Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Tubulis Recognized as One of 2024’s “Fierce 15” Biotechnology Companies by Fierce Biotech

(IN BRIEF) Tubulis has been named one of 2024’s “Fierce 15” biotechnology companies by Fierce Biotech. This recognition celebrates Tubulis’ innovative work in ADC development and its commitment to improving cancer treatment outcomes. With significant recent advancements, including a €128 … Read the full press release

Elmos Semiconductor SE Welcomes New Apprentices and Dual Students to Shape High-Tech Future

(IN BRIEF) Elmos Semiconductor SE has welcomed 10 new apprentices and four dual students at its Dortmund location, bringing the total to 43. The company offers a range of technical and commercial apprenticeship programs, along with dual study options. Elmos … Read the full press release

DBAG Invests in UNITY AG to Enhance Digital Transformation and Consulting Services

(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

TotalEnergies to Sell 50% Stake in TPPL to Gunvor Group, Maintaining Brand Presence in Pakistan

(IN BRIEF) TotalEnergies is selling its 50% stake in Total PARCO Pakistan Limited (TPPL) to Gunvor Group. TPPL, a joint venture with Pak-Arab Refinery Limited (PARCO), operates over 800 service stations and has fuel logistics and lubricants activities in Pakistan. … Read the full press release

ArcelorMittal Acquires 28.4% Stake in Vallourec for €955 Million, Strengthens Board Representation

(IN BRIEF) ArcelorMittal has completed the acquisition of a 28.4% equity interest in Vallourec from Apollo Global Management for approximately €955 million. Following the acquisition, ArcelorMittal executives will join Vallourec’s board. ArcelorMittal does not plan to launch a tender offer … Read the full press release

EBRD’s €20 Million Loan to Allego for EV Charging Stations in Poland

(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

EBRD’s €25 Million Loan for Construction of Two 60 MW Solar Power Plants in Tunisia

(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

CRE8 Program Fosters Employment Opportunities at Mossley Hill Mental Health Facility Construction Site

(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

Polish ESA Project Astronaut Sławosz Uznański to Join Axiom Mission 4 to the ISS

(IN BRIEF) Polish ESA project astronaut Sławosz Uznański will fly to the ISS on Axiom Mission 4 (Ax-4), alongside astronauts from India and Hungary. This mission, supported by ESA and the Polish government, aims to conduct significant scientific and technological … Read the full press release

Empa Thun Celebrates 30 Years as a Leading Center for Materials Technology

(IN BRIEF) Empa’s Thun campus, now an internationally acclaimed center for materials technology, recently celebrated its 30th anniversary. Established in 1994, the campus has grown into a hub of innovation, employing around 90 experts and fostering collaborations with universities and … Read the full press release

Study Advocates for Children’s Right to be Heard in Parental Separation Cases

(IN BRIEF) A study by the University of Exeter recommends that children’s views be considered in parental separation cases to create sustainable child arrangements, reduce court backlogs, and lower financial and emotional costs. The study advocates for family consultation in … Read the full press release

University of Exeter to Relaunch Historic Mining Engineering Degree Programme

(IN BRIEF) The University of Exeter is relaunching its undergraduate Mining Engineering degree programme at the Penryn Campus, starting in the 2025/26 academic year. The programme, part of the University’s Engineering 2030 Strategy, is reintroduced by the Camborne School of … Read the full press release

MorphoSys Finalizes Delisting from Frankfurt and Nasdaq Markets Following Novartis Acquisition

(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

Prudential Appoints Angel Ng as Regional CEO for Greater China Following Lilian Ng’s Retirement

(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

EBRD and GCF Partner with Crédit Agricole Egypt to Boost Small Businesses and Green Investments with $20 Million Loan

(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

EBRD and Eiffel Investment Group Drive Renewable Energy Growth in Romania with €24.4 Million Solar Power Investment

(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

Iberdrola Acquires Majority Stake in Electricity North West, Enhancing Commitment to UK Market

(IN BRIEF) Iberdrola has acquired an 88% stake in Electricity North West (ENW) in the UK for £2.1 billion (€2.5 billion), reinforcing its commitment to investing in strong credit-rated countries. This acquisition makes the UK Iberdrola’s leading market by regulated … Read the full press release

Mahmut Akten to Succeed Recep Baştuğ as CEO of Garanti BBVA and BBVA Country Manager in Turkey

(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

Pirelli Partners with Hill-Climb Champion Simone Faggioli for “Set the Time” Event

(IN BRIEF) Pirelli is partnering with hill-climb champion Simone Faggioli for the first “Set the Time” event during the Rieti-Terminillo hill-climb race on August 4. Faggioli will drive a Porsche 911 (992) equipped with Pirelli’s P Zero Trofeo R tyres … Read the full press release

ABP Boosts Plymouth’s Summer Events with Sponsorship and Infrastructure Investments

(IN BRIEF) Associated British Ports (ABP) is sponsoring two major events in Plymouth this summer: the British Firework Championships on August 14-15 and the World Cadet Championships, running until August 9. The firework event supports the Royal National Lifeboat Institution … Read the full press release