Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

CapMan Infra Invests in ProPellet to Drive Growth and Sustainability in Finland’s Bioenergy Sector

(IN BRIEF) CapMan Nordic Infrastructure II fund has acquired a majority stake in ProPellet Oy, Finland’s leading heat-as-a-service (HaaS) operator and bioenergy producer. ProPellet, which operates over 120 heating sites and produces pellet fuel using forestry by-products, has experienced significant … Read the full press release

Study Highlights Elevated Bleeding Risks When Combining Anticoagulants with NSAIDs

(IN BRIEF) Research published in the European Heart Journal reveals that combining anticoagulants with NSAIDs, such as ibuprofen, diclofenac, or naproxen, significantly increases the risk of internal bleeding. The study, involving over 51,000 patients in Denmark, found that the bleeding … Read the full press release

Katalist Launches as First Book & Claim System to Decarbonize Maritime Shipping

(IN BRIEF) The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and RMI have launched Katalist, the first book & claim system for maritime shipping, enabling cargo owners and forwarders to reduce their carbon footprint without requiring a direct … Read the full press release

AstraZeneca’s Tagrisso Receives EU Recommendation as First Targeted Therapy for Unresectable EGFR-Mutated Lung Cancer

(IN BRIEF) AstraZeneca’s Tagrisso (osimertinib) has been recommended for approval in the EU for treating adult patients with unresectable, locally advanced non-small cell lung cancer (NSCLC) with EGFR mutations who have not experienced disease progression after platinum-based chemoradiation therapy. This … Read the full press release

Vivendi Proposes Strategic Spin-Off of Canal+, Havas, and Louis Hachette Group Ahead of Key Listings

(IN BRIEF) Vivendi has called for a shareholder vote on December 9, 2024, to approve the spin-off of Canal+, Havas, and the Louis Hachette Group. Canal+ plans a London Stock Exchange listing on December 16, following a November 18 Capital … Read the full press release

Thales Delivers Cutting-Edge ForceShield System to Strengthen Portugal’s Air Defence

(IN BRIEF) Thales has signed a landmark contract with the NATO Support and Procurement Agency (NSPA) to provide its ForceShield air defence system to the Portuguese Army. This first-ever ForceShield contract with a European Union country aims to enhance Portugal’s … Read the full press release

Gasum Acquires Hærup Biogas to Boost Nordic Renewable Gas Production and Expand into Denmark

(IN BRIEF) Gasum, the Nordic energy company, has signed a share purchase agreement to acquire 100% of the shares in Denmark-based Hærup Biogas ApS, marking its first biogas plant acquisition in the country. Hærup Biogas currently produces around 40 GWh … Read the full press release

Accenture and ETS Unite to Tackle Global Skills Gap with AI-Driven Talent Management Solution

(IN BRIEF) Accenture and ETS are partnering to launch an innovative talent management solution designed to bridge the global skills gap by integrating ETS’s AI-driven measurement tools, such as Futurenav™, with Accenture’s LearnVantage platform. This end-to-end system will enable organizations … Read the full press release

Alstom Highlights Vision for Urban Mobility at Rail Live! 2024 in Zaragoza

(IN BRIEF) Alstom, a global leader in smart and sustainable mobility, will participate in Rail Live! 2024, Spain’s premier railway sector event, on November 26-27 in Zaragoza. The event, focusing on discussions about the future of rail, will feature Alstom … Read the full press release

Atos Unveils Sovereign AI Platform: Revolutionizing On-Premises AI with Data Privacy and Sovereignty

(IN BRIEF) Atos has launched the Sovereign AI Platform, an advanced solution for public and private organizations to develop and maintain AI and generative AI (GenAI) models on-premises, ensuring data sovereignty, privacy, and low latency. Built on Dell Technologies’ GenAI … Read the full press release

EIB Supports €1 Billion Laakso Joint Hospital Project in Helsinki with €100 Million Initial Loan

(IN BRIEF) The European Investment Bank (EIB) has provided an initial €100 million loan for the construction of the €1 billion Laakso Joint Hospital in Helsinki, which will integrate psychiatric, neurological, geriatric, and palliative care services for 1.7 million Uusimaa … Read the full press release

Maersk Halifax Becomes Industry’s First Large Vessel Converted to Dual-Fuel Methanol Operation

(IN BRIEF) Maersk has retrofitted the Maersk Halifax into the industry’s first large dual-fuel vessel capable of operating on methanol, completed in 88 days at Zhoushan Xinya Shipyard, China. The conversion, led by MAN Energy Solutions, involved replacing engine components, … Read the full press release

Alstom Completes Cavite Extension of Manila’s LRT-1, Boosting Urban Mobility in the Philippines

(IN BRIEF) Alstom has completed the Cavite Extension of Manila’s Light Rail Transit Line 1 (LRT-1), marking its first fully integrated metro project in the Philippines. The 6.2-kilometer extension, with five new stations, reduces travel time between Baclaran and Bacoor … Read the full press release

Barco Unveils Cutting-Edge Simulation Projectors at I/ITSEC 2024, Highlighting Versatile Training Solutions

