Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Generali appoints Isabelle Conner as the new Group Chief Marketing Officer

Trieste, Italy, 26-5-2014 — /EuropaWire/ — Generali announces the appointment of Isabelle Conner as the new Group Chief Marketing Officer. Mrs. Conner is responsible for developing and coordinating the Generali brand and the customer relationship management strategy across the Group. Mario Greco, … Read the full press release

Porsche Financial Services, Inc. issues new ABS bond in the USA worth approximately 490 million US dollars

Once again, high investor demand in refinancing Stuttgart, 23-5-2014 — /EuropaWire/ — Porsche Financial Services, Inc. headquartered in Atlanta, Georgia, has issued a new ABS bond in the USA worth approximately 490 million US dollars. Porsche Financial Services is an indirect, wholly … Read the full press release

Royal Dutch Shell plc sells its 100 percent interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez Energy Corporation

The Hague, Netherlands, 23-5-2014 — /EuropaWire/ — Royal Dutch Shell plc (“Shell”) announced today it has agreed to sell its 100 percent working interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to Sanchez Energy Corporation for … Read the full press release

Royal Dutch Shell plc cancels its Scrip Dividend Programme with effect from the second quarter 2014 Interim Dividend onwards

The Hague, Netherlands, 23-5-2014 — /EuropaWire/ — Royal Dutch Shell plc (“Shell”) announces the cancellation of its Scrip Dividend Programme (“the Programme”) with effect from the second quarter 2014 Interim Dividend onwards. The cancellation means that the second quarter 2014 Interim Dividend … Read the full press release

Deutsche Bank AG placed undated Additional Tier 1 Notes with an equivalent value of Euro 3.5 billion

Frankfurt am Main, 23-5-2014 — /EuropaWire/ — Today (May 20, 2014), Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) placed undated Additional Tier 1 Notes with an equivalent value of Euro 3.5 billion. The offering consisted of three tranches: EUR 1.75 billion … Read the full press release

Eni announced it successfully appraised the Agulha discovery located in Area 4 offshore Mozambique

The Agulha 2 well, which is the twelfth well successfully drilled in Area 4, proved about 25 meters of gas column in good quality Paleocene reservoir sandstones and confirmed the southern extension of the field. San Donato Milanese, Milan, 23-5-2014 — /EuropaWire/ … Read the full press release

Gazprom CEO Alexey Miller and Eni CEO Claudio Descalzi signed agreement to revise the terms of gas supply contracts

The agreement involves a reduction in supply prices and an important change in the price indexation to fully align it with the market. In addition, in 2014 Eni’s ability to recover gas pre-paid under “take or pay” clauses will be … Read the full press release

Repsol finaliza la venta de sus activos en Argentina por 6.309 millones de dólares

MADRID, 23-5-2014 — /EuropaWire/ — Repsol ha finalizado el proceso de desinversión de sus activos en Argentina con la venta a JP Morgan Securities de los títulos BODEN 2015 que aún mantenía, por valor nominal de 117,36 millones de dólares, y … Read the full press release

EIB invested an unprecedented EUR 1.37bn in France between 12 and 16 May to support employment, social cohesion and economic development

Luxembourg, 22-5-2014 — /EuropaWire/ — The EIB invested an unprecedented EUR 1.37bn in France between 12 and 16 May. Projects supported include the refurbishment of schools, investment in France’s small businesses, a motorway and sustainable public transport initiatives. These will all contribute … Read the full press release

Rolls-Royce to modernise Fortum’s Loviisa Nuclear Power Plant automation

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum has signed an agreement with Rolls-Royce about the modernisation of automation at its Loviisa nuclear power plant in Finland. The parties have agreed not to disclose the value of the agreement. The modernisation will be carried … Read the full press release

Fortum and Areva-Siemens Consortium agreed to discontinue the current automation modernisation project agreement at Loviisa nuclear power plant in Finland

