Biontech to close three factories in Germany – 1,800 employees affected – Bild
German pharmaceutical company Biontech will close its facilities in Tübingen, Marburg and Idar-Oberstein after failing to find buyers. Around 1,800 employees are affected, Bild reports. According to the company, the attempts to sell the facilities have been hampered by market and investment conditions. The facility in Tübingen will be closed at the end of 2027, […]
Elisa restructures international software business
Finnish telecom operator Elisa is initiating a renewal of the operating model for its international software business Elisa Industriq. The aim is to achieve efficiencies and a significant improvement in profitability. The business is planned to be divided into two business areas: manufacturing and critical infrastructure. The change covers all countries where Elisa Industriq operates, […]
Monivent calls second control meeting for 15 October
The shareholders of medical technology company Monivent are called to an extraordinary general meeting, also serving as a second control meeting, on 15 October in Gothenburg. At an extraordinary general meeting, also serving as the first control meeting, on 18 May, the shareholders resolved that the company’s operations should continue. Under the Swedish Companies Act, […]
S-Bank’s offer for Oma Säästöpankki accepted by owners of 96.6 percent of the shares
S-Bank’s recommended cash offer for Oma Säästöpankki has been preliminarily accepted by owners of 32.1 million shares. This corresponds to approximately 96.58 percent of all outstanding shares and votes, excluding treasury shares. The offer period expired on 25 September. The final result is expected to be announced around 30 September. If the acceptance level remains […]
French Unions Call Strike Ahead of Budget
French trade unions have called on public-sector employees to strike on Tuesday to put pressure on the government ahead of the presentation of the 2027 budget proposal. Bloomberg reports this. Prime Minister Sébastien Lecornu has announced €54 billion in budget tightening measures to reduce the deficit, which has raised concerns among the unions. The government […]
Fingrid raises transmission network fees by 4 percent
Fingrid raises transmission network fees by 4 percent from the beginning of 2027. The increase is attributed to an extensive investment program and higher costs as the electricity system is expanded. Fingrid states that network investments to date have enabled the connection of more than 13,000 megawatts of clean power generation, while agreements have been […]
Nvidia expands share buyback programme by USD 150 billion
The board of US chip giant Nvidia has approved an expansion of the company’s existing share buyback programme by USD 150 billion. This brings the total remaining authorised amount under the programme to USD 235 billion. According to the company, the expansion is the largest authorised increase to a share buyback programme to date. Nvidia […]
BofA: Swedish recovery on the right track – tougher competition for Nordic banks
The Swedish recovery is clearly on the right track and Nordic banks are benefiting from a stronger macroeconomic environment, according to BofA. At the same time, Swedish mortgage margins are under pressure and competition in corporate lending is intensifying, with Danske Bank and Nordea singled out as winners. Credit quality remains a slight concern in […]
Fasadgruppen considers SEK 1.25 billion bond issue
Fasadgruppen has mandated Nordea to arrange meetings with bond investors to explore the possibility of issuing senior secured bonds. The issue is expected to amount to SEK 1,250 million, have a four-year maturity and be carried out under a SEK 2,500 million framework, subject to market conditions. The net proceeds will be used to refinance […]
Fasadgruppen considering SEK 1.25 billion bond issue
Fasadgruppen considering SEK 1.25 billion bond issue