(IN BRIEF) Barco is set to showcase its latest advancements in simulation projection technology at I/ITSEC 2024 in Orlando, Florida. The company will debut two new projectors—the entry-level I600, offering 4K UHD resolution at 120 Hz, and the high-end F400-N4K, … Read the full press release

Repurposing Drugs to Tackle Antimicrobial Resistance: Insights from University of Helsinki Research

(IN BRIEF) In his doctoral research at the University of Helsinki, Matej Zore demonstrated the potential of repurposing the drugs fingolimod and etrasimod, originally developed for autoimmune diseases, to combat antimicrobial resistance (AMR). These drugs showed notable efficacy against drug-resistant … Read the full press release

TUM Researchers Harness Nature’s Rhythms to Revolutionize Robotic Efficiency

(IN BRIEF) Researchers at the Technical University of Munich (TUM) have developed a tool that enables robots to replicate the energy-efficient movement patterns of humans and animals. By leveraging “intrinsic dynamics,” the natural oscillations that make human and animal motion … Read the full press release

Fugro Launches €50 Million Share Buyback Programme to Strengthen Capital Structure

(IN BRIEF) Fugro has announced a €50 million share buyback programme to optimize its capital structure by reducing share capital and offsetting dilution from recently matured convertible bonds. Enabled by strong cash flow and a disciplined capital allocation strategy, the … Read the full press release

Enemalta Partners with Siemens to Revolutionize Malta’s Grid with Predictive Energy Management

(IN BRIEF) Enemalta, Malta’s leading energy provider, is partnering with Siemens to enhance its grid infrastructure using the Gridscale X software platform. This innovative system will enable predictive management, reduce outages, and optimize grid operations for over 450,000 residents. The … Read the full press release

EIB Global and EU Unveil €70M Initiative to Empower Armenian MSMEs and Foster Sustainable Growth

(IN BRIEF) EIB Global and the European Commission have launched a €70 million financing package to support Armenian MSMEs. The package includes €58.5 million in loans to three financial institutions—Inecobank, ArmSwissBank, and Farm Credit Armenia—and an €11 million grant to … Read the full press release

Skanska Expands Hyperscale Data Center Project in Norway with Additional NOK 569M Contract

(IN BRIEF) Skanska has entered a NOK 569 million contract with WS Computing AS to construct the core and shell of a hyperscale data center in Skien, Norway. This deal builds on an earlier NOK 1.1 billion contract, bringing the … Read the full press release

BESTSELLER and Aarhus Motion Extend Partnership to Elevate Aarhus City Half Marathon

(IN BRIEF) The BESTSELLER Aarhus City Half Marathon, a flagship event in Denmark, continues to thrive as BESTSELLER and Aarhus Motion announce an extended partnership. With over 13,000 runners participating in this year’s race, the collaboration aims to further enhance … Read the full press release

Sunrise Communications Debuts on SIX Swiss Exchange as an Independent Company

(IN BRIEF) Sunrise Communications AG, a Liberty Global spin-off, has officially listed its Class A shares on the SIX Swiss Exchange under the ticker “SUNN,” debuting at CHF 44.75 per share with a market capitalization of CHF 3.2 billion. The … Read the full press release

CapMan Infra Invests in Finland’s Leading Bioenergy and Heat-as-a-Service Provider ProPellet

(IN BRIEF) CapMan Infra, through its Nordic Infrastructure II fund, has acquired a majority stake in ProPellet Oy, Finland’s leading bioenergy producer and heat-as-a-service (HaaS) operator. ProPellet, which operates over 120 heating sites and two pellet production facilities using forestry … Read the full press release

Landmark Solar and Battery Project in Senegal to Deliver Clean Energy to 235,000 People

(IN BRIEF) An EUR 84 million investment will fund the development of two photovoltaic solar plants with integrated battery energy storage systems (BESS) in Senegal’s Kolda region, providing clean energy to 235,000 people. Spearheaded by the Emerging Africa & Asia … Read the full press release

India Eyes Satellite Tolling to Combat Traffic Woes and Pollution with Sustainable Solutions

(IN BRIEF) India is exploring satellite tolling as a sustainable solution to combat traffic congestion, air pollution, and declining road maintenance resources. Using GPS, Galileo, and other satellite systems, this advanced tolling technology enables real-time, distance-based vehicle charges without extensive … Read the full press release

PUMA Celebrates African Heritage with Launch of National Team Kits

(IN BRIEF) PUMA has launched Home and Away kits for Egypt, Côte d’Ivoire, Morocco, Senegal, and Ghana, blending cultural heritage and cutting-edge performance. Each kit reflects national identity, with designs inspired by historical and cultural elements like Egyptian Pharaohs, Moroccan … Read the full press release

Mutares Expands Nordic Portfolio with Acquisition of VR Road Logistics

(IN BRIEF) Mutares SE & Co. KGaA has signed an agreement to acquire VR Road Logistics, a Finnish road logistics provider specializing in services for industrial clients in forestry, metals, construction, and mining. The company, which generated approximately EUR 80 … Read the full press release

