Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

pbb Deutsche Pfandbriefbank lends € 120 million to EPISO 3 fund for the acqusition of 5 shopping centres in Poland

Posted on 16, July 2013 by

Munich/London/Warsaw, 16-7-2013 — /europawire.eu/ — pbb Deutsche Pfandbriefbank has agreed a € 120 million medium-term acquisition facility for the EPISO 3 fund, advised by Tristan Capital Partners. The proceeds will be used to acquire a portfolio of five shopping centres in … Read the full press release →

Posted in Banks, Business, Financial, Germany, Investment, Poland, Real Estate, Retail

Tagged , , , , , , , , , ,

Europe’s largest home improvement retailer Kingfisher plc confirmed French tax case settled in Kingfisher’s favour

Posted on 16, July 2013 by

16-7-2013 — /europawire.eu/ — Kingfisher plc, Europe’s largest home improvement retailer, today confirms that the Conseil d’Etat, France’s ultimate court, has considered an outstanding tax case dating back to 2003 and found in Kingfisher’s favour. There is no impact on Kingfisher’s … Read the full press release →

Posted in Business, Financial, Government, Law, Retail

Tagged , , , , , , , , , , , ,

Moody’s rating agency reaffirmed HSH Nordbank investment grade with stable outlook

Posted on 16, July 2013 by

Hamburg/Kiel, 16-7-2013 — /europawire.eu/ — Moody’s rating agency today set the long-term rating for HSH Nordbank at “Baa3” and the short-term rating at “Prime-3”, in each case with a stable outlook. This means that Moody’s has lowered the long-term and short-term rating … Read the full press release →

Posted in Banks, Business, Financial, Germany, Investment

Tagged , , , , , , ,

Air France-KLM Group and American Express Group strengthened their partnership

Posted on 15, July 2013 by

15-7-2013 — /europawire.eu/ — Alexandre de Juniac, Chairman and CEO of the Air France-KLM Group and Ken Chenault, CEO of the American Express Group, have strengthened their agreement in an aim to pursue their strategic partnership until 2019. As innovators of … Read the full press release →

Posted in Aviation & Aerospace, Business, Financial, France, Marketing, Travel

Tagged , , , , ,

Russian Vnesheconombank and Adams Street Partners of US Sign Cooperation Agreement

Posted on 15, July 2013 by

15-7-2013 — /europawire.eu/ — State Сorporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and International Investment Group Adams Street Partners (ASP) entered into an Agreement on Cooperation. On behalf of Vnesheconombank the Agreement was signed by Deputy Chairman – Board … Read the full press release →

Posted in Banks, Business, Financial, Infrastructure & Utilities, Investment, Russia

Tagged , , ,

H & M Hennes & Mauritz AB total June 2013 sales increased by 13% compared to last year’s June

Posted on 15, July 2013 by

15-7-2013 — /europawire.eu/ — In June 2013, H&M Group total sales including VAT in local currencies increased by 13 percent compared to the same month the previous year. Sales in comparable units increased by 3 percent. Comparable units comprise the stores and … Read the full press release →

Posted in Apparel, Fashion & Beauty, Business, Financial, Investment, Retail, Sweden

Tagged , , , ,

Associated British Ports signed with European Investment Bank for £70m loan facility to develop UK’s 2nd largest container terminal at Port of Southampton

Posted on 15, July 2013 by

15-7-2013 — /europawire.eu/ — Associated British Ports (ABP) announces today that its intermediate parent company, ABP Acquisitions UK Ltd (ABPA), has signed a £70m loan facility with the European Investment Bank. The loan from Europe’s long-term lending institution will be used to fund part … Read the full press release →

Posted in Banks, Business, European Union, Financial, International Trade, Investment, Transportation & Logistics, United Kingdom

Tagged , , , , , ,

Wincor Nixdorf opens representative office in Lagos, Nigeria

Posted on 12, July 2013 by

Wincor Nixdorf continues expansion in emerging markets 12-7-2013 — /europawire.eu/ — Wincor Nixdorf, one of the world’s leading providers of IT solutions and services for banks and retail businesses, is opening a new representative office in Lagos, the largest city in … Read the full press release →

Posted in Banks, Business, Financial, Germany, Retail, Technology

Tagged , , , ,

EBRD lends €1.5M to microfinance institution Kreditimi Rural i Kosoves LLC (KRK) in Kosovo

Posted on 12, July 2013 by

12-7-2013 — /europawire.eu/ — The European Bank for Reconstruction and Development (EBRD) is providing a €1.5 million loan to Kreditimi Rural i Kosoves LLC (KRK) – the third largest non-bank microfinance institution in Kosovo by total assets – for on-lending to … Read the full press release →

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

Tagged , , , ,

DONG Energy announced it divested ownership interest in municipal utility company Stadtwerke Lübeck GmbH

Posted on 12, July 2013 by

12-7-2013 — /europawire.eu/ — On 14 May 2012, DONG Energy announced considerations about its future involvement in the municipal utility company Stadtwerke Lübeck GmbH. DONG Energy has a 25.1 % stake. Whilst still subject to certain conditions including merger control clearance in Germany, … Read the full press release →

