Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Ørsted Introduces Revolutionary Low-Noise Technology for Offshore Wind Foundations

(IN BRIEF) Ørsted, a leader in offshore wind energy, has unveiled a groundbreaking low-noise installation method for monopile foundations at the Gode Wind 3 wind farm in Germany. This innovative technology, successfully tested on three monopiles, utilizes a patented jetting … Read the full press release

Ericsson Secures EUR 100 Million Loan from NIB to Advance Wireless Technology Efficiency

(IN BRIEF) Ericsson, a prominent Swedish telecommunications company, has secured a new EUR 100 million loan from the Nordic Investment Bank (NIB) to bolster its research and development efforts aimed at enhancing wireless technology efficiency. This loan, NIB’s second for … Read the full press release

Evonik Expands Sodium Methylate Production Capacity in Argentina

(IN BRIEF) Evonik has announced a significant expansion of its sodium methylate production capacity at its Rosario plant in Argentina’s Sante Fé Province. The expansion, increasing annual capacity by 50% to 90,000 tons, aims to meet growing demand for biofuels … Read the full press release

University of Twente Researchers Secure ERC Proof of Concept Grants for Innovative Projects

(IN BRIEF) Three researchers from the University of Twente have secured Proof of Concept (PoC) grants from the European Research Council (ERC). Professors Mariëlle Stoelinga, David Fernandez Rivas, and Jeroen Leijten will receive €150,000 each to develop innovative ideas stemming … Read the full press release

University of Twente and Forschungszentrum Jülich Strengthen Collaboration with New Memorandum of Understanding

(IN BRIEF) The University of Twente (UT) and Forschungszentrum Jülich (FZJ) have formalized their longstanding collaboration with a new Memorandum of Understanding (MoU). Signed during a special event at Jülich, the MoU focuses on strategic areas such as education and … Read the full press release

SapuraOMV Upstream Achieves First Gas at Jerun Field Offshore Malaysia

(IN BRIEF) SapuraOMV Upstream Sdn Bhd has successfully started gas production at Malaysia’s Jerun field, where Shell plc holds a 30% stake through Sarawak Shell Berhad. Located offshore Sarawak, the field includes an integrated platform exporting gas via an 80-km … Read the full press release

Allianz Teams Up with Football Star Harry Kane as Global Brand Ambassador

(IN BRIEF) Allianz has partnered with football star Harry Kane, naming him as their global brand ambassador. Kane, known for his football prowess and advocacy for mental health, will collaborate with Allianz on marketing initiatives aimed at inspiring the next … Read the full press release

AFRY Leads Innovative Climate Resilience Study on Ischia, Presented by EIB

(IN BRIEF) AFRY, in collaboration with the European Investment Bank (EIB), spearheaded a pioneering climate resilience study focused on Ischia, Italy, addressing the island’s vulnerability to earthquakes and landslides exacerbated by climate change. The comprehensive report, unveiled at a press … Read the full press release

Skanska Secures SEK 700M Contract for NKT Cable Factory Expansion in Karlskrona

(IN BRIEF) Skanska has signed a SEK 700 million agreement with NKT HV Cables AB to construct towers and side buildings for the expansion of NKT’s cable factory in Karlskrona, Sweden. This contract, part of Skanska’s Q3 2024 order bookings, … Read the full press release

Skanska Joint Venture Secures Additional GBP 50M for UK High-Speed Rail Project

(IN BRIEF) Skanska, as part of the Skanska Costain STRABAG joint venture, has received an additional GBP 50 million from HS2 Ltd for phase one of the UK’s high-speed railway project. This brings the total contract value to GBP 1.425 … Read the full press release

Thales Wins Neptune Contract to Enhance French Army’s Satellite Communications

(IN BRIEF) The French defence procurement agency (DGA) has awarded Thales the Neptune contract to provide 30 dual-band X/Ka satellite communication stations for the French Army. These stations will serve as OTP tactical communication nodes, supporting high-throughput satellite communications for … Read the full press release

E.ON and MAN Truck & Bus Partner to Establish Europe’s Largest Public Charging Network for Electric Trucks

(IN BRIEF) E.ON and MAN Truck & Bus are collaborating to create a vast public charging network for electric commercial vehicles across Europe, featuring approximately 400 charging points at 170 locations. With 125 sites planned in Germany alone, this initiative … Read the full press release

EIB Funds €435 Million to Stora Enso for Sustainable Packaging Transformation in Oulu

(IN BRIEF) The European Investment Bank (EIB) is extending a €435 million credit to Stora Enso to upgrade its Oulu manufacturing site for producing eco-friendly, fiber-based packaging for food and personal care products. This investment aims to reduce plastic reliance … Read the full press release

EIB and Poste Italiane Partner for €450 Million Investment to Enhance Digital and Sustainable Logistics

