Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

RWE Unveils First Turbine Blade for Sofia Offshore Wind Farm at Siemens Gamesa Hull Factory

(IN BRIEF) RWE has officially unveiled the first turbine blade for the Sofia Offshore Wind Farm, produced at Siemens Gamesa’s Hull facility. This significant milestone in the construction of the flagship renewable energy project was celebrated at a ceremony attended … Read the full press release

University of Twente to Launch First Bilingual Bachelor’s Degree in Psychology in 2025

(IN BRIEF) The University of Twente has announced the introduction of a bilingual Bachelor’s Degree in Psychology for the 2025-2026 academic year, becoming the first program of its kind at the university. This initiative, approved by the University Council, will … Read the full press release

EIB Group and EDA Strengthen Partnership to Boost European Defence Financing and Collaboration

(IN BRIEF) On October 3, 2024, the European Investment Bank (EIB) Group and the European Defence Agency (EDA) strengthened their partnership with an updated Memorandum of Understanding (MoU) to enhance security and defence financing across Europe. The revised agreement allows … Read the full press release

Norwich City Women’s Football Player Millie Daviss Launches Academic Career at UEA

(IN BRIEF) Millie Daviss, a player for the Norwich City Women’s Football Club, has embarked on a new journey as a lecturer at the University of East Anglia (UEA). Starting her academic career, Millie will teach subjects related to academic … Read the full press release

Yara Launches Ammonia Import Terminal in Germany, Boosting Hydrogen Economy Efforts

(IN BRIEF) Yara International has officially opened its new ammonia import terminal in Brunsbüttel, Germany, strategically located along the North Sea and Kiel Canal. This facility is set to import up to three million tonnes of low-emission ammonia annually, making … Read the full press release

Deutsche Bank Earns Top Honors in Asia Pacific, Celebrating Success of Global Hausbank Strategy

(IN BRIEF) Deutsche Bank has received multiple prestigious awards in the Asia-Pacific region, including Best Corporate Bank and Best FX Bank, reflecting the success of its Global Hausbank strategy. The bank was recognized for its outstanding performance in corporate banking, … Read the full press release

Eni Completes Strategic Combination with Ithaca Energy, Enhancing UK Upstream Position

(IN BRIEF) Eni S.p.A. has announced the successful completion of its combination with Ithaca Energy plc, consolidating nearly all of Eni’s upstream assets in the UK, excluding those in the East Irish Sea and CCUS activities. This strategic move involves … Read the full press release

Bentley Launches Flying Spur Mulliner at Zoute Grand Prix, Showcasing Unmatched Luxury and Performance

(IN BRIEF) Bentley has officially unveiled the Flying Spur Mulliner at the 2024 Zoute Grand Prix in Belgium, marking its European debut. This luxury four-door Grand Tourer features a powerful 782 PS, 1,000 Nm hybrid powertrain, making it the most … Read the full press release

PATRIZIA Partners with Far East Organization for Strategic Repositioning of Iconic Pinners Hall in London

(IN BRIEF) PATRIZIA has partnered with Singapore’s Far East Organization to spearhead the repositioning of Pinners Hall, a landmark office building in London, into a premier office space. This initiative aligns with PATRIZIA’s “future of the office” strategy and will … Read the full press release

ZEBRA Project Revolutionizes Wind Turbine Blade Recycling with Arkema’s Innovative Closed-Loop System

(IN BRIEF) The ZEBRA (Zero wastE Blade ReseArch) project has made significant strides in wind turbine blade recycling by demonstrating a closed-loop system that fully recycles thermoplastic blades. Led by the French Institute for Technological Research, IRT Jules Verne, the … Read the full press release

LANXESS to Sell Urethane Systems Business to UBE Corporation for €460 Million, Strengthening Focus on Specialty Chemicals

(IN BRIEF) LANXESS has signed a contract to sell its Urethane Systems business to Japan’s UBE Corporation for an enterprise value of €460 million, with expected proceeds around €500 million. This sale allows LANXESS to exit its last polymer business … Read the full press release

EBRD Invests €100 Million in Green Genius to Propel Renewable Energy Growth in Europe

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a €100 million investment in Green Genius, a renewable energy developer, positioning itself as a minority shareholder upon receiving necessary regulatory approvals. This funding will support Green Genius’s … Read the full press release

Report Highlights the Urgent Need for Strategic Measures to Enhance Resilience and Competitiveness of EU Firms Amid Supply Chain Challenges

(IN BRIEF) The European Investment Bank (EIB) has released a report titled “Navigating Supply Chain Disruptions: New Insights on the Resilience and Transformation of EU Firms,” in collaboration with the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship, and SMEs. … Read the full press release

EIB and Latvian Government Unite to Boost Affordable Housing Development Amidst Growing Shortage

(IN BRIEF) The European Investment Bank (EIB) is partnering with the Latvian government and the Latvian State Real Estate Company (SRE) to promote the development of affordable rental housing in Latvia. This initiative will be supported by the EIB’s Advisory … Read the full press release

