Category Archives: News

General News & Press Releases distributed via EuropaWire

CapMan’s Strategic Move: Completes Acquisition of Dasos Capital Oy Through Directed Share Issue

(IN BRIEF) CapMan has finalized its acquisition of Dasos Capital Oy, a sustainable timberland investment company, through a share exchange. The Board of Directors of CapMan has authorized a directed issue of new CapMan shares to fulfill the payment obligations … Read the full press release

LUKOIL Initiates Construction of Solar Power Plant in Kazakhstan, Aiming for Sustainable Energy Solutions

(IN BRIEF) In a significant step towards sustainability, LUKOIL lays a commemorative capsule to signify the beginning of construction for a solar power plant (SPP) in the Almaty region of Kazakhstan. The project, with a design capacity of 4.95 MW, … Read the full press release

Leoni Completes Relocation to ‘Factory of the Future,’ Hands Over Historic Site to City of Roth

(IN BRIEF) Leoni Kabel GmbH marks the end of an era as it completes the relocation of its cable manufacturing operations from its historic Stieberstrasse site to its state-of-the-art Factory of the Future in Roth. The ceremonial handover of the … Read the full press release

Infineon Teams Up with Qt Group to Revolutionize GUI Development for Microcontrollers

(IN BRIEF) In response to the growing demand for faster time-to-market and high-resolution graphical displays in the semiconductor market, Infineon Technologies AG has partnered with Qt Group to integrate Qt’s lightweight graphics framework into its TRAVEO™ T2G cluster microcontrollers. These … Read the full press release

BBVA Launches €781 Million Share Buyback Program as Part of Shareholders’ Distributions

(IN BRIEF) BBVA is set to commence a new share buyback program on Monday, March 4th, amounting to €781 million, following approval from the European Central Bank. This buyback, constituting part of the regular distributions for 2023, is a component … Read the full press release

Celebrating Women Entrepreneurs: Türkiye’s 17th Women Entrepreneur Awards

(IN BRIEF) Garanti BBVA, in collaboration with ‘The Ekonomist’ and the Women Entrepreneurs Association of Türkiye (KAGIDER), recently hosted Türkiye’s 17th Women Entrepreneur Awards on February 27, 2024. Nagihan Yılmaz was honored as the “Woman Entrepreneur of the Year” for … Read the full press release

Ricoh Recognized Among Top 50 Companies in Carbon Clean200™ List for Sixth Consecutive Year

(IN BRIEF) Ricoh has once again been included in the prestigious Carbon Clean200™ list, ranking among the top 50 companies globally leading the transition to clean energy. Organized by Corporate Knights and As You Sow, the list evaluates companies based … Read the full press release

Kuehne+Nagel Strengthens Cross-Border Road Logistics with City Zone Express Acquisition

(IN BRIEF) Kuehne+Nagel has announced its acquisition of City Zone Express, a subsidiary of Chasen Holdings Ltd., expanding its cross-border road logistics services in Southeast Asia and China. City Zone Express, with operations across Malaysia, Singapore, Vietnam, Thailand, and China, … Read the full press release

Unilever Appoints Heiko Schipper as President, Nutrition Business Group

(IN BRIEF) Unilever has announced the appointment of Heiko Schipper as President of the Nutrition Business Group, effective May 1, 2024. Heiko, currently serving as President of Bayer Consumer Health, brings extensive experience and a successful track record in the … Read the full press release

Equinor Resumes Helicopter Flights After Safety Review

(IN BRIEF) Equinor, following consultation with the Civil Aviation Authority, has made the decision to resume flights with Sikorsky S-92 helicopters to installations on the Norwegian continental shelf (NCS). This decision comes after a temporary suspension of all flights following … Read the full press release

Aegon Plans to Re-elect Lard Friese as CEO for Another Four Years

(IN BRIEF) Aegon’s Board of Directors announces its intention to nominate Lard Friese for re-election as Executive Director and CEO at the upcoming Annual General Meeting of Shareholders (AGM) on June 12, 2024, for another four-year term. Since assuming the … Read the full press release

RWE’s Werne Plants Awarded Contract for 820 Megawatt Reserve Capacity

(IN BRIEF) RWE Generation’s natural gas combined cycle units F and G, along with the K1 gas turbine at the Gersteinwerk site in Werne, have secured a contract to provide 820 megawatts of reserve power in the period from October … Read the full press release

DHL Group Inaugurates State-of-the-Art Logistics Center in Poznan, Poland

(IN BRIEF) DHL Group unveils its new international logistics center in Robakowo, near Poznan, Poland, in collaboration with DHL eCommerce, Post & Parcel Germany, and DHL Freight. Representing an investment of approximately 180 million euros, the facility spans 32,000 sqm … Read the full press release

