Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

DSV Acquires Schenker in €14.3 Billion Deal, Strengthening Global Logistics Network

(IN BRIEF) DSV has agreed to acquire Schenker, Deutsche Bahn’s logistics subsidiary, for €14.3 billion, marking its largest acquisition to date. The combined company will have a presence in over 90 countries, with a workforce of 147,000 and pro forma … Read the full press release

ZEISS to Unveil AI-Powered Retinal Surgery and Diagnostic Innovations at EURETINA 2024

(IN BRIEF) ZEISS Medical Technology will introduce new digital and AI-driven innovations at the EURETINA 2024 conference. Key highlights include the ZEISS ARTEVO 850 3D digital visualization system and the EVA NEXUS surgical system, which enhance precision and safety in … Read the full press release

International Consortium Invests €35 Million in Abolis Biotechnologies for Sustainable Growth

(IN BRIEF) Abolis Biotechnologies has secured €35 million from a global consortium of investors, including Evonik Venture Capital, BOLD (L’Oréal’s fund), and the DeepTech & Climate Fonds. This investment will help the company expand its biomanufacturing capabilities and bring sustainable, … Read the full press release

EBRD Board of Directors to Engage with Estonia and Latvia on Investment Projects

(IN BRIEF) The EBRD Board of Directors will visit Estonia from 15-17 September and Latvia from 17-20 September 2024 for consultations with senior government officials, business leaders, and international partners. The delegation will review EBRD-funded public and private projects, with … Read the full press release

EIB and ESB Partnership Drives Success of Ireland’s Smart Metering Programme

(IN BRIEF) EIB Vice President Ioannis Tsakiris praised the collaboration between the European Investment Bank (EIB) and ESB in supporting Ireland’s National Smart Metering Programme. Backed by €450 million in EIB funding, the initiative aims to help 2 million Irish … Read the full press release

MATR Foods Secures €20 Million EIB Loan to Boost Plant-Based Meat Production

(IN BRIEF) Danish foodtech start-up MATR Foods has received a €20 million loan from the European Investment Bank (EIB) to expand its production of plant-based meat alternatives. Backed by the European Commission’s InvestEU initiative, the funding will help MATR build … Read the full press release

DNV and Brinav Partner to Advance Autonomous Shipping Technology

(IN BRIEF) DNV and Brinav have signed a memorandum of understanding (MOU) to accelerate the development and approval of autonomous and remote-controlled shipping technologies. This collaboration aims to improve maritime safety and efficiency by advancing Maritime Autonomous Surface Ships (MASS). … Read the full press release

Beyond Leather Materials and Covestro Partner to Develop Sustainable Leather Alternative from Apple Waste

(IN BRIEF) Beyond Leather Materials has partnered with Covestro to develop LEAP®, a sustainable leather alternative made from over 85% bio-based materials, primarily apple waste. Covestro’s INSQIN® technology provides a durable, premium coating for LEAP®, offering a low-VOC, eco-friendly solution. … Read the full press release

GSK’s mRNA Flu Vaccine Candidate Moves to Phase III After Positive Phase II Results

(IN BRIEF) GSK has reported positive results from its phase II trial for an mRNA seasonal influenza vaccine candidate, showing strong immune responses against influenza A and B strains in both younger and older adults. The trial met success criteria … Read the full press release

ST Telemedia Global Data Centres Switches to Neste’s Renewable Diesel in Singapore

(IN BRIEF) ST Telemedia Global Data Centres (STT GDC) has become the first data center operator in Singapore to power its backup generators with Neste MY Renewable Diesel™, thanks to a collaboration with Neste. The switch, made in July 2024, … Read the full press release

SGS Celebrates Three Years of Supporting Morocco’s Product Conformity Assessment Program

(IN BRIEF) SGS celebrates three years of supporting Morocco’s Product Conformity Assessment (PCA) program, which ensures compliance with national standards across 419 product categories. The program, launched by Morocco’s Ministry of Industry and Trade, protects consumers and promotes fair competition … Read the full press release

NIB Provides SEK 200 Million Loan for Energy-Efficient Renovations of Bonnier Fastigheter’s Properties

(IN BRIEF) The Nordic Investment Bank (NIB) has granted an eight-year SEK 200 million (EUR 17.05 million) loan to Bonnier Fastigheter AB to fund the refurbishment of five buildings in Stockholm and Uppsala. The renovations focus on improving energy efficiency, … Read the full press release

Scania Unveils Expanded Electric and Biofuel Truck Range at IAA 2024

(IN BRIEF) At IAA Transportation 2024 in Hanover, Scania is showcasing its latest electrified and biofuel-powered heavy trucks, including a new battery electric tractor and a versatile range of trucks for various applications. Scania’s modular design allows for customized electric … Read the full press release

