Tag Archives: Financial

Sampo Group welcomes Kai Sotamaa as Chief Risk Officer

HELSINKI, 2-Apr-2019 — /EuropaWire/ — Sampo Group announces the appointment of Kai Sotamaa as Chief Risk Officer as of 1 April 2019. Sotamaa, 48, has previously worked as Head of Risk Management at Ilmarinen and as Financial Economist at Bank … Read the full press release

Schroders and Lloyds Banking Group announce executive team for new joint venture

LONDON, 27-Mar-2019 — /EuropaWire/ — A joint venture between Schroders plc and Lloyds Banking Group plc, Schroders Personal Wealth announces its executive team. Schroders Personal Wealth will be launched later this year with the aim to help more people in … Read the full press release

Siemens AG shareholders approve distribution of €3.80 dividend per share for FY 2018

BERLIN / MUNICH, 1-Feb-2019 — /EuropaWire/ — Siemens AG shareholders have, with large majorities, approved the distribution of €3.80 dividend per share for the fiscal 2018. The ratification took place during the company’s 53rd ordinary Annual Shareholders’ Meeting. The FY 2018 dividend is higher than the dividend … Read the full press release

Stora Enso 4Q and FY 2018 Financial Results: Webcast and press conference for media will take place at Stora Enso’s Head Office in Helsinki

HELSINKI, 18-Jan-2019 — /EuropaWire/ — Stora Enso will publish its fourth quarter and full year 2018 Financial Results on Friday 1 February 2019 at approximately 09.30 Finnish time (08.30 CET). The following events will take place later that day: 1) Press … Read the full press release

Sixteen European companies join forces to push forward the development of sustainable finance

PARIS, 15-Jan-2019 — /EuropaWire/ — One year after the Paris Green Bond Pledge, published to mark 2017 Climate Finance Day, sixteen European companies (EDF, EDP, ENEL, ENGIE, Ferrovie Dello Stato Italiane, Iberdrola, Icade, Ørsted, RATP, SNCF Réseau, Société du Grand Paris, … Read the full press release

A.M. Best Rating Services upgraded Generali’s Long–Term Issuer Credit Rating to “a+” from “a”

TRIESTE, 11-Jan-2019 — /EuropaWire/ — AM Best announced today that it has upgraded Generali’s Long–Term Issuer Credit Rating (Long–Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent). The outlook of the Long-Term ICR … Read the full press release

Swiss National Bank (SNB) will report a loss in the order of CHF 15 billion for the 2018 financial year

Confederation and cantons to receive distribution of CHF 2 billion ZURICH, 09-Jan-2019 — /EuropaWire/ — According to provisional calculations, the Swiss National Bank (SNB) will report a loss in the order of CHF 15 billion for the 2018 financial year. The … Read the full press release

Ahlstrom-Munksjö: 2,832 Offer Shares subscribed for without subscription rights in Sweden registered with the Finnish Trade Register

This stock exchange release may not be published or distributed, in whole or in part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Singapore or the United States or any other country where … Read the full press release

Kerstin Winlöf appointed new Head of Group Savings at Swedbank

Kerstin Winlöf, currently Chief Operating Officer within Wealth Management and Wholesale Banking at Nordea, has been appointed new Head of Group Savings at Swedbank. Kerstin Winlöf will assume her new role at the latest 1 May, 2019. In addition, she … Read the full press release

Helaba to buy 100% of the shares in Dexia Kommunalbank Deutschland (DKD) for EUR 352 million

BRUSSELS, PARIS, FRANKFURT, 14-Dec-2018 — /EuropaWire/ — Dexia and Helaba today announce that they have signed a sale and purchase agreement allowing Helaba to buy 100% of the shares in Dexia Kommunalbank Deutschland (DKD) for a total consideration of EUR 352 … Read the full press release

Aurubis AG will recommend a dividend of EUR 1.55 per share at the Annual General Meeting on February 28, 2019

Recommended dividend of € 1.55 per share is a 7 % increase compared to the previous year Aurubis achieves one of the best results in company history and fulfills its own forecast, which had been moved upward at the half-year … Read the full press release

Linde Intermediate Holding AG informed Linde Aktiengesellschaft of an increase of the cash compensation in the context of the envisaged cash merger squeeze-out

MUNICH, 11-Dec-2018 — /EuropaWire/ — Today (10 December 2018), Linde Intermediate Holding AG (“Linde Intermediate”) informed the Executive Board of Linde Aktiengesellschaft (“Linde AG”) of an increase of the cash compensation to be paid in the context of the envisaged … Read the full press release

STMicroelectronics N.V. share buybacks: 71,383 ordinary shares repurchased at EUR 12.2865 price per share for total EUR 877,048

Disclosure of Transactions in Own Shares – Period from December 03, 2018 to December 07, 2018  AMSTERDAM, 11-Dec-2018 — /EuropaWire/ — STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full … Read the full press release

SIX: Swiss Federal Council adopts new “recognition regime” for foreign trading venues which trade Swiss shares

ZURICH, 03-Dec-2018 — /EuropaWire/ — Based on the new “ recognition regime”, FINMA will only grant recognition if the jurisdiction, in which the foreign trading venue is located, permits investment firms in that jurisdiction to trade in Swiss shares in Switzerland … Read the full press release

Chris Williams to lead LBBW’s Project Finance segment in Great Britain

Chris Williams heads up project finance business in Great Britain and Ireland STUTTGART, 23-Nov-2018 — /EuropaWire/ — Chris Williams has taken over the management of LBBW’s Project Finance segment in Great Britain. The 48-year-old comes from the Bank of Ireland, where … Read the full press release

LBBW: Jens Heil to lead Project Finance in the DACH region and other European countries

Jens Heil to head business in the DACH region and other European countries STUTTGART, 23-Nov-2018 — /EuropaWire/ — LBBW accelerates the expansion of its Project Finance business area by filling a key management position in this context. Jens Heil is … Read the full press release

Intesa Sanpaolo Securitisation Vehicle S.r.l. merged into Intesa Sanpaolo S.p.A.

