(IN BRIEF) CANCOM Group saw a 29.1% increase in revenue in the first half of 2024, reaching €835.3 million, with significant contributions from its International segment, particularly the CANCOM Austria Group. EBITDA rose to €55.5 million, while operating cash flow … Read the full press release
Posted in Austria, Business, Economy, Financial, Germany, Government, Industrial, Investment, News, Technology
Tagged Austria, CANCOM Group, Financial, investment, partnership, Rüdiger Rath
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Türkiye’s Polinas Plastik to enhance the company’s green credentials through resource and energy efficiency upgrades, including a new production line for recyclable packaging … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Turkey, United Kingdom
Tagged EBRD, Packaging Production, partnership, Polinas, sustainability, Turkey
(IN BRIEF) The EBRD is lending €70 million to Ukraine’s Nova Post to support its 2024 expansion plans, which include enhancing delivery services and building over 600 bomb shelters. The loan will help Nova Post maintain operations during wartime, support … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Transportation & Logistics, Ukraine, United Kingdom
Tagged Arvid Tuerkner, delivery services, EBRD, Nandita Parshad, Nova Post, partnership, Petro Fokov, sustainability, UKRAINE, Wartime Challenges
(IN BRIEF) BBVA’s AI Factory has expanded to Mexico and Türkiye, doubling its workforce to over 400 AI experts. This expansion aims to accelerate the development of AI solutions to improve customer experiences and optimize internal processes. The AI Factory … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Spain, Technology
Tagged AI Factory, AI innovation, BBVA, Ignacio Teulón, Mexico, partnership, sustainability, Türkiye
(IN BRIEF) Standard Chartered has launched a new ESG-linked Cash Account for corporate banking clients that rewards them for meeting key environmental, social, and governance (ESG) targets. The account connects interest rates and fees to clients’ ESG performance, encouraging them … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged ESG-linked Cash Account, Mahesh Kini, Reward, Standard Chartered, sustainability
(IN BRIEF) Vestas Wind Systems A/S has revised its financial outlook for 2024, now projecting revenue between EUR 16.5 billion and EUR 17.5 billion, down from EUR 16 billion to EUR 18 billion. The expected EBIT margin before special items … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News
Tagged economy, Financial, investment, Vestas
(IN BRIEF) Amazon and Barclays have launched the Amazon Barclaycard, a new co-branded credit card in the UK that rewards customers for everyday spending. The card offers up to 2% back in Amazon Barclaycard Rewards, with 1% on Amazon purchases … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Retail, Technology, United Kingdom
Tagged Amazon, Amazon Barclaycard, Barclays, credit card, John Boumphrey, partnership, Rewards, shopping, Steve Weston, sustainability, USA
(IN BRIEF) Exor N.V. has announced the continuation of its share buyback program, originally launched on September 13, 2023, with an additional €125 million allocated for the second tranche, starting August 12, 2024. This follows the completion of the first … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Exor N.V., Financial, investment, Share Buyback Program
(IN BRIEF) MOL Group reported strong financial results for the first half of 2024, with a 19% year-on-year increase in profit before tax, driven by robust demand in Downstream, strong Upstream production, and retail expansion. Despite industry challenges, the company … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Hungary, Industrial, Investment, Management, News
Tagged economy, Financial, investment, MOL Group, Zsolt Hernádi
(IN BRIEF) Wolters Kluwer Compliance Solutions will host its 28th annual CRA & Fair Lending Colloquium from November 17-20 in Championsgate, Florida. Keynote speakers include Shaun Donovan, CEO of Enterprise Community Partners, and James C. Ballentine, a senior advisor at … Read the full press release
(IN BRIEF) Adventure, a digital communications company specializing in price comparison for utilities and insurance, has successfully listed on Euronext Growth Milan, raising €4 million and achieving a market capitalisation of €14 million. This marks the 15th listing on Euronext … Read the full press release