EBRD Invests in Sava Re’s Historic Tier 3 Subordinated Bond Issuance, Boosting Slovenia’s Capital Markets

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested €5 million in Pozavarovalnica Sava (Sava Re), facilitating the first-ever Tier 3 subordinated bond issuance by an insurer in Slovenia and the broader central and southeastern European region. … Read the full press release

Ratcliffe-on-Soar Power Station Marks End of Coal Generation in the UK After 140 Years

(IN BRIEF) The Ratcliffe-on-Soar power station, operated by Uniper near Nottingham, officially ceased coal generation on September 30, 2024, marking the end of over 140 years of coal-fired power in the UK. Since its commissioning in 1967, the station has … Read the full press release

Mercedes-Benz eActros 600 Takes Center Stage at Oktoberfest with Impressive Beer and Pretzel Deliveries

(IN BRIEF) Mercedes-Benz’s eActros 600 played a key role in supplying Munich’s Oktoberfest, delivering around 82,000 liters of beer and fresh pretzels. The electric truck, operated by Lettl Transportation GmbH, transported beer for the Hofbräuhaus Brewery using a 27,500-liter tank … Read the full press release

Wolters Kluwer Honored with International Business Award for Innovative Beneficial Ownership Reporting Platform

(IN BRIEF) Wolters Kluwer has been awarded an International Business Award for its Beneficial Ownership Platform, designed to help businesses comply with the Corporate Transparency Act’s beneficial ownership information (BOI) reporting requirements. Launched on January 1, 2024, the platform simplifies … Read the full press release

Covestro Signs Investment Agreement with ADNOC, Supporting €62.00 Takeover Offer for Shareholders

(IN BRIEF) Covestro AG has signed an Investment Agreement with ADNOC International Germany Holding AG, which supports ADNOC’s public takeover offer for all Covestro shares at €62.00 each, valuing the company at approximately €11.7 billion. The agreement ensures ADNOC’s commitment … Read the full press release

Experian Completes A$820 Million Acquisition of Illion, Expanding Data Solutions in Australia and New Zealand

(IN BRIEF) Experian has successfully completed its A$820 million acquisition of illion, a consumer and commercial credit bureau in Australia and New Zealand. This integration will merge illion’s team, data, software, and intellectual property into Experian, creating a unified business … Read the full press release

Future Growth Capital Reveals Leadership Team to Enhance Private Market Investments for UK Pension Savers

(IN BRIEF) Future Growth Capital (FGC), the private markets investment manager launched by Schroders plc and Phoenix Group, has announced its senior leadership team to support investment opportunities in private markets for UK pension savers. Paul Forshaw has been appointed … Read the full press release

Vienna Stock Exchange Sees Record Trading Volumes and Bond Listings in Q3 2024

(IN BRIEF) The Vienna Stock Exchange reported a strong performance in the third quarter of 2024, highlighted by exceptionally high trading volumes, record bond listings, and a new peak for the ATX Total Return Index, which reached 8,706.77 points on … Read the full press release

Kapsch TrafficCom Celebrates the Launch of Complete 540 Phase 1, Enhancing Connectivity in North Carolina

(IN BRIEF) Kapsch TrafficCom has announced the successful opening of Complete 540 Phase 1, an extension of the Triangle Expressway in North Carolina, which commenced traffic on September 25th. This project enhances regional connectivity and aims to reduce travel times … Read the full press release

Euronext’s ELITE Ecosystem Launches First Cohort of French Companies to Drive Sustainable Growth

(IN BRIEF) Euronext’s ELITE ecosystem has launched its first cohort of five French companies, aimed at supporting their sustainable growth and enhancing their access to capital markets. This marks a significant milestone for ELITE, which now includes over 2,300 companies … Read the full press release

Euronext Expands Service Offerings with Strategic Acquisition of Acupay Group

(IN BRIEF) Euronext has announced the acquisition of the majority of Acupay Group’s business, a leader in financial reporting, corporate actions, cross-border tax relief, and securities processing. Founded in 2005, Acupay offers technology solutions that help cross-border investors avoid double … Read the full press release

DNV Partners with Industry Leaders to Decarbonize the UK Electricity Network by Reducing SF6 Emissions

(IN BRIEF) DNV is collaborating with a consortium of industry partners to tackle the environmental impact of sulphur hexafluoride (SF6) within the UK’s electricity transmission network. This project aims to significantly reduce SF6 emissions and promote the transition to alternatives, … Read the full press release

CACEIS Enhances Middle-Office Capabilities through Collaboration with Nephelai

(IN BRIEF) CACEIS has announced its integration of Nephelai’s machine learning solution into its Middle-office Trade Management services as part of its digital transformation strategy. This technology enhances transaction processing by capturing, verifying, and enriching data while monitoring settlements and … Read the full press release

