Category Archives: Management

Management Press Releases & News distributed via EuropaWire

Ageas to establish a joint venture in Vietnam branded MB Ageas Life

Ageas and Muang Thai Life Assurance have signed an agreement with Military Commercial Joint Stock Bank (“Military Bank”) to establish a joint venture in Vietnam, which will be branded MB Ageas Life. BRUSSELS, 10-8-2015 — /EuropaWire/ — Under the agreement, … Read the full press release

400 apprentices join RBS; to receive a job at the end of their apprenticeship

EDINBURGH, 10-8-2015 — /EuropaWire/ — A couple of weeks ago we marked the launch of our apprenticeship scheme and I’m delighted we’ve committed to recruiting 400 apprentices over our next intake. They’ll be working alongside all of us at the bank … Read the full press release

Bosch opens new Mobility Solutions development center in Budapest; boasts nearly 1,300 engineers

New Mobility Solutions development center Total of 1,300 engineers at the Budapest site Hungary is Bosch’s second-largest development site for the Mobility Solutions business sector in Europe Long-term importance of Hungary as a production and development site Stuttgart, Budapest,  10-8-2015 … Read the full press release

Rolls-Royce and Hispano-Suiza (Safran) announce plans to construct a new production plant in Poland

DERBY, 10-8-2015 — /EuropaWire/ — Rolls-Royce and Hispano-Suiza (Safran) have named their joint venture Aero Gearbox International and announced plans to construct a new production plant in Poland. The news follows the signing of a final agreement, on 24 October … Read the full press release

Aegon: AEGON Religare Life Insurance launched three next generation protection plans in India

INDIA, 10-8-2015 — /EuropaWire/ — AEGON Religare Life Insurance, the pioneers in online insurance in India, have launched three next generation protection plans- iIncome, iSpouse and iCancer. These plans can be bought exclusively online in around 10 minutes iIncome is a non-linked, … Read the full press release

BMW AG: The head of the Quandt family Johanna Quandt died at the age of 89

The head of the Quandt family died on 3 August at the age of 89. Johanna Quandt was a member of the BMW AG Supervisory Board until 1997. MUNICH, 10-8-2015 — /EuropaWire/ — Johanna Quandt was a person of outstanding … Read the full press release

Lloyds Bank research: UK household savings grown more than sixfold (452%) over the past 40 years

Average savings per household has increased four-fold from £36,989 in 1975 to £145,566 Over a third of savings held in deposits, but proportion held in shares continues to fall Sixteen fold increase in value of pensions drives growth in household … Read the full press release

London Stock Exchange Group: Massimo Tononi standing down as a Non-Executive Director of LSEG and Chairman of Borsa Italiana

LONDON, 10-8-2015 — /EuropaWire/ — London Stock Exchange Group plc (LSEG) today announces that Massimo Tononi is standing down as a Non-Executive Director of LSEG and Chairman of Borsa Italiana. Donald Brydon, Chairman of London Stock Exchange Group plc, commented: … Read the full press release

Sechs führende Lebensmittelhändler vereinen Stärke und Expertise im internationalen Bündnis ALIDIS

HAMBURG, 7-8-2015 — /EuropaWire/ — Die Mitglieder der CORE Allianz Colruyt (Belgien), Conad (Italien) und Coop Schweiz sind ALIDIS, der internationalen Einkaufskooperation von EDEKA (Deutschland), Groupement des Mousquetaires/Intermarché (Frankreich) und Eroski (Spanien), beigetreten. ALIDIS schafft eine breite Marktpräsenz und wird … Read the full press release

Aviva signed an exclusive seven-year distribution agreement with TSB to underwrite general insurance products under the TSB brand through 600 branches and digital platforms

Seven-year exclusive distribution agreement to underwrite general insurance products under the TSB brand through 600 branches and digital platforms 4.7 million TSB customers to benefit from modular home insurance that allows them to design their own insurance package Consolidates Aviva’s … Read the full press release

