Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

SIX Swiss Exchange Witnesses Surge in Green Bond Listings, Now Offers Access to Over CHF 28 Billion in Green Bonds

(IN BRIEF) SIX Swiss Exchange reports significant growth in green bond activity in Switzerland, with over a hundred green bonds listed and/or traded, totaling CHF 28 billion in nominal value. Swiss issuers account for half of these bonds, and 91% … Read the full press release

Enel S.p.A. Reports Impressive 52% Surge in Net Income for H1 2023

(IN BRIEF) Enel S.p.A., a multinational energy company, announced its financial results for the first half of 2023. The company showcased robust growth in key financial metrics, with revenues of 47,095 million euros (-28.2%) and ordinary EBITDA of 10,739 million … Read the full press release

autoTicket GmbH Finalizes Settlement Agreement with Germany, Receives EUR 243 Million Payment

(IN BRIEF) On July 5, 2023, autoTicket GmbH, a joint venture of Kapsch TrafficCom AG and CTS Eventim AG Co. KGaA, reached a settlement agreement with the Federal Republic of Germany to end arbitration proceedings related to the termination of … Read the full press release

RWE Raises Earnings Outlook for 2023 on Strong First-Half Performance in International Power Generation

(IN BRIEF) RWE, a German energy company, has raised its earnings forecast for fiscal year 2023 based on strong operational performance in the first half of the year. The increase in earnings is primarily attributed to international power generation in … Read the full press release

EIF and SG Equipment Finance Collaborate to Boost Digital Transition for Czech and Slovak Companies with €25 Million Investment

(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee with SG Equipment Finance to support up to €25 million in new lending for innovative SMEs and small Mid-Caps in Czechia and Slovakia. The financing, backed by the … Read the full press release

Moldova’s Improved Road Infrastructure: EBRD-Financed Ciumai-Vulcanesti Road Section Opens

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has financed the rehabilitation of the 55-km Ciumai-Vulcanesti road section in Moldova. The road is an essential part of the strategic M3 Chișinău-Giurgiulești road, connecting Trans-European Network corridors and providing … Read the full press release

EIB Approves €575 Million Loan to Boost Repsol’s Renewable Energy Projects in Spain

(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s renewable energy projects in Spain, which will include wind and solar photovoltaic plants with a total capacity of 1.1 GW. The loan, signed in … Read the full press release

EIB Boosts Repsol’s Green Vision with €575 Million Loan for Spanish Renewables

(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s wind and solar PV projects in Spain, with a total capacity of 1.1 GW. The first tranche of €400 million will accelerate the energy … Read the full press release

Skanska Awarded $70M Contract to Redevelop Historic Clayton University Center at Lehigh University

(IN BRIEF) Skanska has secured a contract with Lehigh University to redevelop the Clayton University Center on its campus in Pennsylvania, USA, at a cost of USD 70 million (SEK 730 million). The renovation project involves upgrading various utilities, installing … Read the full press release

Ørsted to Divest Remaining Stake in London Array Offshore Wind Farm for £717 Million

(IN BRIEF) Ørsted, a leading renewable energy company, has signed an agreement to sell its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK to funds managed by Schroders Greencoat, a specialist asset manager in … Read the full press release

Terna Invests €19 Million in Underground Cable Project for Electricity Grid Upgrade in Frosinone

(IN BRIEF) Terna, an Italian company specializing in electricity transmission, is investing more than €19 million in a project to create a new underground cable and overhead power lines in the province of Frosinone. The project, authorized by the Italian … Read the full press release

Bentley’s Advancing Life Chances Strategy: Over 150 Grants Donated to UK Charities and Plans for Further Community Investments

(IN BRIEF) Bentley, as part of its new Advancing Life Chances (ALC) strategy, has launched a community investment programme to support charities and good causes across the UK. Through the Small Grants Programme, Bentley has already donated over 150 grants … Read the full press release

Aviva Strengthens Retail Insurance Business with Acquisition of Barclays Home Insurance Portfolio

(IN BRIEF) Aviva, the leading home insurer in the UK, has entered into an agreement with Barclays UK to acquire its home insurance portfolio, which consists of 350,000 customers. The acquisition will support Aviva’s growth in the retail insurance business … Read the full press release

BAE Systems’ Ground Vehicle and Weapon Systems Network Contributes $1.9 Billion to U.S. Economy, Fosters Community Initiatives

(IN BRIEF) BAE Systems’ Combat Mission Systems (CMS) business released its 2022 Economic Impact Report, revealing a $1.9 billion contribution to the U.S. economy through its ground vehicle and weapon systems network. The company’s 12 sites and partnerships with over … Read the full press release

Allianz Unifies Global Commercial Insurance Business as ‘Allianz Commercial,’ Introduces New Regional Structure

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz Global Corporate & Specialty (AGCS) and the commercial insurance businesses of local Allianz entities will now trade under the name “Allianz Commercial” as a single go-to-market business. This new global model offers insurance solutions for mid-sized businesses, … Read the full press release

Joint Initiative on Circular Economy (JICE) Continues Beyond 2023 with €8.9 Billion Funding for Sustainable Projects

(IN BRIEF) The Joint Initiative on Circular Economy (JICE), led by the European Union’s largest public promotional banks and institutions, has decided to extend its efforts beyond the original time frame of 2023. Launched in 2019, JICE aims to provide … Read the full press release

EIB and Cellnex Join Forces with €315 Million Loan to Boost 5G Infrastructure and Digital Transition Across Europe

(IN BRIEF) The European Investment Bank (EIB) and Cellnex have signed a €315 million finance contract to support the development of mobile telecoms infrastructure for 5G rollout in Spain, Portugal, France, Italy, and Poland. The loan will unlock a total … Read the full press release

Aviva Secures £120m Full Scheme Buy-in, Ensuring Member Benefits and Stabilizing NTL 1999 Pension Scheme Funding

(IN BRIEF) Aviva has successfully obtained a £120 million full scheme buy-in for the NTL 1999 Pension Scheme. This agreement allows Aviva to assume the defined benefit liabilities of approximately 650 members, mitigating the investment and longevity risks associated with … Read the full press release

Versalis Publishes 2022 Sustainability Report Outlining Commitment to Carbon Neutrality

(IN BRIEF) Versalis, Eni’s chemical company, has released its 2022 Sustainability Report, highlighting its efforts to contribute to sustainable and circular models in alignment with Eni’s strategy. The report outlines Versalis’ targets for achieving carbon neutrality by 2050 and emphasizes … Read the full press release