Countries in Europe

Nassau Financial Group Announces $100 Million Strategic Investment from Wilton Re and Stone Point Credit

Retrieved on: 
Monday, January 11, 2021
Banking, Professional services, Insurance, Finance, States of the Confederation of the Rhine, States of the German Confederation, Duchy of Nassau, Taunus, County of Nassau, Nassau, Subdivisions of Germany, Geography of Germany, Countries in Europe

Nassau Financial Group (Nassau) announced it has received an initial strategic investment of $100 million from Wilton Reassurance Company (Wilton Re) and Stone Point Credit (Stone Point).

Key Points: 
  • Nassau Financial Group (Nassau) announced it has received an initial strategic investment of $100 million from Wilton Reassurance Company (Wilton Re) and Stone Point Credit (Stone Point).
  • Nassau was founded in 2015 with an initial capital commitment along with subsequent growth capital provided by Golden Gate Capital.
  • Nassau Financial Group, based in Hartford, Conn., has combined assets of $26.9 billion, capital of $1.1 billion and annual sales of approximately $600 million.
  • Its business covers four segments: insurance, reinsurance, distribution and asset management with principal subsidiaries including Nassau Life and Annuity, Nassau Re Cayman, Saybrus Partners, Nassau CorAmerica and Nassau Corporate Credit.

AGRO Merchants Group to open a Border Inspection Point at its Valencia coldstore

Retrieved on: 
Monday, September 21, 2020
AGRO, Economy of Ukraine, Science and technology in Ukraine, AGRO, Valencia, Cision, Economies, Countries in Europe

VALENCIA, Spain, Sept. 21, 2020 /PRNewswire-PRWeb/ -- AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced plans to open a Border Inspection Point (BIP) at its Valencia coldstore.

Key Points: 
  • VALENCIA, Spain, Sept. 21, 2020 /PRNewswire-PRWeb/ -- AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced plans to open a Border Inspection Point (BIP) at its Valencia coldstore.
  • "This is a significant achievement for AGRO that involved the contributions of many individuals throughout the organization," said Ral Fors Valls, Managing Director of AGRO Merchants Iberia.
  • Juan Jose Tobarra, General Manager of AGRO Merchants Valencia, commented, "This project presents great new opportunities for our Valencia operations.
  • AGRO Merchants Group is the 4th largest and most international cold storage operator in the world, with 66 facilities in 11 countries across Europe, North America, Latin America and Asia Pacific.

Addex Reports Q1 2020 Financial Results and Provides Corporate Update

Retrieved on: 
Wednesday, May 20, 2020
Economy of Switzerland, Swiss franc, SWITZERLAND, Countries in Europe, Economy

Income increased by CHF 0.3 million to CHF 1.0 million in Q1 2020 compared to CHF 0.7 million in Q1 2019, primarily due to funding from Indivior under our GABAB PAM parrtnership.

Key Points: 
  • Income increased by CHF 0.3 million to CHF 1.0 million in Q1 2020 compared to CHF 0.7 million in Q1 2019, primarily due to funding from Indivior under our GABAB PAM parrtnership.
  • Research and development expenses increased by CHF 1.1 million to CHF 3.6 million in Q1 2020 compared to CHF 2.5 million in Q1 2019, mainly due to an increase in outsourced development costs related to our dipraglurant PD-LID program.
  • The net loss for Q1 2020 was CHF 4.3 million compared to CHF 3.0 million for Q1 2019.
  • Basic and diluted loss per share increased to CHF 0.16 for Q1 2020, compared to CHF 0.12 for Q1 2019.

Addex Reports 2019 Full Year Audited Results and Provides Corporate Update

Retrieved on: 
Wednesday, April 8, 2020
Economy of Switzerland, Swiss franc, SWITZERLAND, Countries in Europe, Economy

The net loss for 2019 was CHF 14.8 million compared to CHF 1.6 million for 2018.

