Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Lloyds Banking Group and Crisis Launch New Lettings Agency to Tackle Homelessness

(IN BRIEF) Lloyds Banking Group has teamed up with homelessness charity Crisis in a two-year partnership to tackle the shortage of affordable homes in Great Britain. The partnership aims to build one million new affordable homes for people on low … Read the full press release

European Investment Fund and Flex Funding Agreement to Help Smaller Danish Firms Access Funding

(IN BRIEF) Danish SME crowdlending platform, Flex Funding, has signed an agreement with the European Investment Fund (EIF) for a guarantee of DKK 111.7 million, enabling up to 160 smaller Danish companies to obtain funding with attractive terms to continue … Read the full press release

Italy Joins Donor Efforts with €10 Million Grants to Boost EBRD Operations in Ukraine

(IN BRIEF) Italy and the European Bank for Reconstruction and Development (EBRD) have teamed up to support Ukraine and its people during the ongoing conflict. Italy has pledged grants worth up to €10 million to support the EBRD’s operations in … Read the full press release

Standard Chartered updates net zero roadmap with focus on oil and gas emissions reduction

(IN BRIEF) Standard Chartered has updated its net zero roadmap and announced a target of a 29% reduction in absolute financed emissions for the oil and gas sector by 2030, when calculated from a 2020 baseline. The bank’s approach ensures … Read the full press release

Deutsche Bank to Acquire Numis Corporation in All-Cash Offer

(IN BRIEF) Deutsche Bank has agreed on the terms of an all-cash offer to acquire Numis Corporation Plc, a UK-based corporate broking and advisory house. The acquisition will allow Deutsche Bank to become a leading provider to more than 170 … Read the full press release

Digi Communications N.V. announces the amendment of the Company’s 2023 financial calendar

Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024

(IN BRIEF) Digi Communications N.V. has amended its 2023 financial calendar, with the publication of its financial statements now estimated for June 30, 2023. The General Meeting of Shareholders will be held after the publication of the financial statements, with … Read the full press release

ANDRITZ reports strong growth in Q1 2023 despite global economic slowdown

(IN BRIEF) International technology group ANDRITZ has announced significant growth in revenue and operating result, both of which increased by over 20% in the first quarter of 2023 compared to the same period the previous year. The company also reported … Read the full press release

Belgian microfinance institution microStart to benefit over 3,000 microenterprises through €30m EIF deal

(IN BRIEF) The European Investment Fund (EIF) has signed a guarantee agreement with microStart, a microfinance institution in Belgium, to provide at least €30 million of financing for microenterprises in the country. The deal, supported by the EU’s InvestEU program, … Read the full press release

Romanian lender Patria Bank secures €5m loan from European Investment Fund to boost microentrepreneurship

(IN BRIEF) The European Investment Fund (EIF) has provided a €5 million loan to Patria Bank, a Romanian lender that specializes in financing small and microentrepreneurs with limited access to finance. The Tier II subordinated loan transaction, supported by InvestEU, … Read the full press release

European Investment Bank and Commission aim to bridge global climate finance gap with €18bn financing for partner countries

(IN BRIEF) The European Commission and the European Investment Bank have jointly announced an investment of €18 billion under the Global Gateway initiative, Europe’s investment strategy for partner countries. This investment will focus on the priority areas of Global Gateway, … Read the full press release

Agricultural Solutions and Automotive Sectors Contribute to BASF’s Q1 2023 Sales

(IN BRIEF) Chemical company BASF reported a decline in sales for Q1 2023 of €20bn, down €3.1bn compared to the prior year quarter, due to lower demand in almost all segments. However, the Agricultural Solutions segment recorded a significant increase … Read the full press release

Leadec Strengthens Core Business with New Services Related to Electric Mobility and Sustainability

(IN BRIEF) Leadec achieved record sales of €1.129 billion in fiscal year 2022, with 90% of orders from existing customers extended and core business strengthened with new services related to electric mobility, sustainability, and smart factory. Leadec’s total output increased … Read the full press release

Vattenfall’s Focus on Fossil-Free Power Generation Pays Off

(IN BRIEF) Swedish energy company Vattenfall has reported stable financial development for the first quarter of 2023. The company’s focus on investing in fossil-free power generation and upgrading the electricity grid has paid off, as falling electricity prices and a … Read the full press release

CIIP receives €50m funding from EIB to enhance water services in Marche, Italy

(IN BRIEF) The European Investment Bank (EIB) has granted €50 million to CIIP, the integrated water services provider in the provinces of Ascoli Piceno and Fermo, to improve water and wastewater services in Marche, benefiting over 414,000 people. The funding … Read the full press release

EIB and Aquafin sign €200m deal to finance climate adaptation and mitigation in Flanders

(IN BRIEF) The European Investment Bank (EIB) and wastewater treatment company Aquafin have signed a €200 million financing contract to support 150 climate change mitigation and adaptation projects in Flanders. The funding will support the separation of stormwater and wastewater, … Read the full press release

Cultural diversity celebrated as EBRD announces Literature Prize 2023 finalists

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the finalists for the EBRD Literature Prize 2023, which celebrates literary expression and cultural diversity in countries where the Bank operates. The three shortlisted works are Mister N … Read the full press release

EBRD loan to fund two residential rental projects in Warsaw to address housing shortage

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a loan equivalent to €50 million to NREP Nordic Strategies Fund IV’s Polish subsidiaries for two residential rental projects in Warsaw. The loan includes an uncommitted tranche for … Read the full press release

Atea ASA receives €50m financing from EIB to enhance data security and support data sovereignty in EU

(IN BRIEF) IT infrastructure company Atea ASA has secured a €50 million loan from the European Investment Bank to improve and expand its hosting facilities in EU countries, with a focus on improving data security and supporting the European goal … Read the full press release

BPEA EQT to acquire IMG Academy from Endeavor Group Holdings for $1.25 billion

(IN BRIEF) BPEA Private Equity Fund VIII, an affiliated investment fund of BPEA EQT, is set to acquire IMG Academy from Endeavor Group Holdings for USD 1.25 billion. IMG Academy, headquartered in Florida, provides a sports-focused boarding school, sports camps, … Read the full press release

Luxembourg Stock Exchange and Chongwa Financial Asset Exchange extend collaboration with new agreement

(IN BRIEF) The Luxembourg Stock Exchange (LuxSE) and Chongwa (Macao) Financial Asset Exchange Co. (MOX) have signed a new Cooperation Agreement during the official visit of the Macao Special Administrative Region to Luxembourg. The agreement extends the scope of the … Read the full press release