(IN BRIEF) The European Investment Bank (EIB) and Bulgarian Development Bank (BDB) have signed a €175 million loan agreement to improve access to finance for small and medium-sized enterprises (SMEs) and mid-caps in Bulgaria. The loan aims to support companies … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Assen Vassilev, Bulgaria, Bulgarian Development Bank, digitalization, economy, European Investment Bank, financing, Iliya Karanikolov, INNOVATION, Lilyana Pavlova, Marjut Falkstedt, Milena Stoycheva, Paolo Gentiloni, partnership, SME, sustainability
(IN BRIEF) In 2022, the European Investment Bank (EIB) focused on promoting equitable growth and convergence of living standards by providing €28.4 billion in new financing for projects in EU cohesion regions. Poland was the largest beneficiary, receiving €24.8 billion, … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and the Republic of Lithuania have signed a €300 million financing agreement aimed at supporting long-term competitiveness, job creation, and the green and digital transitions in Lithuania. This loan is the first installment … Read the full press release
(IN BRIEF) Electrolux Group has announced its plans to divest Zanussi and other non-core brands, including production facilities in Egypt and water heater production facilities in Egypt and South Africa. The potential divestment value of these assets is estimated to … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, News, Sweden
Tagged divestment, Electrolux Group, Jonas Samuelson, Zanussi
(IN BRIEF) Electrolux Group’s second-quarter report reveals a decline in net sales due to weak market demand and consumer shifts to lower price points, resulting in significantly lower volumes. Operating income was impacted by a non-recurring provision related to a … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Anna Ohlsson-Leijon, Asset Divestment, Electrolux Group, Financial, Jonas Samuelson, sales, Therese Friberg
(IN BRIEF) Cargotec Corporation has announced its decision to initiate a share repurchase program. The Board of Directors will exercise the authorization granted by the Annual General Meeting on March 23, 2023. Cargotec plans to repurchase 400,000 class B shares, … Read the full press release
Posted in Business, Financial, Finland, Investment, Management, Media, News, Transportation & Logistics
Tagged Board of Directors, Cargotec, Incentive Programs, share repurchase program
(IN BRIEF) Cargotec Corporation has announced its half-year financial report for January-June 2023, revealing record-high profitability. The company experienced a strong rebound in orders received, reaching pre-COVID levels. Sales increased by 25%, and a record-high comparable operating profit margin of … Read the full press release
(IN BRIEF) Outokumpu, a company, will release its half-year report for January-June 2023 on August 3, 2023. The report will be available at approximately 9.00 am EEST. Later in the day, at 3.00 pm EEST, a live webcast and conference … Read the full press release
Posted in Business, Financial, Finland, Industrial, Management, Media, Metals and Minerals, News
Tagged Half-Year 2023 Report, Heikki Malinen, Outokumpu, Pia Aaltonen-Forsell
(IN BRIEF) Garanti BBVA has partnered with Enterprise Türkiye to promote electric mobility and car rentals in Türkiye. As part of this collaboration, Garanti BBVA is offering an ecommerce loan, known as a Buy Now Pay Later (BNPL) loan, to … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has signed a €50 million loan, guaranteed by the European Fund for Strategic Investments (EFSI), to co-finance Brainlab AG’s R&D program in 2023 and 2024. Brainlab, a Munich-based company, develops and distributes hardware … Read the full press release
Posted in Banks, Business, Education, Financial, Healthcare, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged Ambroise Fayolle, Brainlab, European Investment Bank, INNOVATION, Juncker Plan, loan, medical procedures, Medical Technologies, R&D Program, Stefan Vilsmeier
(IN BRIEF) Luxembourg has pledged an additional €4.8 million to the EIB Global’s Financial Inclusion Fund, bringing the fund’s total size to €11.5 million. The fund supports financial service providers that focus on vulnerable groups in African, Caribbean, and Pacific … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged EIB, finance, Financial Inclusion Fund, Franz Fayot, Kris Peeters, Luxembourg, microentrepreneurs, microfinance, SMEs, Werner Hoyer, Yuriko Backes
(IN BRIEF) CACEIS, the asset servicing banking group, has been selected as the custodian for the Booster Fund launched by Ardian and Eight Advisory. The Booster Fund, with an initial size of €1 million, aims to support female entrepreneurs over … Read the full press release
Posted in Financial, France, Investment, Small Business
Tagged Ardian, Booster Fund, CACEIS, custodian services, Eight Advisory, female entrepreneurs, Olivia Zitouni, registrar services
(IN BRIEF) Investment firms Impala and Exor have partnered to support the growth of TagEnergy, a company operating in the renewable and energy storage sectors. TagEnergy, founded in 2019 by Franck Woitiez and Jacques Veyrat, focuses on developing, financing, and … Read the full press release
Posted in Energy, Gas & Oil, Financial, France, Investment, Netherlands, Portugal
Tagged energy storage, EXOR, Franck Woitiez, Impala, Jacques Veyrat, John Elkann, renewable energy, renewables, TagEnergy, TagHolding
(IN BRIEF) Audi and FC Bayern Women have announced a two-year extension of their partnership, emphasizing their commitment to promoting women’s soccer. As part of the alliance, Audi provides the team with company cars and recently launched the “Werde #12teFrau” … Read the full press release
Posted in Automotive, Business, Entertainment, Financial, Germany, Management, News, Sports
Tagged Andreas Jung, Audi, FC Bayern Women, Hildegard Wortmann, Jan-Christian Dreesen, partnership, sports, women's soccer
(IN BRIEF) According to data from CMBOR, Europe’s private equity industry has significantly increased its support for portfolio company buy-and-build acquisitions in the first half of 2023. With 369 acquisitions made, it marks the third-highest figure for H1 on record. … Read the full press release
(IN BRIEF) The Angus Rural Mobility Hub, in collaboration with the University of Dundee, Angus Council, and Dalhousie Estates, has been awarded funding of £10,000 from the Energy Technology Partnership (ETP) to explore the development of green hydrogen for heavy-duty … Read the full press release
Posted in Business, Education, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Angus Council, Angus Rural Mobility Hub, Beth Whiteside, Dalhousie Estates, Dr Christopher Dixon, Dr Jan Vorstius, Green Hydrogen Development, partnership, Simon Ramsay, sustainability, University of Dundee
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a US$100 million loan to Banque Misr in Egypt, aimed at supporting micro, small, and medium-sized enterprises (MSMEs). The funding will enable Banque Misr to expand its operations … Read the full press release
Posted in Banks, Economy, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Banque Misr, EBRD, economy, EGYPT, loan, partnership, small business, SMEs
(IN BRIEF) The European Investment Bank (EIB) has provided a €460 million loan to Italy’s Hera Group to support its green transition and sustainability goals. The loan aims to strengthen integrated water services, increase renewable energy production, promote energy efficiency, … Read the full press release
(IN BRIEF) SEB has successfully completed its latest share buyback program, repurchasing SEK 1.25 billion worth of Class A shares. Following this, the Board of Directors has decided to initiate a new buyback program of the same value. The new … Read the full press release
Posted in Banks, Financial, Industrial, Investment, Management, News, Sweden
Tagged Financial, investment, SEB, Share Buyback Program
(IN BRIEF) Barclays has announced the expansion of its M&A franchise through the appointment of Dan Grabos as Co-Head of Americas M&A, alongside Larry Hamdan. In addition to his new role, Grabos will continue serving as Co-Head of Industrials M&A. … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged appointments, Barclays, Dan Grabos, Gary Posternack, Ihsan Essaid, Jonathan Gerst, Larry Hamdan, leadership, M&A Franchise
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