Euro Financial Review

UBS, the world’s largest wealth manager, said it has launched UBS Next, a $200 million portfolio that targets investments in fintech and the “broader tech…

German chemicals giant Bayer AG said on Monday it agreed to acquire US biotech company Asklepios BioPharmaceutical Inc. (AskBio) for as much as $4 billion in…

Bilbao-based renewable energy giant Iberdrola said on Wednesday its US business Avangrid Inc. agreed to agreed to buy PNM Resources Inc. of New Mexico for…

By Mark McSherry There was record demand on Tuesday for the European Union’s first coronavirus-related bonds. The sale of €17 billion of 10-year and 20-year…

The European Commission said on Tuesday it is launching “infringement procedures” against Cyprus and Malta by issuing “letters of formal notice” regarding their investor citizenship…

Finland’s Nokia said it has been selected by NASA to build the first cellular network on the moon. “Nokia Bell Labs’ pioneering innovations will be…

€1 billion in new financial resources will be made available to Italy’s small and medium-sized enterprises (SMEs) and mid-caps thanks to an agreement between the European…

UK-listed SDCL Energy Efficiency Income Trust plc (SEEIT) said it agreed to acquire Värtan Gas Stockholm AB (VGSAB) in a deal that involves an equity…

Sanjeev Gupta’s Liberty Steel Group, part of the UK-based GFG Alliance, said on Friday it has made a non-binding indicative offer (NBIO) to acquire the steel…

Ryanair said on Thursday it will cut its planned winter capacity down to 40% of last year due to a wave of travel restrictions imposed…

Enel Finance International N.V. (EFI), the Dutch-registered finance company controlled by Italy’s Enel, Europe’s biggest utility, successfully launched a single-tranche “sustainability-linked bond” for institutional investors…

INWIT (Italian Wireless Infrastructures) said it successfully concluded its second bond issue for a total of €750 million — with market demand exceeding four times the…

Germany’s Energie Baden-Württemberg AG (EnBW) said it issued a senior bond with a principal amount of €500 million. The bond issue has a 10-year term…

The European Investment Bank (EIB) has approved €5.1 billion of new financing to support investment by companies most impacted by COVID-19, “alongside backing clean energy,…

A World Trade Organization (WTO) ruling on Tuesday gave the European Union the right to impose tariffs on $4 billion of US goods in retaliation…

Shares of Poland-based ecommerce platform Allegro soared more than 50% on their debut on the Warsaw stock exchange on Monday to give the firm a…

London Stock Exchange Group plc (LSEG) said on Friday it agreed to sell Borsa Italiana to Euronext NV and two Italian lenders for more than…

Denmark’s Danske Bank said on Thursday it will cut up to 1,600 jobs in the next year as part of a cost reduction programme that…

The International Finance Corporation (IFC), a member of the World Bank Group, said it issued its largest-ever pound sterling benchmark bond, raising £1 billion to…

The European Commission said on Wednesday its SURE unemployment scheme, one of the coronavirus recovery plans for EU member states, would be financed in full…

Swedish telecoms giant Telia Company AB said it agreed to sell its international carrier business Telia Carrier to pension fund Polhem Infra in a deal worth about 9.45…

Japan’s NEC Corp said on Monday it will buy unlisted Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion). NEC…

The European Central Bank (ECB) on Friday took a step closer to issuing a digital version of the euro currency. The ECB said it published…

The latest EY Financial Services Brexit Tracker shows financial services firms have continued to move staff out of the UK ahead of Brexit deadline, with…

Volvo Cars said on Wednesday it successfully placed its first green bond, “raising €500 million from a diverse group of institutional investors and further increasing…

Poland-based e-commerce platform Allegro raised about 9.2 billion zloty ($2.3 billion) in Warsaw’s largest-ever IPO after selling more stock than anticipated on Tuesday, Bloomberg reported….

Germany’s Commerzbank has poached a senior executive from larger rival Deutsche Bank to be its new chief executive after months of turmoil. Commerzbank appointed Manfred…

The eurozone economy has recovered faster than expected from the first wave of COVID-19 but the next stage of the recovery could be more challenging,…

AIB said on Wednesday it has become the first Irish bank to complete a green bond issuance.  “The €1bn proceeds from the green bond will…

JPMorgan Chase & Co is moving about €200 billion of assets from the UK to Germany as a result of the UK’s exit from the…

Deutsche Bank is planning to close 20% of its branches in Germany, according to a Reuters report. Philipp Gossow, a Deutsche Bank executive who oversees…

French telecoms group Iliad said on Monday it plans to acquire Polish mobile provider Play in a €3.5 billion deal. Iliad, controlled by French tycoon Xavier Niel, said…

Airbus on Monday revealed three concepts for the world’s first zero-emission commercial aircraft which it said could enter service by 2035. All three concepts rely…

Sweden’s Ericsson has agreed to buy US-based wireless networking company Cradlepoint in a $1.1 billion cash deal as part of plans to expand its 5G-related…

London Stock Exchange Group (LSEG) said on Friday it has entered exclusive talks to sell Borsa Italiana — owner of the Milan stock exchange —…

Caixabank has agreed to buy Bankia for €4.3 billion in an all-share deal that creates Spain’s biggest domestic lender and points to long-awaited consolidation in…

The European Central Bank on Thursday gave banks in the euro zone relief worth an estimated €73 billion from a crucial capital requirement in a…

Irish insulation maker Kingspan Group said on Wednesday it raised €750 million from a so-called green private placement. A green placement refers to a type…

Volkswagen Group said on Wednesday it sold its first green bonds with a volume of €2 billion. The bonds, denominated in euros, have terms of…

German freight startup Sennder said on Wednesday it has acquired Uber’s European freight business in an all-stock transaction. Uber will acquire a minority stake in…