Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Euler Hermes / MAPFRE joint venture Solunion launched single operations platform to manage trade risks and unify its credit insurance offerings

Posted on 22, July 2013 by

22-7-2013 — /EuropaWire/ — Solunion, the joint venture owned equally by Euler Hermes, the global leader in trade credit insurance, and MAPFRE, the international insurance company market leader in Spain and in Latin America, has completed the integration of its teams in … Read the full press release →

Posted in Business, Financial, Insurance, Internet & Online, Spain, Switzerland, Technology

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FATF President Vladimir Nechaev keynote address at the 16th Annual Meeting of the Asia Pacific Group on Money Laundering in Shanghai, China

Posted on 22, July 2013 by

Shanghai, 22-7-2013 — /EuropaWire/ — Distinguished Co-Chairs, delegates and colleagues, It is a great pleasure for me to be here with you in Shanghai for the 16th APG Annual Meeting. At the outset, I would like to thank APG for giving me … Read the full press release →

Posted in Business, Financial, Government, Law, Politics

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The European Commission announced it cleared the acquisition of US based MEI Group by Crane Co. subject to divestments in Canada and Germany

Posted on 19, July 2013 by

19-7-2013 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of MEI Group by Crane Co., both of the United States. MEI and Crane both manufacture various unattended payment systems. The clearance is conditional … Read the full press release →

Posted in Business, European Union, Financial, Government, Investment, Law

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Bertelsmann and Pearson announce they completed Random House – Penguin Group merger forming new entity Penguin Random House

Posted on 19, July 2013 by

Contract Signing Follows Final Negotiation Between Shareholders Markus Dohle To Serve As CEO Bertelsmann Appoints Five Board Of Directors Members, Pearson Four All Territorial Regulatory Approvals Received Without Conditions  19-7-2013 — /europawire.eu/ — Bertelsmann and Pearson today signed the final contracts … Read the full press release →

Posted in Business, Financial, Germany, Investment, Media, United Kingdom

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FrieslandCampina to reduce Friso products range prices in China

Posted on 19, July 2013 by

19-7-2013 — /europawire.eu/ — FrieslandCampina Trading (Shanghai) Co., Ltd. announces today it is fully cooperating with the Price Supervision and Anti-Monopoly Bureau under China’s National Development and Reform Commission (NDRC) as part of an anti-trust investigation. FrieslandCampina supports the NDRC’s objective … Read the full press release →

Posted in Business, Financial, Food & Beverage, Government, Law, Netherlands

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FrieslandCampina Investments Holding B.V. purchased a 7.5 percent interest in New Zealand milk processor Synlait Milk Ltd

Posted on 19, July 2013 by

19-7-2013 — /europawire.eu/ —  FrieslandCampina Investments Holding B.V.(1), a subsidiary of Royal FrieslandCampina N.V., has purchased a 7.5 percent interest in Synlait Milk Ltd. The dairy company is located in New Zealand’s South Island, near Christchurch. Completion of this transaction … Read the full press release →

Posted in Agriculture, Business, Financial, Food & Beverage, Investment, Netherlands

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Saint-Gobain issued update on the Verallia North America acquisition following complaint filed by the US Federal Trade Commission

Posted on 19, July 2013 by

19-7-2013 — /europawire.eu/ — On January 17, 2013, Compagnie de Saint-Gobain has accepted the purchase offer of Ardagh on Verallia North America for an enterprise value of $1,694 million (around €1,275 million), representing 6.5 times 2012 EBITDA (around $261 million). The … Read the full press release →

Posted in Business, Construction, Financial, France, Government, Industrial, Investment, Law

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Lafarge sold its North American Gypsum division to an affiliate of Lone Star Funds

Posted on 19, July 2013 by

Paris, 19-7-2013 — /europawire.eu/ — Lafarge announces the sale of its subsidiary’s North American Gypsum assets at an enterprise value of 700 million US dollars (533 million euros) to an affiliate of Lone Star Funds. Lafarge North America’s Gypsum division manufactures gypsum … Read the full press release →

Posted in Business, Construction, Financial, France, Industrial, Investment, Management

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Kering completed Italian jewelry group Pomellato acquisition

Posted on 18, July 2013 by

18-7-2013 — /europawire.eu/ — Kering announced today that it has completed the acquisition of a majority stake in the Pomellato group, in accordance with the terms announced on 24 April, 2013, after having received clearance from the antitrust authorities. About Kering … Read the full press release →

Posted in Apparel, Fashion & Beauty, Business, Financial, France, Investment, Italy, Retail

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Greece referred to European Court of Justice for failure to recover incompatible aid

Posted on 18, July 2013 by

18-7-2013 — /europawire.eu/ — The European Commission has referred Greece to the European Court of Justice (ECJ) for failing to comply with two distinct Commission decisions that ordered Greece to recover incompatible state aid from three Greek casinos (see IP/11/635) and from … Read the full press release →

