(IN BRIEF) Caixa Geral de Depósitos (CGD) and the European Investment Fund (EIF) have signed an agreement to provide up to €378 million in new credit lines for Portuguese small and medium-sized enterprises (SMEs). Supported by the InvestEU program, the … Read the full press release
Posted in Banks, Business, European Union, Financial, Luxembourg, Portugal, Small Business
Tagged Caixa Geral de Depósitos, Caixa InvestEU Green, Caixa InvestEU Inovação, Caixa InvestEU Start, CGD, EIF, European Investment Fund, InvestEU program, Marjut Falkstedt, Paolo Gentiloni, Paulo Moita de Macedo, Ricardo Mourinho Félix, SMEs
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing €56 million in Eldorado Gold Corporation to support the development of the Skouries copper and gold mine in Greece. The investment aims to foster a sustainable and inclusive … Read the full press release
(IN BRIEF) During the World Circular Economy Forum (WCEF) 2023, environment-focused directors from leading Multilateral Development Banks (MDBs) met to discuss the circular economy for the first time. The African Development Bank (AfDB), the European Bank for Reconstruction and Development … Read the full press release
Posted in Banks, Environment, Financial, Finland, Luxembourg, Management
Tagged AfDB, African Development Bank, biodiversity loss, circular economy transition, climate change, EBRD, EIB, European Bank for Reconstruction and Development, European Investment Bank, IDB, IDB Invest, Inter-American Development Bank, MDBs, Multilateral Development Banks, pollution, WCEF, World Bank, World Circular Economy Forum
(IN BRIEF) James Hillman has been appointed as the Chief Risk Officer of Aviva plc, a global insurance company. Currently serving as the CFO of Scottish Widows and Finance Director of Lloyds Banking Group’s Insurance, Pensions, and Investments Division, Hillman … Read the full press release
Posted in Business, Financial, Insurance, Management, United Kingdom
Tagged Amanda Blanc, appointment, Aviva plc, Chief Risk Officer, insurance, investments, James Hillman, Lloyds Banking Group, pensions, Scottish Widows
(IN BRIEF) Proxymity and Clearstream have partnered to launch a digital general meeting announcement service in Germany and Luxembourg. The collaboration aims to automate issuer-investor communication, improving proxy voting and corporate event communications. The central platform will enable issuers and … Read the full press release
Posted in Business, Financial, Germany, Investment, Luxembourg, Management
Tagged bonds, Clearstream, Dean Little, digital general meeting announcement, digital investor communication platform, domestic equities, ETFs, Eurobonds, investment funds, investor communications platform, Proxymity, Sam Riley
(IN BRIEF) ING announces progress in its share buyback program, repurchasing 1,687,860 shares at an average price of €12.04 during the week of May 22nd to May 26th, 2023. The total number of shares repurchased under the program is now … Read the full press release
Posted in Banks, Financial, Investment, Netherlands, News
Tagged ING, ING Bank, Share Buyback Program, shares
(IN BRIEF) Crédit Agricole CIB has announced the appointment of Laurent Chenain as the new Head of Corporate & Leveraged Finance, effective from June 1, 2023. Laurent will be taking over from Jamie Mabilat, who has moved on to the … Read the full press release
Ad hoc announcement pursuant to Art. 53 LR (IN BRIEF) Nestlé has announced the departure of François-Xavier Roger, the Executive Vice President and Chief Financial Officer (CFO), after eight years with the company. Roger has made significant contributions to Nestlé’s … Read the full press release
Posted in Business, Financial, Food & Beverage, Management, Switzerland
Tagged Anna Manz, appointment, CFO, François-Xavier Roger, leadership, Mark Schneider, Nestlé
(IN BRIEF) Deutsche Bank has announced a significant increase in capital allocation for its Ho Chi Minh City branch in Vietnam, raising it by USD 100 million to reach a total of over USD 200 million. The additional capital will … Read the full press release
(IN BRIEF) Triton, in partnership with the Triton Smaller Mid-Cap Fund I, has successfully sold Norres Baggerman Group, a leading manufacturer of industrial plastic hoses in Europe, to Nalka DACH Investments SA SICAF-RAIF. The terms of the transaction have not … Read the full press release
(IN BRIEF) SEB Greentech Venture Capital has acquired a stake in Esforin, a German company specializing in algorithm-based energy trading solutions. Esforin’s innovative approach optimizes supply and demand in the energy market by allowing customers to inject energy back into … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Sweden, Technology
Tagged algorithm, battery storage, Christian Hövelhaus, electricity customers, energy market, Energy Services for Industry, Esforin, grid, intraday market, Markus Hökfelt, renewable energy, SEB Greentech Venture Capital, trading
