(IN BRIEF) EnBW, a major energy company, has reported its operating results for the first half of 2023, surpassing expectations. The company expects its Group adjusted EBITDA to be €3.5 billion for the period, primarily driven by growth in thermal … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Investment, Management, News
Tagged clean energy transition, EnBW, Financial, investments, sustainability
(IN BRIEF) Skanska has secured a contract with Seagen to build a 25,000 square meter biomanufacturing facility in Everett, Washington, USA. The facility will encompass manufacturing, storage, shipping, office, and café spaces. The contract is valued at USD 215 million … Read the full press release
Posted in Business, Construction, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Pharma & Biotech, Sweden
Tagged Biomanufacturing Facility, partnership, Seagen, Skanska, USA, Washington
(IN BRIEF) Indosuez Wealth Management, a subsidiary of the Crédit Agricole Group, announces a significant agreement to acquire a majority stake in Degroof Petercam, a renowned wealth management leader in Belgium. The strategic acquisition, done in partnership with CLdN group, … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a US$ 109 million loan to Turkiye İş Bankası (İşbank), the largest private bank in Türkiye, to aid businesses and individuals affected by the devastating earthquakes that hit … Read the full press release
Posted in Banks, Business, Financial, Small Business, Türkiye
Tagged Arthur Poghosyan, earthquakes, EBRD, Gamze Yalçın, İşbank, Türkiye, Türkiye Disaster Response Framework, Turkiye İş Bankası
(IN BRIEF) Romania is set to launch its inaugural auction for a contract-for-difference (CfD) support scheme to promote renewable energy. The scheme will provide backing for onshore wind power and solar photovoltaic projects with a combined capacity of 2,000 MW … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and UniCredit’s HypoVereinsbank are jointly providing credit lines exceeding €2 billion to support Deutsche Bahn in acquiring 90 new trains for the Munich S-Bahn. The financing is channeled through Bayerische Eisenbahngesellschaft (BEG) on … Read the full press release
Posted in Banks, European Union, Financial, Germany, Industrial, Infrastructure & Utilities, Transportation & Logistics
Tagged Ambroise Fayolle, Bayerische Eisenbahngesellschaft, Christian Reusch, Deutsche Bahn, EIB, HypoVereinsbank, Jan Kupfer, LHI Leasing GmbH, Munich S-Bahn, Siemens Mobility, special purpose vehicles, SPVs, Stefan Wildgruber, The European Investment Bank, trains, UNICREDIT
(IN BRIEF) The EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), has invested €360 million in a new asset-backed securities (ABS) issuance with Banco Santander. The investment will support working capital and liquidity needs … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Infrastructure & Utilities, Small Business, Spain, Technology
Tagged ABS issuance, asset-backed securities, Banco Santander. This investment, EIB, EIF, European Investment Bank, European Investment Fund, Green Projects, Marjut Falkstedt, Ricardo Mourinho Félix, Santander Consumo 5 securitisation fund, SMEs, The EIB Group
(IN BRIEF) Deutsche Börse Group, a global market infrastructure provider, is set to acquire the remaining shares of FundsDLT, a Luxembourg-based decentralized platform based on distributed ledger technology (DLT) for fund distribution and processing. The acquisition, expected to be completed … Read the full press release
(IN BRIEF) EQT Exeter Real Estate Income Trust, Inc. (EQRT) has announced the effectiveness of its Registration Statement on Form S-11 for its initial public offering of common stock. The company plans to offer up to $5 billion in shares … Read the full press release
Posted in Business, Financial, Investment, Management, News, Real Estate, Sweden
Tagged EQRT, EQT, Financial, QRT, Real Estate Income Trust
(IN BRIEF) The University of Liverpool’s Law & Non-Communicable Diseases Research Unit (Law & NCD Unit) has been granted £813,600 by the National Institute for Health and Care Research (NIHR) to study the impact of trade on implementing policies to … Read the full press release
