Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

EIB Supports Iberdrola with €120 Million Loan to Accelerate Spain’s Renewable Energy and Grid Innovations

(IN BRIEF) The European Investment Bank (EIB) has provided a €120 million loan to Iberdrola to advance research, development, and innovation projects in Spain’s energy sector, with a total investment of €250 million. The projects will focus on renewable energy … Read the full press release

Fleet Solid Support Ships Programme Reaches Major Design Milestone with BMT Leading Functional Design in Preliminary Design Review

(IN BRIEF) The Fleet Solid Support (FSS) Ships programme for the Royal Fleet Auxiliary has successfully completed its Preliminary Design Review (PDR), marking a major milestone in the project. Led by Navantia UK as the prime contractor and BMT overseeing … Read the full press release

Altor Sells Carnegie Investment Bank to DNB, Marking a New Chapter for the Leading Nordic Firm

(IN BRIEF) Altor Fund III has announced the sale of Carnegie Investment Bank, a top Nordic investment bank and asset manager, to DNB Bank ASA. Altor acquired Carnegie in 2009 and has since helped the firm grow into a market … Read the full press release

Neuberger Berman, EQT, and CPP Investments Lead USD 14.5 Billion Acquisition of Nord Anglia Education

(IN BRIEF) Neuberger Berman, EQT, and CPP Investments, along with a consortium of global investors, have signed agreements to acquire Nord Anglia Education for USD 14.5 billion. Nord Anglia, a leading international schools organization with over 80 schools in 33 … Read the full press release

SGS Endorses Biodiversity Commitment at COP16, Supporting Global Efforts to Halt Nature Loss by 2030

(IN BRIEF) SGS has endorsed the Business for Nature statement at COP16, emphasizing the importance of strong government leadership and the role of businesses in halting biodiversity loss by 2030. As a leader in testing and certification, SGS is committed … Read the full press release

Icade Maintains Top ESG Ratings and Sustainability Leadership in 2024

(IN BRIEF) Icade has been recognized as a top performer in sustainability by leading ESG rating agencies in 2024. GRESB awarded Icade a score of 90/100, Sustainalytics ranked its ESG risk as “negligible,” placing it among the top 4% of … Read the full press release

Barry Callebaut Highlights Commitment to Cocoa Farmers and Sustainability During Cocoa Horizons Week

(IN BRIEF) Barry Callebaut is celebrating Cocoa Horizons Week to showcase its commitment to sustainable cocoa sourcing and improving the livelihoods of cocoa farmers through its Cocoa Horizons Foundation. Founded in 2015, the foundation focuses on addressing challenges in cocoa … Read the full press release

Wainzua Receives EU Recommendation for Treating Hereditary Amyloidosis, Offering New Monthly Self-Administered Option

(IN BRIEF) AstraZeneca and Ionis’ drug Wainzua (eplontersen) has been recommended for approval in the European Union for treating hereditary transthyretin-mediated amyloidosis (ATTRv-PN) in adults with stage 1 or 2 polyneuropathy. Based on the positive results from the NEURO-TTRansform Phase … Read the full press release

Stadler to Supply Battery-Powered Locomotives for RATP, Supporting Sustainable Maintenance of Paris Metro

(IN BRIEF) The Paris Metro operator, RATP, has commissioned Stadler to deliver twelve custom-made battery-powered locomotives for use in maintenance, service, and repair work across the metro’s 245-kilometer network. These locomotives, set to be introduced by 2027, will operate on … Read the full press release

Global Finance Leaders Show Optimism, Emphasizing Innovation and Adaptation in SIX Future of Finance Study

(IN BRIEF) The SIX Annual Future of Finance Study reveals that 53% of global financial executives are optimistic about economic improvement in the coming year, though many recognize the need for strategic adjustments to harness growth opportunities. Key growth drivers … Read the full press release

Lindner Unveils Sustainable Glass Partitions with Eco-Friendly Wood Composite Frames

(IN BRIEF) Lindner has launched the Lindner Life Stereo GCC, a sustainable glass partition system that replaces aluminium frames with those made from German Compact Composite (GCC), a material consisting of up to 75% natural fibres sourced from wood waste. … Read the full press release

GSK and Cambridge University Join Forces with £50 Million Investment to Tackle Kidney and Respiratory Diseases Using AI

(IN BRIEF) GSK and the University of Cambridge have announced a £50 million, five-year collaboration called the Cambridge-GSK Translational Immunology Collaboration (CG-TIC) to accelerate research and development in kidney and respiratory diseases. The initiative combines GSK’s expertise in immunology and … Read the full press release

Novo Nordisk’s Oral Semaglutide Reduces Cardiovascular Risk by 14% in Type 2 Diabetes Patients, SOUL Trial Shows

(IN BRIEF) Novo Nordisk’s SOUL trial has shown that oral semaglutide reduces the risk of major adverse cardiovascular events (MACE) by 14% in adults with type 2 diabetes and established cardiovascular disease or chronic kidney disease. The trial involved 9,650 … Read the full press release

