Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Eesti Pank selects Colliers International Advisors OÜ to help with the sale of Maardu manor estate

Tallinn, Estonia, 5-2-2015 — /EuropaWire/ — The Eesti Pank executive board has decided to put the Maardu manor estate up for sale at a starting price of two million euros. The real estate company Colliers International Advisors OÜ has been chosen … Read the full press release

The Basel Committee issued guidance on accounting for expected credit losses with 11 fundamental principles

BASEL, 5-2-2015 — /EuropaWire/ — The Basel Committee has today issued, for consultation, guidance on accounting for expected credit losses. Comprising 11 fundamental principles, the guidance sets out supervisory expectations for banks relating to sound credit risk practices associated with … Read the full press release

Funds managed by Equistone Partners Europe Limited acquired majority stake in POLO Motorrad und Sportswear GmbH

Equistone takes overt multi-channel retailer of motorcycle clothing and accessories Further growth is planned through market consolidation, strategic acquisitions and expanding the network of stores POLO Motorrad’s online trading and business to business channel are expected to be strengthened Munich/ … Read the full press release

Equistone Partners Europe Limited backed Bretèche Industrie acquisition of German-based IsernHäger

LONDON, 4-2-2015 — /EuropaWire/ — Bretèche Industrie (“the Group”), a leading manufacturer of equipment for the international food and pharmaceutical industries, has strengthened its bakery business with the 100% acquisition of German-based IsernHäger. The deal has been backed by Equistone … Read the full press release

Geberit AG announced it will acquire all Sanitec tendered shares at SEK 97 in cash per share

HELSINKI, 4-2-2015 — /EuropaWire/ —  On 14 October 2014, Geberit AG (“Geberit”) announced a public offer to the shareholders of Sanitec Corporation (“Sanitec”) to tender all shares in Sanitec to Geberit at a price of SEK 97 in cash per … Read the full press release

SIX Exchange: Nobel Biocare Holding Ltd, Kloten to be delisted

ZURICH, 4-2-2015 — /EuropaWire/ — On 19 January 2015, Nobel Biocare Holding Ltd, Kloten (Swiss Security Number 3’785’164 / ISIN CH0037851646) applied for the delisting of all of its listed registered shares with a par value of CHF 0.40 each. … Read the full press release

FrieslandCampina guaranteed price for raw milk for February 2015 is 31.50 euros per 100 kilogrammes

Amersfoort, the Netherlands, 3-2-2015 — /EuropaWire/ — The FrieslandCampina guaranteed price for raw milk for February 2015 is 31.50 euros per 100 kilogrammes of milk. The guaranteed price is 1.25 euros higher than in January 2015 (30.25 euros). Milk prices of … Read the full press release

Lafarge and Holcim entered in exclusive negotiations for the sale of EUR 6.5B assets to CRH

Zurich and Paris, 3-2-2015 — /EuropaWire/ — As part of their proposed merger, Lafarge and Holcim announce they entered exclusive negotiations further to a binding commitment made by CRH regarding the sale of several assets. The assets include operations mainly in … Read the full press release

Roche commences cash tender offer for up to 15,604,288 outstanding shares of common stock of Foundation Medicine, Inc. at a price of $50.00 per share

BASEL, 3-2-2015 — /EuropaWire/ — Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced that it has commenced a cash tender offer for up to 15,604,288 outstanding shares of common stock of Foundation Medicine, Inc. (NASDAQ: FMI) at a price of … Read the full press release

KfW IPEX-Bank finances two state-of-the-art well intervention vessels for Siem Offshore Rederi AS

Well intervention vessels for maintenance of offshore oil wells Vessels being constructed at FSG shipyard in Flensburg FRANKFURT, 3-2-2015 — /EuropaWire/ — KfW IPEX-Bank co-arranges the financing of two state-of-the-art well intervention vessels for Siem Offshore Inc.’s subsidiary Siem Offshore Rederi … Read the full press release

Euler Hermes to provide trade credit insurance services to Bulgarian clients with the opening of new office in Sofia

SOFIA, 3-2-2015 — /EuropaWire/ — Euler Hermes, the worldwide leader in trade credit insurance has opened a new office – Euler Hermes Bulgaria – in Sofia to provide trade credit insurance services to Bulgarian clients. The office will also contribute … Read the full press release

UK Deputy Prime Minister Nick Clegg visits Twickenham to mark the start of the biggest year in history for English rugby

The Deputy Prime Minister will visit Twickenham today to mark the start of the biggest year in history for English rugby. LONDON, 2-2-2015 — /EuropaWire/ — The visit comes just 4 days before the start of the Six Nations and … Read the full press release

PwC Q4 update: European loan portfolios with face value of €91bn were sold in 2014, up from €64bn the previous year

LONDON, 2-2-2015 — /EuropaWire/ — European loan portfolios with a face value of €91bn were sold in 2014, up from €64bn the previous year, says PwC in a Q4 update from its Portfolio Advisory Group. PwC say the European secondary market … Read the full press release

Visa Europe reported its strongest annual financial performance to date with revenue 9% up YoY

Revenue rises 9% and profits increase 30% year-on-year 2015 will be a defining year for digital payments Visa calls on retailers to use savings from regulation on improving consumer payments experience LONDON, 30-1-2015 — /EuropaWire/ — Visa Europe has reported its … Read the full press release

Snam, GIC, and EDF Invest entered into an agreement with Crédit Agricole Assurances for its 10% stake entry into TIGF’s share capital

Paris/San Donato Milanese, 29-1-2015 — /EuropaWire/ — Today, Snam, GIC, and EDF Invest entered into an agreement with Crédit Agricole Assurances for its entry into the share capital of TIGF with a 10% stake. Upon completion of the transaction, Snam, … Read the full press release

BBVA’s executive director José Manuel González-Páramo becomes the new Europe chair of the TransAtlantic Business Dialogue

BBVA’s executive director José Manuel González-Páramo is the new Europe chair of the TransAtlantic Business Dialogue (TABD). The TABD, of which BBVA is a longstanding member, gathers more than 60 major U.S. and European companies. The organization’s goal is to … Read the full press release

The Bank of England appointed Alex Brazier and Sam Woods to its Executive Team

The Bank of England today announced two new appointments to its Executive Team. LONDON, 29-1-2015 — /EuropaWire/ — The Court of the Bank of England today approved the appointment of Alex Brazier as Executive Director for Financial Stability Strategy and … Read the full press release

New exchange-listed equity index fund issued by Amundi launched on Deutsche Börse’s XTF segment

Frankfurt am Main, 29-1-2015 — /EuropaWire/ — Xetra/Börse Frankfurt: A new exchange-listed equity index fund issued by Amundi has been tradable in Deutsche Börse’s XTF segment since Tuesday. Name: Amundi ETF JPX-Nikkei 400 UCITS ETF (EUR) Asset class: equity ETF ISIN: … Read the full press release

Groupe BPCE’s Natixis Becomes First French bank to join Eurex Clearing’s Securities Lending CCP

Frankfurt am Main, 29-1-2015 — /EuropaWire/ — Eurex Clearing: Eurex Clearing, Europe’s leading clearing house and part of Deutsche Börse Group, has announced that Natixis, the corporate, investment management and financial arm of Groupe BPCE, the second-largest bank in France, has … Read the full press release

Loughborough University study: People with sight loss can face at least 25% higher costs for everyday living

People with sight loss can face at least 25% higher costs for everyday living than those who are fully sighted, according to a new study by Loughborough University for the sight loss charity Thomas Pocklington Trust. Leicestershire, UK, 28-1-2015 — … Read the full press release