(IN BRIEF) The European Investment Bank (EIB) and Poste Italiane have signed a €450 million finance contract to modernize and digitalize Poste Italiane’s logistics and postal services. This funding will be used to establish new automated parcel sorting centers, including … Read the full press release

SGS to Acquire Institut d’Expertise Clinique (IEC), Expanding Global Leadership in Cosmetics Testing

(IN BRIEF) SGS has announced its acquisition of Institut d’Expertise Clinique (IEC), a prominent Clinical Research Organization specializing in advanced clinical testing for the cosmetics industry. Founded in 1990 and based in France, IEC operates across Europe, Asia, and Africa, … Read the full press release

McLaren Automotive and The LEGO Group Unveil LEGO® Technic™ McLaren P1™

(IN BRIEF) McLaren Automotive and the LEGO Group have unveiled their latest collaboration, showcasing the LEGO® Technic™ McLaren P1™, a tribute to the groundbreaking hybrid hypercar. Known for redefining automotive high-performance, the McLaren P1™ integrated advanced motorsport-derived engineering to achieve … Read the full press release

Yara Brasil Fertilizantes and Petrobras Advance Towards Potential Business Partnership

(IN BRIEF) Yara Brasil Fertilizantes and Petrobras have signed a non-binding Master Agreement to explore potential synergies in their operations, following a prior Memorandum of Understanding signed in February 2024. The focus is on enhancing efficiencies in Brazil’s fertilizer and … Read the full press release

Saudi Arabia Orders Four Additional Airbus A330 Multi Role Tanker Transport Aircraft

(IN BRIEF) Saudi Arabia has ordered four additional Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the Royal Saudi Air Force (RSAF). These aircraft will begin conversion in early 2026 and enter service by 2027, enhancing RSAF’s air-to-air refuelling … Read the full press release

Edison and Webuild Collaborate on Major Pumped Hydroelectric Projects to Enhance Italy’s Energy Security and Economic Development

(IN BRIEF) Edison and Webuild have joined forces to develop pumped hydroelectric projects in Southern Italy, focusing on sites in Pescopagano and Villarosa. These projects aim to generate 500 MW of pumped energy by 2030, supporting Italy’s energy security and … Read the full press release

Andritz Wins Major Contract to Enhance Tissue Production for C&S Paper in China

(IN BRIEF) ANDRITZ, an international technology group, has secured a significant order from C&S Paper to supply two advanced PrimeLineCOMPACT tissue machines for their Suqian City mill in Jiangsu Province, China. These machines, with a capacity of 94 t/d each, … Read the full press release

EIB Renovates Bucha Water Supply Facility, Enhancing Access to Clean Drinking Water

(IN BRIEF) The European Investment Bank (EIB), as part of the €340 million Ukraine Recovery Programme, has renovated Bucha’s water supply facility, providing clean drinking water to 9,000 residents. Damaged during the Russian invasion, the upgraded facility now features advanced … Read the full press release

Creas Impacto II Targets €70 Million with Backing from EIF, ICO, Carasso Foundation, and Private Investors

(IN BRIEF) Creas Impacto II, supported by EIF, ICO, the Carasso Foundation, and private investors, targets a €70 million fund size under the InvestEU program. The fund, managed by CREAS, focuses on investing in about 12 growth-stage companies in Spain … Read the full press release

Nordic Investment Bank Supports EcoDataCenter’s Expansion with SEK 280 Million Loan

(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a SEK 280 million (approx. EUR 24 million) five-year loan agreement with EcoDC AB (EcoDataCenter) to support the expansion of its Falun data centre in Sweden. This funding will enable EcoDataCenter … Read the full press release

Papara Partners with Thales to Introduce World-First Personalization Solution for Payment Cards

(IN BRIEF) Thales has partnered with Turkish fintech leader Papara to launch the world’s first deployment of the SketchMyCard solution, allowing users to design personalized payment cards that showcase their creativity and individuality. This collaboration has led to increased card … Read the full press release

Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain

(IN BRIEF) Digi Spain Telecom S.L.U. (“DIGI Spain”) has signed a 16-year national roaming and RAN sharing agreement with Telefónica Móviles España, effective from 1 January 2025. Additionally, a 10-year fixed broadband bitstream wholesale agreement has been concluded. These deals, … Read the full press release

Eneco and Charged Partner to Trial Home Battery Integration for Grid Stability and Consumer Benefits

(IN BRIEF) Eneco and Charged have announced a collaborative initiative, ‘Gridease,’ aimed at leveraging home battery systems to enhance grid stability while offering financial rewards to consumers. The trial targets customers with Sessy home batteries and both fixed and variable … Read the full press release

EU Competitiveness Council Meets at MOL Group HQ to Drive Green Energy Transition

(IN BRIEF) Under the Hungarian EU Presidency, the Competitiveness Council gathered at MOL Group’s headquarters to discuss Europe’s industrial competitiveness amidst the green energy transition. Key stakeholders emphasized the need for collaborative policymaking and a supportive regulatory environment. Zoltán Áldott … Read the full press release