Key Points: 
  • The net loss for 2019 was CHF 14.8 million compared to CHF 1.6 million for 2018.
  • Basic and diluted loss per share increased to CHF 0.56 for 2019, compared to CHF 0.07 for 2018.
  • Cash and cash equivalentsamounted to CHF 31.5 million at December 31, 2019 compared to CHF 41.7 million at December 31, 2018.
  • A conference call will be held today,April 8, 2020, at 16:00 CEST (15:00 BST / 10:00 ET)to review the financial results.

Kuros Biosciences Reports Results for the Full Year 2019

Retrieved on: 
Thursday, March 26, 2020
Economy of Switzerland, Swiss franc, SWITZERLAND, Countries in Europe

Joost de Bruijn, Chief Executive Officer, said: Kuros Biosciences has made significant progress on all fronts in 2019, making this a transformational year for our company as we pursue our new strategy.

Key Points: 
  • Joost de Bruijn, Chief Executive Officer, said: Kuros Biosciences has made significant progress on all fronts in 2019, making this a transformational year for our company as we pursue our new strategy.
  • Research and development costs decreased from CHF 6.9 million in 2018 to CHF 6.5 million in 2019.
  • Due to increased commercialization activities, Kuros increased its sales and marketing costs from CHF 0.3 million in 2018 to CHF 2.3 million in 2019.
  • The net loss for 2019 amounted to CHF 11.3 million, compared to CHF 11.7 million in 2018.

SEAJETS' WorldChampion JET Wins the "Ship of the Year 2019" at the Lloyd's List Greek Shipping Awards 2019

Retrieved on: 
Wednesday, December 11, 2019
Seajets, Lloyd's List, Greek shipping, Lloyd's of London, Piraeus, Lloyd, Water transport, Shipping, Countries in Europe

PIRAEUS, Greece, Dec. 11, 2019 /PRNewswire/ -- The SEAJETS WorldChampion Jet high speed vessel has been honored as the 'Ship of the Year' by the prestigious Lloyd's List Greek Shipping Awards 2019.

Key Points: 
  • PIRAEUS, Greece, Dec. 11, 2019 /PRNewswire/ -- The SEAJETS WorldChampion Jet high speed vessel has been honored as the 'Ship of the Year' by the prestigious Lloyd's List Greek Shipping Awards 2019.
  • The internationally recognized and prestigious 'Lloyd's List Greek Shipping Awards' are organized by Lloyd's List, a shipping newspaper founded in 1734.
  • The awards are evaluated by an independent team of 10 reviewers from many different shipping sectors.
  • "We are especially happy and proud to have been awarded the WorldChampion Jet as the ship of the year by our Greek shipping family.

Sino Agro Food Reports That Tri-Way Industries Closes Credit Facility

Retrieved on: 
Tuesday, August 27, 2019
SIAF, Swiss Institute of Allergy and Asthma Research, AGRO, Transport Research Institute, Tri, AGRO, Countries in Europe, Economies

GUANGZHOU, China, Aug. 27, 2019 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQX: SIAF)(OSE: SIAF-ME), a company focused on high protein food including seafood and cattle ("SIAF"), reports that its equity investee, Tri-Way Industries Ltd. closed agreements in late July with Incomlend Pte.

Key Points: 
  • GUANGZHOU, China, Aug. 27, 2019 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQX: SIAF)(OSE: SIAF-ME), a company focused on high protein food including seafood and cattle ("SIAF"), reports that its equity investee, Tri-Way Industries Ltd. closed agreements in late July with Incomlend Pte.
  • The full news release was posted to Tri-Way's web site: http://www.tri-way.hk/news-release .
  • Sino Agro Food Inc. is a major shareholder in Tri-Way.
  • "It takes a lot of work, but as we see with this announcement, work that is rewarded."

