Search Results for: equity

Teck Resources to Exit Elk Valley in Landmark $6.93 Billion Deal with Glencore, Reshaping Canadian Mining

Posted on 14, November 2023 by

(IN BRIEF) Glencore is set to purchase a 77% effective interest in Teck Resources Limited’s steelmaking coal business, Elk Valley Resources (EVR), for $6.93 billion in cash. The deal includes NSC’s and POSCO’s interests in EVR. Upon completion, EVR will … Read the full press release →

Posted in Business, Industrial, Investment, Metals and Minerals, Switzerland

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EBRD Provides €6 Million to Boost Kosovo’s MSMEs and Green Economy

Posted on 14, November 2023 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is allocating up to €6 million to Banka për Biznes in Kosovo for onward lending to micro, small, and medium-sized enterprises (MSMEs). This initiative aims to enhance entrepreneurship, market competitiveness, … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom

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European Investment Bank Anchors Portland Caribbean Fund III with $35 Million Investment

Posted on 11, November 2023 by

(IN BRIEF) The Portland Caribbean Fund III has achieved its first close, with the European Investment Bank (EIB) contributing $35 million as a cornerstone investor. This fund, targeting a total size of $350 million, aims to support promising small and … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business

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University of Liverpool Joins Liverpool Arts and Culture Race Equality Manifesto to Promote Inclusion and Diversity

Posted on 10, November 2023 by

(IN BRIEF) The University of Liverpool has officially signed the Liverpool Arts and Culture Race Equality Manifesto, an initiative aimed at fostering inclusion and equality within the arts and culture sector in the Liverpool City Region. The manifesto, developed by … Read the full press release →

Posted in Art & Culture, Business, Education, Environment, Financial, Industrial, Investment, Management, News, Society, United Kingdom

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EIB Provides €20 Million Loan to Xnext for Food Safety and Sustainability Innovation

Posted on 10, November 2023 by

(IN BRIEF) The European Investment Bank (EIB) has extended a €20 million venture debt loan to Xnext, an Italian start-up specializing in X-ray inspection systems. The loan aims to bolster food safety, support innovation, and promote environmental sustainability. Xnext’s patented … Read the full press release →

Posted in Banks, Business, Economy, Electronics & Machinery, Environment, Financial, Food & Beverage, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News, Technology

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EQT and Benesse Holdings to Partner for Privatization and Growth in Japan’s Education and Nursing Care Sectors

Posted on 10, November 2023 by

(IN BRIEF) EQT, in collaboration with the founding family of Benesse Holdings, Inc., a leading education and nursing care provider in Japan, is set to initiate a Tender Offer to privatize the company, which is listed on the Tokyo Stock … Read the full press release →

Posted in Business, Education, Environment, Financial, Government, Healthcare, Industrial, Investment, Management, News, Real Estate, Sweden

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Outokumpu’s Q3 2023 Report: Challenging European Market Offset by Solid Performance in Americas

Posted on 7, November 2023 by

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has released its interim report for January to September 2023, highlighting both the challenges and successes during this period. In Q3 2023, the company experienced a challenging market environment in … Read the full press release →

Posted in Business, Economy, Environment, Financial, Finland, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology

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EQT Infrastructure to Acquire Statera Energy, Boosting UK’s Flexible Energy Generation and Storage

Posted on 6, November 2023 by

(IN BRIEF) EQT Infrastructure has announced its acquisition of Statera Energy Limited from InfraRed Capital Partners, a move that aligns with the evolving landscape of the UK’s energy sector. As the country shifts towards decarbonization and increased electrification, the role … Read the full press release →

Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Sweden, United Kingdom

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Lenzing Group Reports Q3 2023 Results Amidst Challenging Market Conditions

Posted on 4, November 2023 by

(IN BRIEF) The Lenzing Group, a global supplier of specialty fibers for textiles and nonwovens, has reported its Q3 2023 results, reflecting ongoing challenges in the market. The company’s revenue for the first three quarters of the year decreased by … Read the full press release →

Posted in Apparel, Fashion & Beauty, Austria, Business, Economy, Financial, Industrial, Investment, Management, News

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Swiss Re Reports Robust Earnings of $2.5 Billion in First Nine Months of 2023

Posted on 3, November 2023 by

(IN BRIEF) Swiss Re, a global reinsurance company, has announced strong financial results for the first nine months of 2023, posting a net income of USD 2.5 billion. In the third quarter alone, the company recorded a profit of USD … Read the full press release →

Posted in Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland

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Allianz X Invests in NEXT Insurance to Advance Small Business Insurance Innovation

