Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Fortum agreed to sell its 33% holding in Norwegian Infratek ASA for EUR 37M to fund advised by Triton

Posted on 3, July 2013 by

3-7-2013 — /europawire.eu/ — Fortum has agreed to sell its 33% holding in Norwegian Infratek ASA to a fund managed by Triton. The sales price is approximately EUR 37 million. The divestment is in line with Fortum’s aim to strengthen its strategic … Read the full press release →

Posted in Business, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Norway

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Fortum acquired district heat operations in Tartu, Estonia from Eraküte

Posted on 3, July 2013 by

3-7-2013 — /europawire.eu/ — Fortum has agreed to acquire district heat operations in the city of Tartu in Estonia from the Estonian district heat company Eraküte. The district heating network accounts for approximately 20% of the whole Tartu network and is the fastest … Read the full press release →

Posted in Business, Energy, Gas & Oil, Estonia, Financial, Finland, Infrastructure & Utilities, Investment

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UK Students from disadvantaged backgrounds will be supported in postgraduate study with up to £125M of extra funding

Posted on 3, July 2013 by

3-7-2013 — /europawire.eu/ — Students from disadvantaged backgrounds will be supported in postgraduate study with up to £125 million of extra funding, Universities and Science Minister David Willetts announced today. The Department for Business, Innovation and Skills and the Higher Education … Read the full press release →

Posted in Education, Financial, Government, Society, United Kingdom

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ThyssenKrupp Elevator acquired all assets of Cleveland, Ohio-based Edmonds Elevator, Inc.

Posted on 2, July 2013 by

2-7-2013 — /europawire.eu/ — ThyssenKrupp Elevator has acquired all assets of Cleveland, Ohio-based Edmonds Elevator, Inc. The US company, founded in 1875, provides elevator maintenance, repair and modernization services. “The acquisition continues our international growth strategy and strengthens our service business … Read the full press release →

Posted in Business, Electronics & Machinery, Financial, Germany, Industrial, Investment

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IBERDROLA’s Flexible Dividend plan offers shareholders €0.130 cash payment per share or free stock

Posted on 2, July 2013 by

Through its ‘Iberdrola Flexible Dividend´plan against the Group´s 2012 financial results A total of 30 subscription rights are required to obtain one new IBERDROLA share, with no cost or commissions The Company maintains its annual shareholder remuneration policy around €0.30 … Read the full press release →

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

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Da BEI 70 milioni ad Ascopiave per la rete gas nel Nordest

Posted on 2, July 2013 by

Pieve di Soligo,  2-7-2013 — /europawire.eu/ — La Banca europea per gli investimenti (BEI) ed Ascopiave hanno perfezionato un finanziamento di 70 milioni di euro finalizzato al sostegno degli investimenti per il miglioramento e l’espansione delle reti di distribuzione del gas … Read the full press release →

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

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EIB, Ascopiave sign for EUR 70 million loan for gas grid in north-east Italy

Posted on 2, July 2013 by

2-7-2013 — /europawire.eu/ — The European Investment Bank (EIB) and Ascopiave have signed a EUR 70 million loan in support of investments to improve and expand gas distribution networks in the Veneto and Lombardy regions. This is the first operation between the … Read the full press release →

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

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K-food stores cashback service expanded to cover the whole of Finland

Posted on 2, July 2013 by

2-7-2013 — /europawire.eu/ — In connection with their card purchases, customers can withdraw up to 200 euros with the debit cards of all Finnish banks. No minimum limit has been set for withdrawals. A service fee of 50 cents is charged … Read the full press release →

Posted in Financial, Finland, Food & Beverage, Retail

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The Kesko Group posted €847.0M sales in May 2013

Posted on 2, July 2013 by

2-7-2013 — /europawire.eu/ — The Kesko Group’s sales, excluding VAT, in May 2013 totalled €847.0 million, down 1.7%. In Kesko’s food trade, sales in May were €386.6 million, an increase of 3.9% compared to the previous year. In the home and … Read the full press release →

Posted in Business, Financial, Finland, Investment, Retail

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Fortum files complaint to EC on Swedish plans of increasing real-estate tax for hydropower

Posted on 2, July 2013 by

2-7-2013 — /europawire.eu/ — The Swedish State is planning to increase the real-estate tax for hydropower as of 2013. The tax is based on the production volumes and according to preliminary information, it will increase the share of tax from the … Read the full press release →

Posted in Business, Energy, Gas & Oil, European Union, Financial, Finland, Government, Law, Sweden

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EC approved Avio S.p.A. acquisition by General Electric Company

