Tag Archives: joint venture

ŠKODA AUTO and IT holding Etnetera Group form a joint venture for the delivery of the next-generation software for the era of electromobility

ŠKODA AUTO launches joint venture Green:Code with IT holding Etnetera Group Green:Code’s goal: To optimise the user experience for ŠKODA customers and to deliver next-generation software for the era of electromobility The new company will be hiring up to 200 … Read the full press release

Allianz Real Estate forms a new joint venture with VGP, a pan-European player in the high-quality logistics and semi-industrial real estate space

(PRESS RELEASE) PARIS/ MUNICH/ ANTWERPEN, 4-Jan-2022 — /EuropaWire/ — Allianz Group, one of the leading integrated financial services providers worldwide, has announced that Allianz Real Estate, while acting on behalf of several Allianz group companies, has formed a new 50/50 … Read the full press release

New pan European leader in operational car leasing established by Stellantis and Crédit Agricole

Crédit Agricole and Stellantis intend to join forces to create a European leader in long-term leasing CA Consumer Finance plans also to launch a panEuropean, multi-brand operator in automotive financing, leasing and mobility (PRESS RELEASE) MONTROUGE, France, 17-Dec-2021 — /EuropaWire/ … Read the full press release

Ahlstrom-Munksjö to combine its existing Decor business with Chinese Minglian’s decor paper plant in a mix of acquisition/joint venture deal

(PRESS RELEASE) HELSINKI, 30-Sep-2021 — /EuropaWire/ — Ahlstrom-Munksjö (HEL: AM1), a global leader in fiber-based materials, has announced it has signed an agreement for the acquisition of 60% of Chinese decor paper producer Minglian New Materials Technology Co., Ltd., established … Read the full press release

BASF majority owned battery materials joint venture formed in the world’s largest battery materials market China

The new joint venture will focus on the rapidly growing electric vehicle segment in the world’s largest battery materials market China The combined technology expertise and market access will provide superior customer value, rapid innovation and cost competitiveness BASF advances … Read the full press release

EDF sold its 49.99% interest in Constellation Energy Nuclear Group LLC to its joint venture partner Exelon Generation, LLC

(PRESS RELEASE) PARIS, 9-Aug-2021 — /EuropaWire/ — EDF (EPA: EDF), the world-leading nuclear operator, has announced it has completed the sale of its 49.99% interest in Constellation Energy Nuclear Group, LLC (“CENG”) to its joint venture partner, Exelon Generation, LLC … Read the full press release

SUEZ and FERMENTALG joint venture to accelerate development of Carbon Capture and Utilization (CCU) solutions

(PRESS RELEASE) PARIS, 5-Jul-2021 — /EuropaWire/ — SUEZ announces the creation of 50/50 joint venture with FERMENTALG aimed at accelerating the development and sale of solutions for the capture and bioconversion of CO2 (Carbon Capture and Utilization or CCU) by … Read the full press release

EQT Exeter and Spanish developer Grupo Moraval join forces to address the rapid growth of the student housing market in Spain

(PRESS RELEASE) MADRID, 24-May-2021 — /EuropaWire/ — EQT Exeter (EQT Real Estate II fund), the global real estate solutions provider, and Group Moraval, a leading Spanish developer, have announced they are establishing a joint venture to create a portfolio of … Read the full press release

Enel X announces partnership with Sterling and Wilson to accelerate deployment of EV charging infrastructure in India

The purpose of the JV is to market and distribute products for electric vehicle private and public charging businesses across India (PRESS RELEASE) ROME, Italy/ MUMBAI, India, 26-Feb-2021 — /EuropaWire/ — Enel X announces that it has entered into a … Read the full press release

NAVIRIS and NAVANTIA to expand industrial cooperation for the European Patrol Corvette (EPC) program