Posted on 3, November 2023 by
Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz X, the digital investments division of global insurer Allianz Group, has announced a strategic investment in NEXT Insurance, a leading technology-focused small business insurer in the United States. Allstate is also participating in this investment round, bringing … Read the full press release →

Posted in Business, Economy, Environment, Financial, Germany, Industrial, Insurance, Investment, Management, News, Small Business, Technology

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BASF and 3Helix Partner to Commercialize Innovative Anti-Aging Technology

Posted on 3, November 2023 by

(IN BRIEF) BASF, a global chemical company, has entered into an innovation partnership with 3Helix Inc., a U.S.-based technology start-up, to leverage 3Helix’s proprietary CHP (Collagen Hybrid Peptides) technology. This collaboration involves an equity investment and licensing agreement, granting BASF … Read the full press release →

Posted in Apparel, Fashion & Beauty, Business, Chemicals, Environment, Financial, Germany, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology

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Zurich Insurance Forms Strategic Alliance with Kotak Mahindra Bank in Indian Insurance Market

Posted on 3, November 2023 by

(IN BRIEF) Zurich Insurance Group has announced a significant strategic alliance with Kotak Mahindra Bank in India, with plans to acquire a 51% stake in Kotak Mahindra General Insurance Company for $488 million. This investment marks one of the largest … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Insurance, Investment, Management, News, Switzerland, Technology

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ING Group Announces €2.5 Billion Share Buyback Program for CET1 Ratio Optimization

Posted on 2, November 2023 by
ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING Group has initiated a €2.5 billion share buyback program to enhance its Common Equity Tier 1 (CET1) ratio. The move follows ING’s aim to converge its CET1 ratio toward a target of approximately 12.5%, as announced earlier … Read the full press release →

Posted in Banks, Financial, Investment, Netherlands

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Accenture Completes Acquisition of ConcentricLife to Enhance Healthcare Marketing Capabilities

Posted on 2, November 2023 by

(IN BRIEF) Accenture has successfully finalized its acquisition of ConcentricLife, a prominent healthcare marketing agency known for its expertise in assisting Life Sciences brands in creating optimal brand experiences throughout various stages of the health journey. This strategic acquisition underscores … Read the full press release →

Posted in Business, Financial, Healthcare, Industrial, Investment, Ireland, Management, Marketing, News, Science

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AstraZeneca Teams Up with Cellectis to Accelerate Gene Therapy Development

Posted on 1, November 2023 by

(IN BRIEF) AstraZeneca has entered into a collaboration and investment agreement with biotech firm Cellectis to fast-track the development of cutting-edge therapeutics in areas such as oncology, immunology, and rare diseases. This partnership will leverage Cellectis’ gene editing technologies and … Read the full press release →

Posted in Business, Education, Environment, Financial, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology, United Kingdom

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Global Listed Real Estate Sees Hope Amidst Challenges: Improving Economic Outlook and Bargain Valuations Offer Opportunities

Posted on 1, November 2023 by

(IN BRIEF) Global listed real estate has experienced a significant correction, with a 25% drop in EUR terms since the beginning of 2022, leading to property companies trading at a 20% discount to their net asset value (NAV). In Europe, … Read the full press release →

Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Norway, Real Estate

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Barclays Launches Demo Directory: A Game-Changer for UK Businesses Seeking Investment

Posted on 31, October 2023 by

(IN BRIEF) Barclays has introduced the Demo Directory, a novel online platform that allows UK businesses to connect with potential investors, regardless of their banking affiliation. This free service aims to simplify and expedite access to capital, offering opportunities for … Read the full press release →

Posted in Banks, Business, Economy, Financial, Industrial, Internet & Online, Investment, Management, News, Technology, United Kingdom

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HSBC Reports Strong 3Q 2023 Earnings, Plans Share Buy-Backs and Dividends

Posted on 31, October 2023 by

(IN BRIEF) HSBC Holdings plc reported strong financial performance in the third quarter of 2023, with profit before tax rising to $7.7 billion. This increase was driven by a higher interest rate environment and a positive impact related to the … Read the full press release →

Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, United Kingdom

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Unilever Sells Dollar Shave Club to Nexus Capital Management to Focus on Core Growth Areas

Posted on 27, October 2023 by

(IN BRIEF) Unilever has announced the sale of Dollar Shave Club to Nexus Capital Management LP, a US-based private equity firm. Dollar Shave Club, known for its razors and male grooming products, will continue to serve consumers in North America … Read the full press release →

Posted in Apparel, Fashion & Beauty, Business, Financial, Government, Industrial, Investment, Management, Marketing, News, Retail, United Kingdom

