IPO activity at its lowest in Europe since the global financial crisis
Association for Financial Markets in Europe has released its latest Equity Primary Markets and Trading Report
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EIB commits €315m to 5G across five European countries
The European Investment Bank (EIB) has signed a €315m loan agreement with Spanish telecommunications firm Cellnex to support 5G rollouts in France, Italy, Poland, Portugal and Spain. According to Cellnex, the loan will mobilise total investment of €631m to improve and expand the coverage and capacity of very high bandwidth mobile network infrastructure in these…
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European Council gives final approval on Chips Act
The ‘Chips Act’, aimed at boosting Europe’s semiconductor industry, has received the green light from The European Council. The Act, about which Expert Investor has written extensively over the last year, will seek to help develop a European industrial base in the field of semiconductors, attract investment, promote research and innovation, and prepare the continent…
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Goldman Sachs AM enters burgeoning ELTIF market
The firm said the fund will provide access to direct private market investments
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Siemens to invest €1bn in Germany, eyes Nuremberg as tech hub
Focused on growing a ‘Technology Campus’
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Inflation rises in Germany, but falls across Europe as a whole
The Destatis agency said German CPI reached 6.4 per cent in June
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European asset managers struggle to meet board diversity targets
Boardrooms have ‘visibly evolved’, according to EY Investors Boardroom Monitor, but half of groups yet to achieve 40% female representation on boards Almost half (47%) of Europe’s asset and wealth managers are yet to reach the 40% female representation on boards target required by the European Women on Boards Directive, according to the latest EY…
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InvestEU unlocks €350m in potential funding
The European Commission (EC) and the European Investment Bank (EIB) have launched a €100m top-up for the InvestEU programme. Announced this week by the EC, the new project will be known as HERA Invest and will work to support research and development – focusing especially on health emergency prevention and preparedness. The instrument is geared…
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Estonia easiest emerging Europe country to invest in
Estonia has been identified as one of the easiest countries for investors to do business in by the Investment Promotion Report 2023. The report, published by Emerging Europe, picked out several factors for this conclusion, including the nation’s ease with electronic systems and infrastructure. “Estonia stands out as a frontrunner, saving an impressive amount of…
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Largest European IPO takes place in Romania
Europe’s largest IPO of 2023 was confirmed this week when Romanian electricity producer Hidroelectrica began trading in Bucharest. The firm’s capitalisation has been pegged at more than €10bn, with its stock rising nearly 11% on the first day of trading. According to Balkan Green Energy News: “After several failed attempts over the past decade, Romania’s…
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Europe optimistic on net zero by 2050, not 2030
In a surprising twist, European investors seem less optimistic than their peers around the world in their businesses meeting net-zero obligations by 2030. ESG Analyst Survey 2023: Mind the Gap, a report from Fidelity International, asked respondents what proportion of their companies they believed were allocating enough capital expenditure to achieve net zero by 2030,…
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Europe’s economy tightens amid signs of recession
Financial conditions have “tightened further” in recent months – especially in Europe – according to the latest quarterly outlook report from Robeco. In Stuck Between a Rock and a Hard Place, the Dutch asset manager stated it had also seen “further tightening” in lending standards, which it added had arisen from the rapid rise in…