Category Archives: Business

Business Press Releases & News distributed via EuropaWire

INEOS to acquire BASF’s 50% share in their joint venture Styrolution for €1.1 billion

Rolle, Switzerland and Ludwigshafen, Germany, 30-6-2014 — /EuropaWire/ — INEOS will acquire BASF’s 50% share in Styrolution, a joint venture between the companies. The purchase price to be paid by INEOS amounts to €1.1 billion. A call option in favor of INEOS … Read the full press release

Siemens and C40 Cities Climate Leadership Group announced 31 finalist projects from 26 cities competing in 10 categories for the 2014 City Climate Leadership Awards

31 finalist projects identified in ten categories Global prize competition highlights excellence in environmentally impactful city projects London/New York, 30-6-2014 — /EuropaWire/ — Siemens and the C40 Cities Climate Leadership Group (C40) today announced 31 finalist projects from 26 cities competing in … Read the full press release

Deutsche Bank AG announced it completed approximately EUR 8.5 bn capital increase to reinforce its 2015+Strategy

Gross proceeds of approximately EUR 8.5 bn Common Equity Tier 1 (CET1) ratio on a fully-loaded CRD4 basis increases from 9.5% as of the end of the first quarter of 2014 to a pro forma 12.0% Frankfurt am Main, 7-6-2014 — … Read the full press release

Allianz: supertall construction boom pose new challenges for insurers, architects and contractors

2014 sees the 100th “supertall” building of over 300 meters built worldwide. More than half of world’s tallest buildings have been built in last four years, with the total supertall category almost tripling in the last seven years. The high rise … Read the full press release

BNP Paribas subsidiary Arval to form joint-venture with Qiangshen subsidiary Shanghai Ba-shi Car Rental Service Co. LTD.

Shanghai, 27-6-2014 — /EuropaWire/ — On June 19 2014, Arval, a subsidiary of BNP Paribas and an expert in the full-service leasing of multi-brand vehicles to companies, closed a deal with Shanghai Ba-shi Car Rental Service Co. LTD., a subsidiary of Qiangshen, … Read the full press release

Eni signs Production Sharing Contract with PetroVietnam for exploration of offshore Block 122 in Phu Khanh Basin, Vietnam

This new agreement confirms Eni’s interest to continue and consolidate its presence in Vietnam, where the company returned in 2012 and operates already three offshore exploration blocks. Hanoi, 27-6-2014 — /EuropaWire/ — Eni’s Ceo, Claudio Descalzi, today signed in Hanoi with … Read the full press release

Eni granted three prospection permits by the Algerian state company Sonatrach in onshore southern Algeria

The initiative strengthens the already excellent relations between Eni and Sonatrach and Eni’s strong presence in the country. San Donato Milanese (Milan), 27-6-2014 — /EuropaWire/ — Eni has been granted three prospection permits by Sonatrach, the Algerian state company. The permits … Read the full press release

Patrice Merrin appointed Independent Non-Executive Director at Glencore plc

Baar, Switzerland, 27-6-2014 — /EuropaWire/ — The Board of Glencore plc announces the appointment of Patrice Merrin as an Independent Non-Executive Director of the Company with immediate effect. Following initial roles with Molson and Canadian Pacific, Patrice E. Merrin worked at Sherritt, … Read the full press release

Glencore’s AUD589M investment in Ernest Henry Mining in north-west Queensland, Australia commences operations from new kilometre-deep hoisting shaft

Cloncurry, Australia, 27-6-2014 — /EuropaWire/ — Glencore’s AUD589 million investment in Ernest Henry Mining near Cloncurry in north-west Queensland, Australia, to transition from open pit to underground operations has celebrated a significant milestone; commencing operations from a new kilometre-deep hoisting shaft. … Read the full press release

AXA joins Nestlé and other premier European companies in “Alliance for Youth” to address youth unemployment in Europe

AXA commits to provide at least 20,000 youth with professional experience over the next five years in Europe AXA will help youth in Europe increase their employability PARIS, 27-6-2014 — /EuropaWire/ — During a public event today in the presence of … Read the full press release

