Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

GSK Forms Exclusive Partnership with Zhifei to Promote Shingrix Vaccine in China

(IN BRIEF) GSK plc has announced an exclusive agreement with Chongqing Zhifei Biological Products, Ltd. (Zhifei) to co-promote GSK’s shingles vaccine, Shingrix, in China for an initial three-year period, with the potential for extension. Zhifei, China’s largest vaccine company by … Read the full press release

Ericsson Launches Gen-E Graduate Program in Middle East and Africa to Nurture ICT Talent

(IN BRIEF) Ericsson has introduced the Gen-E Graduate Program in the Middle East and Africa region, aimed at offering young talents an opportunity for world-class learning and career development. This program is designed to provide structured development in collaboration with … Read the full press release

EQT Strengthens Healthcare Team with Key Partner Appointments in London

(IN BRIEF) EQT, a prominent investment firm, welcomes Maarten de Jong and Mark Braganza as new Partners to its Healthcare team, based in London. EQT, with a 30-year history of investing in healthcare companies, supports companies across various growth stages … Read the full press release

Paperless Revolution: Lloyds Bank Digitizes Guarantees and Standby Letters of Credit

(IN BRIEF) Lloyds Bank has introduced a revolutionary “Paperless Guarantee” initiative, enabling clients to request digital Direct Guarantees or Standby Letters of Credit for more efficient, secure, and environmentally friendly trade transactions. This initiative follows Lloyds Bank’s success in pioneering … Read the full press release

European Investment Fund and Fintech Firm Invoier Join Forces to Empower SMEs in Sweden

(IN BRIEF) The European Investment Fund (EIF) and Swedish fintech firm Invoier have entered into a significant €58 million guarantee agreement to enhance funding accessibility for small and medium-sized enterprises (SMEs) and other businesses through loans and invoice trading. Supported … Read the full press release

Sustainability at the Forefront: EIB and Crédit Agricole Italia Inject €400 Million into Business Expansion

(IN BRIEF) The European Investment Bank (EIB) and Crédit Agricole Italia have signed a €400 million agreement to support small and medium-sized enterprises (SMEs) and agricultural companies. A significant portion of this funding, over 25%, will be directed towards environmental … Read the full press release

DNV Grants Approval in Principle to Hanwha Ocean for Innovative 270,000cbm LNG Carrier

(IN BRIEF) DNV, a classification society, has awarded Hanwha Ocean an Approval in Principle (AiP) for their groundbreaking 270,000cbm LNG carrier design. This innovative LNG carrier, measuring 345 meters in length and featuring a breadth (moulded) of 55 meters, is … Read the full press release

Scania Introduces High-Range Battery-Electric Bus Platform with Over 500 km Range

(IN BRIEF) Scania has unveiled its new battery-electric bus platform at Busworld, featuring low-entry 4×2 buses equipped with sustainably sourced and built batteries with an impressive energy storage capacity of up to 520 kWh. Developed specifically for heavy commercial vehicles, … Read the full press release

TotalEnergies Surpasses 1,000 High-Power Chargers for Electric Vehicles in France, Becomes No.1 in Ultra-Fast Charging

(IN BRIEF) TotalEnergies has achieved a significant milestone in electric mobility by installing and operating over 1,000 high-power chargers (HPC) for electric vehicles across France, making it the leading player in ultra-fast charging on the country’s motorways and expressways. As … Read the full press release

DHL Group Completes Acquisition of Turkish Parcel Delivery Company MNG Kargo, Boosting E-commerce Logistics

(IN BRIEF) DHL Group has successfully finalized its acquisition of MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries, following approvals from the Turkish Competition Authority and the Turkish Information and Communications Technologies Authority. MNG Kargo, a … Read the full press release

Vodafone and NTT DOCOMO Outline Roadmap for Automation in Open Radio Area Networks (RAN)

(IN BRIEF) Vodafone and NTT DOCOMO have jointly released their second white paper, outlining a strategic path toward increased automation in Open Radio Area Networks (RAN) for 5G networks. The focus is on reducing manual processes through AI and Machine … Read the full press release

BASF Celebrates 25 Years of ecoflex® Biopolymer, Pioneering Sustainability in Plastics

(IN BRIEF) BASF marks the 25th anniversary of ecoflex® (PBAT: polybutylene adipate terephthalate), the world’s first biodegradable and certified compostable polymer introduced to the plastics market in 1998. Over the years, ecoflex® has gained trust and recognition for its consistent … Read the full press release

Amundi Announces Key Leadership Changes: Aurélia Lecourtier Appointed CFO, Domenico Aiello to Become Deputy CEO of Amundi Italy

(IN BRIEF) Amundi, a prominent asset management firm, has announced key leadership changes slated for November 1, 2023. Aurélia Lecourtier, a former adviser to the Prime Minister and member of the Cour des Comptes, will assume the role of Chief … Read the full press release

Umicore and Volkswagen-Backed PowerCo Unveil IONWAY: A Game-Changing Battery Material Joint Venture

(IN BRIEF) Umicore and Volkswagen Group-backed battery company PowerCo have officially launched their groundbreaking collaboration named IONWAY. This Brussels-based joint venture is focused on large-scale industrial production of CAM (Cathode Active Materials) and pCAM (Precursor Cathode Active Materials) in Europe, … Read the full press release

EBRD Launches Star Venture Program to Boost Palestinian Start-ups in West Bank and Gaza

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced its Star Venture program in the West Bank and Gaza to support high-potential start-ups in enhancing their business performance and fostering growth. This initiative marks the 23rd economy … Read the full press release

EBRD Extends €4 Million Loan to KEP Trust to Boost MSMEs and Female Entrepreneurs in Kosovo

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a loan of up to €4 million to KEP Trust, a microfinance institution in Kosovo and a long-standing partner of the EBRD. This loan aims to support micro, … Read the full press release

European Investment Bank Invests €7.5 Million in Polish Furniture Innovator Tylko’s R&D

(IN BRIEF) The European Investment Bank (EIB) has entered into a financing agreement with Tylko, a pioneering Polish furniture company revolutionizing the industry. With a €7.5 million investment from the EIB, Tylko aims to enhance its research and development (R&D) … Read the full press release

Valeo Receives €150 Million Investment from EIB for Groundbreaking Green Bond

(IN BRIEF) The European Investment Bank (EIB) has invested €150 million in Valeo’s inaugural €600 million green bond issue, aimed at advancing low-carbon mobility and sustainability. This investment aligns with Valeo’s commitment to carbon neutrality by 2050 and supports projects … Read the full press release

De Nora and Hydrolite Collaborate to Advance Green Hydrogen Production Using Anion Exchange Membrane (AEM) Technology

(IN BRIEF) Italian multinational company Industrie De Nora is partnering with Hydrolite Ltd., an energy subsidiary of Elbit Systems, to jointly develop and introduce a new Anion Exchange Membrane (AEM) stack device for generating and using hydrogen. The partnership aims … Read the full press release

Thales Secures Contract to Equip Polish Navy’s MIECZNIK Frigates with Advanced Combat Systems

(IN BRIEF) Thales has secured a contract to provide the TACTICOS integrated combat management system, sonars, air-surveillance and fire-control radars, and a 360° infrared sensor to the Polish Navy’s MIECZNIK frigate program. The contract is a result of a strategic … Read the full press release