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum and Areva-Siemens Consortium have agreed on discontinuation of the current automation modernisation project agreement. Areva-Siemens Consortium will complete the ongoing agreed and resized work in cooperation with Fortum. Fortum is convinced that a new solution to continue the … Read the full press release

Gazprom to supply 38 billion cubic meters of Russian gas annually to China

Moscow, Russia,  21-5-2014 — /EuropaWire/ — Alexey Miller, Chairman of the Company’s Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC) signed today a contract to supply pipeline gas from Russia to China via the eastern route. The parties signed the document in the presence of Russian President … Read the full press release

Comlux The Aviation Group becomes the first Airbus ACJ319 customer for an in-service retrofit of Sharklets

Sharklets save fuel and enhance appearance Blagnac,  21-5-2014 — /EuropaWire/ — Comlux The Aviation Group has become the first Airbus ACJ319 customer for an in-service retrofit of Sharklets, upswept fins attached to the wingtips that save about 4 per cent in fuel … Read the full press release

Lemminkäinen agreed on amended terms of its EUR 185 million credit facility with the lenders

LEMMINKÄINEN HAS AGREED ON AMENDED TERMS OF ITS CREDIT FACILITY AND CONTINUES MEASURES TO STRENGHTEN THE BALANCE SHEET Helsinki, Finland,  21-5-2014 — /EuropaWire/ — Lemminkäinen Corporation agreed on a three-year unsecured syndicated revolving credit facility of EUR 185 million in March 2013. The … Read the full press release

MYTILINEOS Group announced net profit up 36.5% in their financial results for the 1st Quarter of 2014

Maroussi, Greece, 21-5-2014 — /EuropaWire/ — 2014-Q1 Highlights: Operational profitability (EBITDA) up 28%. Net profit up 36.5%. Generation of strong cash flows and improvement of the Group’s credit profile. Net borrowing further reduced to €436.9 million, down from €509.7 million in 2013 and … Read the full press release

Novartis signed licensing agreement with Ophthotech Corporation to market Fovista® outside the United States

Novartis acquires exclusive ex-US rights to Fovista from Ophthotech; upfront payment of USD 200 million plus potential future recruitment and other milestone payments; additionally Ophthotech to receive royalties on ex-US Fovista sales Fovista is the most advanced anti-PDGF technology in … Read the full press release

SAP shareholders approved the conversion of legal form to a European stock corporation (Societas Europaea, SE)

Annual General Meeting of Shareholders 2014 Mannheim, Germany,  21-5-2014 — /EuropaWire/ — The Annual General Meeting of Shareholders of SAP AG today approved all management proposals for the agenda items. With more than 99% of the votes, the shareholders approved the conversion … Read the full press release

Maris Interiors LLP completes office relocation and fit-out project for ICSA

Maris Interiors LLP have just completed an office relocation and fit-out project on behalf of the ICSA.  LONDON, 21-5-2014 — /EuropaWire/ — ICSA is the chartered membership and qualifying body for people working in governance, risk and compliance, including company secretaries. … Read the full press release

RTL Hrvatska names Henning Tewes CEO

Ivan Lovrecek promoted to Deputy CEO Ten years after the launch of RTL Televizija, RTL Group now operates a family of three free-TV channels in Croatia Luxembourg/Zagreb,  20-5-2014 — /EuropaWire/ — RTL Group, the leading European entertainment network, today announced the appointment … Read the full press release

VB-Leasing International (VBLI) verkauft Landesgesellschaften in Polen und Rumänien an die polnische Getin Holding

Eschborn, Deutschland, 20-5-2014 — /EuropaWire/ — Das Joint Venture der Österreichischen Volksbanken-AG (ÖVAG) und der deutschen VR-LEASING Aktiengesellschaft verkauft die VB Leasing Polen sowie die VB Leasing Rumänien an die polnische Getin Holding S.A. Der entsprechende Vertrag wurde heute unterzeichnet. Mit dem … Read the full press release