Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

TotalEnergies Signs 15-Year Renewable PPA with Saint-Gobain to Decarbonize North American Operations

(IN BRIEF) TotalEnergies has inked a 15-year Renewable Power Purchase Agreement (PPA) with Saint-Gobain, marking the second long-term solar power supply agreement aimed at decarbonizing the building materials company’s 125 industrial sites in North America. TotalEnergies will provide clean energy … Read the full press release

Aviva and Socius Chosen as Preferred Bidders for London Cancer Hub Development

(IN BRIEF) Aviva and mixed-use developer Socius have been selected as the preferred bidders for the advancement of the London Cancer Hub (LCH), a world-leading district dedicated to cancer research and treatment in Sutton, London. The partnership will collaborate with … Read the full press release

Generali Appoints Giulio Terzariol as CEO Insurance, Strengthening Leadership Team

(IN BRIEF) Generali, a leading insurance company, has announced the appointment of Giulio Terzariol as CEO Insurance, a newly established role responsible for overseeing all of the company’s Insurance Business Units. Terzariol, with over two decades of experience in management … Read the full press release

Oliver Bäte’s Tenure as Allianz SE CEO Extended to 2028

(IN BRIEF) Allianz SE has made notable adjustments to its Board of Management, extending Oliver Bäte’s tenure as Chairman of the Board and CEO until 2028, renewing Andreas Wimmer’s role overseeing Life and Asset Management for five years, and appointing … Read the full press release

EIB Backs Polish company SDS Optic Inc. with €10 Million Investment in Cutting-Edge Cancer Detection Tech

(IN BRIEF) The European Investment Bank (EIB) has signed a €10 million loan agreement with Polish company SDS Optic Inc. to support the development and commercialization of their innovative cancer detection technology platform, inPROBE®. SDS Optic specializes in diagnostic and … Read the full press release

Joint Effort by EIB and Santander Portugal Aims to Fuel Investments in the Portuguese Economy

(IN BRIEF) Santander Portugal and the European Investment Bank (EIB) have signed an agreement to help Portuguese mid-cap companies access financing more easily in a challenging financial landscape marked by high interest rates and limited liquidity. Under the deal, EIB … Read the full press release

SEB Names Kristian Skovmand as New Country Manager for Danish Operations

(IN BRIEF) Kristian Skovmand, currently the head of SEB’s Investment Banking division, has been named the new Country Manager in Denmark. This appointment comes as Mark Luscombe, the previous Country Manager in Denmark, has chosen to explore new career opportunities … Read the full press release

50Hertz Signs €4.6 Billion Contracts for High-Performance Cables to Advance Germany’s Green Energy Goals

(IN BRIEF) 50Hertz, a major electricity transmission system operator in Germany, has entered into project and framework contracts with leading European cable manufacturers NKT and Prysmian Power Link. These contracts, valued at €4.6 billion, cover the production and installation of … Read the full press release

CUPRA Opens Stylish City Garage in Berlin’s Vibrant Am Tacheles District

(IN BRIEF) CUPRA, the Spanish automotive brand, has expanded its global presence by opening a new CUPRA City Garage in Berlin’s lively Am Tacheles district. The launch event celebrated the connection between Berlin and Barcelona, two cities known for their … Read the full press release

Dutch King Inaugurates Vattenfall’s 1.5 GW Offshore Wind Farm, Among World’s Largest

(IN BRIEF) Dutch King Willem-Alexander, alongside board members of Vattenfall, BASF, and Allianz, has officially inaugurated the Hollandse Kust Zuid 1-4 offshore wind farm in the North Sea. Located 18-36 kilometers off the Dutch coast, the wind farm features 139 … Read the full press release

Enel Completes Sale of 50% Stake in Australian Renewable Assets to INPEX

(IN BRIEF) Enel S.p.A., through its subsidiary Enel Green Power S.p.A. (EGP), has successfully finalized the sale of a 50% stake in its Australian renewable energy entities, Enel Green Power Australia Pty Ltd and Enel Green Power Australia Trust (collectively … Read the full press release

Volkswagen Unveils Vehicle Allocation Plans for German Production Network Through 2028

(IN BRIEF) Volkswagen is gearing up its Germany-based production network for the future, outlining its vehicle allocation plans through 2028 to the Volkswagen Group’s Supervisory Board. This strategic move aims to ensure profitable capacity utilization and economic viability in the … Read the full press release

EBRD Appoints Jelena Madir as New Chief Compliance Officer to Uphold Integrity and Governance

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has named Jelena Madir as the new Managing Director and Chief Compliance Officer. In this crucial role, she will oversee the Office of the Chief Compliance Officer (OCCO), tasked with … Read the full press release

EBRD Supports Albania’s Agribusiness and Tourism Sectors with €2 Million Loan to Union Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to €2 million to Union Bank to bolster financing in Albania’s agribusiness and tourism sectors, essential for the country’s economic growth. Union Bank becomes … Read the full press release

European Leaders Call for Accelerated Clean Energy Transition at High-Level Conference

(IN BRIEF) The heads of the European Investment Bank (EIB), the European Central Bank (ECB), and the International Energy Agency (IEA) have convened in Paris to urge European government leaders, financial institutions, and industries to commit to a swift, equitable, … Read the full press release

Winners of European Investment Bank’s Social Innovation Tournament Announced

(IN BRIEF) The European Investment Bank Institute recently unveiled the winners of this year’s Social Innovation Tournament (SIT) at a ceremony in Stockholm, celebrating European social entrepreneurs and their impactful products or services. The SIT, an annual event organized by … Read the full press release

Zhejiang Jingxing Paper Enhances Quality and Efficiency with State-of-the-Art DIP Line from ANDRITZ

(IN BRIEF) Zhejiang Jingxing Paper Co., Ltd., a prominent Chinese packaging paper and household tissue manufacturer, has successfully initiated operations on a high-capacity deinking pulp (DIP) line supplied by ANDRITZ at its facility in Pinghu City, Zhejiang Province, China. This … Read the full press release

ZF Wind Power Invests in Sustainable Water Transport for Offshore Wind Turbine Powertrains

(IN BRIEF) ZF Wind Power and Vestas are addressing the growing demand for wind energy and larger offshore wind turbines with the V236-15.0 MWTM powertrain. This powertrain aims to push the boundaries of offshore wind energy production, with a single … Read the full press release

ZF Introduces Next-Gen Rail Drives for Milan and Rome Metros, Enhancing Efficiency and Comfort

(IN BRIEF) ZF, a leading technology company, will supply the metros built by Hitachi Rail for Milan and Rome, Italy, with its latest two-stage spur gear drives. These drives offer several improvements, including a 10% reduction in weight, noise-optimized gearing, … Read the full press release

Iron Powder Research Receives €900,000 Funding for Green Energy Storage

(IN BRIEF) Research into the potential of iron powder as an energy carrier on an industrial scale has received €900,000 in funding from science financier NWO and various organizations. The project, known as CIRCL (Closing the Iron Reduction-Combustion Loop), involves … Read the full press release