DHL Express Invests Over €100 Million to Expand Capacity for 2024 Peak Season

(IN BRIEF) DHL Express is preparing for the 2024 peak season by investing over €100 million to boost its transport and handling capacity. The company will deploy eight new Boeing 777 freighters on key routes between Asia and Europe, improving … Read the full press release

BASF Expands Sustainable Sourcing Initiatives in Latest Responsible Sourcing Report

(IN BRIEF) BASF has released its second Responsible Sourcing Report, highlighting progress in sustainable sourcing within its Care Chemicals division. Key achievements in 2023 include sourcing 96% of palm oil from RSPO-certified mills, expanding partnerships with Solidaridad to support smallholder … Read the full press release

BASF-Backed Research Expands Recyclability of Polyamide-Based Packaging Films in 2024 Standards

(IN BRIEF) The 2024 recycling standards from the Central Agency Packaging Register (ZSVR) now recognize polyethylene (PE), polyamide (PA), and ethylene-vinyl alcohol copolymer (EVOH) high-barrier films as recyclable, thanks to research by BASF and the cyclos-HTP Institute. These films, commonly … Read the full press release

Deutsche Telekom Unveils Green AI Principles to Boost Sustainability Efforts

(IN BRIEF) Deutsche Telekom has introduced nine green AI principles aimed at reducing the environmental impact of artificial intelligence while enhancing its benefits. These principles focus on energy efficiency, sustainable coding, and transparent carbon tracking. Already, Deutsche Telekom is using … Read the full press release

Boliden Delays Odda Zinc Smelter Expansion, Increases Project Costs by €100 Million

(IN BRIEF) Boliden has announced a delay in its Odda zinc smelter expansion project, pushing the ramp-up of production from 200 to 350 ktonnes to the end of Q1 2025 due to construction delays at the roasting facility. This setback … Read the full press release

Ukrgasbank and PrivatBank Join EBRD’s €700 Million Energy Security Initiative in Ukraine

(IN BRIEF) Ukrgasbank and PrivatBank are the first two Ukrainian banks to join the European Bank for Reconstruction and Development’s (EBRD) Energy Security Support Facility (ESSF), unlocking €700 million in loans for energy security projects. The EBRD will provide risk-sharing … Read the full press release

EBRD Unlocks €690 Million in Loans for Ukraine’s Key Industries Amid Wartime Recovery

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced new guarantees to unlock €690 million in loans for Ukraine’s critical industries, including food security and energy, through partnerships with Ukrainian banks such as PrivatBank, Ukrgasbank, KredoBank, and … Read the full press release

Ukraine Reopens Two Renovated Schools in Vinnytsia Oblast with EIB and EU Support

(IN BRIEF) Two schools in Vinnytsia Oblast, Ukraine, have reopened after energy-efficient renovations funded by the European Investment Bank (EIB) under the Ukraine Recovery Programme. These upgrades, benefiting over 700 students and staff, reduce CO2 emissions and energy consumption while … Read the full press release

EIB Vice President Celebrates 35-Year Partnership with UCD, Highlighting Campus Transformation

(IN BRIEF) European Investment Bank (EIB) Vice President Ioannis Tsakiris visited University College Dublin (UCD) to celebrate a 35-year partnership that has contributed €453 million towards transforming the university’s academic, scientific, and residential infrastructure. UCD President Professor Orla Feely acknowledged … Read the full press release

Ireland and EIB Collaborate to Advance Offshore Wind Port Infrastructure

(IN BRIEF) The Irish Department of Transport and the European Investment Bank (EIB) have announced a partnership to develop port infrastructure critical for supporting offshore wind projects in Irish waters. The collaboration, led by Minister Eamon Ryan and EIB Vice … Read the full press release

EIB Vice President’s Visit to Ireland Focuses on Social Housing and Green Investment

(IN BRIEF) EIB Vice President Ioannis Tsakiris visited Ireland to discuss key investment priorities with Finance Minister Jack Chambers, focusing on social housing, energy efficiency, and innovation. They reviewed the impact of the €1.6 billion EIB investment from 2023 and … Read the full press release

Ericsson Unveils 5G and FRMCS Solutions for Railways at InnoTrans 2024

(IN BRIEF) At InnoTrans 2024, Ericsson will showcase its 5G and Future Railway Mobile Communication System (FRMCS) solutions aimed at improving rail safety, efficiency, and the passenger experience. The 5G Corridors will provide high-speed connectivity for passengers, while FRMCS will … Read the full press release

WACKER Successfully Captures CO2 from Silicon Production Process in Groundbreaking Pilot

(IN BRIEF) WACKER has successfully tested a CO2 capture process at its Holla, Norway, site, achieving a 95% capture rate of emissions from silicon production. Using technology from SLB-ACC JV, the pilot marks a major step toward climate-neutral silicon manufacturing. … Read the full press release

Infineon Develops World’s First 300 mm Power GaN Technology, Boosting Semiconductor Efficiency

