Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Der irische Minister Paschal Donohoe vertritt die Eurozone bei Treffen des IWF und der Weltbank zu nachhaltiger Entwicklung und Finanzstabilität

(IN KÜRZE) Paschal Donohoe, Präsident der Eurogruppe und irischer Minister für öffentliche Ausgaben, Umsetzung nationaler Entwicklungspläne und Reformen, nimmt an der Frühjahrstagung des Internationalen Währungsfonds und der Weltbankgruppe in Washington D.C. teil, um die Eurozone zu vertreten. Er wird an … Read the full press release

Irish Minister Paschal Donohoe to Represent Euro Area at IMF and World Bank Meetings on Sustainable Development and Financial Stability

(IN BRIEF) Paschal Donohoe, President of the Eurogroup and Irish Minister for Public Expenditure, National Development Plan Delivery, and Reform, is attending the Spring Meetings of the International Monetary Fund and World Bank Group in Washington D.C. to represent the … Read the full press release

Crédit Agricole acquires 30% stake in Michelin-backed Watèa for low-carbon mobility push

(IN BRIEF) Crédit Agricole Leasing & Factoring has finalized its purchase of a 30% stake in Watèa, a company founded by Michelin, to accelerate low-carbon mobility in Europe. The partnership aims to support the transition to a low-carbon economy and … Read the full press release

Zurich Insurance Group announces successful AGM with full Board re-election

(IN BRIEF) Zurich Insurance Group’s shareholders have confirmed Michel M. Liès as Chairman of the Board of Directors at the Annual General Meeting. All the other current Board members have also been elected. The Board comprises 12 members, with equal … Read the full press release

FCA and ASA team up with influencer Sharon Gaffka to educate “fin-fluencers” on risks of promoting financial products

(IN BRIEF) The UK’s Financial Conduct Authority (FCA) and Advertising Standards Authority (ASA) have partnered with influencer Sharon Gaffka to educate “fin-fluencers” on the risks associated with promoting financial products. The FCA and ASA plan to engage with influencers and … Read the full press release

Eni’s Plenitude and CDP Equity commit to decarbonisation of Italy’s electricity sector through GreenIT investment

(IN BRIEF) GreenIT, the Italian joint venture between Plenitude (Eni) and CDP Equity (CDP Group), which produces electricity from renewable sources, has approved a new business plan for 2023-2027. The plan includes a total investment of €1.7 billion ($2 billion) … Read the full press release

FMO and partners provide second syndicated loan to Turkey’s Kılıç Deniz for growth and diversification

(IN BRIEF) Dutch development bank FMO, along with French development finance institution Proparco and SDG-focused emerging market credit fund ILX Fund, has provided a €60m ($71.6m) syndicated loan to Turkey’s Kılıç Deniz, a leading aquaculture player. The funds will be … Read the full press release

Iberdrola Plans to Build Photovoltaic Panel Manufacturing Plant in Spain with European Funding

(IN BRIEF) Iberdrola has submitted a proposal for a photovoltaic panel manufacturing plant to the European Commission’s Innovation Fund. The plant will have a production capacity of 1.6 GW per year, equivalent to 3 million panels, and could cover a … Read the full press release

Allianz Trade partners with Singapore-based Bueno.money for B2B e-commerce venture

(IN BRIEF) Allianz Trade has entered into the B2B e-commerce space with Bueno.money, a Singapore-based Buy-Now-Pay-Later (BNPL) player, through its credit solution E-commerce Credit Insurance. This allows Bueno.money to offer a deferred payment solution to e-merchants in real-time with credit … Read the full press release

El BERD contribuye al sector de las energías renovables de Uzbekistán con una inversión de 205 millones de dólares en una planta solar

(NOTICIA EN BREVE) El BERD está invirtiendo $ 205 millones en la construcción de tres plantas de energía solar completamente nuevas en Uzbekistán. El paquete financiero se proporcionará a Abu Dhabi Future Energy Company (Masdar), con el cofinanciamiento esperado del … Read the full press release

EBRD contributes to Uzbekistan’s renewable energy sector with $205m solar plant investment

(IN BRIEF) The EBRD is investing $205 million in the construction of three greenfield solar power plants in Uzbekistan. The financial package will be provided to Abu Dhabi Future Energy Company (Masdar), with expected co-financing from the Asian Development Bank, … Read the full press release

Equistone-backed Talon bolsters OOH offering with Evolve and Novus Canada purchases

(IN BRIEF) Talon, a global independent Out-of-Home (OOH) media agency backed by Equistone Partners Europe, has completed two bolt-on acquisitions worth £100m to expand its international footprint. The acquisitions of Evolve, an independent specialist international OOH business, and Novus Canada, … Read the full press release

Nordic Investment Bank et Elekta AB poursuivent leur coopération avec un prêt R&D de 50 millions d’euros pour des innovations dans le traitement du cancer

(ACTUALITÉ EN BREF) Nordic Investment Bank (NIB) et Elekta AB, un fabricant suédois d’équipements médicaux, ont conclu un accord de prêt de 50 millions d’euros sur 7 ans pour financer des investissements de R&D dans des solutions et des traitements … Read the full press release

Nordic Investment Bank and Elekta AB continue cooperation with €50 million R&D loan for cancer treatment innovations

(IN BRIEF) Nordic Investment Bank (NIB) and Elekta AB, a Swedish medical equipment manufacturer, have agreed to a 7-year loan deal worth €50 million to finance R&D investments in oncology solutions and treatment. The loan will support Elekta’s research and … Read the full press release

Crédit Agricole Consumer Finance acquires FCA Bank and renames it Crédit Agricole Auto Bank

(IN BRIEF) Crédit Agricole Consumer Finance has renamed its newly-acquired FCA Bank as Crédit Agricole Auto Bank. The acquisition comes as a powerful lever for the bank to support its clients in environmental and energy transitions in the automotive industry. … Read the full press release

Aegon to Focus on Core Activities, Sells UK Protection Book to Royal London

(IN BRIEF) Aegon UK has sold its individual protection book to Royal London as part of its strategy to focus on core Retail and Workplace platform activities in the UK. The portfolio of life, critical illness, and income protection policies … Read the full press release

Societe Generale doubles start-up participants in sustainability-focused incubator programme

(IN BRIEF) Societe Generale’s Global Markets Incubator has welcomed 11 sustainability-focused start-ups to its program, selected from over 140 applicants addressing the finance industry’s ESG concerns, including carbon emissions quantification, impact tracking and measurement, and biodiversity. Participants in the six-month … Read the full press release

Aviva insures £400m in pension liabilities for DB (UK) Pension Scheme

(IN BRIEF) Aviva has completed a £400 million bulk purchase annuity buy-in transaction with the trustees of the DB (UK) Pension Scheme, which will insure the defined benefit pension liabilities for almost 1,300 members, removing the investment and longevity risk … Read the full press release

BNP Paribas Personal Finance strengthens position as European leader in personal financing with Stellantis partnership

(IN BRIEF) BNP Paribas Personal Finance has become the exclusive partner for Stellantis’ captive for financing activities, serving all its brands across Germany, Austria, and the UK. This move almost doubles the assets of BNP Paribas Personal Finance in Germany … Read the full press release

EBRD, IFC, and TBC Bank provide $28.3m capital injection to support TBC Bank Uzbekistan’s growth and digitalisation

(IN BRIEF) The EBRD, IFC, and TBC Bank Group have invested an additional $28.3 million in TBC Bank Uzbekistan, solidifying the bank’s position in Uzbekistan’s banking industry and promoting further digitalization of the country’s banking sector. The capital injection follows … Read the full press release