristol’s Department of Accounting and Finance, studied the influence of women on the boards of … Read the full press release

PiceaEraser made available to 5.000 Mobicode customers in UK

Tampere, Finland, 31-Mar-2016 — /EuropaWire/ — Piceasoft and UK based Mobicode have signed a technology licensing agreement to integrate unique PiceaVolumeEraser™ as a part of Mobicode retail ‘ecosystem’. Mobicode considers PiceaEraser™ the best erasure tool in the market for their … Read the full press release

Panoptic Media Marketing Inc acquires GreatCircle Studios

North American expansion for leading digital marketing specialists Brooksville, FL, United States, 30-Mar-2016 — /EuropaWire/ — Panoptic Media Marketing Inc today announced that it has formally acquired GreatCircle Studios, a regional leader in SEO, Web Design and Web Concierge Services. … Read the full press release

SGS: U.S. Consumer Product Safety Commission (CPSC) approved final rule for portable hook-on chairs

NEWARK, NJ, 23-Mar-2016 — /EuropaWire/ — On 8 March, 2016 the U.S. Consumer Product Safety Commission (CPSC) unanimously voted (5 to 0) to approve the final rule for portable hook-on chairs. [1] The draft final rule would establish a mandatory federal safety standard (16 CFR … Read the full press release

Terna’s CEO Matteo Del Fante: 2015 results confirm the trend of solid growth of the Terna Group

Revenues at 2,082.1 million euro (+4.3%) EBITDA at 1,539.2 million euro (+3.2%) Group’s Net Income at 595.5 million euro (+9.4%) ROME, 23-Mar-2016 — /EuropaWire/ — Proposed dividend for 2015 of 20 euro cents per share (of which 7 cents already paid … Read the full press release

OTTO reports 10 percent increase of revenues for 2015/16

HAMBURG, 22-Mar-2016 — /EuropaWire/ — The single company OTTO further increased its growth rate in the financial year now closed, with revenues climbing by some ten percent to reach an overall 2.561 billion euros for 2015/16. The online retailer reports overproportional … Read the full press release

MAYKOR-GMCS partners with SOFTPOINT to offer full range of developer’s solutions in Russia and the CIS countries

MAYKOR-GMCS has become a partner of SOFTPOINT, a Russian software developer of solutions increasing productivity, scalability and resiliency of information systems. MOSCOW, 17-Mar-2016 — /EuropaWire/ — MAYKOR-GMCS will use SOFTPOINT solutions for monitoring and performance management of IT systems as part … Read the full press release

Salzgitter AG presents at three trade shows in April 2016

Salzgitter, Germany, 16-Mar-2016 — /EuropaWire/ — In April 2016, Salzgitter AG will be on location at three important trade fair dates in a row. The Group is appearing with its subsidiaries at the TUBE event in Düsseldorf, the BAUMA trade fair … Read the full press release

Lloyd’s Register: New Risk-based Inspection (RBI) service to help minimise costs for operators of floating offshore installations (FOIs)

LONDON, 14-Mar-2016 — /EuropaWire/ — Our new Risk-based Inspection (RBI) service combines hull integrity management with Class to help minimise costs for operators of floating offshore installations (FOIs) Initiative will help optimise inspection regimes and provide added value to Class by … Read the full press release

RWE Group: Net debt down almost one-fifth to €25.1 billion in FY 2015

Net debt down almost one fifth Result for Renewables Division more than doubles Conventional power generation still under pressure Lower result expected for 2016 Proposal to suspend dividend for holders of common shares a hard but necessary measure ESSEN, 11-Mar-2016 … Read the full press release

Schroder Real Estate acquired the “Victoriastadt Lofts” office building in Berlin on behalf of joint-venture between Immobilien Europa Direkt and Ilmarinen

LONDON, 10-Mar-2016 — /EuropaWire/ — Schroder Real Estate has acquired the “Victoriastadt Lofts” office building in Berlin on behalf of a joint-venture between Immobilien Europa Direkt (IED), an investment vehicle of Zurich Investment Foundation managed by Schroders, and the Finnish pension … Read the full press release

Schroders to launch its first liquid distressed fund, Schroder GAIA II NGA Turnaround

LONDON, 10-Mar-2016 — /EuropaWire/ — Schroders is pleased to announce the launch of Schroder GAIA[1] II NGA Turnaround, Schroders’ first liquid distressed fund and the first fund to launch on the GAIA II platform. The fund will be externally managed by … Read the full press release