Posted on 2, July 2013 by

2-7-2013 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the aviation business of Avio S.p.A. of Italy by General Electric Company (GE) of the United States. The decision is conditional upon a … Read the full press release →

Posted in Aviation & Aerospace, Business, European Union, Financial, Investment, Italy, Law

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Die Erfolgsgeschichte der BAWAG P.S.K. KreditBox wird ab sofort um ein neues innovatives Kapitel bereichert: die KreditBox Online

Posted on 1, July 2013 by

rund um die Uhr über die Website www.einfachonline.at Kreditentscheidung nach nur wenigen Klicks kein Bearbeitungsentgelt 1-7-2013 — /europawire.eu/ — Internetaffine Kundinnen und Kunden haben nun die Möglichkeit, Konsumkredite direkt online zu beantragen. Der Online-Kredit ist einfach und bequem – überall und zu … Read the full press release →

Posted in Austria, Banks, Business, Financial, Internet & Online, Investment

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Die Nationalstiftung für Forschung, Technologie und Entwicklung investiert für 2013 insgesamt 91,81 Millionen Euro in österreichische Forschung und Innovation

Posted on 1, July 2013 by

1-7-2013 — /europawire.eu/ — Die Nationalstiftung für Forschung, Technologie und Entwicklung hat für das Jahr 2013 zusätzlich 8,5 Millionen Euro an österreichische Forschungsförderinstitutionen vorgesehen. Zusätzlich zu den am 18. Dezember 2012 und 19. März 2013 vergebenen Mitteln in Höhe von 83,31 Millionen … Read the full press release →

Posted in Austria, Banks, Business, Financial, Investment, Science, Small Business

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Cargotec Corporation to release January-June 2013 interim report on Thursday, 18 July 2013 on its web site

Posted on 1, July 2013 by

1-7-2013 — /europawire.eu/ — Cargotec Corporation will publish its January-June 2013 interim report on Thursday, 18 July 2013 at 12:30 p.m. EEST. The report will be available at www.cargotec.com after publication. A press conference for analysts and media, combined with a live international … Read the full press release →

Posted in Business, Financial, Finland, Industrial, Investment, Transportation & Logistics

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Croatia to become shareholder of the European Investment Bank as it joined the European Union

Posted on 1, July 2013 by

1-7-2013 — /europawire.eu/ —  Today, as Croatia joins the European Union, it also becomes a shareholder of the European Investment Bank, which has been providing loans in Croatia for more than twelve years. In addition, Croatia is the first country to have … Read the full press release →

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

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EC to investigate some of the world’s largest investment banks over anti-competitive agreements in the credit derivatives business

Posted on 1, July 2013 by

1-7-2013 — /europawire.eu/ — The European Commission has informed some of the world’s largest investment banks of its preliminary conclusion that they infringed EU antitrust rules that prohibit anti-competitive agreements by colluding to prevent exchanges from entering the credit derivatives business … Read the full press release →

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

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Alpha Bank Greece held its Ordinary General Meeting of the Shareholders on June 29, 2013

Posted on 1, July 2013 by

Athens,  1-7-2013 — /europawire.eu/ — At the Ordinary General Meeting of the Shareholders of Alpha Bank, which took place on Saturday, June 29, 2013, spoke the Chairman of the Board of Directors Yannis S. Costopoulos and the Managing Director – CEO … Read the full press release →

Posted in Banks, Business, Financial, Greece, Investment

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German financial newspaper Börsen-Zeitung honored SAP AG with Corporate Finance Consistency Award

Posted on 28, June 2013 by

28-6-2013 — /europawire.eu/ — Werner Brandt, chief financial officer of SAP AG (NYSE: SAP), and Matthias Heiden, head of Treasury for SAP AG, yesterday received the Corporate Finance Consistency Award of German financial newspaper Börsen-Zeitung. With this award, the publication’s jury honored the … Read the full press release →

Posted in Awards, Financial, Germany, Investment, Management, Media, Technology

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EIB lends EUR 101M in support of East African businesses

Posted on 28, June 2013 by

28-6-2013 — /europawire.eu/ — Investment by companies across East Africa will benefit from three new lending programmes totaling EUR 101.5 million backed by the European Investment Bank formally agreed today. Three local banks Chase Bank, the East African Development Bank and … Read the full press release →

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

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Abengoa signs €17.25M contract to maintain two transmission lines for Brazil’s National Electricity Agency

Posted on 28, June 2013 by

The lines form part of the Madeira system, which with nearly 5,000 km (2,345 km each line) will be the largest continuous current energy transmission system in the world. The contract will last for five years and will generate revenues … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Infrastructure & Utilities, Spain

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