(PRESS RELEASE) GENOA/ MADRID, 11-Feb-2021 — /EuropaWire/ — Fincantieri announces that NAVIRIS, its 50/50 joint venture company with Naval Group, has signed a Memorandum of Understanding (MoU) with NAVANTIA aimed at enlarging the industrial cooperation for the European Patrol Corvette … Read the full press release

Total’s entire power consumption in U.S. now fully covered by green electricity

(PRESS RELEASE) PARIS, 5-Feb-2021 — /EuropaWire/ — Total (EPA: FP), a French multinational broad energy company, has announced it will add 2.2GW to its U.S. solar portfolio. The addition comes after the acquisition of a development pipeline of 2.2 GW … Read the full press release

Stellantis N.V. subsidiary FCA Italy and Engie EPS form e-Mobility joint venture

(PRESS RELEASE) PARIS/ TURIN, 26-Jan-2021 — /EuropaWire/ — Stellantis N.V. (STLA:EN) announces that its wholly owned subsidiary FCA Italy S.p.A. has signed an agreement with Engie EPS (EPS:EN) to create a Joint Venture in the e-Mobility sector. These agreements, including … Read the full press release

SUEZ and FERMENTALG to address growing climate emergency through innovative solutions based on biomimicry for the capture and recovery of CO2 in bioproducts

(PRESS RELEASE) PARIS, 5-Jan-2021 — /EuropaWire/ — SUEZ and FERMENTALG, a key French player and expert in the research and bio industrial exploitation of micro-algae, strengthen their cooperation following a five-year partnership, and to address the growing climate emergency through … Read the full press release

Aviva closes divestment of entire shareholding in Aviva Life Insurance Company Limited (“Blue”)

(PRESS RELEASE)LONDON, 10-Dec-2020 — /EuropaWire/ — British multinational insurance company Aviva plc announces the completion of sale of its entire shareholding in its Hong Kong joint venture, Aviva Life Insurance Company Limited¹ (“Blue”). The buyer is its joint venture partner, … Read the full press release

Vattenfall and Eurofiber to accelerate digitization in Berlin with new fiber optic infrastructure

(PRESS RELEASE) STOCKHOLM, 8-Sep-2020 — /EuropaWire/ — Vattenfall and Eurofiber announce plan to establish a Berlin based joint venture which will provide access to fiber connectivity for more than 500,000 households and businesses. Compared to the existing coax and copper … Read the full press release

Shell announces investment in Arrow Energy’s Surat Gas Project in Queensland, Australia

(PRESS RELEASE) THE HAGUE, 17-Apr-2020 — /EuropaWire/ — Oil and gas giant Shell has just announced an investment in Arrow Energy’s Surat Gas Project in Queensland, Australia. The investment will bring up to 90 billion cubic feet per year of … Read the full press release

Skanska to design and build new bridge connecting Newburg, Maryland, and Dahlgren, Virginia, USA

(PRESS RELEASE) STOCKHOLM, 11-Feb-2020 — /EuropaWire/ — Skanska will design and build the new Governor Harry W. Nice Memorial/Senator Thomas “Mac” Middleton Bridge over the Potomac River, USA. The contract was signed with Maryland Department of Transportation – Maryland Transportation … Read the full press release

Allianz to establish life insurance joint venture in Japan with AEON Financial Service

Allianz to establish life insurance joint venture in Japan with AEON Financial Service

(PRESS RELEASE) MUNICH, 4-Feb-2020 — /EuropaWire/ — Allianz SE announced it will establish a life insurance joint venture (JV) with bank holding group AEON Financial Service (AFS). The newly formed joint venture will focus on developing and marketing life insurance … Read the full press release

ENGIE and EDPR combine expertise and capabilities on offshore wind

(PRESS RELEASE) LA DÉFENSE, France, 24-Jan-2020 — /EuropaWire/ — ENGIE announces 50/50 joint-venture (JV) agreement with EDPR (edp renewables), bringing together the industrial expertise and development capacity of both companies in fixed and floating offshore wind. The agreement follows the … Read the full press release