ANDRITZ successfully completed start-up of the PrimeLineCOMPACT tissue machine with steel Yankee supplied to Hebei Yihoucheng, China

International technology Group ANDRITZ has successfully completed start-up of the PrimeLineCOMPACT tissue machine – the first of its kind in China – with steel Yankee supplied to Hebei Yihoucheng, China. Graz, Austria, 25-6-2014 — /EuropaWire/ — The machine has a design speed … Read the full press release

RenewableUK: Green Investment Bank’s plan to raise £1 billion fund to invest in offshore wind projects will help boost the sector’s rapid growth

LONDON, 25-6-2014 — /EuropaWire/ — RenewableUK says today’s announcement by the Green Investment Bank (GIB) that it plans to raise £1 billion for a fund to invest in offshore wind projects will help to boost the sector’s rapid growth. The bank … Read the full press release

C.F. Møller appoints new associate partners in Norway and Sweden

C.F. Møller further strengthens its commitment in Norway and Sweden through the ap-pointment of new associate partners in the architectural firm, which is among the largest in Scandinavia. Christian Dahle, general manager of C.F. Møller’s office in Oslo, and Mårten … Read the full press release

SAP AG to increase the portion of electric vehicles in its company car fleet to 20 percent

Walldorf, Germany, 25-6-2014 — /EuropaWire/ — SAP AG (NYSE: SAP) today announced that it will increase the portion of electric vehicles in its company car fleet to 20 percent. By 2020, the company aims to have one in five company cars run on electrically … Read the full press release

ESET® launched German edition of its WeLiveSecurity.com site

Global security vendor offers German-speaking countries the benefits of its security news site. Bratislava/Jena,  25-6-2014 — /EuropaWire/ — IT security provider ESET® today announces the launch of the German edition of its WeLiveSecurity.com site, offering German-speakers access to this world-class security news resource. After months of development, … Read the full press release

Gazprom and OMV signed Shareholders Agreement for the South Stream Austria joint project company

VIENNA, 25-6-2014 — /EuropaWire/ — Alexey Miller, Chairman of Gazprom’s Management Committee and Gerhard Roiss, Chief Executive Officer of OMV inked a Shareholders Agreement for the South Stream Austria joint project company. The document was signed in Vienna today during a visit by Russian President Vladimir Putin to the … Read the full press release

Lemminkäinen sells remaining stake in Lemcon Networks to Cygate Oy

Helsinki, Finland, 24-6-2014 — /EuropaWire/ — Lemminkäinen and Cygate Oy, part of TeliaSonera Group, have signed a business purchase agreement covering Lemcon Networks’ IT services in Finland, including WLAN, corporate networks and network data security solutions. In connection with the transaction, five permanent and … Read the full press release

Alma Media Corporation and five other Finnish newspaper publishers to establish Lännen Media

Helsinki, Finland, 24-6-2014 — /EuropaWire/ — Alma Media Corporation and five other Finnish newspaper publishers have signed a partnership agreement to establish Lännen Media. Lännen Media Oy will produce content for 12 regional newspapers in western and northern Finland. The newspapers participating … Read the full press release

Vestas to supply Borusan EnBW with 10 V112-3.3 MW turbines for the 33 MW Fuat RES wind power plant in Turkey

Borusan EnBW orders 10 V112-3.3 MW turbines for 33 MW project in Turkey, finalising the 207 MW framework agreement with Vestas. MADRID, 24-6-2014 — /EuropaWire/ — Vestas will supply 10 V112-3.3 MW turbines for the 33 MW Fuat RES wind power … Read the full press release

Maris Interiors LLP completes office design & relocation project for BOSE Ltd

LONDON, 24-6-2014 — /EuropaWire/ — Maris Interiors LLP have now completed an office design & relocation project for BOSE Ltd. Bose UK Ltd is part of the global Bose group of companies based in Massachusetts, USA. Started in 1964 by Amar … Read the full press release