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Synopsys offers remedies to address EU concerns over Ansys deal

10 Dec 2024

By Foo Yun Chee BRUSSELS (Reuters) – Chip design software company Synopsys has offered remedies to address EU antitrust concerns about its $35 billion cash-and-stock acquisition of engineering software maker Ansys, according to a European Commission filing on Tuesday. The deal, announced in January, is the biggest in the technology sector since chipmaker Broadcom’s $69 …

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Poland’s offshore wind support seen at 144 billion euros, PAP reports

10 Dec 2024

WARSAW (Reuters) – The cost of supporting Poland’s plans to build 17.9 gigawatts (GW) of offshore wind capacity will be about 144.2 billion euros ($152 billion), the PAP newswire reported citing a draft climate ministry resolution. The climate ministry did not have an immediate comment. Poland said it would raise the price it will pay …

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Novo Banco ready to explore IPO opportunities, aims to stay independent

10 Dec 2024

By Sergio Goncalves LISBON (Reuters) – Portugal’s fourth-largest bank, Novo Banco, is ready to explore opportunities of going public to diversify its shareholder base as it hopes to remain an independent entity, the executive board said in an email to employees late on Monday. Novo Banco was created in 2014 from the remains of collapsed …

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Pepco to look at ‘every strategic option’ for UK’s Poundland

10 Dec 2024

By James Davey LONDON (Reuters) – European discount retailer Pepco Group will examine “every strategic option” for its struggling Poundland business in the UK, the group’s new CEO said on Tuesday. “It is important to look at every strategic option for this company to bring it back on track,” Stephan Borchert told Reuters after the …

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Britain’s SSE sets out $28 billion grid investment plan

10 Dec 2024

By Susanna Twidale LONDON (Reuters) -UK utility SSE said on Tuesday its power network arm SSEN Transmission plans to invest at least 22 billion pounds ($28 billion) in grid infrastructure over a five-year period beginning in April 2026. Britain aims to decarbonise its electricity sector by 2030 which will require a rapid increase in renewable …

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Britain’s Thames Water says ‘considerable interest’ in equity process

10 Dec 2024

By Sarah Young and Paul Sandle LONDON (Reuters) – British utility Thames Water said on Tuesday it has seen “considerable interest” from investors in a process to raise new equity, crucial to its multi-layered rescue plan, as it awaits the regulator’s ruling on how much it can raise customer bills. The water supplier, the country’s …

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Europe energy markets are well supplied but prices too high, SEFE CEO says

10 Dec 2024

BERLIN (Reuters) – European energy markets are very well supplied but market prices are significantly higher than before, leading to Europe losing a competitive edge in the global economy, the head of nationalised German energy firm SEFE said on Tuesday. “While the security of supply we were able to maintain, we should not forget this …

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Italy will ask Stellantis to continue investing in the country, deputy PM says

10 Dec 2024

ROME (Reuters) – Italy will ask Stellantis to continue investing in the country, and the automaker is giving the government reassuring signals, the deputy prime minister said on Tuesday. “Stellantis cannot leave Italy,” Deputy Prime Minister Antonio Tajani told state broadcaster RAI, stressing the close link between the country and the automaker. “Signals are reassuring …

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