Siemens Launches Revolutionary Circuit Protection Device: SENTRON ECPD

(IN BRIEF) Siemens introduces SENTRON ECPD (Electronic Circuit Protection Device), a groundbreaking innovation in circuit protection technology. The device offers ultra-fast, wear-free switching, up to 1,000 times faster than conventional circuit breakers, enhancing safety and minimizing short-circuit energy. It provides … Read the full press release

Generali Completes Disposal of TUA Assicurazioni to Allianz

(IN BRIEF) Generali has finalized the sale of TUA Assicurazioni S.p.A. to Allianz, in line with the company’s strategic objectives outlined in its “Lifetime Partner 24: Driving Growth” strategy in Italy. This move aims to drive profitable growth, streamline operations … Read the full press release

Allianz Completes Acquisition of Tua Assicurazioni from Assicurazioni Generali

(IN BRIEF) Allianz S.p.A. has finalized the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. for 280 million euros, as previously announced on October 12, 2023. With regulatory approvals secured, Allianz anticipates a 1-percentage-point increase in its P/C market … Read the full press release

Eurojust and Europol Lead International Effort to Dismantle Trafficking Ring Exploiting Women

(IN BRIEF) In a coordinated effort led by Eurojust and Europol, authorities in Belgium and Hungary have made significant strides in combatting human trafficking by dismantling an organised crime group involved in the sexual exploitation of women. Eight suspects were … Read the full press release

EBRD and Eiffel Investment Group Collaborate to Boost Solar Energy in Poland with €45 Million Joint Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group are teaming up to advance solar energy development in Poland through a €45 million joint loan to PL-SUN Sp.z.o.o. This funding will support the construction of … Read the full press release

Syngenta Teams Up with IBM and Maxygen to Revolutionize Agricultural Technology

(IN BRIEF) Syngenta Group, a leading global agriculture technology company, has announced key collaborations stemming from its innovation accelerator platform, Shoots by Syngenta, launched in 2023. These collaborations involve partnerships with IBM Research and US biotech firm Maxygen, aiming to … Read the full press release

Fugro Reports Robust Growth and Enhanced Profitability in 2023, Unveils Strategic Expansion Plans

(IN BRIEF) Fugro, a global leader in geo-data solutions, announces a strong performance in 2023 with notable revenue growth of 27.5% to EUR 2.2 billion, propelled by heightened client demand in energy markets. The company demonstrates significant improvement across all … Read the full press release

KPN’s Integrated Annual Report 2023: Advancing Connected Growth and Sustainability

(IN BRIEF) KPN unveils its Integrated Annual Report 2023 titled “Connected Growth,” highlighting a year of significant achievements and strategic advancements. The report emphasizes KPN’s commitment to expanding digital connectivity across the Netherlands, with notable growth in all segments and … Read the full press release

Yara Brasil and Petrobras Forge Partnership to Drive Decarbonization in Fertilizer and Industrial Sectors

(IN BRIEF) Yara Brasil Fertilizantes S.A. (Yara) and Petrobras have entered into a non-binding Memorandum of Understanding (MOU) aimed at exploring potential business collaborations concerning the production and decarbonization of local fertilizer and industrial products in Brazil. With Brazil being … Read the full press release

Beiersdorf AG Achieves Record Sales of €9.5 Billion in 2023, Driven by Double-Digit Growth in Consumer Segment

(IN BRIEF) Beiersdorf AG, a global leader in skincare, has reported exceptional financial results for fiscal year 2023, with group sales reaching a record high of €9.5 billion, marking a significant organic increase of 10.8%. The Consumer Business Segment experienced … Read the full press release

Outokumpu Oyj repurchased 71,000 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has successfully concluded its share repurchase program, acquiring a total of 71,000 of its own shares across trading venues CEUX and XHEL. The company initiated the buyback program on November 29, 2023, … Read the full press release

ANDRITZ Reports Record-Breaking Financial Performance for 2023, Projects Growth in 2024

(IN BRIEF) International technology conglomerate ANDRITZ has announced unprecedented financial achievements for the fiscal year 2023, marking a second consecutive year of record highs. The company reported a remarkable surge in revenue, net income, and EBITA, reaching 8.7 billion EUR, … Read the full press release

EIB Boosts Bulgarian Economy with €291 Million Financing and Advisory Support

(IN BRIEF) The European Investment Bank (EIB) and European Investment Fund (EIF) have forged agreements with Bulgarian partners, including Allianz Bank Bulgaria (ABB) and United Bulgarian Bank (UBB), to enhance the country’s economy and advance its transition to carbon neutrality. … Read the full press release

Schroders Tops Forest 500 Assessment for Second Consecutive Year, Urgent Action Needed on Deforestation