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EIF and Leading Romanian Banks Join Forces to Provide €1 Billion in Guarantees for SMEs in Romania

Posted on 26, October 2023 by

(IN BRIEF) The European Investment Fund (EIF) has partnered with five leading Romanian banks to provide €1 billion in guarantees to support small and medium-sized enterprises (SMEs) in Romania. These guarantees, backed by the InvestEU Member State Compartment and the … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, News, Small Business

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Accenture and TD Bank Forge Coalition with Disability:IN to Drive Disability Inclusion in Marketing and Communications

Posted on 26, October 2023 by

(IN BRIEF) Accenture and TD Bank have partnered to establish a cross-industry coalition comprising Chief Marketing Officers (CMOs) and Chief Communications Officers (CCOs) powered by Disability:IN. This coalition aims to accelerate disability inclusion in the marketing and communications professions by … Read the full press release →

Posted in Banks, Business, Industrial, Ireland, Management, Marketing, News, Society, Technology

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EBRD Unveils New Strategy to Drive Green Transition in Slovakia

Posted on 26, October 2023 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new country strategy for the Slovak Republic, outlining its focus on advancing the green transition and strengthening economic resilience in the country. The strategy includes efforts to … Read the full press release →

Posted in Banks, Economy, Environment, Financial, Slovakia

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Eni’s LNG Strategy: New 0.8 bcm Agreement Fuels Growth in Key Asian Markets

Posted on 26, October 2023 by

(IN BRIEF) Eni, a global energy company, has signed a significant LNG sales agreement with Merakes LNG Sellers for 0.8 billion cubic meters (bcm) annually, starting from January 2024 for three years. This complements their existing 1.4 bcm per year … Read the full press release →

Posted in Business, Energy, Gas & Oil, Industrial, Italy

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Enel’s Strategic Divestment: Arcadia Generación Solar Now in Sonnedix’s Hands

Posted on 25, October 2023 by

(IN BRIEF) Enel and its subsidiary, Enel Chile, have successfully completed the sale of their equity interests in Arcadia Generación Solar to renewable energy producer Sonnedix. This transaction, valued at 556 million US dollars, includes four operational PV plants in … Read the full press release →

Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, Italy

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NWO and ZonMw Achieve Over 90% Open Access Publication Rate in 2022, Emphasizing Commitment to Open Science

Posted on 25, October 2023 by

(IN BRIEF) In a significant move towards open access in research, NWO and ZonMw, Dutch research funding organizations, have revealed that 93% of research funded by both institutions in 2022 was published as open access. This milestone reflects their dedication … Read the full press release →

Posted in Business, Education, Industrial, Management, Netherlands, News, Science, Technology

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Macquarie Asset Management to Acquire Nearly 50% Stake in Hydro’s Renewable Energy Arm

Posted on 25, October 2023 by

(IN BRIEF) Macquarie Asset Management has inked an agreement with Hydro, a prominent Norwegian aluminum and renewable energy company, to purchase a 49.9 percent ownership interest in Hydro’s renewable energy subsidiary, Hydro Rein, for $332 million. This deal values Hydro … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway

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SIX Swiss Exchange Welcomes First Trust as New ETF Issuer, Expanding Its Offering to 1,710 ETFs

Posted on 24, October 2023 by

(IN BRIEF) SIX Swiss Exchange has welcomed First Trust as a new issuer of exchange-traded funds (ETFs), becoming the 28th ETF issuer on the exchange. First Trust’s introduction adds two new ETF products to the exchange, bringing the total number … Read the full press release →

Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Switzerland

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SGS Divests US Powertrain Testing Operations to Columbia River Partners in Strategic Portfolio Move

Posted on 24, October 2023 by

(IN BRIEF) SGS has signed an agreement to sell its US powertrain testing operations to Columbia River Partners, a private equity firm specializing in industrials, business services, and IT services. The divested operations encompass combustion engine services, powertrain component testing, … Read the full press release →

Posted in Automotive, Business, Financial, Industrial, Management, News, Switzerland, Technology

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EBRD Invests €75 Million in Poland’s R.Power to Boost Green Energy Expansion

Posted on 24, October 2023 by

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is investing €75 million in R.Power S.A, a leading renewable energy developer in Poland, to support the expansion of green energy generation across Europe. This marks the EBRD’s second investment … Read the full press release →

Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Poland, United Kingdom

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Eni Signs Long-Term LNG Contract with QatarEnergy to Boost Supply and Strengthen Partnership