(IN BRIEF) The European Investment Fund (EIF) has made its largest investment yet in Norwegian technology startups by contributing to SINTEF’s seed fund, SINTEF Venture VI, which now manages a capital of half a billion Norwegian kroner. This fund aims … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Norway, Technology
Tagged Anders Lian, Cecilie Myrseth, EIF, investment, Marjut Falkstedt, Norway, partnership, SINTEF, sustainability
(IN BRIEF) NatWest and the UK Infrastructure Bank have committed significant financial support to Quickline Communications to enhance broadband connectivity in rural areas of Yorkshire and Lincolnshire. This initiative, part of the UK government’s Project Gigabit, aims to provide full-fibre … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged Andrew Blincoe, Ian Brown, Lincolnshire, NatWest, Northern England, partnership, Paul Howard, Quickline, Rural Broadband, Sean Royce, UK Infrastructure Bank, Yorkshire
(IN BRIEF) SUSS MicroTec SE reported strong financial results for the first half of 2024, with a high order book of €450 million and a significant 45.6% increase in sales to €192.8 million. The Q2 sales reached €99.3 million, driven … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Burkhardt Frick, Dr. Cornelia Ballwiesser, Dr. Thomas Rohe, Financial, investment, SÜSS MicroTec
(IN BRIEF) The European Investment Bank (EIB) and Matrix Renewables have secured a €50 million green loan to develop five new solar photovoltaic plants in Castilla y Leon and Extremadura, Spain, with a total capacity of 240 MW. This project, … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain
Tagged Alessandro Izzo, EIB, Nicolás Navas, partnership, solar energy, Spain, sustainability
(IN BRIEF) S&P Global and Accenture have partnered to advance generative AI in the financial services industry. This includes launching a comprehensive AI learning program for S&P Global’s workforce and enhancing AI development and benchmarking solutions. The collaboration aims to … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Industrial, Investment, Ireland, Management, News, Technology
Tagged Accenture, Bhavesh Dayalji, financial services, generative AI, Lan Guan, partnership, S&P Global
(IN BRIEF) Deutsche Beteiligungs AG (DBAG) is acquiring a controlling interest in UNITY AG, a leading consultancy in technology and digital transformation, aiming to leverage UNITY AG’s strong market position and growth potential. The deal, pending regulatory approval, is expected … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Small Business, Technology
Tagged acquisition, Christoph Plass, consulting services, Deutsche Beteiligungs AG (DBAG), digital transformation, investment, Jannick Hunecke, partnership, Tomas Pfänder, UNITY AG
(IN BRIEF) The EBRD is lending €20 million to Allego for the construction of 200 EV charging stations in Poland. This investment, supported by the CEF-Transport Alternative Fuels Infrastructure Facility, aims to boost electric mobility in Poland, helping the EU … Read the full press release
Posted in Automotive, Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Poland, United Kingdom
Tagged Allego, EBRD, EV charging stations, partnership, Poland, sustainability
(IN BRIEF) The EBRD and Proparco are financing two 60 MW solar power plants in Tozeur and Sidi Bouzid, Tunisia, with a €25 million loan. Developed by Scatec and Aeolus (Toyota Tsusho Group), these projects will reduce annual CO2 emissions … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Aeolus, construction, EBRD, Françoise Lombard, Hideharu Toba, Nandita Parshad, partnership, Proparco, Scatec, solar power plants, sustainability, Terje Pilskog, Tunisia
(IN BRIEF) The CRE8 pre-employment program has successfully created job opportunities for disadvantaged locals at the Mossley Hill Mental Health Facility construction site. Through collaboration with local partners, the program provides comprehensive training and work experience, leading to sustainable employment. … Read the full press release
Posted in Business, Construction, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Andy Whalley, Building Careers UK, construction, CRE8 Program, Darren Friend, Employment, GRAHAM Group, Mersey Care NHS Foundation Trust, Mossley Hill Mental Health Facility, Nobody Left Behind, partnership, Peter Reavey, Rob Collins, sustainability
(IN BRIEF) MorphoSys AG has completed its voluntary delisting from the Frankfurt Stock Exchange and Nasdaq Global Market following its acquisition by Novartis. The delisting agreement, announced on June 20, 2024, and the subsequent delisting purchase offer by Novartis were … Read the full press release
