Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

EBRD-Backed Sanum per Fructus Modernizes Serbian Beekeeping with Digital Innovation for Sustainable Honey Production

(IN BRIEF) Sanum per Fructus, a honey producer in Kragujevac, Serbia, is modernizing its operations by integrating digital technology while maintaining traditional beekeeping practices. Supported by the EBRD’s Youth in Business Programme, the company connects with local beekeepers through a … Read the full press release

Rheinmetall Triumphs in Autonomous Convoy Challenge at ELROB 2024

(IN BRIEF) Rheinmetall secured first place in the “Automated Convoy” category at the European Land Robot Trial (ELROB) 2024 by demonstrating the advanced capabilities of its AI-supported PATH A-Kit navigation system integrated into HX military trucks. The autonomous vehicles successfully … Read the full press release

Sainsbury’s Launches Industry-First Egg Farmer Support Group to Ensure Future Resilience and Sustainability

(IN BRIEF) Sainsbury’s has launched the Sainsbury’s Egg Group, an industry-first initiative designed to support over 100 UK egg farmers by ensuring financial stability, promoting sustainable practices, and improving animal welfare. The group will guarantee that farmers receive at least … Read the full press release

Greek Cities Adopt FUSO eCanter Electric Trucks for Eco-Friendly Waste Collection

(IN BRIEF) Athens and Thessaloniki have ordered 89 FUSO eCanter electric trucks, equipped with advanced waste collection systems from KAOUSSIS, to enhance their urban waste management. These emission-free trucks are designed for efficient operations in narrow city streets and feature … Read the full press release

Mercedes-Benz Showcases Versatile Unimog Models with Advanced Technology at GaLaBau 2024

(IN BRIEF) Mercedes-Benz Special Trucks showcased three advanced Unimog models at GaLaBau 2024, highlighting their versatility and cutting-edge technology for applications in landscaping, road maintenance, agriculture, and construction. The Unimog U 430 features new safety systems and an innovative operating … Read the full press release

IKEA Partners with Adyen to Enhance Global Payment and Loyalty Systems

(IN BRIEF) IKEA has partnered with Adyen to streamline its global payment processes and improve customer experiences across both online and in-store channels. Through Adyen’s financial technology platform, IKEA will gain deeper insights into customer behaviors, enhancing its cross-channel loyalty … Read the full press release

FORVIA HELLA’s innovative modular lighting system delivers modern design and improved operational efficiency for Aebi Schmidt Group’s latest compact sweeper model

(IN BRIEF) FORVIA HELLA has equipped the new Schmidt eCleango 550 compact sweeper with advanced LED lighting solutions, including modular daytime running lamps and rear Shapeline series lights, enhancing both visibility and design. These innovations provide a modern look and … Read the full press release

Arglass Partners with Dürr to Pioneer Sustainable Glass Production in the U.S. with Innovative Air Purification Technology

(IN BRIEF) Arglass has partnered with Dürr to enhance sustainability at its Valdosta, Georgia facility by installing an advanced exhaust air purification system in its new glass melting furnace. The Dürr candle filter system, being used for the first time … Read the full press release

PATRIZIA Secures €200 Million to Boost Italian Smart City Projects, Expands Investment Program to €1.4 Billion

(IN BRIEF) PATRIZIA has raised an additional €200 million for its Smart City Infrastructure Fund (SCIF), bringing the total fund size to €950 million and expanding its overall smart city investment program to approximately €1.4 billion. The new capital, provided … Read the full press release

flatexDEGIRO Strengthens Leadership with Appointment of Oliver Behrens as CEO and Expands Executive Team

(IN BRIEF) flatexDEGIRO AG has appointed Oliver Behrens, a seasoned financial industry leader, as its new CEO, effective October 1, 2024. Behrens, who previously served as CEO of Morgan Stanley Europe SE, brings extensive experience in brokerage and international finance. … Read the full press release

European Bank for Reconstruction and Development Appoints Angeliki Kalligiannaki as New Head of Greece

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Angeliki Kalligiannaki as its new Head of Greece, starting 1 September. Kalligiannaki, who has been with the EBRD since 2013, will replace Andreea Moraru. She has played a … Read the full press release

DWS Strengthens Renewable Energy Portfolio with Swedish Onshore Wind Farm Acquisition

(IN BRIEF) DWS has expanded its European infrastructure investment portfolio by acquiring Heather Wind AB, an onshore wind farm in Sweden with a capacity of 48 MWp. This acquisition, part of DWS’s strategy to diversify its renewable energy assets, follows … Read the full press release

TotalEnergies Embarks on Pioneering Floating Wind Turbine Project to Power North Sea Oil & Gas Platform

(IN BRIEF) TotalEnergies has launched a pilot project to install a 3 MW floating wind turbine in the UK North Sea, designed to supply renewable energy to the Culzean offshore oil and gas platform. This innovative project aims to provide … Read the full press release

