Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Romande Energie Holding SA and Holdigaz SA announced cross-shareholding deal

Posted on 24, July 2013 by

Romande Energie Holding SA (REH) has ceded treasury shares equivalent to 2.5% of share capital to Holdigaz SA and, at the same time, acquired a 2.5% interest in Holdigaz SA, equally through shares held in treasury. This cross-shareholding is indicative … Read the full press release →

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

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Alpiq announced it divested its shareholding in Romande Energie Holding SA

Posted on 23, July 2013 by

23-7-2013 — /EuropaWire/ — Following a cross-shareholding agreement between Romande Energie Holding SA (hereinafter referred to as REH, securities number: HREN, ISIN: CH0025607331) and Holdigaz SA, REH yesterday exercised the remaining call option to repurchase its own shares. Alpiq will thus … Read the full press release →

Posted in Business, Environment, Financial, Investment, Switzerland

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The Basel Committee on Banking Supervision issued consultative document on the Liquidity coverage ratio disclosure standards

Posted on 23, July 2013 by

23-7-2013 — /EuropaWire/ — The Basel Committee on Banking Supervision has today issued for consultation Liquidity coverage ratio disclosure standards. Following the publication of the LCR standard in January 2013, the Basel Committee indicated its intention to develop associated disclosure standards. Public disclosure improves … Read the full press release →

Posted in Banks, Business, Financial, Investment, Switzerland

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Nordea Q2 2013 Results: strengthened customer relations, flat costs and higher capital

Posted on 23, July 2013 by

23-7-2013 — /EuropaWire/ — CEO Christian Clausen’s comments on the results: “In the uncertain macroeconomic environment, we continue to deliver on our plan on income initiatives, cost efficiency and improved capital position. In the second quarter, 23,000 new relationship customers were … Read the full press release →

Posted in Banks, Business, Financial, Investment, Management, Sweden

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TeliaSonera AB released its Interim Report for January-June 2013

Posted on 23, July 2013 by

23-7-2013 — /EuropaWire/ — Positive organic sales growth and higher margin Second quarter summary Net sales in local currencies, excluding acquisitions and disposals, increased 0.4 percent. In reported currency, net sales decreased 3.9 percent to SEK 25,274 million (26,294). The addressable … Read the full press release →

Posted in Business, Financial, Investment, Sweden, Technology, Telecom

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Netherlands largest insurance company Achmea and National Federation of Christian Trade Unions to cooperate on personal legal assistance services and non-life insurance

Posted on 23, July 2013 by

Zeist, 23-7-2013 — /EuropaWire/ — The CNV (National Federation of Christian Trade Unions in the Netherlands) and Achmea, the largest insurance company of the Netherlands, recently signed a declaration of intent to cooperate on providing personal legal assistance services and … Read the full press release →

Posted in Business, Financial, Insurance, Law, Netherlands

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TÜV Rheinland AG subsidiary in Hungary TÜV Rheinland Intercert Kft. acquired 100% of Minell Quality Control and Services Ltd

Posted on 23, July 2013 by

23-7-2013 — /EuropaWire/ — TÜV Rheinland Intercert Kft., a subsidiary of TÜV Rheinland AG in Hungary, has acquired 100 percent of Minell Quality Control and Services Ltd. The company provides services in the area of non-destructive testing for industrial clients particularly … Read the full press release →

Posted in Business, Financial, Germany, Hungary, Industrial, Investment

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HDI Versicherung AG: Internationale Anerkennung für HDI Geschäftsbericht

Posted on 23, July 2013 by

23-7-2013 — /EuropaWire/ — Dass HDI nicht nur bei Versicherungsangeboten für ausgezeichnete Leistung steht, zeigt die Verleihung der internationalen LACP Vision Awards. Bereits zum vierten Mal wurde der HDI Geschäftsbericht bei dieser renommierten Veranstaltung ausgezeichnet. Über 6.000 Einreichungen aus mehr als … Read the full press release →

Posted in Austria, Awards, Business, Financial, Insurance, Investment

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Telenor Group reported NOK 25.7 billion of revenues in Q2 2013, growth of 2%

Posted on 23, July 2013 by

23-7-2013 — /EuropaWire/ — In the second quarter of 2013, Telenor Group reported revenues of NOK 25.7 billion, representing an organic revenue growth of 2%. EBITDA before other items was NOK 8.86 billion, EBITDA margin was 34%, and operating cash flow … Read the full press release →

Posted in Business, Financial, Investment, Norway, Telecom

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Vivendi, Etisalat into exclusive negotiations for the sale of Vivendi ‘s 53% shareholding in Maroc Telecom

Posted on 23, July 2013 by

23-7-2013 — /EuropaWire/ — Vivendi has entered into exclusive negotiations with Etisalat to finalize an agreement for the sale of its 53% shareholding in Maroc Telecom. Etisalat’s offer values the controlling stake at 92.6 Moroccan dirhams per share. The sale proceeds … Read the full press release →

Posted in Business, Financial, France, Telecom

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Global telecom operator VimpelCom Ltd announced it plans to publish its operating and financial results for the Q2 of 2013 on August 7, 2013

Posted on 22, July 2013 by

Amsterdam, 22-7-2013 — /EuropaWire/ — “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NYSE:VIP), a leading global provider of telecommunications services, today announces that it plans to publish its operating and financial results for the second quarter of 2013 on August 7, 2013, … Read the full press release →

Posted in Business, Financial, Investment, Russia, Technology, Telecom

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Disclosure: Shareholding of Harris Associates L.P. in Holcim Ltd exceeds the Swiss Stock Exchange Act threshold of 3 percent

Posted on 22, July 2013 by

22-7-2013 — /EuropaWire/ — In accordance with Article 20 of the Federal Act on Stock Exchanges and Securities Trading (Stock Exchange Act), Holcim Ltd was informed on July 19, 2013, by Harris Associates L.P. that it holds, through acquisition of shares, … Read the full press release →

Posted in Business, Financial, Government, Industrial, Investment, Switzerland

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Savills-advised Commerz Real AG confirmed the sale of The Lloyds Building to Chinese insurance company

Posted on 22, July 2013 by

22-7-2013 — /EuropaWire/ — A German Closed End Fund managed by Commerz Real, advised by Savills and CBRE, has confirmed the sale of The Lloyds Building at One Lime Street, London EC3 to China’s leading insurance company, for £260 million reflecting … Read the full press release →

Posted in Business, Financial, Insurance, Investment, Real Estate, United Kingdom

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Trade credit insurance provider Euler Hermes added Excess of Loss (XoL) underwriting New York team to its U.S. insurance services

Posted on 22, July 2013 by

22-7-2013 — /EuropaWire/ — Euler Hermes, the world’s leading provider of trade credit insurance, will expand its U.S. services with the addition of a specialist Excess of Loss (XoL) underwriting team based in New York. Euler Hermes’ XoL solution provides large … Read the full press release →

Posted in Business, Financial, Insurance, Switzerland

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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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