Posted in Business, Economy, Environment, Financial, Germany, Government, Industrial, Investment, News, Pharma & Biotech, Science, Switzerland, Technology
Tagged acquisition, Frankfurt, MorphoSys, NASDAQ, Novartis, Novartis BidCo AG, partnership, sustainability, Switzerland
(IN BRIEF) Prudential plc has announced that Lilian Ng, Managing Director of the Strategic Business Group, will retire at the end of the year after 30 years with the company. She will be succeeded by Angel Ng, formerly of Citi, … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged Angel Ng, Anil Wadhwani, appointment, Greater China, leadership, Lilian Ng, Prudential, Regional CEO, retirement
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing a $20 million loan to Crédit Agricole Egypt to support small businesses and green investments. This loan includes $3 million of concessional … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Credit Agricole, Crédit Agricole Egypt, EBRD, EGYPT, Green Climate Fund (GCF), Heike Harmgart, investments, Jean-Pierre Trinelle, partnership, small businesses, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Eiffel Investment Group are jointly providing €24.4 million for the construction of two solar power plants in Romania’s Dolj County. Each organization is contributing €12.2 million to the … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Romania, United Kingdom
Tagged EBRD, Eiffel Investment Group, Grzegorz Zieliński, investment, partnership, renewable energy, Romania, solar power, sustainability
(IN BRIEF) Mahmut Akten will become CEO of Garanti BBVA and BBVA Country Manager in Turkey, replacing Recep Baştuğ. The appointment is pending regulatory approval. BBVA has reorganized its global Client Solutions area, introducing new leadership for Commercial and Retail … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Spain, Turkey
Tagged appointment, BBVA, CEO, Country Manager, David Puente, Garanti BBVA, Jaime Sáenz de Tejada, leadership, Mahmut Akten, Murat Kalkan, Onur Genç, partnership, Recep Baştuğ, Turkey
(IN BRIEF) Brenntag, a global leader in chemicals and ingredients distribution, has acquired Monarch Group Holdings Ltd. and its subsidiary Monarch Chemicals Ltd. in the UK. This acquisition includes sites in Southeast England and Scotland, enhancing Brenntag’s last-mile service operations. … Read the full press release
Posted in Agriculture, Business, Chemicals, Economy, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, United Kingdom
Tagged acquisition, Brenntag, Jon Hill, Monarch Chemicals, partnership, Russel Argo, sustainability, UK
(IN BRIEF) Plenitude has signed a 10-year Corporate Power Purchase Agreement (PPA) with Ferriera Valsabbia to supply energy from a 15MW wind farm in Sannicandro di Bari, Italy. Starting in September 2024, the wind farm will generate over 350 GWh … Read the full press release
Posted in Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, Metals and Minerals, News
Tagged Alessandro Della Zoppa, Eni, Ferriera Valsabbia, partnership, Plenitude, Renewable Wind Energy, Ruggero Brunori, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested up to US$ 90 million (€83 million) in Ulker Biskuvi Sanayi’s first sustainability-linked Eurobond, part of a larger US$ 550 million issuance. This funding will help Ulker, a … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Turkey, United Kingdom
Tagged EBRD, Erdem Yasar, Eurobond, investment, Mete Buyurgan, partnership, sustainability, Turkey, Ulker Biskuvi Sanayi
(IN BRIEF) The European Investment Bank (EIB) has granted a €35 million green loan to Haizea Wind Group, a Spanish wind energy component manufacturer. This investment aims to enhance innovation and digitalization in the wind sector, supporting the REPowerEU plan … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged Alvaro Quintana, EIB, Europe, Gilles Badot, Haizea Wind Group, partnership, Spain, sustainability, wind energy
(IN BRIEF) Vortex Energy, a leading renewables company in Poland owned by Vitol, has appointed Wojciech Orzech as CEO. Orzech, with over 20 years of experience in energy and infrastructure, previously served as CEO of PKP Energetyka. He will work … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Poland
Tagged appointment, CEO, Justine Ryan, leadership, Poland, renewable energy, Vitol, Vortex Energy, Wojciech Orzech
(IN BRIEF) Vitol B.V. has agreed to acquire Noble Resources Trading Limited for $0.63 per share on a debt-free, cash-free basis, pending customary conditions. Noble Resources is a prominent supply chain manager for energy products and industrial raw materials in … Read the full press release