Rheinmetall awarded major contract to manufacture aluminum housings for the 5G network

(PRESS RELEASE) DÜSSELDORF, 11-Dec-2019 — /EuropaWire/ — Rheinmetall to manufacture aluminum housings for the 5G network, systematically expanding the activities of its Automotive arm to include new product categories outside the automotive industry. The contract has been awarded through its … Read the full press release

LafargeHolcim adds new production facilities in Africa for its sustainable and affordable housing solution, Durabric

(PRESS RELEASE) JONA, Switzerland, 27-Nov-2019 — /EuropaWire/ — LafargeHolcim adds more production capacity for its Durabric soil-stabilized bricks with new a plant located in Malawi. As part of 14Trees, its joint venture with CDC Group, the new plant will industrialize … Read the full press release

CapMan Infra invests in the acceleration of fibre network deployment across Finland

(PRESS RELEASE) HELSINKI, 31-Oct-2019 — /EuropaWire/ — CapMan Infra to establish a joint venture with Telia Company that will invest into and deploy fibre-to-the-home (FTTH) infrastructure in Finland. CapMan Infra will take a majority investment in the joint venture that … Read the full press release

Total to provide shipping customers in China with low sulphur fuels through a joint venture with Zhejiang Energy Group

(PRESS RELEASE) ZHOUSHAN, China, 21-Oct-2019 — /EuropaWire/ — Total creates a joint venture company with Chinese state-owned Zhejiang Energy Group (ZEG). The joint venture is intended to the supply and delivery of marine fuels in the region of Zhoushan, China. … Read the full press release

Safran Electrical & Power and Boeing joint venture announces the appointment of the first woman to manage an aerospace company in Morocco

(PRESS RELEASE) CASABLANCA, Morocco, 9-Aug-2019 — /EuropaWire/ — On July 3, 2019, Zahira Bouaouda, became the first woman to manage an aerospace company in Morocco. Zahira was appointed President of MATIS Aerospace, specializing in electrical wiring interconnection systems. In 1997, … Read the full press release

BP and Didi Chuxing to develop a network of EV charging hubs across China through new joint venture

(PRESS RELEASE) LONDON, 2-Aug-2019 — /EuropaWire/ — BP have agreed to form a new joint venture to build electric vehicle (EV) charging infrastructure in China with Didi Chuxing, the world’s largest market for electric vehicles. Both companies plans to develop … Read the full press release

Henkel further strengthens leading hair coloration portfolio with acquisition of 51% stake in eSalon

(PRESS RELEASE) DÜSSELDORF, 26-Jul-2019 — /EuropaWire/ — Henkel to acquire 51 per cent stake in eSalon.com LLC, further strengthening its leading hair coloration portfolio and expand its digital business. eSalon creates customized hair colorations mixed on an individual basis for … Read the full press release

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

(PRESS RELEASE) 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 … Read the full press release

BMW Group and CRITICAL Software launch Critical TechWorks software company in Portugal

Merger secures access to talents at up-and-coming technology and software development location. MUNICH, 09-Oct-2018 — /EuropaWire/ — With signature of the final contracts and approval of the competition authorities, the BMW Group and the company CRITICAL Software have concluded the formation … Read the full press release

CRITICAL Software and the BMW Group to combine expertise in automotive software engineering

COIMBRA, Portugal, 19-Jun-2018 — /EuropaWire/ — CRITICAL Software is expanding its strategic collaboration with premium mobility company, the BMW Group, to form a new joint venture called Critical TechWorks. The agreement, which is subject to examination and approval from the relevant … Read the full press release

SUEZ NWS and Cleanaway won the Dafa hazardous waste treatment facility contract in Kaohsiung, Taiwan

PARIS, 14-May-2018 — /EuropaWire/ — SUEZ NWS and Cleanaway1 won the Dafa hazardous waste treatment facility contract in Kaohsiung, located in south-western Taiwan. The contract provides for the acquisition of the plant by the two partners for €36 million and its … Read the full press release