Russian Billionaire Accused of Multiple Counts of Fraud and Collusion in French Courts

Retrieved on: 
Thursday, June 20, 2019
Yves Bouvier, Dmitry Rybolovlev, Rybolovlev, AS Monaco FC, Businesspeople, Hutin, Bernard Squarcini, Dreyfus, Business, Bouvier, Valent, Countries in Europe

PARIS, June 20, 2019 /PRNewswire/ -- Dreyfus Valent Associshas filedan official complaint against Russian billionaire Dmitry Rybolovlev with the National Financial Prosecutor in Paris this week.

Key Points: 
  • PARIS, June 20, 2019 /PRNewswire/ -- Dreyfus Valent Associshas filedan official complaint against Russian billionaire Dmitry Rybolovlev with the National Financial Prosecutor in Paris this week.
  • The complaint, submitted on June 14, 2019, alleges multiple counts of corruption, trafficking of influence, violation of court proceedings and public forgery, amongst other criminal acts.
  • Rybolovlev, owner of AS Monaco, is accused along with lawyer Tetiana Bersheda, Pablo Picasso heiress Catherine Hutin and former French Intelligence Chief Bernard Squarcini, of having colluded with intent to pervert high-ranking French government officials.
  • Evidence uncovered demonstrates Rybolovlev employed French police officials and members of the French justice system to aid in building cases against Swiss art dealer, Yves Bouvier, with whom Rybolovlev has been in dispute for five years.

Russian Billionaire Accused of Multiple Counts of Fraud and Collusion in French Courts

Retrieved on: 
Thursday, June 20, 2019
Yves Bouvier, Dmitry Rybolovlev, Rybolovlev, AS Monaco FC, Businesspeople, Hutin, Bernard Squarcini, Dreyfus, Business, Bouvier, Valent, Countries in Europe

PARIS, June 20, 2019 /PRNewswire/ -- Dreyfus Valent Associshas filedan official complaint against Russian billionaire Dmitry Rybolovlev with the National Financial Prosecutor in Paris this week.

Key Points: 
  • PARIS, June 20, 2019 /PRNewswire/ -- Dreyfus Valent Associshas filedan official complaint against Russian billionaire Dmitry Rybolovlev with the National Financial Prosecutor in Paris this week.
  • The complaint, submitted on June 14, 2019, alleges multiple counts of corruption, trafficking of influence, violation of court proceedings and public forgery, amongst other criminal acts.
  • Rybolovlev, owner of AS Monaco, is accused along with lawyer Tetiana Bersheda, Pablo Picasso heiress Catherine Hutin and former French Intelligence Chief Bernard Squarcini, of having colluded with intent to pervert high-ranking French government officials.
  • Evidence uncovered demonstrates Rybolovlev employed French police officials and members of the French justice system to aid in building cases against Swiss art dealer, Yves Bouvier, with whom Rybolovlev has been in dispute for five years.

EMPP Law Firm: Major Prize Fund Launched to Support Journalists Investigating Sanctions against Russian Industrialist Oleg Deripaska

Retrieved on: 
Wednesday, April 17, 2019
Professional services, Finance, Legal, Basic Element, Oleg Deripaska, Oligarchs, Investigative journalism, Economy, Countries in Europe, Russia

A $600,000 prize fund has been announced to support investigative journalists seeking to discover the real reasons for Oleg Deripaskas inclusion in OFACs SDN list and the imposition of sanctions on companies he founded.

Key Points: 
  • A $600,000 prize fund has been announced to support investigative journalists seeking to discover the real reasons for Oleg Deripaskas inclusion in OFACs SDN list and the imposition of sanctions on companies he founded.
  • Submissions will be judged by a panel of experts consisting of leading figures from the fields of journalism, academia, law and politics.
  • In April 2018, the US Department of the Treasury imposed sanctions on industrialist Oleg Deripaska, crippling his businesses and leaving at risk millions of people connected to those businesses.
  • The $600,000 prize fund announced today by EMPP Law Firm aims to support investigative journalists seeking to discover the sources of these allegations and the true reasons for the imposition of sanctions on Oleg Deripaska.