Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

ASTALDI: MAJOR SUCCESS ACHIEVED ON THE CHILEAN MARKET WITH THE REFINANCING OF THE CHACAYES HYDROELECTRIC PROJECT

Posted on 9, January 2013 by

Chacayes winner of the Best Hydro Project of the Year 2012 Rome, 9-1-2013 — /europawire.eu/ — The Astaldi Group announces it has successfully closed the refinancing of the concession project for the Chacayes hydroelectric power plant (111MW) in Chile. The project … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Financial, Infrastructure & Utilities, Italy

IMPREGILO CLOSES SALE OF 19% OF ECORODOVIAS TO THE ALMEIDA GROUP

Posted on 8, January 2013 by

Milan, 8-1-2013 — /europawire.eu/ — The closing of the sale by Impregilo International Infrastructures N.V. to Primav of 19% of the share capital of EcoRodovias (corresponding to 106,152,825 shares) was completed today, for an amount of 619,851,063.13 euro, net of tax … Read the full press release →

Posted in Banks, Business, Construction, Financial, Infrastructure & Utilities, Investment, Italy

EIB capital increase approved by all 27 EU member states

Posted on 8, January 2013 by

8-1-2013 — /europawire.eu/ — The European Investment Bank confirms that its shareholders, the 27 EU Member States, have unanimously approved a EUR 10 billion capital increase, which will be fully paid in. The capital increase will allow Europe’s long-term lending institution … Read the full press release →

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

Basel Committee releases revised version of Basel III’s Liquidity Coverage Ratio

Posted on 7, January 2013 by

7-1-2013 — /europawire.eu/ — The Basel Committee has issued the full text of the revised Liquidity Coverage Ratio (LCR) following endorsement on 6 January 2013 by its governing body – the Group of Central Bank Governors and Heads of Supervision (GHOS). The LCR is an essential … Read the full press release →

Posted in Banks, Business, Financial, Investment, Switzerland

Statement by Commissioner Michel Barnier on the impact of the latest Basel Committee liquidity developments for Capital Requirements (CRD 4) in the EU

Posted on 7, January 2013 by

(in the light of the Group of Governors and Heads of Supervision (GHOS) meeting and the Basel Committee on Banking Supervision press release dated 6 January 2013) Brussels, 7-1-2013 — /europawire.eu/ — “I welcome the unanimous agreement reached by the Basel Committee … Read the full press release →

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

Aeroflot and the Federal Tax Service of Russia Signed a Pricing Agreement

Posted on 4, January 2013 by

4-1-2013 — /europawire.eu/ — On December 27, 2012 Aeroflot and the Federal Tax Service of Russia entered into a pricing agreement in accordance with the recently introduced financial rules. From now on, Aeroflot Group companies will send all the necessary information and documentation to the Federal Tax Service … Read the full press release →

Posted in Aviation & Aerospace, Business, Financial, Government, Law, Russia

UBISOFT CARRIES OUT A €20 MILLION BOND PLACEMENT

Posted on 4, January 2013 by

Paris, France, 4-1-2013 — /europawire.eu/ — Today (18 Dec 2012), Ubisoft placed €20 million worth of bonds with a six-year term and a 3.99% coupon. Commenting on the transaction, Alain Martinez, Ubisoft’s Chief Financial Officer stated: “This bond placement – which is the … Read the full press release →

Posted in Business, Entertainment, Financial, France, Technology

Strong Demand for EIB’s First Benchmark Transaction of 2013

Posted on 4, January 2013 by

–       First GBP transaction of 2013 from any issuer sector –       Well diversified orderbook of GBP 2 billon from over 50 investors 4-1-2013 — /europawire.eu/ — On Thursday 3rd January 2013, the European Investment Bank launched its first benchmark transaction of 2013 with a … Read the full press release →

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

Flash estimate – December 2012 Euro area inflation estimated at 2.2%

Posted on 4, January 2013 by

4-1-2013 — /europawire.eu/ — Euro area1 annual inflation2 is expected to be 2.2% in December 2012, the same as in November3, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy (5.2% compared with 5.7% in November) is expected to have the … Read the full press release →

Posted in Business, Economy, European Union, Financial, Government

LEMMINKÄINEN CORPORATION – Lemminkäinen sells two residential housing corporations to ICECAPITAL

Posted on 3, January 2013 by

3-1-2013 — /europawire.eu/ — Lemminkäinen has signed contracts of sale for two residential housing corporations with ICECAPITAL Housing Fund III Ky. Asunto Oy Järvenpään Vilja will have a total of 56 apartments in two buildings. Construction is underway and scheduled for completion in … Read the full press release →