Posted in Business, Denmark, Energy, Gas & Oil, Financial, Germany, Investment

Tagged , , , , , , ,

Regional Development Committee approves €325 billion investment tool for EU regions

Posted on 12, July 2013 by

New rules for investing €325 billion in regional development projects across the EU in 2014-2020 were approved by the Regional Development Committee on Wednesday. This funding – roughly a third of the EU budget – will boost local growth and … Read the full press release →

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

Tagged , , , , , , ,

EIB lended EUR 250 million to the Croatian Bank for Reconstruction and Development

Posted on 12, July 2013 by

12-7-2013 — /europawire.eu/ — The European Investment Bank (EIB) is lending EUR 250 million to the Croatian Bank for Reconstruction and Development (HBOR – Hrvatska banka za obnovu i razvitak) to finance projects promoted by small and medium-sized enterprises (SMEs), mid-cap … Read the full press release →

Posted in Banks, Business, Croatia, European Union, Financial, Government, Investment

Tagged , , , , , ,

Leading fleet and vehicle management company LeasePlan Corporation N.V. launched operations in Russia

Posted on 12, July 2013 by

12-7-2013 — /europawire.eu/ — LeasePlan Corporation N.V., the world’s leading fleet and vehicle management company, today officially launched operations in Russia. LeasePlan currently manages over 1.3 million multi-brand vehicles. Continuing to expand its global reach, the launch of the Russian subsidiary … Read the full press release →

Posted in Automotive, Business, Financial, Netherlands, Russia, Transportation & Logistics

Tagged , , , , , ,

Treasury discount paper of the Federal Republic of Germany Auction announced by Deutsche Bundesbank

Posted on 12, July 2013 by

12-7-2013 — /europawire.eu/ — As already announced in the issuance calendar for the third quarter of 2013, the Federal Government will issue Treasury discount paper (“Bubills”) with a maturity of 12 months for sale by auction on 22 July 2013. An … Read the full press release →

Posted in Banks, Business, Financial, Germany, Government, Investment

Tagged , , , , , , ,

The European Commission has today proposed a Single Resolution Mechanism (SRM) for the Banking Union

Posted on 12, July 2013 by

12-7-2013 — /europawire.eu/ — The European Commission has today proposed a Single Resolution Mechanism (SRM) for the Banking Union. The mechanism would complement the Single Supervisory Mechanism (SSM) (IP/12/953) which, once operational in late 2014, will see the European Central Bank … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government

Tagged , , ,

Kapitalerhöhung von 800 Millionen R$ bei brasilianischer MPX – E.ON unterstützt Kapitalerhöhung mit 0,4 Milliarden R$

Posted on 12, July 2013 by

E.ON unterstützt Kapitalerhöhung mit 0,4 Milliarden R$ 12-7-2013 — /europawire.eu/ — Die Anteilseigner von MPX haben sich auf eine privatfinanzierte Kapitalerhöhung in Höhe von 800 Mio. brasilianischen Reals (R$, 0,3 Mrd. Euro1) geeinigt. Die Kapitalerhöhung wird zu einem Preis von 6,45 … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Germany, Investment

Tagged , , , ,

ING sold its 50% stake in its Chinese insurance joint venture ING-BOB Life Insurance Company to BNP Paribas Cardif

Posted on 11, July 2013 by

Amsterdam, 11-7-2013 — /europawire.eu/ — ING announced today that it has agreed to sell its 50% stake in its Chinese insurance joint venture ING-BOB Life Insurance Company to BNP Paribas Cardif, the insurance arm of BNP Paribas. The transaction, which is subject … Read the full press release →

Posted in Banks, Business, Financial, Insurance, Investment, Netherlands, United Kingdom

Tagged , ,

ING announced it sold its investment management business in South Korea to Australia based Macquarie Group

Posted on 11, July 2013 by

Amsterdam, 11-7-2013 — /europawire.eu/ — ING announced today that it has reached an agreement to sell its investment management business in South Korea to Macquarie Group, an Australia-based, global provider of financial services. The transaction is not expected to have a material … Read the full press release →

Posted in Banks, Business, Financial, Investment, Netherlands

Tagged , , , ,

DONG Energy A/S announced Tender Offer Results

Posted on 11, July 2013 by

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY U.S. PERSON (AS DEFINED BELOW) OR IN OR INTO THE UNITED STATES (AS DEFINED BELOW). OTHER RESTRICIONS (AS SET OUT IN TENDER OFFER MEMORANDUM) APPLY.  THIS COMPANY ANNOUNCEMENT AND THE RELATED … Read the full press release →

Posted in Business, Denmark, Energy, Gas & Oil, Financial, Investment

Tagged ,

Rosneft and Russian Federal Tax Service signed pricing agreement on oil sales taxation for the Russian market

Posted on 11, July 2013 by

11-7-2013 — /europawire.eu/ — On July 04, 2013 Rosneft President Igor Sechin and Head of the Federal Tax Service of Russia Mikhail Mishustin signed the Pricing Agreement for the purpose of taxation of oil sales transactions at the Russian market. … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Government, Law, Russia

Tagged , , ,