Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Valio and St1 Joint Venture Explores Expansion of Biogas Plant Complexes for Renewable Energy Production

(IN BRIEF) Suomen Lantakaasu Oy, a joint venture between Valio and St1, is actively investigating the development of new biogas plant complexes in various regions. Currently, the construction of potential new plant complexes is under consideration in the Kokkola-Pietarsaari, Nivala-Haapavesi, … Read the full press release

Empa Researcher Aims to Enhance Energy Density of Water-Based Flow Batteries for Urban Renewable Energy Storage

(IN BRIEF) Empa researcher David Reber is on a mission to improve the energy density of water-based flow batteries, making them more suitable for storing renewable energy in urban environments. Flow batteries, unlike traditional lithium-ion batteries, store energy in liquid … Read the full press release

Tanzanian Leatherworkers Shine at BIO Africa Convention, Paving the Way for Business Growth

(IN BRIEF) Tanzanian leatherworkers from the Bulawayo Leather Cluster showcased their craftsmanship and commitment to business development at the 2023 BIO Africa Convention, a premier event for innovation and scientific advancement in Africa. The Bulawayo Leather Cluster, supported by Solidaridad’s … Read the full press release

Scania and SSAB Join Forces to Achieve Full Decarbonization of Steel Deliveries for Heavy-Duty Vehicles by 2030

(IN BRIEF) Scania and SSAB, two leading companies in the transportation and steel industries, have signed a letter of intent to eliminate carbon emissions from all steel deliveries from SSAB to Scania’s heavy-duty vehicles by 2030. This ambitious goal includes … Read the full press release

ANDRITZ to Supply High-Capacity Shredders for Polypropylene Recycling in the US

(IN BRIEF) International technology group ANDRITZ has secured an order from Krones AG, Germany, to provide six ADuro S shredders for a polypropylene (PP) recycling plant in the Southeast United States. These shredders, set to be operational in 2024, offer … Read the full press release

Amey Helps Achieve 30% Carbon Reduction in Avon and Somerset Courts Contract

(IN BRIEF) Amey, a provider of facilities management services and project solutions for the public estate, has assisted its client in achieving a 30% reduction in carbon emissions across its Avon and Somerset Courts contract. The reduction not only aligns … Read the full press release

AirFund Secures €6 Million in Financing Round Led by Amundi and Indosuez Wealth Management

(IN BRIEF) Amundi and Indosuez Wealth Management have jointly invested in AirFund, a digital platform designed to connect asset management firms and distributors of Private Markets funds with retail investors. This €6 million financing round marks a significant step in … Read the full press release

Alfa Laval Joins Global Effort at COP28 to Accelerate Transition to Net-Zero Emissions

(IN BRIEF) Alfa Laval, as part of the Swedish delegation to COP28, is actively participating in discussions and collaborations to expedite the transition to net-zero emissions by 2050. The company’s focus revolves around the systemic shift in key industries, including … Read the full press release

EBRD Provides €6 Million to Boost Kosovo’s MSMEs and Green Economy

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is allocating up to €6 million to Banka për Biznes in Kosovo for onward lending to micro, small, and medium-sized enterprises (MSMEs). This initiative aims to enhance entrepreneurship, market competitiveness, … Read the full press release

EBRD and Green Climate Fund’s High-Impact Programme Aims to Transform Hard-to-Abate Sectors for Net-Zero Goals

(IN BRIEF) The transition to a net-zero economy presents significant challenges for various industries, especially “hard-to-abate” sectors such as cement, steel, chemicals, mining, shipping, and aviation. These sectors contribute to about 30% of global emissions, making their transition crucial. The … Read the full press release

Kyrgyz Businesswoman Empowers Women in the Hotel Industry Through EBRD Support

(IN BRIEF) Women globally perform at least 2.5 times more unpaid work than men, with working mothers often balancing multiple roles, including employment, household chores, and childcare. In Central Asia, traditional constraints add to the challenges faced by women. Saikal, … Read the full press release

EBRD and EU Support Montenegro’s Green Energy Efficiency Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union (EU) and Austria, is bolstering energy efficiency investments in Montenegro by extending a €2 million loan to NLB Banka a.d. Podgorica, aimed at providing … Read the full press release

Digi Communications NV announces the release of the Q3 2023 Financial Results

Digi Communications NV announces the release of the Q3 2023 Financial Results

(IN BRIEF) Digi Communications N.V. has released its Q3 2023 financial results, which can be found on the company’s website. A conference call to discuss these results will be held today at 14:00 UK time / 16:00 EEST (Romania local … Read the full press release

EnBW Reports Strong Earnings Growth and Increased Investment in Energy Transition

(IN BRIEF) EnBW Energie Baden-Württemberg AG has announced its financial results for the first nine months of the 2023 financial year. The company reported revenue of approximately €34.7 billion and Group operating earnings (adjusted EBITDA) of €4.9 billion during this … Read the full press release

UniCredit Acquires 8.9781% Stake in Alpha Services and Holdings S.A. from HFSF

(IN BRIEF) UniCredit S.p.A. has confirmed the purchase of an 8.9781% minority stake in Alpha Services and Holdings S.A. in Greece from HFSF at a price of 1.39 Euros per share. This acquisition represents a premium of 9.4% over the … Read the full press release

Skanska Secures $98 Million Contract for Mercy Health Lourdes Hospital Tower Renovation

(IN BRIEF) Skanska has entered into a $98 million contract with Bon Secours Mercy Health for the renovation of the Mercy Health Lourdes Hospital Tower in Paducah, Kentucky, USA. The project entails the modernization and refurbishment of the Hospital Tower, … Read the full press release

Skanska Wins $100 Million Contract to Build STEM Building for Texas State University

(IN BRIEF) Skanska has secured a contract valued at $100 million from the Texas State University System to construct a new STEM (Science, Technology, Engineering, and Math) building on the San Marcos campus in Texas, USA. The eight-story, 14,500 square-meter … Read the full press release

Bosnian Furniture Maker Zanat Embarks on Digital Transformation Journey with EBRD Support

(IN BRIEF) Zanat, a renowned Bosnian furniture company known for its hand-carving techniques and UNESCO recognition, faced challenges with growing international demand, including delivery delays and product quality issues. To address these challenges and optimize their operations, the company sought … Read the full press release

Vodafone Partners with Accenture to Optimize Shared Operations, Boost Efficiency, and Drive Growth

(IN BRIEF) Vodafone Group Plc has unveiled plans for a strategic partnership with Accenture aimed at leveraging shared operations to enhance growth, customer service, and operational efficiency across Vodafone’s operating companies and partner markets. The collaboration will build upon Vodafone’s … Read the full press release

Rolls-Royce Successfully Tests UltraFan Demonstrator at Maximum Power Using Sustainable Aviation Fuel

(IN BRIEF) Rolls-Royce has achieved a significant milestone by successfully running its UltraFan technology demonstrator at maximum power in its Derby facility, UK. What makes this achievement even more noteworthy is that the initial test stage was conducted using 100% … Read the full press release