AMSTERDAM: ArcelorMittal, the world’s leading integrated steel and mining company, today announced its financial and operational results for the year 2023, highlighting its resilience and performance amid a challenging market environment. The Company posted an EBITDA of $7.6 billion and a net income of $0.9 billion for the year, reflecting structural improvements to profitability and…
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Abivax appoints Ana Sharma as Vice President, Global Head of Quality
PARIS, FRANCE: Abivax SA, a clinical-stage biotechnology company focused on developing therapeutics that harness the body’s natural regulatory mechanisms to stabilize the immune response in patients with chronic inflammatory diseases, today announced the appointment of Ana Sharma as Vice President, Global Head of Quality. Ms. Ana Sharma brings over 20 years of experience in the…
Otovo and Meyer Burger join forces to offer European solar modules
OSLO, NORWAY: Otovo, Europe’s leading marketplace for solar installations, today announced the launch of a partnership with Swiss solar module manufacturer Meyer Burger Technology Ltd, starting in February. This collaboration underlines the joint commitment to building a more resilient and sustainable energy infrastructure in Europe. As part of this initiative, Meyer Burger’s high-quality solar products…
BearingPoint breaks €1 billion in revenue and expands globally
AMSTERDAM: BearingPoint, a management and technology consultancy, achieved a record revenue of €1.017 billion in 2023, an 18% increase from the previous year. The firm also grew its bookings by 21% and delivered more than 1,800 projects in 32 countries. To support its growth, BearingPoint hired more than 900 people in 2023, bringing its total…
Dassault Systèmes and Assystem join forces to boost advanced modular reactor projects
PARIS, FRANCE: Dassault Systèmes, a leader in virtual twin technologies, and Assystem, a global engineering and project management company, have announced a strategic partnership to support the development of advanced modular nuclear reactors. These reactors are designed to produce clean, safe and reliable energy for various applications. The partnership will leverage the 3DEXPERIENCE platform by…
Envipco appoints new Chief Strategy and IR Officer
AMSTERDAM: Envipco Holding N.V., a leading provider of reverse vending solutions, has announced the appointment of Mikael Clement as its new Chief Strategy and IR Officer (CSO). The CSO role is a newly created position that will strengthen the Company’s corporate management and executive leadership. Mikael Clement will be in charge of defining and executing…
Valneva SE has sold Priority Review Voucher for €95 million
PARIS, FRANCE: Valneva SE, a company that specializes in vaccines, has sold a PRV (Priority Review Voucher) received from the U.S. FDA (Food and Drug Administration) for €95 million ($103 million). The PRV was given to Valneva in November 20231 after the U.S. FDA approved its chikungunya vaccine, IXCHIQ®, which is the first of its…
Societe Generale to cut 900 jobs at its head office in France
PARIS, FRANCE: Societe Generale is planning to reorganise its French head office to make its operations more efficient and simple. The bank is seeking feedback from its staff representatives on this project, which would help it achieve more savings. The reorganisation, which is expected to be completed by the second quarter of 2024, would lead…
The Azur Selection acquires three hotels in Cannes, France
PARIS: The Azur Selection, a leading Greek hotel company, has announced its entry into the French market by acquiring three prestigious hotels in Cannes from Hôtels Du Groupe Boucau. The deal, financed by a bank loan, reflects the company’s ambition to expand beyond Greece and offer unparalleled experiences to its guests. Mr. Georges Arvanitakis, Chairman…
Sanofi reports strong sales and earnings growth in 2023, driven by new products and pipeline
PARIS, FRANCE: Sanofi, a global leader in healthcare, announced today its financial results for the year 2023, showing a 5.3% increase in sales and a 5.4% increase in business earnings per share (EPS) at constant exchange rates (CER). The company attributed its solid performance to the successful launches and growth of its specialty care products,…
ING reports record profits in 2023 despite challenging year
AMSTERDAM: ING, one of the largest banks in Europe, announced its financial results for the fourth quarter and the full year of 2023, showing strong performance across its retail and wholesale banking segments. The bank posted a net result of €1,558 million for the fourth quarter, up 31% from the same period in 2022, and…
TotalEnergies buys 50% stake in Malaysian gas producer, SapuraOMV, for $903 million
PARIS, FRANCE: TotalEnergies, a French energy giant, has agreed to acquire a 50% stake in SapuraOMV, a Malaysian gas producer and operator, for $903 million. The deal includes the transfer of a $350 million loan from OMV, an Austrian oil and gas company, to SapuraOMV. The acquisition will give TotalEnergies access to SapuraOMV’s main assets…