(IN BRIEF) BP has finalized the acquisition of GETEC ENERGIE GmbH, an energy supplier to commercial and industrial customers in Germany. This acquisition, announced in January 2024, enhances BP’s European gas and power operations and expands its reach to Germany, … Read the full press release
Posted in Austria, Belgium, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Poland, United Kingdom
Tagged acquisition, Austria, Belgium, BP, Cord Wiesner, Elaine Skinner-Reid, European Energy, GETEC ENERGIE GmbH, Netherlands, partnership, Poland, sustainability
(IN BRIEF) BP and the Government of Iraq have signed a memorandum of understanding (MoU) to negotiate a redevelopment programme for the Kirkuk region. This includes investments in oil and gas, power generation, solar energy, and exploration activities. The MoU … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged BP, H.E. Hayan Abdul Ghani, H.E. Mohammed Shia' Al Sudani, Iraq Government, Kirkuk Region, Murray Auchincloss, Nader Zaki, partnership, redevelopment, sustainability, Zaid Elyaseri
(IN BRIEF) AUTO1 Group SE, a leading European digital automotive platform, reported record-breaking results in Q2 2024. Key highlights include a 17% increase in units sold (166,292), a 36% rise in gross profit (€173.3 million), and the highest adjusted EBITDA … Read the full press release
Posted in Automotive, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged AUTO1 Group, Christian Bertermann, Financial, investment, Markus Boser
(IN BRIEF) Delivery Hero SE has announced the merger of its food delivery businesses, foodora, Yemeksepeti, and foodpanda, to boost operational efficiency and business leverage across Europe and Asia. The new organization, led by Tareq Barto, aims to unlock synergies … Read the full press release
Posted in Business, Economy, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Technology
Tagged acquisition, Asian, Delivery Hero, European, foodora, foodpanda, operations, partnership, sustainability, Tareq Barto, Yemeksepeti
(IN BRIEF) KION Group reported a significant increase in profitability for the first half of 2024, with revenue rising by 2% to €5.736 billion and adjusted EBIT improving by 28% to €447 million. The company saw improvements in both its … Read the full press release
Posted in Business, Economy, Financial, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Financial, investment, KION Group, profitability, Rob Smith
(IN BRIEF) The European Investment Bank (EIB) has initiated a €5 billion program to support the wind energy sector, starting with a €500 million counter-guarantee to Deutsche Bank. This will enable Deutsche Bank to issue up to €1 billion in … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Alexander von zur Muehlen, Deutsche Bank, EIB, Germany, Maroš Šefčovič, Nicola Beer, partnership, sustainability, wind energy
(IN BRIEF) Experian’s latest data reveals a 31% increase in beauty salons and a 16% rise in dental surgeries on UK high streets over the past five years, driven by the influence of reality TV shows like Love Island. A … Read the full press release
Posted in Apparel, Fashion & Beauty, Business, Economy, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Media, News, Technology, United Kingdom
Tagged Beauty Salons, Dental Surgeries, Dr. Ed Robinson, Experian, John Webb, Love Island, Malin Andersson, partnership, Reality TV Influence, UK
(IN BRIEF) The European Investment Bank (EIB) is providing €20 million in venture debt financing to German medical technology company Protembis for the development of their “ProtEmbo” cerebral embolic protection system. This device aims to reduce the risk of brain … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Healthcare, Industrial, Investment, Luxembourg, Management, News, Science, Technology
Tagged Brain Protection Technology, Conrad Rasmus, EIB, Germany, Heart Treatments, Karl von Mangoldt, Nicola Beer, partnership, Protembis, sustaianability
(IN BRIEF) The European Investment Bank (EIB), Natixis Corporate & Investment Banking (Natixis CIB), and the Sunprime Group have signed a project finance operation worth €204 million to support the construction of over 100 photovoltaic plants across Italy, with a … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged Antonio Mazzitelli, EIB, Gelsomina Vigliotti, Italy, Natixis, partnership, photovoltaic project, Stefano Mazza, Sunprime, sustaianability
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