Posted in Belgium, Business, European Union, Financial, Government, Greece, Law

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The Praha 1 District Court judgment in favour of Komerční banka over mortgage loan administration bank fees case

Posted on 18, July 2013 by

Prague, 18-7-2013 — /europawire.eu/ — The Praha 1 District Court delivered yesterday its judgment in favour of Komerční banka in the case of a client demanding refund of the bank fees charged for mortgage loan administration. Within a short span of time, this … Read the full press release →

Posted in Banks, Business, Czech Republic, Financial, Law, Real Estate

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Komerční banka’s Jistota Foundation helped over 50 health and social projects in 2012

Posted on 18, July 2013 by

Prague, 18-7-2013 — /europawire.eu/ — Last year, Komerční banka’s Jistota Foundation provided 56 gifts, which were worth more than CZK 7.5 million. In line with the Foundation’s mission, the gifts were mainly routed into projects of a health or social nature. Foundation … Read the full press release →

Posted in Banks, Business, Czech Republic, Financial, Healthcare, Non Profit, Society

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Cassa depositi e prestiti, SACE, BNPP AND HSBC to provide € 300M loan to South African energy public utility company Eskom Holdings SOC Limited

Posted on 18, July 2013 by

The credit line will be used for the construction of underground works related to the pump storage power plant of Ingula Rome, 18-7-2013 — /europawire.eu/ — Cassa depositi e prestiti (CDP), SACE, BNP Paribas Corporate and Investment Banking and HSBC Bank … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Financial, Infrastructure & Utilities, Investment, Italy

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KfW and Cassa Depositi e Prestiti cooperate on export finance, strategic controlling and municipal finance

Posted on 18, July 2013 by

Main areas: export finance, strategic controlling and municipal finance Agreement on staff exchanges  18-7-2013 — /europawire.eu/ — Today (2013-07-11) Franco Bassanini, Chairman, and Giovanni Gorno Tempini, Chief Executive Officer at Italy’s Cassa Depositi e Prestiti (CDP), and Dr Ulrich Schröder, Chief … Read the full press release →

Posted in Banks, Business, Financial, Germany, Infrastructure & Utilities, Italy

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German KfW and Russian state Vnesheconombank to cooperate on environmental finance

Posted on 18, July 2013 by

Signed memorandum of understanding on cooperation in environmental finance Cooperation between two partner banks of the International Development Finance Club (IDFC)  18-7-2013 — /europawire.eu/ — Today KfW and the Russian state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank, VEB) … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Russia

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Japan financial services group ORIX Corporation and Rabobank announce Robeco Groep N.V. acquisition completed

Posted on 18, July 2013 by

18-7-2013 — /europawire.eu/ — ORIX Corporation (ORIX), Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., (Rabobank) and Robeco Groep N.V. (Robeco) announce, further to the press release dated February 19th[1], 2013 and earlier than expected, that the acquisition of Robeco by ORIX has been completed. … Read the full press release →

Posted in Banks, Business, Financial, Investment, Netherlands

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Icade acquired Saint-Etienne based private hospital Hôpital de la Loire

Posted on 18, July 2013 by

18-7-2013 — /europawire.eu/ — Icade Santé has acquired the Hôpital de la Loire, a private hospital in Saint-Etienne (Loire), from the ACAPACE Group and a family investment company SOFIVAL, for 58 million euros including duties. The hospital is a 305-bed … Read the full press release →

Posted in Business, Financial, France, Healthcare, Investment, Real Estate

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Russia’s largest retailer OJSC “Magnit” opened its 140th Hypermarket

Posted on 18, July 2013 by

Krasnodar, 18-7-2013 — /europawire.eu/ — OJSC “Magnit”, Russia’s largest retailer (the “Company”; MICEX and LSE: MGNT), is pleased to announce the opening of the 140th hypermarket of a medium format. Please be informed that today the Company has opened its 140th hypermarket of … Read the full press release →

Posted in Business, Financial, Investment, Retail, Russia

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Support granted by Latvia to Latvian Mortgage and Land Bank found in line with EU state aid rules

Posted on 17, July 2013 by

17-7-2013 — /europawire.eu/ — The European Commission has found support granted by Latvia for the transformation of the Latvian Mortgage and Land Bank (MLB) to be in line with EU state aid rules. In particular, the sale of MLB’s commercial assets … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Latvia, Law

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Outotec OYJ announced it will publish its Interim Report January-June 2013 on on Wednesday, July 31, 2013

Posted on 17, July 2013 by

17-7-2013 — /europawire.eu/ — Outotec’s Interim Report January-June 2013 will be published on Wednesday, July 31, 2013 at 9.00 am Finnish time. A briefing hosted by President and CEO Pertti Korhonen will be held on the same day in Helsinki, … Read the full press release →

Posted in Business, Financial, Finland, Industrial, Investment, Metals and Minerals

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