(IN BRIEF) The European Investment Fund (EIF) has committed €15 million from the Baltic Innovation Fund II to Merito Partners’ ‘Merito Baltic Opportunities I AIF,’ marking its first institutional investment in the fund. Aiming to raise €100 million, the fund … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, News, Small Business
Tagged Andris Kotāns, Audrius Mozūras, Baltic region, EIF, Latvia, Lithuania, Marjut Falkstedt, Merito Partners’, Mikus Janvars, partnership, SME, sustainability
(IN BRIEF) The European Investment Bank (EIB) is lending €400 million to Czech energy provider ČEZ to modernize and expand the country’s electricity distribution grid, enabling the integration of up to 5.5 gigawatts of renewable energy. The project, aligned with … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged ČEZ, Czech Republic, EIB, energy infrastructure, green transition, Kyriacos Kakouris, Martin Novák, partnership, sustainability
(IN BRIEF) Nationwide has partnered with Experian to integrate its Work Report™ service, becoming the first major UK lender to automate income verification for mortgage applicants. This eliminates the need for manual proofs like payslips, enabling instant validation of income … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged Ben Robbins, Experian, Henry Jordan, Mortgage Applications, Nationwide, partnership, Paul Speirs, Work Report™
(IN BRIEF) BT Group has secured a £1.29bn contract with the Home Office to provide mobile services for the Emergency Services Network (ESN) over 7.25 years, with an option for a one-year extension. The ESN, built on EE’s award-winning 4G … Read the full press release
(IN BRIEF) Holcim has agreed to sell its 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd for an equity value of USD 1 billion. The transaction, aimed at streamlining Holcim’s portfolio, is expected to close in 2025, pending … Read the full press release
(IN BRIEF) ZF Automotive Technologies (Shanghai) Co., Ltd., a subsidiary of ZF Group, has signed an agreement with the Shanghai Anting Economic Development Center for the second phase of expanding its electronic power steering (EPS) production in China. Following a … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged CHINA, EPS Production Capacity, partnership, sustainability, ZF
(IN BRIEF) Saint-Gobain has completed the sale of its PAM Building subsidiary, a producer of sanitary and rainwater drainage solutions, to the French investment fund Aldebaran, with Bpifrance holding a minority stake. The divestment, which includes production facilities in France … Read the full press release
Posted in Business, Construction, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged acquisition, Aldebaran, Bpifrance, PAM Building, partnership, Saint-Gobain, sustainability, UK
(IN BRIEF) Starting December 3, 2024, Morrisons will offer a 25% discount every Tuesday at all its Cafés for farmers, aiming to foster community and support within the farming industry. The initiative, called ‘Tractor Tuesdays,’ encourages farmers to gather, share … Read the full press release
Posted in Agriculture, Business, Environment, Financial, Food & Beverage, Industrial, Investment, Management, News, Retail, United Kingdom
Tagged 25% Discount, Andy and Lynda Eadon, cafes, farmers, Len’s Light, Morrisons, partnership, Sophie Throup, sustainability, UK, ‘Tractor Tuesdays’
(IN BRIEF) SGS celebrates 20 years of leadership in maritime environmental services, supporting shipowners, port operators, and coastal managers in over 600 ports globally. The company’s journey began with Dr. Vladimiro Bonamin and Robert Goldring, who introduced maritime environmental services … Read the full press release
(IN BRIEF) EQT Exeter has sold a portfolio of 12 student housing assets across nine cities in Spain to Azora, marking a key step in the Spanish student accommodation market. The portfolio, which has grown from 1,500 to 4,100 beds … Read the full press release
Posted in Business, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Real Estate, Spain, Sweden, United Kingdom
Tagged acquisition, Azora, Carlos Molero Sánchez de la Blanca, EQT Exeter, José Alonso, partnership, Spain, student housing, sustainability, Tom Livelli
(IN BRIEF) Valio has partnered with Denps to create Denmark Protein Story, a premium protein supplement for Korea’s health-conscious market, featuring Valio’s lactose-free ingredient, Valio Eila® MPC 65. This high-protein milk concentrate makes up 40% of the product, offering both … Read the full press release
Posted in Business, Denmark, Environment, Financial, Finland, Food & Beverage, Government, Healthcare, Industrial, Investment, Management, Marketing, News
Tagged Denmark, Denps, Hanwhi Paek, Health-Conscious Market, KOREA, partnership, Protein Supplement, Sari Vahla, sustainability, Valio
(IN BRIEF) Centrica’s Rough gas storage facility in the UK has played a vital role in meeting the country’s energy needs during the November 2024 cold snap, pumping 4.35 Bcf of gas into the National Transmission System, powering up to … Read the full press release
(IN BRIEF) Rheinmetall and the Lithuanian government have begun construction of a new €180 million ammunition production facility in Baisogala, Lithuania, which will manufacture tens of thousands of 155mm artillery shells annually. The plant, set to start operations in mid-2026, … Read the full press release
Posted in Business, Construction, Defence, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Security & Safety, Technology
Tagged Ammunition Production Plant, Armin Papperger, Aušrinė Armonaite, construction, Ingrida Šimonytė, Laurynas Kasčiūnas, Lithuania, partnership, Rheinmetall
(IN BRIEF) Intesa Sanpaolo has announced its 2030 decarbonization targets for four high-emission sectors: Residential Real Estate, Agribusiness-Primary Farming, Cement, and Aluminium, completing its commitment to the Net Zero Banking Alliance (NZBA). The new targets, which build on previous objectives … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Technology
Tagged 2030 Decarbonization, Agribusiness-Primary Farming, aluminium, Cement, High-Emission Sectors, Intesa Sanpaolo, Paola Angeletti, partnership, residential real estate, sustainability
(IN BRIEF) The European Investment Bank (EIB) and Naturgy have signed the first €400 million tranche of a €1 billion loan to expand renewable energy capacity in Spain. The funding will support the creation of new solar and onshore wind … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged EIB, Francisco Reynés, Jean-Christophe Laloux, Naturgy, partnership, renewable energy, Spain, sustainability
(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in loans to Komerční banka and SG Equipment Finance Czech Republic (SGEF) to support small and medium-sized enterprises (SMEs) and Mid-Cap companies in the Czech Republic and Slovakia. The … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, News, Slovakia, Small Business, Technology
Tagged Czech Republic, David Formánek, economic growth, EIB, INNOVATION, Komerční banka, Kyriacos Kakouris, partnership, Petr Němec, Slovakia, SMEs, Sóciété Générale Equipment Finance Czech Republic, sustainability
(IN BRIEF) Webuild played a key role in the newly inaugurated Riyadh Metro, contributing to the development of its longest line, the Orange line (Line 3), part of a 176-kilometer automated network supporting Saudi Arabia’s Vision 2030. The metro improves … Read the full press release
(IN BRIEF) Vestas has secured a firm order to supply 60 V236-15.0 MW wind turbines for RWE’s Nordseecluster B offshore wind project in the German North Sea. This 900 MW project forms the second phase of the 1.56 GW Nordseecluster, … Read the full press release
(IN BRIEF) Wienerberger has opened a modernized brick plant in Uttendorf, Austria, featuring the world’s largest industrial electric kiln, powered by green energy sources like its photovoltaic system. The facility reduces production emissions by 90% and energy consumption by one-third. … Read the full press release
(IN BRIEF) Landsvirkjun, Iceland’s state-owned energy provider, has partnered with ENERCON to construct the country’s first large-scale wind farm. The project will feature 28 E-138 EP3 turbines, generating 120 MW of capacity across 17 square kilometers in Búrfell, south of … Read the full press release
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