Deutsche Telekom and Kunstmuseum Bonn Launch Human AI Art Award, Honoring Innovative Intersection of Art and Technology

(IN BRIEF) Deutsche Telekom and Kunstmuseum Bonn have launched the Human AI Art Award to honor artists working at the intersection of visual arts and AI technologies. The inaugural award, which includes a €10,000 prize, has been awarded to American … Read the full press release

Siemens Launches 2024 Training Year with Emphasis on Future Skills and Democratic Values

(IN BRIEF) Siemens has launched its 2024 training program for over 1,700 apprentices and university students in Germany, with a strong focus on developing both technological skills and an understanding of democratic values. The program includes hands-on training in areas … Read the full press release

BNP Paribas Appoints Isabelle Mateos y Lago as New Chief Economist, Succeeding William de Vijlder

(IN BRIEF) BNP Paribas has appointed Isabelle Mateos y Lago as its new Chief Economist, effective September 3, 2024, succeeding William de Vijlder, who will become Economic Adviser to the Group’s General Management before retiring. Isabelle brings extensive experience from … Read the full press release

Wood Announces Strategic Divestments of Non-Core Businesses, Generating $165 Million in Proceeds

(IN BRIEF) Wood has signed agreements to sell two non-core businesses, Ethos Energy Group Limited and CEC Controls Company Inc, as part of its strategy to simplify operations and focus on core capabilities. These sales are expected to generate approximately … Read the full press release

BC Hydro Partners with Wood to Enhance British Columbia’s Electric Grid for a Sustainable Future

(IN BRIEF) BC Hydro has partnered with Wood, a global consulting and engineering firm, under a $200 million, seven-year agreement to modernize and expand British Columbia’s electric grid. The project aims to upgrade power lines, substations, and other infrastructure to … Read the full press release

EIB Approves €10.8 Billion in New Investments for Green Energy, Business Innovation, and Infrastructure Development

(IN BRIEF) The European Investment Bank (EIB) has approved €10.8 billion in new financing to support a diverse range of projects focused on green energy, business innovation, health, housing, education, and infrastructure development. This includes significant investments in clean energy … Read the full press release

European Investment Bank Reaches Milestone with Over EUR 100 Billion in Sustainability Funding Through New Climate Awareness Bond

(IN BRIEF) The European Investment Bank (EIB) has achieved a major milestone by surpassing EUR 100 billion in sustainability funding through its Climate and Sustainability Awareness Bonds (CABs and SABs). This achievement was marked by the issuance of a heavily … Read the full press release

TUM Student Embarks on a Unique Underground Space Mission in Swiss Alps

(IN BRIEF) A student from the Technical University of Munich (TUM), Ilyasse Taame, participated in the Asclepios IV mission, a student-led space simulation in the Swiss Alps. The mission replicated a lunar mission, with six students living in an underground … Read the full press release

AMAG Joins Forces with European Industry Leaders by Signing the Antwerp Declaration

(IN BRIEF) AMAG Austria Metall AG has signed the Antwerp Declaration, joining over 1,000 energy-intensive companies in calling for a European Industrial Deal to support the transition to climate neutrality while maintaining Europe’s industrial competitiveness. The declaration outlines ten key … Read the full press release

New MAN TGE ‘Next Level’ Model Unveiled with Enhanced Safety and Comfort Features for Motorhome Enthusiasts

(IN BRIEF) MAN Truck & Bus has unveiled its upgraded MAN TGE van, named the “Next Level,” at the Caravan Salon in Düsseldorf. This new model introduces significant advancements in safety and comfort, specifically designed for motorhome drivers. Key features … Read the full press release

FC Bayern and MAN Truck & Bus Team Up to Launch Electric Vehicle Charging Hub at Allianz Arenal

(IN BRIEF) MAN Truck & Bus, in partnership with FC Bayern Munich, has launched a project to build a public charging park for electric trucks and buses at the Allianz Arena in Munich. The charging park, featuring high-power and megawatt … Read the full press release

Tristan le Masne Takes the Helm as Managing Director for Alstom Southern Africa

(IN BRIEF) Alstom has appointed Tristan le Masne as the new Managing Director for Southern Africa, succeeding Bernard Peille. Tristan, previously Vice President for Finance in Alstom’s AMECA region, will lead the company’s operations in South Africa, focusing on localization, … Read the full press release

Arriva Accelerates Czech Republic’s Transition to Electric Public Transport with New Fleet of Zero-Emission Buses

(IN BRIEF) Arriva Group is advancing its commitment to decarbonizing public transport in the Czech Republic by introducing 16 new electric buses in the city of Kladno, marking the country’s largest single purchase of such vehicles. These buses will operate … Read the full press release

University of Bristol’s Emily Rayfield Honored with Royal Society Medal for Transformative Research in Palaeobiology

