(IN BRIEF) The Hungarian government and Rheinmetall have signed a €288 million contract to jointly develop the Panther KF51 next-generation main battle tank, taking it to production maturity. The project involves the creation of a demonstrator vehicle and its qualification … Read the full press release
(IN BRIEF) Skanska, as part of the Skanska Costain STRABAG joint venture, has been granted an additional GBP 71 million (approximately SEK 940 million) under their existing contract with HS2 Ltd for phase one of the high-speed railway project in … Read the full press release
(IN BRIEF) Outokumpu has successfully completed its share repurchase program, acquiring a total of 157,620 treasury shares across multiple trading venues at an average price of EUR 4.46 per share. The program, announced on November 29, 2023, allowed for the … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged acquisition, Financial, investment, Outokumpu, share repurchase program, treasury shares
(IN BRIEF) Outokumpu’s Board of Directors has approved the initiation of the company’s share-based programs, the Performance Share Plan (PSP) and Restricted Share Pool (RSP), for the period spanning from 2024 to 2026. These programs will commence at the beginning … Read the full press release
Posted in Business, Environment, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, Outokumpu, performance, sustainability
(IN BRIEF) Vattenfall, the European energy company, has named Alexander van Ofwegen as its new Senior Vice President and Head of Business Areas Customers & Solutions and Heat. In his new role, which begins on January 1, 2024, Van Ofwegen … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, Sweden
Tagged Alexander van Ofwegen, Anna Borg, appointment, leadership, Martijn Hagens, Senior Vice President, Vattenfall
(IN BRIEF) Nicola Beer has been appointed as the first female Vice-President on the European Investment Bank’s (EIB) Management Committee, representing Germany. With a background in law and politics, Beer brings extensive experience from her roles as a member of … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News
Tagged appointment, EIB, First Female German Vice-President, Germany, ledership, management committee, Nicola Beer, partnership, Werner Hoyer
(IN BRIEF) Sunlight, a prominent battery manufacturer and member of the Olympia Group, has secured a €25 million loan from the European Investment Bank (EIB) to bolster its lithium battery production capacity at its cutting-edge facility in Xanthi, Greece. With … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Greece, Kyriacos Kakouris, Lampros Bisalas, Lithium Battery Production, Olympia Group, partnership, sunlight, sustainability
(IN BRIEF) The European Investment Bank’s (EIB) specialized development finance arm, EIB Global, has entered into a €41.2 million loan agreement with the government of Moldova for the revitalization of the country’s railway infrastructure. Complementing this funding is a €12 … Read the full press release
Posted in Banks, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Moldova, News, Transportation & Logistics
Tagged EIB, EIB Global, Jānis Mažeiks, MOLDOVA, partnership, Petru Rotaru, rail infrastructure, Rehabilitate, sustainability, Teresa Czerwinska
(IN BRIEF) The European Investment Bank (EIB) has outlined its financial plans for 2024, aiming to issue approximately €60 billion in bonds for the year. This issuance target was approved by the EIB Board of Directors in their December meeting, … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, News
Tagged EIB, Financial, investment
(IN BRIEF) The European Investment Bank (EIB) applauds the European Council’s decision to initiate EU accession negotiations with Ukraine and Moldova, while also granting candidate country status to Georgia. EIB President Werner Hoyer emphasizes the positive impact of enlargement on … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, Moldova, News, Ukraine
Tagged EU, European Investment Bank, GEORGIA, MOLDOVA, partnership, sustainability, UKRAINE, Werner Hoyer
(IN BRIEF) Nordic Paper, a prominent specialty paper manufacturer based in Scandinavia, has enlisted AFRY as its engineering and project management collaborator for strategic investment initiatives at its Bäckhammar mill in Sweden. With an investment of approximately MSEK 850, Nordic … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged AFRY, investment, Lisa Vedin, Nordic Paper, partnership, Scandinavia, sustainability, Sweden
(IN BRIEF) Elkem, a global leader in advanced materials based on silicon, is embarking on a digitalization initiative at its Bremanger plant in Norway. The company aims to improve production quality, safety, and efficiency by centralizing control rooms and production … Read the full press release
(IN BRIEF) Lagardère Travel Retail is set to enhance the food and beverage offerings at Varna and Burgas international airports from 2025 as it takes on the management of the Foodservice Master Concession. This transformation will introduce new concepts from … Read the full press release
Posted in Aviation & Aerospace, Business, Economy, Financial, Food & Beverage, France, Industrial, Infrastructure & Utilities, Investment, Management, News, Retail, Travel
Tagged Burgas Airports, Food and Beverage, Fraport Twin Star Airport Management, Lagardère, Mladen Yordanov, partnership, retail, sustainability, travel, Varna Airports
(IN BRIEF) Infineon Technologies AG unveils the 4.5 kV XHP™ 3 IGBT modules, marking a significant shift in medium voltage drives (MVD) and transportation applications. These innovative modules are set to simplify design, reduce component count, and enhance efficiency for … Read the full press release
(IN BRIEF) Roche (SIX: RO, ROG; OTCQX: RHHBY) has once again secured its position as one of the leading sustainable companies in the Pharmaceuticals sector within the Dow Jones Sustainability Indices (DJSI). In the latest rankings, Roche secured the third … Read the full press release
(IN BRIEF) Saint-Gobain, a global leader in construction materials, has announced its intent to acquire a majority stake in IMPTEK Chova del Ecuador, a prominent player in the construction chemicals market in Ecuador known for its innovative waterproofing solutions. This … Read the full press release
(IN BRIEF) Heidelberg Materials has secured €191 million in funding from the EU Innovation Fund for its GeZero project, in partnership with the Geseke cement plant in Northern Germany. GeZero aims to establish a comprehensive Carbon Capture and Storage (CCS) … Read the full press release
(IN BRIEF) Iberdrola, a major energy company, has received recognition as the world’s leading private utility for investment in innovation and development, marking its second consecutive year of achievement in this regard. The European Commission’s report, ‘The 2023 Industrial R&D … Read the full press release
(IN BRIEF) The Nordic Investment Bank (NIB) and Ericsson, the Swedish telecommunications giant, have signed a seven-year loan agreement worth USD 106.86 million (EUR 100 million) to support Ericsson’s research and development (R&D) efforts in enhancing wireless technology. These investments, … Read the full press release
Posted in Banks, Financial, Industrial, Infrastructure & Utilities, Sweden, Technology, Telecom
Tagged André Küüsvek, Carl Mellander, Ericsson, NIB, wireless technology
(IN BRIEF) The Nordic Investment Bank (NIB) and Suur-Savon Sähkö Oy, a municipal energy utility, have signed a 10-year, EUR 45 million loan agreement for investment projects from 2023 to 2024. Suur-Savon Sähkö Oy’s initiatives focus on improving the region’s … Read the full press release
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