Category Archives: Investment

Investment Press Releases & News distributed via EuropaWire

ING Repurchases Nearly 23 Million Shares in Share Buyback Program Update

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has provided an update on its share buyback program, stating that it repurchased 22,777,914 shares during the week of November 27, 2023, up to December 1, 2023. The average price per share was €12.78, totaling €291,049,616.02. This … Read the full press release

Symbio Inaugurates Europe’s Largest Hydrogen Fuel Cell Gigafactory to Accelerate Hydrogen Mobility

(IN BRIEF) Symbio, a joint venture between Forvia, Michelin, and Stellantis, has inaugurated its first gigafactory called SymphonHy in Saint-Fons, France. This gigafactory is Europe’s largest integrated site producing hydrogen fuel cells and is part of the HyMotive project, a … Read the full press release

Bosch Unveils Central Vehicle Computer for Integrated Infotainment and Driver Assistance Functions at CES 2024

(IN BRIEF) Bosch, a leading automotive supplier, is set to demonstrate the integration of infotainment and driver assistance functions in a software-intensive central computer on a single System on Chip (SoC) at CES 2024. This central vehicle computer, known as … Read the full press release

Barclays report: UK Consumer Spending Rebounds in November on Early Christmas Shopping and Black Friday Sales

(IN BRIEF) Consumer spending in the UK saw a rebound in November, driven by early Christmas shopping and extended Black Friday sales, according to a Barclays report. Consumer card spending grew 2.9% year-on-year, although it was still lower than the … Read the full press release

Groupe BPCE Exceeds Prudential Capital Requirements Set by ECB for 2024

(IN BRIEF) Groupe BPCE has received notification from the European Central Bank (ECB) regarding its 2024 prudential capital requirements following the Supervisory Review and Evaluation Process (SREP) conducted in 2023. The Common Equity Tier 1 (CET1) requirement for Groupe BPCE … Read the full press release

Vattenfall and BASF Forge Green Partnership for German Offshore Wind Farms

(IN BRIEF) Vattenfall and BASF have signed a Memorandum of Understanding to collaborate on the Nordlicht 1 and 2 offshore wind farm projects in the German North Sea. BASF is set to acquire a 49% stake in these projects, which … Read the full press release

UK’s Financial Conduct Authority (FCA) Proposes Reforms to Enhance Credit Information Quality and Competition

(IN BRIEF) The Financial Conduct Authority (FCA) in the UK has proposed measures to improve the quality of credit information provided by credit reference agencies (CRAs) and enhance competition in the market. The proposals include requiring FCA-regulated data contributors to … Read the full press release

EIB Global Pioneers Just Resilience Approach for a Climate-Resilient and Equitable Future at COP28

(IN BRIEF) At the COP28 climate change conference, EIB Global, the development arm of the European Investment Bank (EIB), introduced its new approach to increase financing and advisory services in support of a just transition and just resilience worldwide. EIB … Read the full press release

Ministry of Defence and Eni Forge Stronger Alliance to Safeguard Italy’s Security and Foster Innovation

(IN BRIEF) The Ministry of Defence and Eni, an Italian energy company, have signed a Memorandum of Understanding (MoU) in Rome to enhance their strategic collaboration on security and risk assessment. The agreement involves sharing expertise and information to bolster … Read the full press release

Societe Generale Issues Landmark Digital Green Bond on Ethereum Blockchain, Pioneering Enhanced Transparency and ESG Traceability

(IN BRIEF) Societe Generale made a groundbreaking move by issuing its first digital green bond on the Ethereum blockchain, with AXA Investment Managers and Generali Investments as key investors. Valued at EUR 10 million with a 3-year maturity, this bond … Read the full press release

ING Group’s Prudential Capital Requirements Reduced for 2024

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING Group has received notification from the European Central Bank regarding the 2023 Supervisory Review and Evaluation Process (SREP), which has resulted in a decision on ING’s prudential requirements, including capital requirements for the year 2024. As a … Read the full press release

TotalEnergies Signs Investment Agreement for Largest Wind Energy Project in Kazakhstan

(IN BRIEF) TotalEnergies has signed an Agreement on Investment (AoI) for its Mirny project during COP28 in Dubai. This project, the largest wind energy initiative ever undertaken in Kazakhstan, will provide low-carbon electricity to over 1 million people and reduce … Read the full press release

Siemens and Intel Collaborate to Advance Sustainability in Microelectronics Manufacturing

(IN BRIEF) Siemens AG and Intel Corporation have signed a Memorandum of Understanding (MoU) to work together in enhancing digitalization and sustainability in the field of microelectronics manufacturing. The collaboration aims to advance manufacturing processes, improve factory operations, enhance cybersecurity, … Read the full press release

Eni Secures €3 Billion Sustainability-Linked Revolving Credit Line

(IN BRIEF) Eni, the energy company, has signed a Sustainability-Linked revolving credit line for a duration of five years, amounting to €3 billion. This credit facility is tied to two sustainability targets outlined in Eni’s Sustainability-Linked Financing Framework, which was … Read the full press release

EIB Group Partners with Mission Innovation to Advance Clean Energy Innovation Globally

(IN BRIEF) The European Investment Bank (EIB) Group, comprising the European Investment Bank and the European Investment Fund, has announced a partnership with Mission Innovation to promote clean energy innovation on a global scale. The collaboration aims to facilitate access … Read the full press release

EBRD to Include Climate Resilient Debt Clauses in Loan Agreements for Vulnerable Countries

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the inclusion of climate resilient debt clauses (CRDC) in new loan agreements with sovereign, sovereign-guaranteed, and municipal clients from lower-middle-income countries where it operates. These CRDCs will allow … Read the full press release

UK Becomes Associated Country to Horizon Europe, Gains Access to Research and Innovation Funding

(IN BRIEF) Starting from January 1, 2024, the United Kingdom will officially become an associated country to Horizon Europe, the European Union’s research and innovation program. This milestone was achieved as the EU-UK Specialized Committee on Participation in Union Programs … Read the full press release

EIB and Development Bank of Rwanda Collaborate to Boost Sustainable Development with €20 Million Credit Line

(IN BRIEF) During the COP 28 summit in Dubai, the European Investment Bank (EIB) and the Development Bank of Rwanda (BRD) have formalized an agreement designed to promote sustainable development in Rwanda. The €20 million line of credit, accompanied by … Read the full press release

European Investment Bank Commits EUR 100 Million to Aqaba Amman Desalination and Water Conveyance Project in Jordan

(IN BRIEF) The European Investment Bank (EIB) has announced an additional EUR 100 million investment for the Aqaba Amman Desalination and Water Conveyance project in Jordan. This project aims to desalinate water from the Red Sea and transport it to … Read the full press release

EIB and Ørsted Sign €400 Million Agreement to Boost Renewable Energy in Europe

(IN BRIEF) The European Investment Bank (EIB) and Ørsted have inked a €400 million framework loan agreement to support the expansion of wind energy production, in alignment with the RePowerEU initiative’s objectives. This marks their fifteenth joint project, reflecting Ørsted’s … Read the full press release