(IN BRIEF) Professor Emily Rayfield of the University of Bristol has been awarded the prestigious Gabor Medal by the Royal Society for her pioneering work in integrating engineering and computational methods into palaeobiology. Her research, particularly in finite element modeling, … Read the full press release

ABB Expands Environmental Monitoring Capabilities with Acquisition of Födisch Group

(IN BRIEF) ABB has announced the acquisition of Födisch Group, a leading German company specializing in advanced measurement and analytical solutions for the energy and industrial sectors. This acquisition will strengthen ABB’s position in continuous emission monitoring systems (CEMS), allowing … Read the full press release

Kudelski IoT’s Security IP Gains High Assurance Rating, Enhancing Confidence for Semiconductor Manufacturers

(IN BRIEF) Kudelski IoT’s KSE5 Security IP has received high assurance certification after rigorous testing by Applus+ Laboratories, confirming its robustness for use in critical industries like automotive, medical, and defense. The security solution meets stringent criteria for Common Criteria … Read the full press release

AF Gruppen Wins Major Onshore Disposal Contract with Potential for 30,000 Metric Tonnes of Structures

(IN BRIEF) AF Gruppen has secured a Letter of Intent (LOI) from Allseas for the onshore disposal of a 12,000 metric tonne topside structure, with an option for a second topside, potentially totaling up to 30,000 metric tonnes. The project … Read the full press release

Austrian Retailer BILLA Lends a Hand to Ukrainian Children with Free Meals

(IN BRIEF) Austrian retailer BILLA provided free packed lunches to 44 Ukrainian children from Kharkiv and Odessa during their holiday in Austria, organized by Österreichische Kinderfreunde in collaboration with the Ukrainian Embassy. The children, who spent time in Carinthia and … Read the full press release

EBRD, ACWA Power, and Uzkimyosanoat Join Forces to Launch Central Asia’s First Renewable Hydrogen Facility in Uzbekistan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a significant investment in Uzbekistan’s first renewable hydrogen facility, marking a pioneering effort in Central Asia’s transition to greener energy sources. The project, developed in partnership with ACWA … Read the full press release

Barclays Boosts M&A Leadership with Strategic Hire of Martin Douglass as Head of Financial Sponsors

(IN BRIEF) Barclays has appointed Martin Douglass as the new Head of Financial Sponsors M&A. With nearly 15 years of investment banking experience, Douglass joins Barclays from Morgan Stanley, where he was a Managing Director. In his new role, Douglass … Read the full press release

EBRD and IFC Invest in Bank of Palestine to Strengthen Palestinian Economy Amid Crisis

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have acquired equity stakes in Bank of Palestine to support its capital base amid the challenging economic conditions in the region. The investment will … Read the full press release

Capgemini Acquires Syniti to Strengthen Data-Driven Transformation Capabilities

(IN BRIEF) Capgemini has announced its acquisition of Syniti, a global leader in enterprise data management, to bolster its expertise in data-driven digital transformations. The acquisition will enhance Capgemini’s ability to support large-scale SAP migrations, particularly to SAP S/4HANA, and … Read the full press release

Bergen Engines Powers Sustainable Maritime Future with New Hybrid Stern Trawler Contract for Havbryn AS

(IN BRIEF) Bergen Engines has been contracted to supply a hybrid propulsion engine for Havbryn AS’s new stern trawler, highlighting advancements in maritime sustainability. The vessel, set for delivery in 2026, will feature state-of-the-art technology to reduce fuel consumption and … Read the full press release

CMA CGM AIR CARGO Expands Global Reach with New Transpacific Boeing 777-200F Service

(IN BRIEF) CMA CGM AIR CARGO has launched its first transpacific service, connecting Hong Kong to Chicago, following the delivery of a new Boeing 777-200F on August 18, 2024. This marks a significant step in the company’s global expansion strategy, … Read the full press release

Achmea Restructures Syntrus Achmea for Strategic Growth in Mortgages and Real Estate

(IN BRIEF) Achmea has announced a restructuring of its subsidiary, Syntrus Achmea Real Estate & Finance B.V., to support its growth in the mortgage and real estate sectors. Effective October 1, 2024, the mortgage and real estate activities will be … Read the full press release

New SIX and Diebold Nixdorf Partnership Aims to Secure Switzerland’s Cash Supply Through Innovative ATM Pooling

(IN BRIEF) In Switzerland, as the number of bank branches, post offices, and ATMs has significantly decreased in recent years. The collaboration aims to develop new, efficient, and sustainable approaches to ensure long-term access to cash for Swiss citizens. A … Read the full press release

Roche’s PiaSky Approved in EU as First Monthly Self-Administered Treatment for PNH

(IN BRIEF) Roche has received approval from the European Commission for PiaSky® (crovalimab), a novel treatment for paroxysmal nocturnal haemoglobinuria (PNH), making it the first monthly subcutaneous (SC) treatment available in the European Union. PiaSky, which can be self-administered by … Read the full press release