APM Terminals Suape Advances Sustainable Port Operations with Major Investment in All-Electric Handling Equipment

(IN BRIEF) APM Terminals Suape in Brazil has completed a significant investment in sustainability by acquiring twenty-eight all-electric container handling units from SANY. This move underscores their commitment to becoming Latin America’s first fully electric terminal, set to commence operations … Read the full press release

University of Helsinki Researchers Develop Controlled Proliferation Cells for Safer and Effective Cell Therapies

(IN BRIEF) Researchers at the University of Helsinki and HUS Helsinki University Hospital have developed a groundbreaking technique to control cell proliferation, enhancing the safety and efficacy of cell therapies. Published in Molecular Therapy, the study details how modified stem … Read the full press release

University of Warwick Hosts Spectacular Finale for Flame of Friendship Project, Uniting Coventry Schools in Olympic Spirit

(IN BRIEF) The University of Warwick concluded the Flame of Friendship project with a lively finale, uniting over 700 school children and teachers from 63 schools across Coventry. Held at the Sports and Wellness Hub, the event featured a vibrant … Read the full press release

Wood Secures Six-Year Contract for Shell’s Prelude FLNG Facility, Strengthening LNG Engineering Leadership

(IN BRIEF) Wood has secured a six-year contract to provide comprehensive brownfield engineering, procurement, and construction management (EPCm) services for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia. This agreement extends Wood’s longstanding partnership with Shell and … Read the full press release

Syngenta Biologicals and Intrinsyx Bio Partner to Advance Sustainable Agriculture Through Innovative Biological Solutions

(IN BRIEF) Syngenta Biologicals and Intrinsyx Bio have joined forces to introduce advanced biological solutions to global agriculture. This collaboration focuses on leveraging Intrinsyx Bio’s proprietary endophyte formulations, which enhance nutrient uptake in plants, reducing reliance on synthetic fertilizers and … Read the full press release

Thales and Naval Group Collaborate on Advanced Sonar System for Autonomous Underwater Vehicles

(IN BRIEF) Thales and Naval Group have joined forces to test an innovative passive omnidirectional hull-mounted sonar system aimed at enhancing the safety and autonomy of extra-large unmanned underwater vehicles (XL-UUVs). This collaborative effort, under the French defense procurement agency’s … Read the full press release

Accenture Acquires Excelmax Technologies to Enhance Silicon Design and Engineering Expertise

(IN BRIEF) Accenture has acquired Bangalore-based semiconductor design services provider Excelmax Technologies, enhancing its expertise in silicon design and engineering. Excelmax, founded in 2019, offers custom silicon solutions for consumer devices, data centers, AI, and edge computing, serving automotive, telecommunications, … Read the full press release

Accenture Acquires Arηs Group to Expand European Tech Services

(IN BRIEF) Accenture has completed its acquisition of Arηs Group, a Luxembourg-based technology services provider, enhancing its capabilities in both public and private sector transformations across Europe. Announced in March 2024, the acquisition adds over 2,330 specialists in software development, … Read the full press release

Iberdrola Chairman Ignacio Galán Visits Spanish Women’s National Soccer Team to Show Support

(IN BRIEF) Ignacio Galán, Chairman of Iberdrola, visited the Spanish women’s national soccer team at their training camp in Las Rozas to express the company’s unwavering support ahead of their games in Paris. Galán praised the team’s talent and recent … Read the full press release

Covestro Advances Circular Economy with Innovative Product Design Solutions

(IN BRIEF) Covestro is championing the circular economy by integrating sustainable design principles into product development. Recognizing the significant environmental impact of product design, Covestro leverages its expertise in high-performance materials to guide customers in adopting circular design practices. Their … Read the full press release

GTT Strategic Ventures Invests in Finnish Maritime Software Company Seaber.io

(IN BRIEF) GTT Strategic Ventures, alongside Counterview Capital, Lifeline Ventures, and Tesi, has invested in Finnish maritime software company Seaber.io. Based in Helsinki, Seaber.io specializes in digitalizing scheduling and chartering for bulk shipping, utilizing AI and machine learning for real-time … Read the full press release

MTU Aero Engines Showcases Zero-Emission Flight Technologies at Farnborough Airshow

(IN BRIEF) MTU Aero Engines is celebrating its 90th anniversary at the Farnborough International Airshow with a focus on revolutionary propulsion technologies. Highlighting innovations aimed at zero-emission flight, MTU will showcase its Water-Enhanced Turbofan (WET) and Flying Fuel Cell™ (FFC) … Read the full press release

Symrise Celebrates 70 Years of Sun Protection Innovation

(IN BRIEF) Symrise is celebrating its 70-year legacy of sun protection innovation as part of its “150 shades of innovation” campaign, honoring the 150th anniversary of its founding father Wilhelm Haarmann’s first patent. The company has pioneered advancements in UV … Read the full press release