(IN BRIEF) Infineon Technologies has pioneered the world’s first 300 mm power gallium nitride (GaN) wafer technology, enhancing production efficiency by offering 2.3 times more chips per wafer compared to the previous 200 mm process. This breakthrough will accelerate GaN … Read the full press release

ZF LIFETEC Advances Vehicle Safety with Innovative Hybrid Testing Methods

(IN BRIEF) ZF LIFETEC is enhancing vehicle occupant protection through advanced physical and virtual testing methods at its global tech centers. By combining real-life crash simulations with virtual testing, ZF shortens development cycles and tailors safety systems like seat belts … Read the full press release

Schneider Electric Launches Free Zeigo™ Activate Lite for Simplified Emissions Management

(IN BRIEF) Schneider Electric has introduced Zeigo Activate Lite, a free version of its emissions management platform, designed to help businesses—especially SMEs—track and reduce their carbon emissions. The software allows users to establish emissions baselines, set decarbonization goals, and calculate … Read the full press release

EIB Partners with Austrian Savings Banks to Fund 1,750 Affordable Green Homes in Salzburg and Innsbruck

(IN BRIEF) The European Investment Bank (EIB) is providing up to €175 million in loans to Salzburger Sparkasse and Tiroler Sparkasse to fund the construction of 1,750 affordable and energy-efficient rental flats in Salzburg and Innsbruck. The project aims to … Read the full press release

Equinor Reduces CO2 Emissions by 250,000 Tonnes Annually with Partial Electrification of Troll B and C Platforms

(IN BRIEF) Equinor has partially electrified its Troll B and C platforms, cutting annual CO2 emissions by 250,000 tonnes as part of the Troll West Electrification (TWEL) project. This move is in line with the company’s goal to halve emissions … Read the full press release

PanTera Raises €134 Million to Tackle Global Actinium-225 Shortage for Cancer Therapies

(IN BRIEF) Belgium-based PanTera has raised €134 million in a Series A funding round led by EQT Life Sciences to accelerate the large-scale production of actinium-225 (225Ac), a crucial isotope for Targeted Alpha Therapy (TAT) used in cancer treatment. The … Read the full press release

Metso Launches Upgraded Larox® PF 60 Filter and Expands Machining Capacity in Finland

(IN BRIEF) Metso has unveiled an upgraded version of its Larox® PF 60 pressure filter, designed to improve safety, efficiency, and dewatering capacity for the mining and process industries. The new filter reduces water and oil usage by up to … Read the full press release

Otto Group Becomes First in Europe to Implement Boston Dynamics’ Stretch Robot for Logistics

(IN BRIEF) The Otto Group has integrated Boston Dynamics’ Stretch robot into its logistics operations, becoming the first in Europe to do so. The robot is designed to autonomously unload containers, increasing efficiency and addressing labor shortages. This move is … Read the full press release

EIB Funds New Wind Farm in Lower Austria to Power 40,000 Homes with Clean Energy

(IN BRIEF) The European Investment Bank (EIB) has provided €20.1 million to WEB Windenergie AG (W.E.B) for the construction of a new wind farm in Spannberg, Lower Austria. The project’s first phase will build four wind turbines, with plans to … Read the full press release

Hydro Opens New Aluminium Recycling Plant in Hungary to Meet Growing Demand for Sustainable Materials

(IN BRIEF) Hydro has opened a new aluminium recycling plant in Székesfehérvár, Hungary, with a capacity of 90,000 tonnes, primarily serving the automotive sector. The facility processes post-consumer scrap and production waste, supporting the demand for low-carbon, recycled aluminium. This … Read the full press release

Continental Expands Aftermarket Product Range to Meet Electric Vehicle and Euro 7 Standards

(IN BRIEF) Continental has announced a major expansion of its aftermarket product offerings, including new sensors for driver assistance systems, chassis components, and high-pressure fuel pumps. The launch also includes the ATE New Original brake line, designed for electric vehicles … Read the full press release

Continental Advances Sustainability in Automotive Aftermarket with New Eco-Friendly Products

(IN BRIEF) At Automechanika 2024, Continental unveiled new sustainable products, including the CONTI NXT Multi V-belt, made from nearly two-thirds recycled and renewable materials, and the ATE New Original brake line for electric vehicles. These innovations aim to reduce environmental … Read the full press release

Oban Welcomes Leading Marine Scientists for Challenger Society Conference 2024

(IN BRIEF) Oban, Scotland, hosted the 2024 Challenger Society Conference, bringing together 267 marine scientists to discuss pressing global issues like climate change, biodiversity loss, and ocean education. The event, praised for both its scientific discussions and local hospitality, included … Read the full press release

Schroders Appoints Richard Oldfield as New Group CEO, Succeeding Peter Harrison

(IN BRIEF) Schroders plc has named Richard Oldfield as its next Group Chief Executive, effective November 8, 2024, pending regulatory approval. Oldfield, who joined Schroders in 2023 as CFO after a 30-year career at PwC, will succeed Peter Harrison, who … Read the full press release