Posted in Business, Education, Financial, Government, Healthcare, Investment, Law, Management, News, United Kingdom
Tagged Dr Gabriel Siles-Brügge, Dr Gregory Messenger, Dr May van Schalkwyk, Law & Non-Communicable Diseases Research Unit (Law & NCD Unit), Marcelo Campbell, National Institute for Health and Care Research (NIHR), NCD Prevention Policies, Professor Amandine Garde, University of Liverpool
(IN BRIEF) Vestas, a leading wind turbine manufacturer, has secured a 189 MW order to supply an undisclosed wind project in the USA. The order comprises 45 V150-4.2 MW wind turbines. Vestas will handle the supply, delivery, and commissioning of … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged partnership, turbine, US Wind Project, Vestas
(IN BRIEF) Lane, the U.S. subsidiary of the Webuild Group, has secured a $102-million contract for the design and partial reconstruction of the Interstate 4 (I-4) and Apopka-Vineland Road (State Road 535) interchange in Orange County, Florida. The project aims … Read the full press release
(IN BRIEF) ANDRITZ, an international technology group, will supply Enva Northern Ireland Ltd. with an automated fridge recycling plant for their new site in Toomebridge. The plant will process 70 fridges per hour and is set to start operating in … Read the full press release
(IN BRIEF) During the first half of 2023, ZF reported sales of €23.3 billion, a 10 percent increase from the previous year. The company’s adjusted EBIT reached €941 million, maintaining an EBIT margin of 4.0 percent. Despite challenges from inflation … Read the full press release
Posted in Automotive, Business, Economy, Financial, Germany, Industrial, Management, News, Technology
Tagged Financial, Michael Frick, ZF
(IN BRIEF) Hydro, a leading aluminum company, is investing NOK 67 million (EUR 6 million) to upgrade its aluminum extrusion plant in Lucé, France. The investment aims to improve the plant’s equipment, buildings, and infrastructure, enhancing its potential to become … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and HypoVereinsbank, a German affiliate of UniCredit, are providing credit lines totaling over €2 billion to Deutsche Bahn for the procurement of 90 new trains for the Munich S-Bahn. The financing will be … Read the full press release
Posted in Banks, Business, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics, United Kingdom
Tagged Ambroise Fayolle, Christian Reusch, EIB, financing, HypoVereinsbank, Jan Kupfer, Munich S-Bahn, partnership, Siemens Mobility, trains, UNICREDIT
(IN BRIEF) Nordic Investment Bank (NIB) has played a significant role in revitalizing Estonia’s healthcare over the past 15 years, funding six hospital-related projects with a total investment of EUR 138 million. One of the recent projects includes a EUR … Read the full press release
(IN BRIEF) Saint-Gobain has finalized the sale of its US CertainTeed Fence, Railing, and Decking Business (FRD) to Oldcastle APG, a CRH Company. The FRD business had sales of approximately €60 million in 2022 and operated from two industrial locations … Read the full press release
Posted in Business, Construction, Financial, France, Investment, Management, News
Tagged and Decking (FRD) Business, CRH Company, Oldcastle APG, Railing, Saint-Gobain, US CertainTeed Fence
(IN BRIEF) Alzheimer’s Research UK has provided £370k in grants to three researchers at the University of Exeter to support projects focused on finding new treatments, early diagnosis methods, and understanding the causes of Alzheimer’s disease. One of the projects … Read the full press release
Posted in Business, Education, Financial, Healthcare, Investment, Management, News, Science, United Kingdom
Tagged Alzheimer disease, Alzheimer’s Research UK, APOE gene, APOE4, Chris Hemsworth, dementia, Dr Emma Dempster, Dr Sara Imarisio, epigenetics, Luke Weymouth, Professor Katie Lunnon, University of Exeter
(IN BRIEF) ING has announced that it repurchased 1,588,973 shares during the week of 24 July 2023, as part of its €1.5 billion share buyback program launched on 11 May 2023. The shares were repurchased at an average price of … Read the full press release
Posted in Banks, Financial, Industrial, Investment, Management, Netherlands, News
Tagged buyback program, Financial, ING
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