Euro Financial Review

The European Commission said on Tuesday that the EU has reached a “crucial milestone” with 70% of the adult population now fully vaccinated. In total,…

Alphabet’s online search giant Google said on Tuesday it would invest €1 billion in Germany through 2030 to expand its datacenter operations and secure renewable…

German media giant Axel Springer announced it signed an agreement to acquire Politico, including the remaining 50% share of its current joint venture Politico Europe,…

Goldman Sachs said on Thursday it will buy Dutch insurer NN Group’s asset management business NN Investment Partners (NNIP) for around €1.6 billion in cash. The…

Global debt rating agency Moody’s Investors Service has affirmed the Government of Ireland’s long-term issuer rating of A2 and changed the outlook to positive from…

Munich-based Zooplus, one of Europe’s largest online pet supplies retailers, announced it received a €3 billion cash takeover offer from US private equity firm Hellman…

Germany’s Adidas has agreed to sell Boston-based Reebok to Authentic Brands Group (ABG) for up to €2.1 billion, with the majority paid in cash at…

German chemicals and pharmaceuticals giant Bayer AG announced it acquired US-based biopharmaceuticals company Vividion Therapeutics for up to $2 billion. “Vividion’s platform is able to produce…

The International Monetary Fund (IMF) announced its board of governors approved a $650 billion allocation of IMF Special Drawing Rights to boost global liquidity. IMF…

The European Commission announced it has opened an in-depth investigation to assess the proposed acquisition of Kustomer by Facebook under the EU Merger Regulation. The…

By Mark McSherry Amazon.com Inc has been hit with a record €746 million European Union fine amid allegations that the company’s processing of personal data did not…

Stellantis, the Netherlands based carmaker formed from the merger of Fiat Chrysler (FCA) and Peugeot maker PSA, announced it has signed a new syndicated revolving credit…

Bank of Ireland said on Thursday it has agreed to buy most of stockbrokers J&E Davy for an enterprise value of €440 million. The deal comes…

French luxury group LVMH said on Tuesday it agreed to buy a 60% stake in Off-White LLC, the trademark owner of designer Virgil Abloh’s Off-White…

Italian luxury house Ermenegildo Zegna Group and Investindustrial Acquisition Corp. (IIAC), a special purpose acquisition corporation (SPAC), announced an agreement that is expected to make…

The European Commission said on Tuesday it sold a further €10 billion of bonds to support Europe’s recovery from the coronavirus crisis in a third…

By Mark McSherry France’s competition regulator the Autorité de la concurrence has fined Google €500 million for failing to negotiate in good faith with French publishers…

Ryanair has announced a recruitment drive for 2,000 new pilots to crew aircraft deliveries over the next three years as it recovers and rebuilds from the…

The European Commission has fined German carmakers Volkswagen and BMW a total of €875 million for colluding to curb the use of emissions cleaning technology…

Siemens Mobility said it has been awarded $3.4 billion of contracts in the United States to design, manufacture and technically support 73 multi-powered trains for…

Volkswagen’s luxury sportscar unit Porsche AG and Croatian electric supercar maker Rimac Automobili have agreed to set up a joint venture that incorporates Bugatti. The new hypercar…

Three major European truck manufacturers — Volvo Group, Daimler Truck and the Traton Group — have signed a non-binding €500 million agreement to install and operate…

The European Union on Thursday launched it free Digital Covid Certificate system designed to help EU citizens travel more freely across the 27-nation bloc and…

Banks in Norway, Denmark and Finland said on Wednesday they agreed to merge their mobile payment platforms to capitalise on demand for digital wallet offerings…

The European Commission announced it raised €15 billion to help finance Europe’s recovery from the coronavirus crisis in its second NextGenerationEU bond programme transaction. The…

The European Commission announced it has opened an in-depth investigation into International Airlines Group’s (IAG) proposed acquisition of Spain’s Air Europa. “The Commission is concerned…

The European Commission said it has disbursed the first €800 million of payments under NextGenerationEU, the temporary instrument to finance Europe’s recovery after the pandemic….

Visa has agreed to acquire Sweden’s Tink, an open banking platform company that enables financial institutions, fintechs and merchants to build tailored financial management services…

Germany’ federal cabinet on Wednesday approved a draft budget for 2022 that includes new debt of €99.7 billion to finance more Covid-19 measures — taking total…

Danish toymaker Lego Group has has unveiled its first prototype Lego brick made from recycled plastic. The new prototype, which uses PET (polyethylene terephthalate) plastic from…

The Republic of Ireland’s finance minister Paschal Donohoe has announced his intention to sell part of the state’s 13.9% shareholding in Bank of Ireland over…

Geir Karlsen has been appointed the new CEO of Norwegian Air Shuttle ASA, effective immediately, after the company’s board voted to end the 18-month tenure of Jacob…

The European Commission said on Tuesday it has opened a formal antitrust investigation to assess whether Google has violated EU competition rules by favouring its…

Volvo Car Group has announced it intends to establish a joint venture with Swedish battery firm Northvolt to develop and produce more sustainable batteries which…

The EU executive said on Friday that eight of the 10 banks previously excluded from syndicated debt sales backing the European Commission’s Covid-19 recovery fund of…

The Pensions Regulator (TPR) of the UK has announced that French drug company Sanofi has agreed to inject an upfront payment of £37 million into…

The European Union has excluded some of the world’s most powerful investment banks with past involvement in breaches of anti-trust rules from syndicated debt sales…

Berlin-based online spectacles retailer Mister Spex announced that it plans to float on the Frankfurt Stock Exchange in the third quarter of 2021. “The IPO will…

Klarna, the Swedish “buy now and pay later” payments firm, has announced a new equity funding of $639 million. Klarna said the round was led…

Swedish battery maker Northvolt has raised $2.75 billion to expand capacity at the factory it is building in northern Sweden to help satisfy increasing demand…