Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Zurich Insurance Group’s Chairman Josef Ackermann announced resignation

Zurich, 03-9-2013 — /EuropaWire/ — Zurich Insurance Group (Zurich) announces that the Chairman, Josef Ackermann, has informed the Board of Directors that he is resigning from all his functions as a Board member with immediate effect. The Board of Directors respects and … Read the full press release

Vodafone sold its 45% stake in Verizon Wireless to Verizon Communications Inc for £84B ($130B) in deal representing 9.4x EV / LTM EBITDA and 13.2x EV / LTM OpFCF

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION US$84 BILLION EXPECTED RETURN TO SHAREHOLDERS £6 BILLION … Read the full press release

The European Stability Mechanism to launch its inaugural long-term bond issue in October, 2013

Luxembourg, 02-9-2013 — /EuropaWire/ — The European Stability Mechanism (ESM) will launch its inaugural long-term bond issue in October, subject to market conditions. Investor marketing activities are currently being held in preparation for this inaugural bond. The ESM successfully started its bill … Read the full press release

Pernod Ricard reports solid performance in 2012/13 during less favourable macro-economic environment

02-9-2013 — /EuropaWire/ — In 2012/13, Pernod Ricard delivered asolid performance within, as anticipated, a less favourable environment than in 2011/12: Organic growth in profit from recurring operations was 6%(1), in line with the stated guidance. Emerging markets(2) maintained double-digit growth(1) (+10%) despite a slowdown in the … Read the full press release

The EXOR Group reports €1,671.8 million consolidated profit in 1st Half 2013 Results

Turin, Italy, 02-9-2013 — /EuropaWire/ — The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for first half of 2013. At June 30, 2013 EXOR’s Net Asset Value (NAV) is €8,533 million. This … Read the full press release

Vodafone confirms discussions with Verizon Communications Inc. regarding the disposal of Vodafone’s US group for $130 billion

02-9-2013 — /EuropaWire/ — Vodafone confirms that it is in advanced discussions with Verizon Communications Inc. regarding the disposal of Vodafone’s US group whose principal asset is its 45% interest in Verizon Wireless for US$130 billion. The consideration would substantially comprise a … Read the full press release

Prudential research finds one in four retired UK homeowners hope to raise £62,000 by moving into a smaller home

• One in four retired homeowners hope to raise £62,000 by moving into a smaller home • Convenience, raising money and cutting bills are the top three reasons for downsizing 02-9-2013 — /EuropaWire/ — Nearly three quarters (73 per cent) of the … Read the full press release

The European Central Bank to double share of women in management by end of 2019

02-9-2013 — /EuropaWire/ — The Executive Board of the European Central Bank (ECB) has decided to introduce gender targets with the aim of doubling the share of women in management. By end of 2019, 35% of middle management positions (Heads of Division, … Read the full press release

László Baranyay appointed Member of the Management Committee at EIB

02-9-2013 — /EuropaWire/ — On the basis of a nomination from Hungary, by common accord with the Republic of Bulgaria, the Czech Republic, the Republic of Croatia, the Republic of Cyprus, the Republic of Malta, the Republic of Poland, the Republic of … Read the full press release

Prudential plc Disclosure of Effective Date of Board Change

02-9-2013 — /EuropaWire/ — The Board of Prudential plc is pleased to confirm that the appointment of Jackie Hunt as an executive director and Chief Executive, Prudential UK & Europe, will be effective from 5 September 2013. Rob Devey will stand down … Read the full press release

Leading Turkish producer of clothing fabrics and yarn Kivanc Tekstil received €3.7M loan from EBRD

02-9-2013 — /EuropaWire/ — The European Bank for Reconstruction and Development continues to boost Turkey’s Anatolian regions, making a €3.7 million loan to Kivanc Tekstil, a leading producer of clothing fabrics and yarn based in Adana. Kivanc Tekstil, 100 per cent owned and … Read the full press release

United Internet AG agreed with Arsys Internet S.L. owners, Carlyle Group and Mercapital for the acquisition of Spanish webhosting and cloud specialist Arsys

Montabaur, 02-9-2013 — /EuropaWire/ — United Internet AG continues to drive the internationalization of its webhosting and cloud computing business. As the company announced today, United Internet has agreed a deal with the owners of Arsys Internet S.L. (C\Chile 54, 26007 Logroño, Spain), … Read the full press release

Deutsche Telekom AG and United Internet AG launch secure e-mail communication in compliance with German data privacy laws

Automatic encryption of data over all transmission paths Secure data storage in Germany as a reputable location Designation of secure e-mail addresses 02-9-2013 — /EuropaWire/ — Deutsche Telekom and United Internet have launched an initiative within the industry for secure e-mail communication … Read the full press release

New BASF foam made of expanded thermoplastic polyurethane revolutionizes adidas running shoe

New BASF foam Infinergy™ revolutionizes adidas running shoe 02-9-2013 — /EuropaWire/ — The world is on the move. To keep physically fit, more and more people jog for miles, across fields and along roadways. You can go running just about anywhere. All … Read the full press release

New methodology reveals Aviva’s carbon offset programme has positively impacted the lives of more than 200,000 people

30-8-2013 — /EuropaWire/ — Aviva, the UK’s largest insurer and one of Europe’s leading providers of life and general insurance partnered with climate and development experts ClimateCare, to develop a new way to measure and report the full impact of offsetting Aviva’s … Read the full press release

Aviva to redeem €650m Fixed/Floating Rate Subordinated Notes on 2 October 2013

30-8-2013 — /EuropaWire/ — Aviva plc (the “Issuer”) wishes to announce that notification has been given to the holders of €650m Fixed/Floating Rate Subordinated Notes due 2023 (ISIN: XS0177448015) (the “Notes”) that it shall redeem the Notes in full on 2 October … Read the full press release

Lloyds Banking Group’s UK wide apprenticeship programme to create further 30 new apprenticeships in Wales

30-8-2013 — /EuropaWire/ — Bringing the total Welsh Apprenticeship numbers to 120, Lloyds Banking Group is to create a further 30 new apprenticeships in Wales as part of its UK wide apprenticeship programme. Working with JobcentrePlus, who will host a Road Show … Read the full press release

Enel Green Power wins auction for three energy supply contracts with wind projects located in the Brazilian state of Bahia

Enel Green Power has been awarded three energy supply contracts with wind projects located in the Brazilian state of Bahia. These projects will add a further 88 MW to the 313 MW of wind projects Enel Green Power obtained in … Read the full press release

Euro Area Business Climate Indicator rose in August 2013 for fourth successive month

30-8-2013 — /EuropaWire/ — In August 2013, the Business Climate Indicator (BCI) for the euro area rose for the fourth successive month. It increased markedly by 0.31 points to ‑0.21. The assessment of past production, the level of overall order books and production expectations improved sharply. Also the … Read the full press release