Posted in Business, Construction, Financial, Finland, Investment, Real Estate

STRABAG SE strengthens its financial position with EUR 400 million syndicated cash credit line

Posted on 3, January 2013 by

Term of five years Vienna, 3-1-2013 — /europawire.eu/ — The publicly listed European construction company STRABAG SE has arranged a revolving syndicated cash credit line in the amount of € 400 million with a consortium of banks. With a term of … Read the full press release →

Posted in Austria, Banks, Business, Construction, Financial

Attica Bank: H1 2012 and Q3 2012 Financial Results

Posted on 2, January 2013 by

Provisions for credit risk increased significantly and NPL coverage ratios remain high 2-1-2013 — /europawire.eu/ — Statement by the Chairman of the BoD and Executive Director of Attica Bank, Mr. Ioannis Gamvrilis: «In this critical period for Greece and the Greek … Read the full press release →

Posted in Banks, Business, Financial, Greece

Klöckner & Co sells Eastern European operations as part of its restructuring program

Posted on 2, January 2013 by

Duisburg, 2-1-2013 — /europawire.eu/ — As announced, Klöckner & Co is selling its entire Eastern European operations as part of its restructuring program. In the first phase of the transaction, activities in the Czech Republic, Bulgaria and Romania, which make up … Read the full press release →

Posted in Bulgaria, Business, Czech Republic, Financial, Germany, Metals and Minerals, Romania, Technology

KPN sells KPN Spain to Orange Spain

Posted on 2, January 2013 by

Den Haag, 2-1-2013 — /europawire.eu/ — KPN has reached agreement to sell its Spanish mobile unit, KPN Spain, to Orange Spain for an undisclosed consideration. KPN Spain provides mobile services as a so-called virtual network operator to some 380,000 Spanish customers under … Read the full press release →

Posted in Business, Financial, Netherlands, Spain, Technology, Telecom

Alpiq successfully concludes purchase contract with IWB in respect of a 15 per cent participation in the Nant de Drance pumped storage power station

Posted on 28, December 2012 by

The transfer of 15 percent of the share capital in the Nant de Drance SA project company from Alpiq to IWB has been successfully finalised between the partners. 28-12-2012 — /europawire.eu/ — On 18 September 2012 Alpiq AG (Alpiq) and IWB … Read the full press release →

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

€270m committed to support employment, SMEs and infrastructure in the poorest districts

Posted on 28, December 2012 by

28-12-2012 — /europawire.eu/ — Aware of the social and democratic ramifications of Tunisia’s development priorities, the Board of Directors of the European Investment Bank (EIB) has decided to commit €270m in favour of employment, particularly of young people, small and medium-sized … Read the full press release →

Posted in Banks, Business, European Union, Financial, Investment, Small Business, Society

BENETTON GROUP S.p.A. 2012 Calendar of Company events

Posted on 28, December 2012 by

Ponzano, 28-12-2012 — /europawire.eu/ — The Company announces the annual calendar of events relating to the approval of the financial results by the Board of Directors and the Annual General Meeting in 2012 financial year. Board of Directors’ meetings January Tuesday 31 … Read the full press release →

Posted in Apparel, Fashion & Beauty, Business, Financial, Italy, Management

State aid: crisis-related aid aside, Scoreboard shows continued trend towards less and better targeted aid

Posted on 28, December 2012 by

Brussels, 28-12-2012 — /europawire.eu/ — The European Commission’s 2012 State Aid Scoreboard revealed that the volume of national support to the financial sector actually taken by banks between October 2008 and 31 December 2011 amounted to around €1.6 trillion (13 % of EU GDP). … Read the full press release →

Posted in Banks, Belgium, European Union, Financial, Government, Politics, Society

Alpiq sells its Romande Energie shares

Posted on 28, December 2012 by

28-12-2012 — /europawire.eu/ — As part of the current restructuring programme, Alpiq has decided to sell its shares in Romande Energie Holding SA (referred to below as REH; stock symbol HREN; ISIN CH0025607331). Today, Alpiq and REH signed an agreement under … Read the full press release →

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

COMPLETION OF EUROBANK TEKFEN SALE

Posted on 28, December 2012 by

Athens, 28-12-2012 — /europawire.eu/ — Eurobank Ergasias SA (“Eurobank”) today announces the completion of the sale of its Turkish operations (“the Transaction”) to Burgan Bank (“Burgan”), following approvals from all competent authorities. Under the terms of the Transaction, which was announced on … Read the full press release →

Posted in Banks, Business, Financial, Greece, Investment