Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Tikehau IM signed the Charter of the Six Principles for Responsible Investment (UN PRI)

Tikehau IM and Salvepar signed the United Nations Principles for Responsible Investment (UN PRI) Paris, 16-7-2014 — /EuropaWire/ — Tikehau IM, the asset manager of the Tikehau Group and Salvepar, the listed holding company specialized in minority investments, signed the Charter … Read the full press release

Piaggio & C. S.p.A. has stipulated a 5-year 220 million euro syndicated line of credit

Pontedera, Italy, 16-7-2014 — /EuropaWire/ — Piaggio & C. S.p.A. has stipulated a 5-year 220 million euro syndicated line of credit. The facility may be increased to a maximum of 250 million euro and has been underwritten for an initial … Read the full press release

Kuehne + Nagel Group reports on its 2014 first half results

Schindellegi / CH, 16-7-2014 — /EuropaWire/ — In the first half of 2014 the Kuehne + Nagel Group increased volumes in all business units and gained market shares. The dynamic trend in the development of results, however, decelerated due to … Read the full press release

Banco Sabadell further strengthens its presence in Florida with the acquisition of JGB Bank

Sabadell, Spain, 16-7-2014 — /EuropaWire/ — The merger between Sabadell United Bank and JGB Bank significantly bolsters Banco Sabadell’s presence in Florida. Sabadell United Bank strengthens its position as a leading bank in Florida, where it has 40,000 clients and, approximately, 8 billion dollars … Read the full press release

Nordea completes sale of its 20.7% stake in Nets Holding A/S to consortium of funds advised by Advent International, ATP and Bain Capital

Copenhagen, Helsinki, Oslo, Stockholm, 14-7-2014 — /EuropaWire/ — The sale of Nordea’s 20.7% stake in Nets Holding A/S to a consortium consisting of funds advised by Advent International, ATP and Bain Capital was completed today. Nordea’s total proceeds of the divestment … Read the full press release

EnBW Energie Baden-Württemberg AG acquires 50 percent stake owned by Eni group in EnBW Eni Verwaltungsgesellschaft mbH

Karlsruhe, Germany, 14-7-2014 — /EuropaWire/ — EnBW Energie Baden-Württemberg AG acquires the 50 percent stake owned by Eni group, Rome, in EnBW Eni Verwaltungsgesellschaft mbH, Stuttgart, and thus indirectly 50 percent of Gasversorgung Süddeutschland GmbH (GVS) and 50 percent of terranets … Read the full press release

SNS REAAL starts preparations for the sales process of its Insurance activities

UTRECHT, the Netherlands, 14-7-2014 — /EuropaWire/ — SNS REAAL has started preparations for the sales process of its Insurance activities. J.P. Morgan, ABN AMRO and De Brauw Blackstone Westbroek have been engaged as respective financial and legal advisors for the sale. Internally, the … Read the full press release

EBRD to increase its participation in Saint-Gobain Construction Products Rus LLC from its current stake of 11% to 33%

PARIS, 11-7-2014 — /EuropaWire/ — Saint-Gobain and EBRD (European Bank for Reconstruction and Development) have signed an agreement whereby EBRD will increase its participation in Saint-Gobain Construction Products Rus LLC from its current stake of 11% to 33%. The EBRD equity injection … Read the full press release

KfW IPEX-Bank to finance the largest scrap steel recycling facilities in North America

KfW IPEX-Bank finances one of North America’s largest and most state-of-the-art production facilities Supporting Germany as a high-tech manufacturing location: SMS Siemag to supply core components for the highly efficient steel plant Recycling: Using scrap steel as the primary raw … Read the full press release

KfW IPEX-Bank to finance the construction of the most efficient power plant in Southeast Asia

Hermes-covered loan of USD 265 million State-of-the-art power plant construction in the Philippines Key German technology from Siemens facilitates lower-CO2 energy production at optimal efficiency Frankfurt, Germany, 11-7-2014 — /EuropaWire/ — KfW IPEX-Bank is financing the construction of a 414 MW combined cycle … Read the full press release

HSH Nordbank AG market survey: Confidence among shipping companies in the industry continues to grow