ORLEN Expands Sustainable Fuel Portfolio with HVO100 Biofuel Sales in Germany

(IN BRIEF) The ORLEN Group has launched sales of its HVO100 biofuel at two service stations in Germany, with plans to expand further. HVO100, made from vegetable oils and waste products such as used cooking oil, can reduce greenhouse gas … Read the full press release

SEB’s AI Fund Posts Strong First-Year Performance, Highlighting Growth in AI Infrastructure and Trends

(IN BRIEF) SEB’s newly launched AI fund has reported impressive first-year results, outperforming global benchmarks under the management of Alexander Winberg. The fund focuses on investing in companies advancing artificial intelligence, with its performance exceeding both world and benchmark indices. … Read the full press release

Alfa Laval AB Announces Nomination Committee for 2025 Annual General Meeting

(IN BRIEF) Alfa Laval AB has appointed its Nomination Committee for the 2025 Annual General Meeting (AGM), which includes representatives from major shareholders: Jörn Rausing (Winder Holding), Daniel Kristiansson (Alecta Tjänstepension Ömsesidigt), Lennart Francke (Swedbank Robur Fonder), Anders Oscarsson (AMF-Försäkring … Read the full press release

Indra Enhances Spanish Air and Space Forces with Advanced Lanza 3D Radar Systems

(IN BRIEF) Indra has deployed the advanced Lanza 3D long-range radar system for the Spanish Air Surveillance Squadron 2 (EVA-2) in Toledo, enhancing Spain’s air defense capabilities. This deployment is the first of five new radar systems designed to detect … Read the full press release

Introducing the Next Generation of New Holland T5 Dual Command Tractors: Enhanced Features and Modern Styling

(IN BRIEF) New Holland has introduced the next generation of its T5 Dual Command tractor range, featuring a modern exterior and enhanced functionality aimed at improving productivity and operator comfort. The updated lineup, showcased at the Sommet de l’Élevage fair … Read the full press release

Empowering Small-Scale Farmers: How Solidaridad is Transforming Coffee Production

(IN BRIEF) On World Coffee Day, Solidaridad highlights its ongoing commitment to supporting small-scale coffee farmers as they transform into climate advocates and community leaders. Since launching the world’s first Fairtrade coffee in Mexico in the 1980s, Solidaridad has tackled … Read the full press release

Evonik Oxeno Enhances Production of ELATUR® Plasticizers to Meet Rising Market Demand

(IN BRIEF) Evonik Oxeno has announced a significant expansion of its production capabilities for INA-based plasticizers, specifically ELATUR® CH (DINCH) and ELATUR® DINCD, to meet the growing market demand. The expansion will take place at the existing C4 production facilities … Read the full press release

Evonik Initiates Major Silica Expansion at Charleston Facility to Meet Rising Demand

(IN BRIEF) Evonik has commenced a major expansion at its Charleston site in Berkeley County, South Carolina, aimed at increasing the production capacity of precipitated silica by 50% to meet rising demand from the tire industry, especially for green tires. … Read the full press release

Sener Plays Key Role as California’s High-Speed Rail Project Achieves Environmental Certification for Palmdale-Burbank Segment

(IN BRIEF) The Palmdale-Burbank segment of California’s high-speed rail project, connecting San Francisco and Los Angeles, has received environmental certification from the California High-Speed Rail Authority (CHSRA). This section, covering approximately 70 kilometers, includes complex tunneling and traverses various landscapes. … Read the full press release

GRAHAM Facilities Management and Civil Engineering Celebrate Success at WaterAid In Golf Day 2024

(IN BRIEF) GRAHAM Facilities Management and Civil Engineering sponsored the 2024 Charity Golf Day at Rockmount Golf Club, organized in collaboration with the Chartered Institution of Water and Environmental Management (CIWEM) to support WaterAid. The event successfully raised approximately £15,000, … Read the full press release

Loughborough University and Charnwood Forest Geopark Forge New Partnership

(IN BRIEF) Loughborough University has established a partnership with the Charnwood Forest Geopark organization to support its bid for UNESCO Global Geopark status. The collaboration will involve research, education, and community outreach initiatives aimed at promoting the rich geological and … Read the full press release

EMPA Researchers Pioneering Nanoceramics for Innovative Skin Disease Treatment

(IN BRIEF) On October 1, 2024, Andrea Six reported on the groundbreaking work by EMPA researchers in collaboration with Aldena Therapeutics to develop nanoceramic “stars” for treating common skin conditions like psoriasis and neurodermatitis. These nanoceramic structures temporarily create micro-wounds … Read the full press release

Saab AB Announces Nomination Committee for Upcoming Annual General Meeting 2025

(IN BRIEF) Saab AB has announced the establishment of its Nomination Committee ahead of the Annual General Meeting (AGM) scheduled for April 10, 2025, in Linköping, Sweden. The committee, formed based on the shareholder structure as of August 31, 2024, … Read the full press release