Posted on 24, October 2023 by

(IN BRIEF) Eni, in partnership with QatarEnergy LNG NFE (5), has entered into a long-term contract for the North Field East (NFE) project in Qatar. This agreement will facilitate the delivery of up to 1.5 billion cubic meters per annum … Read the full press release →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Italy, Management, News

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Oxford’s Saïd Business School Hosts African Venture Capital Leaders for Impactful ‘Africa Venture Finance Programme

Posted on 20, October 2023 by

(IN BRIEF) The University of Oxford’s Saïd Business School recently played host to 42 prominent African and Africa-focused venture capital (VC) fund managers as part of the ‘Africa Venture Finance Programme.’ This event, organized by the European Investment Bank’s Boost … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News

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Eurex Expands Cryptocurrency Offerings with Options on FTSE Bitcoin Index Futures

Posted on 20, October 2023 by

(IN BRIEF) Eurex, the leading European exchange, has marked another significant step in its mission to provide secure access to cryptocurrencies within a regulated market environment. Following the successful launch of Bitcoin index futures in April 2023, Eurex has now … Read the full press release →

Posted in Business, Economy, Financial, Germany, Industrial, International Trade, Investment, Management, News

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CapMan Announces Date for 1–9 2023 Interim Report Release and Webcast Presentation

Posted on 20, October 2023 by

(IN BRIEF) CapMan, a leading investment and asset management company, has scheduled the release of its interim report for the period from 1 January to 30 September 2023. The report will be published on Thursday, 26 October 2023, at approximately … Read the full press release →

Posted in Business, Financial, Finland, Industrial, Investment, Management, Media, News, Real Estate

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Triton Backs Wavelynx Technologies’ Growth in Access Control Solutions

Posted on 17, October 2023 by

(IN BRIEF) Funds advised by Triton have entered into an agreement to support the growth of Wavelynx Technologies, a leader in mobile-first identity and access control solutions. Wavelynx specializes in open hardware and software for access control, including readers, controllers, … Read the full press release →

Posted in Business, Financial, Industrial, Investment, Management, News, Norway, Technology, Telecom

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Intesa Sanpaolo’s ‘Italian Excellences 2023’ Highlights Italian Mid Corporates to International Investors in Paris

Posted on 12, October 2023 by

(IN BRIEF) The second edition of Intesa Sanpaolo’s “Italian Excellences 2023, Mid Corporate Conference” in Paris saw around 50 companies, primarily listed on the Euronext STAR Milan segment of Borsa Italiana, participating. The event, in collaboration with Borsa Italiana, attracted … Read the full press release →

Posted in Banks, Business, Economy, Financial, France, Government, Industrial, Investment, Italy, Management, Media, News, Small Business

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FIGO Honors Global Women’s Health Champions at XXIII World Congress

Posted on 11, October 2023 by

(IN BRIEF) During the Welcome Ceremony of the XXIII FIGO World Congress of Gynecology and Obstetrics in Paris, FIGO (International Federation of Gynecology and Obstetrics) celebrated the contributions of five exceptional professionals dedicated to improving women’s health worldwide. The FIGO … Read the full press release →

Posted in Awards, Business, Healthcare, Industrial, Management, Media, News, Science, Society, United Kingdom

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Almirall Partners with Centrient Pharmaceuticals to Establish Innovation Lab at R&D Center in Barcelona

Posted on 11, October 2023 by

(IN BRIEF) Almirall, a global biopharmaceutical company specializing in medical dermatology, has entered into an agreement with Centrient Pharmaceuticals, a leader in sustainable biosynthetic pharmaceuticals, to establish a dedicated innovation lab at Almirall’s R&D center in Sant Feliu de Llobregat, … Read the full press release →

Posted in Business, Education, Environment, Financial, Healthcare, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Pharma & Biotech, Science, Spain, Technology

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VetPartners Set for Positive Transformation with EQT Acquisition

Posted on 11, October 2023 by

(IN BRIEF) EQT is set to acquire VetPartners, the largest provider of veterinary services in Australia and New Zealand, from National Veterinary Associates, Inc. Through this deal, EQT plans to support VetPartners’ clinical teams in delivering top-quality care to animals. … Read the full press release →

Posted in Business, Healthcare, Investment, Management, Sweden

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EIF and Malta Ministry Collaborate to Inject €16.55 Million into Maltese SMEs

Posted on 11, October 2023 by

(IN BRIEF) In a collaborative effort between the European Investment Fund (EIF) and Malta’s Ministry of European Funds and Lands, €16.55 million will be provided to support small and medium-sized businesses (SMEs) in Malta through the ‘Malta Member State Compartment.’ … Read the full press release →

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

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