AXA Investment Managers – Real Assets and Bixby Land Company form joint venture to acquire up to €320 million of logistics properties in the Western U.S

PARIS, 22-Feb-2018 — /EuropaWire/ — AXA Investment Managers – Real Assets (“AXA IM – Real Assets”), a global leader in real asset investments and the largest(1) real estate investment manager in Europe, and Bixby Land Company (“Bixby”), a leading Western U.S. commercial … Read the full press release

ZEISS and Deutsche Telekom expand their partnership for Smart Glasses

The two partners each hold a 50 percent stake in the joint venture that will drive the development of Smart Glasses technology in the areas of optics and connectivity. The goal of the joint venture is to evolve the components … Read the full press release

Allianz Group and Liverpool Victoria Friendly Society (LV=) complete the first stage in the creation of their joint venture and strategic partnership

Acquisition of 49 percent stake in LV=’s UK General Insurance businesses by Allianz Group is now completed Transaction creates third-largest personal insurer in the UK market Allianz to pay another 213 million pounds for a further 20.9 percent stake in … Read the full press release

thyssenkrupp and trade union IG Metall reach agreement for the planned 50/50 joint venture with Tata Steel Europe

thyssenkrupp agrees with employee representatives on conclusion of a collective agreement Collective agreement contains assurances on site and employment continuation and investment Agreement enables thyssenkrupp to implement its strategic and operational goals for the joint venture IG Metall collective bargaining … Read the full press release

Lloyd’s Register and GOSCO joint venture to provide services to the oil and gas sector in Ghana

LONDON, 06-Apr-2017 — /EuropaWire/ — Lloyd’s Register has signed an agreement with GOSCO, to form a joint venture dedicated to providing well project management, well engineering and associated site survey, geotechnical and rig inspection services, in the territorial waters of … Read the full press release

Triton Fund III company DYWIDAG-Systems International (DSI) forms 50/50% joint venture with Jennmar in Jining, China

Jining (China), 24-Jun-2016 — /EuropaWire/ — DYWIDAG-Systems International (DSI), a Triton Fund III company, now holds 50 % of the shares in JM Jining, a producer of ground support products. The transaction is a joint venture with Jennmar, which holds the … Read the full press release

Fincantieri and Rosneft form joint venture focused on design and engineering of a new type of vessel

TRIESTE, 21-Jun-2016 — /EuropaWire/ — A joint venture has been signed for the design of a new type of vessel Fincantieri and Rosneft, during the 20th St. Petersburg International Economic Forum, signed a Heads of Agreement for the formation of a … Read the full press release

Euler Hermes and MAPFRE’s trade credit insurance joint venture Solunion formally commenced operations in Uruguay

MADRID, 7-5-2015 — /EuropaWire/ — Solunion, the trade credit insurance joint venture created by Euler Hermes and MAPFRE, has formally commenced operations in Uruguay, offering local companies solutions and services designed to develop their business securely, providing access to its international risk … Read the full press release

Magneti Marelli forms Joint Venture in India with Hero MotoCorp for powertrain systems production for the two-wheeler market

Milan, Italy / New Delhi, India, 09-12-2013 — /EuropaWire/ — Magneti Marelli S.p.A. and Hero MotoCorp Ltd. have signed a Joint Venture agreement aimed at the production of powertrain systems for the two-wheeler market. According to this agreement, Hero MotoCorp will hold … Read the full press release

Volvo Group and Eicher Motors Ltd joint-venture introduced new range of trucks and buses developed specifically for India

Gothenburg, Sweden, 06-12-2013 — /EuropaWire/ — On December 2, VE Commercial Vehicles Ltd (VECV), a joint-venture between the Volvo Group and Eicher Motors Ltd, launched the Pro Series, a new range of trucks and buses developed specifically for India and other selected … Read the full press release