Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Orange appointed Arnaud Castille Executive VP for Mergers and Acquisitions

Arnaud Castille joined Orange as Executive Vice President for Mergers and Acquisitions on 26 August 2013. Paris, 03-9-2013 — /EuropaWire/ — He replaced Vincent Benoît, who has left the Group. Arnaud previously served as a Director in the M&A Department at the … Read the full press release

Barclays PLC announced Bob Hoyt appointment as Group General Counsel

03-9-2013 — /EuropaWire/ —  Barclays PLC has announced the appointment of Bob Hoyt as Group General Counsel. He will succeed Mark Harding in this role, whose intention to retire was announced in February 2013. Mr Hoyt is expected to take up … Read the full press release

RWE Innogy received permits by German Federal Maritime and Hydrographic Agency for 108 additional wind turbines for the Innogy Nordsee offshore wind farm 2 and 3

Construction of 108 additional wind turbines approved Permit for Germany’s largest offshore wind farm cluster (approx. 1,000 MW) Important contribution to enhancing value of project portfolio 03-9-2013 — /EuropaWire/ — RWE Innogy yesterday received the permits for the Innogy Nordsee offshore wind … Read the full press release

England’s 1966 World Cup goalkeeper star Gordon Banks joins Barclays’s campaign to help nation’s older generation discover Internet

England’s 1966 World Cup goalkeeper star back in the net to get older people online Barclays research finds older people could net savings of £742 a year by getting online “Bank and Banks” create 3,500 “Digital Eagles” to mentor those … Read the full press release

EU-funded project PETROBOT develops robots to replace humans in inspections of pressure vessels and storage tanks widely used in the oil, gas and petrochemical industry

03-9-2013 — /EuropaWire/ — The European Commission, together with a consortium of ten European companies led by Shell, launches today the PETROBOT project, which will develop robots which can replace humans in inspections of pressure vessels and storage tanks widely used in … Read the full press release

The European Commission clears Austrian authorities plan to orderly wind down the Austrian bank Hypo Group Alpe Adria (HGAA)

03-9-2013 — /EuropaWire/ — The European Commission has approved a plan to orderly wind down the Austrian bank Hypo Group Alpe Adria (HGAA). The Commission found that the plan presented by the Austrian authorities is compatible with EU state aid rules. Together … Read the full press release

RWE Innogy, Stadtwerke München, Siemens joint venture project Gwynt y Môr Offshore Wind Farm begins generating electricity

Gwynt y Môr begins generating electricity Joint venture project of RWE Innogy, Stadtwerke München and Siemens making good progress Complete commissioning planned for 2014 Gwynt y Môr Offshore Wind Farm has officially generated and exported its first electricity, on track … Read the full press release

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