The Basel Institute on Governance, UN Global Compact, OECD awarded 3-year funding of US$4 million under the 2nd funding round of the Siemens Integrity Initiative to scale up anti-corruption Collective Action

Joint press release by Siemens, Basel Institute on Governance, United Nations Global Compact and the Organization for Economic Cooperation and Development Three year funding of nearly US$4 million under the Siemens Integrity Initiative, supporting organizations and projects that are fighting … Read the full press release

Mercedes-Benz sets new sales record both in July and in the first seven months of the year: 1,048,178 units, +14.7%

Mercedes-Benz hands over 149,753 vehicles to customers in July (+15.2%). Ola Källenius, Member of the Board of Management of Daimler AG, responsible for Mercedes-Benz Cars Marketing & Sales: “We passed the one-million mark already in July. Never before have we … Read the full press release

Ageas confirms exclusive negotiations to acquire AXA’s share in its Portuguese insurance operations for EUR 190.8 million

BRUSSELS, 7-8-2015 — /EuropaWire/ — Ageas today confirms exclusive negotiations and intention to acquire AXA’s share in its Portuguese insurance operations for a total consideration of EUR 190.8 million¹ AXA’s Portuguese operations comprise a Non-Life business (99.7% stake), a Direct/internet … Read the full press release

AXA received an irrevocable offer from Ageas for the potential sale of its Portuguese operations that would value 100% of AXA’s Portuguese operations at EUR 197.5 million

PARIS, 7-8-2015 — /EuropaWire/ — AXA announced today that it has received an irrevocable offer from Ageas for the potential sale of its Portuguese operations, including in particular its entire stake in AXA Portugal Companhia de Seguros SA (“P&C Business”), … Read the full press release

Shell to sell its 75% stake in Tongyi Lubricants in China to Huo’s Group and The Carlyle Group

Shell has signed an agreement to sell its 75% stake in Tongyi Lubricants in China to Huo’s Group and The Carlyle Group. The transaction is expected to complete by late 2015 or early 2016, subject to regulatory approvals. THE HAGUE, … Read the full press release

SABMiller names Johann Nel as Group Human Resources Director with effect from 14 September 2015

LONDON, 7-8-2015 — /EuropaWire/ — SABMiller has appointed Johann Nel as Group Human Resources Director with effect from 14 September 2015, in succession to Tony van Kralingen, whose intended retirement was announced in April 2015. Johann is currently running his … Read the full press release

SOLUNION: Las insolvencias disminuirán en España un 18% en 2015

El informe analizado por SOLUNION, que monitoriza 72 países, destaca los sectores Farmacéutico y Agroalimentación como los de mejor perfil de riesgo. Metal y Construcción son los sectores que mayores retos enfrentan, con una calificación global Sensible. MADRID, 6-8-2015 — /EuropaWire/ … Read the full press release

Mediobanca to acquire a majority interest in the London-based, credit asset management and advisory firm Cairn Capital Group Ltd

Milan and London, 6-8-2015 — /EuropaWire/ — Mediobanca SpA (“Mediobanca”) and Cairn Capital Group Ltd (“Cairn Capital”) have agreed terms for a strategic partnership in which Mediobanca will acquire a majority interest in the London-based, credit asset management and advisory … Read the full press release

Klöckner & Co SE reports for increased sales due to exchange rate changes by 4.3% to €3.4 billion in first half of 2015

Sales currency related up by 4.3% to €3.4 billion, despite market driven lower prices and volumes Gross profit margin down from 19.3% to 18.6% due deteriorating steel prices in the US and Switzerland; EBITDA before restructuring expenses accordingly down from … Read the full press release

airberlin increased its load factor in July

BERLIN, 6-8-2015 — /EuropaWire/ — In July, airberlin increased its load factor, which can be attributed to a consistent capacity consolidation. In this popular holiday month, a total of 3,247,357 passengers traveled with airberlin. The decrease in the number of … Read the full press release