Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Safran launched new corporate 50 million euros venture capital firm to invest in innovative startups

PARIS, 6-5-2015 — /EuropaWire/ — Safran has launched Safran Corporate Ventures, a new corporate venture capital (CVC) company that will invest in innovative startups. With initial investment capital of about 50 million euros for a period of three years, this … Read the full press release

ArcelorMittal signed a US$6,000,000,000 Revolving Credit Facility to be used for general corporate purposes of ArcelorMittal group

Luxembourg, 5-5-2015 — /EuropaWire/ — On 30 April 2015, ArcelorMittal signed a US$6,000,000,000 Revolving Credit Facility (incorporating 3 and 5 year tranches) (the “Facility”). The Facility will replace the US$2,400,000,000 revolving credit facility agreement dated 6 May 2010 and the … Read the full press release

VINCI and Bouygues Construction joint venture awarded to build Line 3 of the Cairo metro between Haroun and El Nozha stations

Egyptian authorities maintain confidence demonstrated since 1981 Technical innovation – a first worldwide – for a very short delivery deadline Contract worth €264 million Rueil-Malmaison, 4-5-2015 — /EuropaWire/ — The Egyptian authorities have demonstrated renewed confidence in the joint venture … Read the full press release

ThyssenKrupp elevator division Elevator Technology streamlines its structure to enable it to operate even more efficiently on the market in the future

ESSEN, 4-5-2015 — /EuropaWire/ — Elevator Technology, the elevator division of ThyssenKrupp, is streamlining its structure to enable it to operate even more efficiently on the market in the future. The number of its lead regional business units is being … Read the full press release

Höegh LNG Holdings Ltd’s Floating Storage and Regas Unit (FSRU) Höegh Gallant commenced commercial operations under its five years FSRU contract with Egas in Egypt

OSLO, 1-5-2015 — /EuropaWire/ — Höegh LNG Holdings Ltd. (“HLNG” or the “Company”) is pleased to announce that its Floating Storage and Regas Unit (FSRU) Höegh Gallant successfully completed all performance and commissioning tests on 29 April 2015, and has commenced … Read the full press release

Swiss Re reports a strong Group net income of USD 1.4 billion for the first quarter of 2015

Strong Group net income of USD 1.4 billion and ROE of 16.1%, driven by profitability across all Business Units and strong investment results Property & Casualty Reinsurance net income of USD 808 million and ROE of 22.7%, reflecting sound underwriting … Read the full press release

Leadership changes at ICADE

PARIS, 1-5-2015 — /EuropaWire/ — Unanimously appointed Chief Executive Officer by the Board of Directors last 19 March, upon the recommendation of Icade’s Appointments and Remuneration Committee, Mr Olivier Wigniolle is taking up his functions today. He is also appointed member … Read the full press release

Stephen O’Hearn to succeed David Law as Global Insurance Leader at PwC

LONDON, 1-5-2015 — /EuropaWire/ — PwC announces that Stephen O’Hearn will succeed David Law, who retires in June, as Global Insurance Leader. Based in Zurich, Mr. O’Hearn currently leads PwC’s Insurance Practice in Europe, the Middle East and Africa. Prior … Read the full press release

CNH Industrial N.V. brand Iveco Bus chosen to equip the French Ministry of Defence with over 150 coaches

Iveco Bus was chosen by the Union des Groupements d’Achat Public (UGAP), France’s public sector procurement unit to supply the country’s Ministry of Defence with intercity buses. They will be used for the transport of army, air force and navy … Read the full press release

CNH Industrial N.V. honored for Environmental Awareness at the inaugural North American Automotive Supply Chain Awards

One of the world’s leading producers of industrial equipment and commercial vehicles was recognized for its dedication to the environment at the North American Automotive Supply Chain Awards Burr Ridge, Ill., USA, 1-5-2015 — /EuropaWire/ — CNH Industrial N.V. (NYSE: … Read the full press release

Swissport International appointed Katherine Boesen as Senior VP Global Commercial & Key Account Management Ground Handling

Opfikon, Switzerland, 1-5-2015 — /EuropaWire/ — Swissport International, the world’s leading provider of ground handling services to the aviation industry, has appointed Katherine Boesen as Senior Vice President Global Commercial & Key Account Management Ground Handling effective 1 May 2015. … Read the full press release

Anheuser-Busch InBev’s General Shareholders Meeting approves EUR 3.00 dividend payment for 2014

The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market. BRUSSELS, 1-5-2015 — /EuropaWire/ — … Read the full press release

Komerční banka becomes the first bank in Czech Republic to offer SEPA Direct Debit

PRAGUE, 30-4-2015 — /EuropaWire/ — Komerční banka is the first bank in the Czech Republic to offer its clients SEPA Direct Debit to the full extent from 27 April 2015. Komerční banka is the first bank in the Czech Republic to … Read the full press release

Kering: Pierre Bouissou to leave his position as Boucheron President and CEO

PARIS, 30-4-2015 — /EuropaWire/ — Kering announces that Pierre Bouissou will be leaving his position as Boucheron President and CEO, effective 27 April 2015, to follow new professional challenges outside Kering Group. Pierre Bouissou had joined the Kering Group in … Read the full press release

Netia S.A. announces changes in its share capital and acquisition of shares by the managers

WARSAW, 30-4-2015 — /EuropaWire/ — Management Board of Netia S.A. („Netia” or the „Company”) announces that on 28 April 2015 based on the resolution of the Management Board of the National Depository for Securities (Krajowy Depozyt Papierów Wartościowych S.A.) (‘NDS’) … Read the full press release

Outotec’s Board of Directors to issue shares held by the company for payment of the reward of the Share-based Incentive Program 2013-2015 from the 2014 earning period

Directed share issue for payment of year 2014 share-based incentive program ESPOO, 30-4-2015 — /EuropaWire/ — Outotec’s Board of Directors has decided on issuance of shares held by the company for payment of the reward of the Share-based Incentive Program … Read the full press release

pbb Deutsche Pfandbriefbank to support refinancing of Alpha German Property Income Trust’s mix used commercial portfolio in Germany

Munich/London/Guernsey, 30-4-2015 — /EuropaWire/ — pbb Deutsche Pfandbriefbank provides a € 91 million senior loan for Alpha German Property Income Trust, a fund managed by Alpha Real Capital LLP, to support the refinancing of a mix used commercial portfolio in … Read the full press release

Deutsche Börse released details of its growth companies funding programme, “Deutsche Börse Venture Network”

Frankfurt am Main, 29-4-2015 — /EuropaWire/ — Deutsche Börse today published details of its growth companies funding programme, “Deutsche Börse Venture Network”. The aim of the programme is to bring together businesses and investors to make an effective improvement in the … Read the full press release

Alcatel-Lucent signs agreement in Algeria for the deployment of over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain

Spanning more than 560 km, Orval will link Algeria to Spain address increasing demand for high-speed, high-quality broadband connectivity PARIS, 29-4-2015 — /EuropaWire/ — Alcatel-Lucent (Euronext Paris and NYSE: ALU) and the Algerian Ministry of Post, Information Technology and Communications, have signed … Read the full press release

EY and AVCA: private equity exits in Africa reach eight-year high in 2014

Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity should continue as more companies enter the period where an exit becomes increasingly imperative, according to data from EY and the African Private Equity and … Read the full press release