TURIN/ MILAN, 23-Nov-2018 — /EuropaWire/ — Notice is hereby given that the minutes of the Board of Directors’ meeting, held on 20 November 2018, were made available on 23 November 2018 at the Company’s Registered Office, as well as on the … Read the full press release

NWO will no longer use its own funds to enter into new financial obligations for joint calls via ERA-NETs and JPIs

THE HAGUE, 16-Oct-2018 — /EuropaWire/ — NWO will no longer use its own funds to enter into new financial obligations for joint calls via ERA-NETs and JPIs. The main reason for this is that NWO focusses on new forms of international … Read the full press release

KfW IPEX-Bank finances Norwegian dairy cooperative TINE SA’s new plant in Ireland

FRANKFURT AM MAIN, 10-Oct-2018 — /EuropaWire/ — KfW IPEX-Bank is financing the construction of a new plant in Ireland for the Norwegian dairy cooperative TINE SA. The new production plant is to be built in cooperation with the Irish company … Read the full press release

Barclays launches new digital platform to boost its Corporate Banking operations in Western Europe

European footprint improved through increased investment Digital Corporate Banking platform developed to support multi-country banking More complete range of services available to institutional clients and global corporates Enhanced offering boosted by new hires in Europe LONDON, 26-Sep-2018 — /EuropaWire/ — Barclays … Read the full press release

EDF successfully raised U.S.$3.75 billion through 3 senior bonds to further strengthen its balance sheet and refinance upcoming maturities

$3.75 billion senior bond issue in 3 tranches with maturity ranging from 10 to 30 years Return of EDF to the USD 144A/RegS bond market LONDON, 20-Sep-2018 — /EuropaWire/ — On September 19, 2018, EDF (A- S&P / A3 Moody’s … Read the full press release

Deutsche Bank marks its 40th anniversary in South Korea and Thailand

FRANKFURT, 06-Sep-2018 — /EuropaWire/ — At the beginning of September 1978, Deutsche Bank’s representation in East Asia was expanded considerably with the opening of branches in the South Korean capital Seoul and Thailand’s capital Bangkok. However, the branches operated under the … Read the full press release

SGS: Egyptian company Auto-Group conforms to MSI 20000 standards

After a long process of evaluation and verification, strictly evaluated on the basis of the specifications of the MSI 20000 regulation, SGS has announced that the Egyptian company Auto-Group conforms to MSI 20000 standards. GENEVA, 29-Jun-2018 — /EuropaWire/ — The official … Read the full press release

Digi Communications NV Announces that Conditional stock options were granted to several Directors of the Company based on the general shareholders’ meeting approval from 2 May 2018

BUCHAREST, Romania, 18-May-2018 — /EuropaWire/ — The Company would like to inform the market and its investors that, on 18 May 2018, Mr. Serghei Bulgac (Chief Executive Officer and Executive Director of the Company), Mr. Valentin Popoviciu (Executive Director of … Read the full press release

Paul de Leusse appointed Deputy CEO for mobile financial services on the Orange Executive Committee

PARIS, 10-May-2018 — /EuropaWire/ — Paul de Leusse has been appointed Deputy CEO for mobile financial services on the Orange Executive Committee. With his extensive experience in the banking and financial sector, he will be responsible for mobile financial services, … Read the full press release

Russia’s largest banking and financial services company Sberbank deployed SAP SuccessFactors solutions to manage its workforce of 230,000 employees

WALLDORF, 04-May-2018 — /EuropaWire/ — SAP SE (NYSE: SAP) today announced that Sberbank, Russia’s largest banking and financial services company, has deployed SAP SuccessFactors solutions to manage its workforce of 230,000 employees, marking the largest completed cloud project in Russia. Sberbank plans … Read the full press release

Koninklijke Philips N.V.: successful pricing of EUR 500 million fixed rate notes due 2024 and EUR 500 million fixed rate notes due 2028

AMSTERDAM, 26-Apr-2018 — /EuropaWire/ — Koninklijke Philips N.V. (“Royal Philips”) (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its issue of EUR 500 million fixed rate notes due 2024 and EUR 500 million … Read the full press release

Siemens Gamesa AGM: shareholders approve FY 2017 financials; ratified the company’s management since the merger

Tacke underscored the company’s commitment to Spain and, specifically, the Basque region, home to Siemens Gamesa’s headquarters  “The rationale of our merger brings us a great competitive advantage, unlocking our size and scale; our unmatched business and geographic diversification; our … Read the full press release

SIX: Operating income up 5.8% to CHF 1,944.6 million in FY 2017

ZURICH, 21-Mar-2018 — /EuropaWire/ — SIX can again look back on a successful year with strong revenue growth, in which it achieved a solid annual result in a challenging environment. Through strategic investments and acquisitions, primarily to strengthen its market position … Read the full press release

Nordic and Baltic countries sign Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability

OSLO, 12-Feb-2018 — /EuropaWire/ — The heads of relevant ministries, central banks, financial supervisory authorities and resolution authorities in the Nordic and Baltic countries, have signed a Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability. The Nordic … Read the full press release