(IN BRIEF) Schroders celebrates its recognition as the leading financial institution in Global Canopy’s Forest 500 annual assessment, reaffirming its commitment to addressing deforestation in investment operations and supply chains. The report, evaluating companies and financial institutions across key commodities, … Read the full press release

San Francisco Retains Top Spot in Schroders’ Global Cities Index, London Climbs to Second Place

(IN BRIEF) San Francisco maintains its leading position in Schroders’ Global Cities Index for the second consecutive year, driven by the resilience of its tech sector despite social challenges. London ascends to second place, surpassing its 2023 ranking, despite slower … Read the full press release

Safran Aircraft Engines Establishes New Foundry in Rennes, Brittany for Turbine Blade Manufacturing

(IN BRIEF) Safran Aircraft Engines has unveiled plans to establish a new foundry works, Safran Turbine Airfoils, in Rennes, Brittany, aimed at producing turbine blades for key engine programs like the M88 and the CFM International LEAP. Scheduled to commence … Read the full press release

Dr. Denis Hinz Appointed as New Head of SGL Carbon’s Carbon Fibers Business Unit

(IN BRIEF) Effective March 1, 2024, Dr. Denis Hinz will assume the role of Head of SGL Carbon’s Carbon Fibers Business Unit, succeeding Roland Nowicki, who will depart from the company on May 31, 2024, to pursue new endeavors. Nowicki, … Read the full press release

WACKER Group Unveils Innovative Silicone Solutions at Silicone Expo Europe 2024

(IN BRIEF) At the Silicone Expo Europe, commencing in Amsterdam, the WACKER Group is set to showcase its latest silicone-based product solutions tailored for various industrial sectors. These offerings include silicone gels for wound care, non-postcuring liquid silicone rubber for … Read the full press release

Telefónica Movistar Extends Support for Movistar KOI eSports Team at MWC

(IN BRIEF) During the Mobile World Congress (MWC), Telefónica Movistar announced its commitment to continue supporting the Movistar KOI eSports team for three more years, marking a decade of involvement in eSports since its pioneering entry into the field. Movistar … Read the full press release

Ahold Delhaize Releases 2023 Annual Report: Demonstrates Resilience and Commitment to Sustainability

(IN BRIEF) Ahold Delhaize unveils its 2023 Annual Report, highlighting its financial and non-financial performance amidst challenging circumstances. The report underscores the company’s dedication to creating value for customers and communities while advancing towards a healthier and sustainable food system. … Read the full press release

Uniper Achieves Exceptional Financial Success in 2023, Anticipates Lower Earnings in 2024

(IN BRIEF) Uniper reports outstanding financial results for the 2023 fiscal year, with adjusted EBIT reaching €6,367 million, a significant improvement from the previous year. The company’s strategic hedging transactions and operational enhancements contributed to this success, particularly in its … Read the full press release

Daimler Truck Leads Safety Innovation for European Roadways with Enhanced Vehicle Systems

(IN BRIEF) Daimler Truck is at the forefront of safety innovation as stricter EU regulations for new trucks, buses, and coaches are set to take effect in July 2024. With its latest safety systems, Daimler Truck not only meets but … Read the full press release

Infineon Enhances Growth Strategy with Streamlined Sales Organization

(IN BRIEF) Infineon Technologies AG is embarking on a path of ambitious growth by revamping its sales organization structure, effective from March 1. The restructuring will see the sales team organized into three customer-centric Sales Segments: “Automotive”, “Industrial & Infrastructure”, … Read the full press release

Infineon Unveils Next-Gen Solid-State Isolators for Faster and More Reliable Circuit Switching

(IN BRIEF) At the Applied Power Electronics Conference (APEC), Infineon Technologies AG launched a new family of Solid-State Isolators (iSSI) designed to enhance circuit switching performance. Using coreless transformer technology, the iSSI offer improved energy transfer and protection features not … Read the full press release

Holcim Nominates Michael H. McGarry, Former PPG Industries Chairman and CEO, for Board of Directors

(IN BRIEF) Holcim has proposed the election of Michael H. McGarry, former Chairman and Chief Executive of PPG Industries, to its Board of Directors at the upcoming Annual General Meeting in May 2024. With a background in global business leadership … Read the full press release

Holcim Surpasses Expectations with Record-Breaking 2023 Results, Achieving Strategy 2025 Milestones Ahead of Schedule

(IN BRIEF) Holcim, a global leader in building materials, has reported stellar financial results for the full year of 2023, with net sales reaching CHF 27.009 billion and recurring EBIT hitting CHF 4.76 billion. These figures represent an organic growth … Read the full press release

Outokumpu Oyj repurchased 60,404 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has concluded its share repurchase program, acquiring a total of 60,404 of its own shares across various trading venues, amounting to EUR 249,067.53. This move follows the announcement of a share buyback program of up to 11 … Read the full press release