Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

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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UniCredit announced it has won five prestigious awards attributed by Euromoney at official ceremony in London

Posted on 17, July 2013 by

Milan, 17-7-2013 — /europawire.eu/ — UniCredit has won five prestigious awards attributed by Euromoney, one of the leading international business magazine worldwide. The 2013 Euromoney’s Awards for Excellence were announced last night during an official ceremony in London. UniCredit was named: -Best Bank in … Read the full press release →

Posted in Awards, Banks, Business, Financial, Investment, Italy, Marketing, Media, United Kingdom

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UniCredit announced Standard & Poor’s has aligned UniCredit SpA’s ratings with that of the sovereign Italy

Posted on 17, July 2013 by

Milan, 17-7-2013 — /europawire.eu/ — The Rating Agency Standard & Poor’s has today aligned UniCredit SpA’s ratings with that of the recently downgraded sovereign Italy (‘BBB’ long- and ‘A2’ short-term Issuer Default Rating). It is capped at the sovereign level due to … Read the full press release →

Posted in Banks, Business, Financial, Investment, Italy

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UniCredit SpA announced Moody’s affirmed its debt and deposit ratings

Posted on 17, July 2013 by

Milan,  17-7-2013 — /europawire.eu/ — The rating agency Moody’s affirmed UniCredit SpA’s Baa2 long-term debt and deposit ratings and its Prime-2 short term ratings. At the same time, Moody’s lowered the “baseline credit assessment” to baa3 from baa2, which resulted in a … Read the full press release →

Posted in Banks, Business, Financial, Investment, Italy

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Pirelli to hold Board of Directors meeting over H1-2013 results on August 5th, 2013

Posted on 17, July 2013 by

2013-2017 INDUSTRIAL PLAN TO BE PRESENTED ON 6 NOVEMBER IN LONDON 17-7-2013 — /europawire.eu/ — Pirelli’s Board of Directors will meet to review results for the six months ended June 30th, 2013, on August 5th, 2013, and no longer on July … Read the full press release →

Posted in Automotive, Financial, Investment, Italy, Management, Sports

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AXA Real Estate Investment Managers appointed to manage new €350M pan- European investment mandate by the Établissement Retraite Additionnelle de la Fonction Publique (ERAFP)

Posted on 17, July 2013 by

17-7-2013 — /europawire.eu/ — AXA Real Estate Investment Managers (“AXA Real Estate”), the leading real estate portfolio and asset manager in Europe, with over €45 billion¹ of assets under management as of March 2013, today announces that it has been appointed to manage … Read the full press release →

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

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Orkla ASA to report Q2-2013 results on Thursday, 18 July 2013

Posted on 17, July 2013 by

17-7-2013 — /europawire.eu/ — Orkla will report second quarter 2013 results on Thursday, 18 July 2013 at 7.00 a.m. CET. The quarterly report and the presentation material will be available at this time at  www.orkla.com. A presentation of the quarter results will … Read the full press release →

Posted in Business, Financial, Industrial, Investment, Management, Norway

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