Adidas replaces KfW syndicated loan facility

The FINANCIAL — Following a series of successful financing activities, adidas has replaced the syndicated revolving loan facility under participation of KfW, Germany’s state-owned development bank. The company had received the approval of the German government for the participation of KfW in…

3 mins read

Nokia delivers private 5G network to MYNXG

The FINANCIAL — Nokia has deployed an industrial-grade private wireless 5G campus network at the Nuremburg development center of secure industrial IoT specialist MYNXG. MYNXG will use the Nokia 5G network at its new industrial IoT interoperability test center to develop new…

4 mins read

Germany is the first country to invest in Food Systems 2030

The FINANCIAL — Germany became the first donor today to invest in Food Systems 2030, a new World Bank Multi-Donor Trust Fund that proposes to help countries maximize the impact of their public spending and transform their food systems to increase food…

5 mins read

NIB finances UPM’s next-generation biorefinery in Germany

The FINANCIAL — NIB and the Finnish forest industry company UPM-Kymmene Oyj have signed a 10-year loan agreement for EUR 200 million for financing the construction of a biorefinery producing wood-based biochemicals in Leuna, Germany, that will provide bio-based sustainable alternatives for fossil…

3 mins read

Deutsche Bank leads largest ever social bond for EU

The FINANCIAL — Deutsche Bank helped the European Union (EU) break new records this week by leading its inaugural jumbo social bond. The 17 billion euro issuance, split between a 10 billion euro 10-year and a 7 billion euro 20-year tranche was…

6 mins read

Mercer appoints Achim Lüder as new Chief People Officer

The FINANCIAL — Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh & McLennan (NYSE: MMC), has announced Achim Lüder as its new Chief People…

3 mins read

Dusseldorf and Duisburg ordered 109 light rail vehicles from Siemens Mobility

The FINANCIAL — Düsseldorfer Rheinbahn AG and Duisburger Verkehrsgesellschaft AG have jointly ordered 109 Avenio HF high-floor light rail vehicles from Siemens Mobility, including an option for an additional 48 units. The contract also includes the maintenance and servicing of the Duisburg vehicles…

2 mins read