(IN BRIEF) Barclays has announced its investment in Trade Ledger’s working capital orchestration platform, aiming to enhance its working capital finance solutions for corporate clients globally. The partnership will bring industry-leading credit management automation and end-to-end solutions to Barclays Corporate … Read the full press release
Posted in Banks, Business, Financial, Investment, Management, Technology, United Kingdom
Tagged Asset Based Lending, Barclays, credit management automation, credit solutions, Invoice Discounting, James Binns, Martin McCann, Selected Debtor Finance, Trade Ledger, Working capital finance solutions, working capital offering, working capital orchestration platform
(IN BRIEF) Stellantis, a global automaker, has made an investment in Lyten, a Silicon Valley-based company known for its innovative 3D Graphene technology. The investment aims to accelerate the development and commercialization of Lyten’s breakthrough Lithium-Sulfur EV battery technology, lightweighting … Read the full press release
Posted in Automotive, Environment, Financial, France, Investment, Technology, Transportation & Logistics
Tagged 3D Graphene™ applications, battery, Carlos Tavares, Dan Cook, decarbonization, EV, graphene, Inflation Reduction Act, Lithium-Sulfur batteries, Lithium-Sulfur EV battery, lower carbon footprint, lowest emissions EV battery, Lyten, mobility, Silicon Valley, Stellantis
(IN BRIEF) Canada has joined the European Bank for Reconstruction and Development (EBRD)’s High-Impact Partnership for Climate Action (HIPCA), strengthening its support for climate action. HIPCA, launched at COP26 in 2021, focuses on combating climate change and environmental degradation through … Read the full press release
(IN BRIEF) Estonia, Latvia, and Lithuania, in collaboration with the EBRD, EC, and Nasdaq Baltic, are welcoming the MSCI initiative to consolidate their markets into a single index. This integration will raise the region’s profile among international investors who track … Read the full press release
Posted in Banks, Estonia, European Union, Financial, Investment, Latvia, Lithuania
Tagged Arvils Aseradens, Capital Markets Union initiative, EBRD, EC, Estonia, European Union, Gintarė Skaistė, index construction, index maintenance, Jim Turnbull, Kaarel Ots, Latvia, Lithuania, Mart Võrklaev, MSCI initiative, Nasdaq Baltic, Securities, The European Commission, The MSCI Baltic Index, Valdis Dombrovskis
(IN BRIEF) The EIB Institute’s Social Innovation Tournament has announced the 15 finalists for its 2023 edition. These social entrepreneurs, hailing from 10 European countries, were selected from a pool of 284 candidates. Their innovative solutions aim to generate social, … Read the full press release
Posted in Banks, European Union, Financial, Government, Investment, Luxembourg, Small Business
Tagged 2023 Social Innovation Tournament, detecting early dementia, EIB Institute Social Innovation Tournamen, Europe’s best impact entrepreneurs, GREEN HYDROGEN, inclusion in housing, protecting cultural heritage, SIT Alumni Network, Social Entrepreneurs, venture philanthropists
(IN BRIEF) 2X Global, an initiative launched by Development Finance Institutions (DFIs), has exceeded its target of raising $15 billion in gender lens investments. From 2021 to 2022, the initiative raised a total of $16.3 billion, benefiting 473 businesses across … Read the full press release
Posted in Banks, Business, Financial, Investment, Luxembourg, Management, Small Business, Society
Tagged 2X Global, ADP III, African Development Partners III Fund, development finance institutions, DFIs, DPI, female-led MSMEs, G7 Summit, gender equality, gender finance, gender lens investments, gender-smart businesses, HCGF IV, Horizon Capital, Jessica Espinoza, Kashf Foundation, Lori Kerr, SDGs 5, The 2X Challenge, Thomas Östros, UKRAINE
(IN BRIEF) Barclays has announced the appointment of Scott McDavid as Global Head of Equities and Ronnie Wexler as Global Head of Equities Distribution. Scott, formerly from Morgan Stanley, will lead the Barclays Global Equities team, while Ronnie, previously at … Read the full press release
Posted in Banks, Financial, Management, United Kingdom
Tagged Adeel Khan, appointment, Barclays, equities, equities trading, leadership, NYDIG, Ronnie Wexler, Scott McDavid, Stephen Dainton
(IN BRIEF) The European Investment Bank (EIB) celebrated Diversity Day Lëtzebuerg, Luxembourg’s national day of diversity, as part of European Diversity Month. The event, organized by the Diversity Charter Lëtzebuerg, aimed to promote diversity and inclusion in the workplace. The … Read the full press release
(IN BRIEF) Iberdrola and the International Finance Corporation (IFC) have formed a partnership to promote clean energy and decarbonization in emerging countries. The collaboration includes a green and sustainability-linked loan from IFC to Iberdrola for energy efficiency improvements in Brazil’s … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment
Tagged Alfonso García Mora, APLMA, clean energy, decarbonization, Electropaz, energy transition, Iberdrola, IFC, International Finance Corporation, José Sainz Armada, NEOENERGIA, Sowitec Vietnam, Termopernambuco, World Bank Group
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