Imperva Warns of Surge in AI-Driven Cyberattacks Targeting Retailers Ahead of Holiday Shopping Season

(IN BRIEF) Imperva, a cybersecurity leader, warns that cybercriminals are increasingly using AI tools and Large Language Models (LLMs) to launch sophisticated attacks on eCommerce platforms ahead of the holiday shopping season. These AI-driven threats include business logic abuse, DDoS … Read the full press release

Landis+Gyr Enhances INCH Duo Charger to Meet PAS 1899 Accessibility Standards for Inclusive EV Charging

(IN BRIEF) Landis+Gyr has upgraded its INCH Duo charging station to meet the PAS 1899 specification, aimed at improving accessibility for all users, including those with disabilities. The PAS 1899 guidelines, developed in collaboration with Motability and the Office for … Read the full press release

SSAB and Parmaco to Construct World’s First Building Using Fossil-Free Steel by 2025

(IN BRIEF) SSAB and Parmaco have partnered to build the world’s first concept building made entirely from fossil-free steel, using SSAB’s HYBRIT® technology. This innovative process replaces coal with hydrogen and fossil-free electricity in steel production, reducing CO2 emissions. Construction … Read the full press release

Sanofi and CD&R Join Forces to Propel Opella’s Global Consumer Healthcare Expansion

(IN BRIEF) Sanofi and CD&R have entered exclusive negotiations for CD&R to acquire a 50% controlling stake in Opella, Sanofi’s consumer healthcare business, while Sanofi retains a significant share. The partnership aims to support Opella’s growth as a global leader … Read the full press release

LEGO Kladno Factory Doubles Solar Energy Capacity, Slashes Carbon Emissions by 9%

(IN BRIEF) The LEGO factory in Kladno, Czech Republic, has completed an expansion of its rooftop solar park, more than doubling its renewable energy capacity from 1 MWp to 2.5 MWp. This expansion is expected to reduce the factory’s carbon … Read the full press release

University of York Researchers Investigate the Threat of Climate Change and Flooding on Earthworm Populations

(IN BRIEF) Researchers at the University of York, led by Professor Mark Hodson, are launching a two-year study to examine how climate change and increasing flooding in the UK are affecting earthworm populations. Earthworms play a vital role in maintaining … Read the full press release

wienerberger Showcases Sustainable Innovation in Roofing and Water Management at First Investor Day

(IN BRIEF) wienerberger recently hosted its first-ever Investor Day in Sittingbourne, UK, where it presented its strategic focus on sustainable growth in the construction and infrastructure sectors. The company highlighted innovations in water management and roofing systems, positioning itself to … Read the full press release

EBRD Funds A101’s Green and Inclusive Growth with $200 Million Sustainability Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $200 million loan to Turkish retailer A101 to support its sustainability efforts. The loan will help A101 reduce energy consumption, install solar panels, and expand its store … Read the full press release

Montenegrin Companies Invest in Green Technologies with EBRD and EU Backing for Sustainable Growth

(IN BRIEF) Montenegrin companies Merkator International and IceCom are making significant strides in sustainability with the help of a joint initiative from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU). The program helps businesses invest … Read the full press release

OLAF and AFCOS Strengthen Cooperation to Combat Fraud at International Conference

(IN BRIEF) The European Anti-Fraud Office (OLAF) hosted a conference in Brussels with representatives from national Anti-Fraud Coordination Services (AFCOS) across the EU and candidate countries to enhance cooperation in fighting fraud. The event emphasized the need for collective action … Read the full press release

European Parliament to Award 2024 Daphne Caruana Galizia Prize for Outstanding Investigative Journalism

(IN BRIEF) The Daphne Caruana Galizia Prize for Journalism 2024 will be awarded on October 23 at the European Parliament in Strasbourg. The ceremony, opened by President Roberta Metsola, will announce one winner from 13 finalists, recognizing investigative journalism that … Read the full press release

EIB to Unveil New Financial Support for Ukraine and Climate-Affected Nations at Annual IMF and World Bank Meetings

(IN BRIEF) The European Investment Bank (EIB) will announce new financial support for Ukraine and innovative funding solutions for climate-affected nations at the 2024 International Monetary Fund and World Bank Annual Meetings. Led by President Nadia Calviño, the EIB delegation … Read the full press release

TotalEnergies to Sell Brazilian Fuel Distribution Network to SIM Distribuidora as Part of Strategic Shift

(IN BRIEF) TotalEnergies has signed an agreement to sell its fuel distribution business in Brazil to SIM Distribuidora, a company under Grupo Argenta. The deal includes approximately 240 fuel stations and several storage facilities. This move is part of TotalEnergies’ … Read the full press release

HENSOLDT and Raytheon Strengthen Partnership with New MoU to Boost NATO EO/IR Systems Readiness

(IN BRIEF) At the AUSA 2024 conference, HENSOLDT and Raytheon signed a Memorandum of Understanding (MoU) to enhance cooperation on Electro-Optical/Infrared (EO/IR) systems for NATO forces. The agreement aims to improve sustainment and readiness by bringing support closer to operational … Read the full press release