Global Energy Giants Commit $500 Million to Advance Universal Energy Access for Underserved Regions

(IN BRIEF) Four major energy companies—bp, Equinor, Shell, and TotalEnergies—have committed $500 million to address global energy access challenges, particularly in underserved regions like Sub-Saharan Africa, South Asia, and Southeast Asia. This collaborative effort aims to support UN Sustainable Development … Read the full press release

Amundi Acquires German Fintech aixigo to Strengthen Digital Solutions for Wealth Management

(IN BRIEF) Amundi has acquired German fintech company aixigo for €149 million, integrating its modular, API-driven technology platform into Amundi Technology. This acquisition expands Amundi’s digital services for banks and wealth managers, aiming to enhance operational efficiency and personalized financial … Read the full press release

EIB Global Partners with Azerbaijan to Modernize Baku’s Metro and Boost Sustainable Urban Transport

(IN BRIEF) EIB Global and Azerbaijan have signed a Memorandum of Understanding (MoU) to support the modernization and expansion of Baku’s metro system, aiming to improve urban mobility and reduce emissions. With technical assistance from EIB Global, Azerbaijan’s Ministry of … Read the full press release

New EIBG and Solar Impulse Initiative Helps European SMEs Boost Energy Efficiency and Cut Costs

(IN BRIEF) The European Investment Bank Group (EIBG), European Commission, and Solar Impulse Foundation have partnered to launch an initiative supporting small and medium-sized enterprises (SMEs) in Europe with energy efficiency investments. By facilitating access to clean technologies through innovative … Read the full press release

EIB Group Backs Europe’s First Solar ABS with €100M Investment, Expanding Access to Affordable Clean Energy

(IN BRIEF) The European Investment Bank (EIB) Group has invested €100 million in Europe’s first public solar asset-backed securitisation (ABS) led by German green tech company Enpal. This groundbreaking transaction, valued at €240 million, enables Enpal to refinance residential solar … Read the full press release

EIB Supports De Watergroep’s €350M Initiative to Modernize and Expand Flanders’ Drinking Water Network

(IN BRIEF) Flemish water utility De Watergroep has secured a €350 million loan from the European Investment Bank (EIB) to modernize Flanders’ drinking water infrastructure. The funding supports a comprehensive 2023-2038 plan aimed at reducing water leakage, expanding the network … Read the full press release

JASPERS Expands Advisory Reach to Ukraine and Moldova, Secures Support for European Development Projects Through 2027

(IN BRIEF) JASPERS, a collaborative advisory initiative by the European Investment Bank and the European Commission, held its annual meeting in Brussels, marking nearly two decades of supporting regional development projects across Europe and beyond. Since 2005, JASPERS has facilitated … Read the full press release

Aurubis Enhances Recycling Efficiency with €40M Investment in On-Site Oxygen Production at Lünen Plant

(IN BRIEF) Aurubis is investing €40 million to build an on-site air separation unit at its Lünen recycling plant in North Rhine-Westphalia, enabling the independent production of high-purity oxygen and nitrogen. This unit will boost production efficiency, reduce dependency on … Read the full press release

RWE Secures New Wind Projects in France, Expands Renewable Capacity with 41.3 MW in Latest Bid Round

(IN BRIEF) RWE has won contracts for two new wind projects in France’s latest onshore wind bidding round, adding a combined 41.3 MW of capacity in the Nouvelle-Aquitaine and Centre-Val de Loire regions. These projects will provide clean energy to … Read the full press release

Eviden Unveils BXI v3: Advanced Networking Solution to Boost AI and HPC Performance Across Europe

(IN BRIEF) Eviden, part of the Atos Group, has introduced the third generation of its BullSequana eXascale Interconnect (BXI v3), an advanced networking solution designed to tackle performance challenges in AI and high-performance computing (HPC). Developed with the French CEA, … Read the full press release

University of Liverpool Launches Digital Tool to Preserve Traditional Earth-Building Crafts in Morocco

(IN BRIEF) Researchers from the University of Liverpool’s School of Architecture have developed Heres, a digital, open-access manual documenting traditional earth-building techniques in Southern Morocco’s M’Hamid Oasis. Created in collaboration with local artisans, the manual includes videos, cultural insights, and … Read the full press release

Alder Hey Secures £1.1M NIHR Funding to Boost Pediatric Health Research in Partnership with University of Liverpool

(IN BRIEF) Alder Hey Children’s NHS Foundation Trust has secured £1.1 million from the NIHR to upgrade its advanced 3T research MRI scanner, strengthening its partnership with the University of Liverpool in pediatric health research. Matched funding for ophthalmology equipment … Read the full press release

TUM Ranked Among World’s Top Universities for Graduate Employability and Digital Expertise

(IN BRIEF) The Technical University of Munich (TUM) is highly regarded by global employers, ranking 13th in the latest Global University Employability Ranking and 4th in Europe. This distinction highlights TUM graduates’ qualifications and the university’s focus on interdisciplinary and … Read the full press release