European fund assets top €31 trillion amid retail push
Assets under management (AuM) in the European fund management industry continued to rise in 2021 and reached an estimated €31.3 trillion at the end of September,…
Assets under management (AuM) in the European fund management industry continued to rise in 2021 and reached an estimated €31.3 trillion at the end of September,…
Northvolt announced that its new gigafactory in Västerås, northern Sweden, has assembled its first lithium-ion battery cell, making it the first European company to design and manufacture…
The European Investment Bank (EIB) announced it has signed a finance agreement with the Ministry of Economy and Finance to create a Fund of Funds…
Norway’s Aker BP is set to become Europe’s largest independent oil producer after agreeing a roughly $14 billion shares and cash deal to take over…
Ireland’s Minister for Finance Paschal Donohoe has announced his intention to sell part of the Irish State’s 71.12% directed shareholding in AIB Group Plc over…
France’s BNP Paribas said it has reached an agreement to sell its San Francisco-based Bank of the West to Bank of Montreal — also known as…
The European Investment Bank (EIB) announced that it estimates its new issuance for 2022 will be €45 billion. The EIB is the long-term lending institution of…
Germany’s Adidas has announced it will launch a multi-year share buyback program. Starting in January 2022, the company plans to buy back shares of up…
Investors in European stocks will have to “navigate a more challenging landscape” in 2022 after a “remarkable year” in 2021 — but big opportunities can still be…
Ireland’s National Treasury Management Agency (NTMA) said it plans to issue €10 billion to €14 billion of bonds over the course of 2022. This represents…
Credit Suisse Group announced a number of appointments to its executive board — including the return of Francesco De Ferrari to the group as CEO of…
Switzerland’s Nestlé SA announced it will cut its stake in L’Oréal from 23.3% to to 20.1% by selling shares worth €8.9 billion back to the…
ARA Europe, through its platform ARA Dunedin, has completed its acquisition of the European real estate investment management business of InfraRed Capital Partners. The transferred…
The European Commission announced it will allocate €920.4 million to Ireland from its Brexit Adjustment Reserve. The Commission said Ireland is the biggest beneficiary of…
German insurance and asset management giant Allianz said on Friday its Allianz Life subsidiary is entering into a reinsurance agreement with affiliates of Sixth Street, including…
By Mark McSherry The European Commission announced it has fined UBS, Barclays, RBS, HSBC and Credit Suisse a total of €344 million “for participating in…
Airbus said on Wednesday that ITA Airways, Italy’s new national carrier, has firmed up an order with for 28 aircraft including seven A220s, 11 A320neos…
Sweden’s Ericsson said it has agreed to buy New Jersey-based cloud communications giant Vonage for $21 per share or $6.2 billion in cash to “expand its…
Dublin-based Ryanair on Friday announced it will cancel its listing on the London Stock Exchange as it moves to comply with EU ownership rules following Brexit. Ryanair…
Investment manager Nuveen Real Estate has partnered with Eagle Street Partners and Australian pension fund HESTA to acquire its first Dublin build to rent (BTR)…
By Mark McSherry Alphabet’s Google has lost an appeal against a €2.42 billion fine from the European Commission over competition concerns. EU Competition Commissioner Margrethe Vestager…
The government of Ireland on Friday extended the sell down of its shares in Bank of Ireland by four months to May 2022, after raising…
Basel, Switzerland-based pharmaceuticals giant Novartis has agreed to sell its stake in Roche back to its cross-town rival for $20.7 billion — bringing a 20-year…
Real estate investor Round Hill Capital announced a new joint venture with Canada Pension Plan Investment Board (CPP Investments) which is targeting assets in excess…
Dublin-based Ryanair said on Monday it is considering delisting from the London Stock Exchange in the coming months due to a fall in trading volumes there…
Shares of Volvo Cars soared on their Nasdaq Stockholm stock market debut on Friday after the firm completed one of Europe’s biggest IPOs of the…
The European Central Bank (ECB) said on Thursday its governing council continues to judge that favourable financing conditions can be maintained with “a moderately lower…
Dutch pension fund ABP has announced it will divest €15 billion of investments in fossil fuel producers — oil, gas and coal — by 2023….
The Commodity Futures Trading Commission (CFTC) announced an award of nearly $200 million to a whistleblower whose information “significantly contributed to an already open investigation…
Sweden’s financial regulator Finansinspektionen (FI) said Danske Bank “has not sufficiently assessed the risk of how the bank’s products and services in Sweden may be used…
The European Commission has sold the first NextGenerationEU green bond, raising €12 billion to be used exclusively for green and sustainable investments across the EU….
Ireland has finally dropped its opposition to the OECD overhaul of global corporate tax rules and has agreed to give up its low 12.5% tax…
The government of Ireland has outlined its €165 billion National Development Plan 2021-2030, the largest such capital plan ever delivered in the history of the…
Chipmaker Qualcomm and SSW Partners, a recently formed New York private equity firm, announced they have agreed to acquire Swedish automotive technology group Veoneer for…
Volvo Cars has announced its intention to launch an initial public offering (IPO) and to list its class B shares on Nasdaq Stockholm, with some…
Dutch investment manager Robeco, which manages €200 billion of assets, has appointed Karin van Baardwijk as chief executive from January 1, 2022. She will succeed…
New data from Savills Ireland shows that Dublin office take-up “responded strongly” in the third quarter of 2021 after a cautious first half of the…
SoftBank-backed Norwegian warehouse robotics group AutoStore announced it will seek to raise $315 million via an initial public offering (IPO) on the Oslo Bourse next…
Bank of Ireland’s chief executive Francesca McDonagh has blamed government restrictions on bankers’ pay and bonuses in Ireland for the announcement that chief financial officer Myles…
Swedish electric car maker Polestar announced it will go public by merging with a special purpose acquisition company (SPAC) backed by billionaire Alec Gores and…