Celebrating Democratic Design: IKEA and VINÇON Collaborate on New Exhibition at DHUB Barcelona

(IN BRIEF) IKEA and VINÇON are collaborating on an exhibition at Disseny Hub Barcelona, running until February 2025, which explores the shared vision of both brands to democratize design. Titled “100 IKEA Objects We Would Have Liked to Have Had … Read the full press release

Sandvik’s Impossible Statue Campaign Wins Multiple Golds at Swedish Content Awards and International Accolades

(IN BRIEF) The Impossible Statue campaign, a collaboration between Sandvik Manufacturing and Machining Solutions and the Sandvik Group, continues to win accolades, receiving two golds at the Swedish Content Awards in the categories of Employer Branding and Industry & Energy. … Read the full press release

Wolters Kluwer Provides Key Compliance Resources for Startups Ahead of Corporate Transparency Act Reporting Deadline

(IN BRIEF) Wolters Kluwer CT Corporation is helping startups navigate the Beneficial Ownership Information (BOI) filing requirements under the Corporate Transparency Act (CTA) by offering resources such as a white paper and podcast. As the deadline approaches, many startups seek … Read the full press release

Elia Group Study Calls for Enhanced European Cooperation to Maximize Offshore Wind Power Potential

(IN BRIEF) The Elia Group’s new study, “Going like the Wind”, emphasizes the need for stronger cross-border cooperation among European nations to unlock the full potential of offshore wind power in the North Sea, Baltic Sea, Irish Sea, and parts … Read the full press release

ASSA ABLOY to Sell Citizen ID Division to TOPPAN in Strategic Move

(IN BRIEF) ASSA ABLOY has agreed to sell its Citizen ID business, part of HID, to TOPPAN. Citizen ID specializes in providing physical and mobile identity solutions for government programs, employing around 450 people across facilities in Ireland, Malta, and … Read the full press release

Salzgitter AG Highlights SALCOS® Green Steel Initiative at EuroBLECH 2024 for Carbon-Reduced Futureb

(IN BRIEF) Salzgitter AG is preparing to showcase its SALCOS® transformation program at EuroBLECH 2024, a major sheet metal trade fair in Hannover. SALCOS® is a groundbreaking initiative aimed at reducing the company’s carbon emissions in steel production by 95% … Read the full press release

Hiab Unveils MULTILIFT TALON to Revolutionize Defence Logistics with Advanced Automation

(IN BRIEF) Hiab, part of Cargotec, has unveiled the MULTILIFT TALON, a cutting-edge container handling system designed to transform logistics for defence forces. The new system allows for automated transitions between Flatrack and ISO Container modes directly from the vehicle … Read the full press release

Airbus, Kansai Airports, and Kawasaki Partner to Explore Hydrogen Infrastructure for Future Aviation in Japan

(IN BRIEF) Airbus, Kansai Airports, and Kawasaki Heavy Industries have signed an agreement to explore the feasibility of hydrogen infrastructure at three key airports in Japan’s Kansai region. This collaboration is part of Airbus’s “Hydrogen Hub at Airports” initiative, which … Read the full press release

EIB and European Environment Agency Deepen Partnership to Drive Climate Action and Biodiversity Protection

(IN BRIEF) The European Investment Bank (EIB) and the European Environment Agency (EEA) have strengthened their collaboration through a new Memorandum of Understanding (MoU) to promote climate action, biodiversity protection, and sustainable finance. The partnership will focus on sharing data, … Read the full press release

EIB Supports BeDimensional with €20 Million to Boost Graphene Production and Green Tech Innovation in Europe

(IN BRIEF) The European Investment Bank (EIB) has provided €20 million in financing to BeDimensional SpA, an Italian materials manufacturer, to expand production of advanced graphene and other two-dimensional materials. This investment, backed by the InvestEU programme, will help BeDimensional … Read the full press release

EIB and Malta Development Bank Collaborate to Boost Green Investments with New Green Gateway Report

(IN BRIEF) EIB Vice President Kyriacos Kakouris presented the Green Gateway Report during a visit to the Malta Development Bank (MDB). The report, part of a broader €30 million EIB-funded initiative, outlines opportunities to fast-track climate action and green investments … Read the full press release

ANDRITZ Expands Tissue Production in Vietnam with Successful Start-up of Fifth Machine at Xuan Mai Paper Mill

(IN BRIEF) ANDRITZ has successfully started up its fifth PrimeLineCOMPACT S 1800 tissue machine at Xuan Mai Paper mill in Ho Chi Minh City, Vietnam, significantly increasing the mill’s production capacity. The machine produces high-quality tissue from virgin or deinked … Read the full press release

CMU OmniClear and SIX Partner to Boost Cross-Border Securities Investment

(IN BRIEF) CMU OmniClear Limited, a subsidiary of the Hong Kong Monetary Authority, has signed a Memorandum of Understanding (MOU) with SIX to enhance cooperation in securities depository and settlement services. This partnership aims to strengthen cross-border investment opportunities by … Read the full press release