EIB approves €10.8bn for green energy and business
The board of directors of the European Investment Bank (EIB) said it has backed €10.8 billion of new financing “to support renewable energy, restore degraded…
August 2024
Northvolt moves R&D from California to Sweden
Swedish company Northvolt announced a decision to move development of its next-generation lithium-metal battery technology from California to its R&D campus, Northvolt Labs, in Västerås,…
EU approves €5bn German support for microchip plant
The European Commission said it has approved, under EU State aid rules, a €5 billion German measure to support European Semiconductor Manufacturing Company (ESMC) in the…
EU states and UK sell €1 trillion bonds in first quarter
EU member countries and the UK issued €1.019 trillion in bonds and bills throughout the first quarter of 2024, an increase of 7.4% on Q1…
Balderton raises $1.3bn for European tech startups
Technology venture capital firm Balderton Capital has announced $1.3 billion in new funds to back European entrepreneurs. Balderton announced its $615 million Early Stage Fund IX…
European fund assets rise to €15.382 trillion – Lipper
Assets under management in the European fund industry increased from €14.371 trillion at December 30, 2023, to €15.382 trillion at the end of June 2024,…
SocGen to sell €900m wealth management units to UBP
French bank Societe Generale has agreed to sell its wealth management units in the UK and Switzerland to Switzerland’s Union Bancaire Privée (UBP) for about €900 million. The…
BNP Paribas in talks for €850bn-asset AXA IM
French banking giant BNP Paribas Group announced it has entered into exclusive negotiations with French insurance major AXA to acquire AXA Investment Managers (AXA IM) —…