Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Vattenfall Sets the Standard for Sustainability in Renewable Energy with New Leadership Recognition

(IN BRIEF) Vattenfall has been recognized as a leader in sustainability within the renewable energy sector following an independent assessment under the International Responsible Business Conduct (IRBC) Agreement. This agreement unites various stakeholders, including businesses, trade unions, and civil society … Read the full press release

Vattenfall Aims for Electrofuels in Aviation Amid Market Hesitation: A Look Towards the Future

(IN BRIEF) Vattenfall is actively pursuing the development of electrofuels for the aviation industry, specifically focusing on producing electro-sustainable aviation fuel (eSAF) on a large scale. Despite this ambition, the market remains hesitant, with significant growth expected to be delayed … Read the full press release

Kuehne+Nagel and LEGO Unveil State-of-the-Art Distribution Center in Australia, Advancing Sustainable Supply Chain Solutions

(IN BRIEF) Kuehne+Nagel and the LEGO Group have inaugurated a new distribution center in Truganina, Victoria, to enhance supply chain operations across Australia and New Zealand. This facility spans 26,500 square meters and can store up to 26,000 pallets, catering … Read the full press release

NAGRAVISION and Airties Team Up to Enhance Cybersecurity Solutions for Homes and Small Businesses

(IN BRIEF) NAGRAVISION has partnered with Airties to integrate the NAGRA Scout cybersecurity suite into Airties’ Smart Wi-Fi portfolio, marking a significant step toward bolstering digital security for residential and small business customers. This collaboration aims to provide a comprehensive … Read the full press release

Alstom Secures €850 Million Contract with Proxima for 12 Avelia Horizon High-Speed Trains and 15 Years of Maintenance

(IN BRIEF) Alstom has announced a significant contract with Proxima, marking the first independent entry into France’s high-speed rail market. The agreement involves the supply of 12 Avelia Horizon very high-speed trains and includes 15 years of maintenance services to … Read the full press release

Arriva Launches First Electric Bus Fleet in Budapest with Landmark Zero-Emission Contracts

(IN BRIEF) Arriva has been awarded two pioneering 12-year contracts by the Budapest Transport Centre (BKK), making it the first operator of an electric bus fleet in Hungary’s capital. Set to launch by the end of 2025, the fleet will … Read the full press release

WMG Unveils Safety Pool™ Studio, Empowering Public Input in Automated Vehicle Safety

(IN BRIEF) The University of Warwick’s WMG has launched the Safety Pool™ Studio, an innovative online platform designed to enable public participation in shaping the safety of Automated Vehicles (AVs). This first-of-its-kind platform allows users to create driving scenarios based … Read the full press release

Standard Chartered Unveils Sustainable Finance Options with New Borrowing Base Trade Loans

(IN BRIEF) Standard Chartered has officially launched its Sustainable Finance variants of Borrowing Base Trade Loans (BBTL), enhancing its suite of Sustainable Trade Finance solutions to support the decarbonization of the commodities sector. This innovative financing option will be accessible … Read the full press release

EIB Grants €150 Million Loan to Pekao Leasing to Boost Financing for Polish SMEs and Green Initiatives

(IN BRIEF) The European Investment Bank (EIB) has granted a €150 million loan to Pekao Leasing to bolster financing for small and medium-sized enterprises (SMEs) in Poland, with a focus on less-developed regions and a minimum of 20% allocated to … Read the full press release

Wood and Petrobras Collaborate to Revolutionize FPSO Design for Enhanced Safety and Sustainability

(IN BRIEF) Wood has entered a partnership with Brazilian national oil company Petrobras to develop innovative concept studies for future Floating Production Storage and Offloading (FPSO) units. The collaboration aims to optimize performance and reduce emissions over the next decade. … Read the full press release

Stagecoach to Launch Zero-Emission Cycle Shuttle Bus for Silvertown Tunnel Opening in 2025

(IN BRIEF) Stagecoach has been chosen by Transport for London to supply zero-emission buses for a new cycle shuttle service associated with the Silvertown Tunnel, which is under construction beneath the Thames and set to open in 2025. The 1.4-kilometer … Read the full press release

Breakthrough Peptide Inhibitor Targets Tau Protein Aggregation, Paving the Way for New Alzheimer’s Treatments

(IN BRIEF) An international team of researchers has made a significant breakthrough in Alzheimer’s drug development with the introduction of RI-AG03, a novel peptide inhibitor that targets and inhibits two key aggregation-promoting hotspots of the Tau protein, which is critical … Read the full press release

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