Shipping companies predict increased turnover and profits in 2014 Strong dynamic growth and increasing rates are expected in the bulk carrier market Shipping companies also see market opportunities for smaller and very large container vessels A wave of new construction … Read the full press release

pbb Deutsche Pfandbriefbank provides SEK 310 million to Fastighets AB for portfolio of eight residential let schemes located in the university city of Uppsala

Munich/Stockholm, 8-7-2014 — /EuropaWire/ — pbb Deutsche Pfandbriefbank has provided a SEK 310 million (approx. € 35 million) financing to Fastighets AB Linrepan, a wholly owned subsidiary of Hyresbostäder i Sverige II AB, managed by Obligo Investment Management AS. The transaction closed … Read the full press release

BBVA becomes the first global banking group to commercially launch mobile NFC payments based on the new cloud-based payment specifications from Visa

Visa’s Cloud Based Payments specification enables international expansion of BBVA Wallet from Spain to Mexico, Chile and the US this year London,  4-7-2014 — /EuropaWire/ — BBVA today becomes the first global banking group to commercially launch mobile NFC payments based … Read the full press release

pbb Deutsche Pfandbriefbank to provide €21m medium-term acquisition facility to CBRE European Shopping Centre Fund for its acquisition of “Galeria Mazovia” in Plock, Poland

Munich/Warsaw/London,  4-7-2014 — /EuropaWire/ — pbb Deutsche Pfandbriefbank has agreed a € 21 million medium-term acquisition facility for the CBRE European Shopping Centre Fund managed and advised by CBRE Global Investors for its acquisition of the shopping centre “Galeria Mazovia” in … Read the full press release

pbb Deutsche Pfandbriefbank and UniCredit Bank Austria AG to provide € 215 million senior facility to refinance Point Park Properties´existing logistics portfolio

Munich/Vienna/Prague/London, 4-7-2014 — /EuropaWire/ — pbb Deutsche Pfandbriefbank and UniCredit Bank Austria AG have jointly underwritten a € 215 million senior facility to refinance Point Park Properties´ (P3’s) existing logistics portfolio in the Czech Republic, Slovakia and Poland. The transaction closed … Read the full press release

Banque Internationale à Luxembourg (BIL) now accepts submissions for the 8th ‘Woman Business Manager of the Year Award’

Luxembourg, 4-7-2014 — /EuropaWire/ — The 2014 ‘Woman Business Manager of the Year Award’ is an opportunity for Banque Internationale à Luxembourg (BIL) to once again highlight examples of female talent. Applications must be submitted by email by Wednesday 15 October 2014. … Read the full press release

Schindler to make further CHF 40 million impairment to the book value of its Hyundai Elevator participation in view of Hyundai Elevator share price weakness

Ebikon, Switzerland, 4-7-2014 — /EuropaWire/ — The price of the shares of Hyundai Elevator Co. Ltd., South Korea (Hyundai Elevator) suffered further declines in June and has reached new lows in the past few days, despite the positive trends the company reported in … Read the full press release

Eurex Group recorded an average daily volume of 8.0 million contracts in June

Eschborn, Germany, 4-7-2014 — /EuropaWire/ — In June, the international derivatives exchanges of Eurex Group recorded an average daily volume of 8.0 million contracts (June 2013: 10.1 million). Of those, 6.0 million were Eurex Exchange contracts (June 2013: 8.1 million), and 2.0 … Read the full press release

Halifax introduced new savings rates across its range of its ISA accounts

SCOTLAND, 4-7-2014 — /EuropaWire/ — In line with the launch of the ‘NISA’ Halifax has today introduced new savings rates across its range of its ISA accounts. The new rates on the Halifax ISA Saver Fixed, ISA Saver Variable and ISA Saver Online … Read the full press release

EY report: Global mining sector to require complete business transformations to reverse decade-long decline in productivity

The decade-long decline in productivity in the global mining sector will require complete business transformations to reverse, according to a new EY report. Sydney, 4-7-2014 — /EuropaWire/ — Commenting on the release today of Productivity in mining: A case for broad transformation, EY … Read the full press release