Edition:
United States

Christoph Steitz

Coronavirus accelerates European utilities' digital drive

4:22am EDT

MILAN/FRANKFURT When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic, had to be secured to keep the lights on.

RPT-Amprion owners commit to $472 mln equity boost in 2020

Aug 04 2020

FRANKFURT, Aug 4 Amprion, Germany's no.2 high-voltage power transmission network operator, said on Tuesday it has secured 400 million euros ($472 million) of funding commitments from its owners for 2020.

Amprion owners commit to $472 million equity boost in 2020

Aug 04 2020

FRANKFURT Amprion, Germany's no.2 high-voltage power transmission network operator, said on Tuesday it has secured 400 million euros ($472 million/£361 million) of funding commitments from its owners for 2020.

Amprion owners commit to $472 mln equity boost in 2020

Aug 04 2020

FRANKFURT, Aug 4 Amprion, Germany's no.2 high-voltage power transmission network operator, said on Tuesday it has secured 400 million euros ($472 million) of funding commitments from its owners for 2020.

Nordex shares hit five-month high on $474 million project pipeline sale

Aug 03 2020

FRANKFURT Shares in wind turbine maker Nordex jumped nearly a quarter on Monday after the group agreed to sell most of its project development pipeline to RWE for 402.5 million euros ($474 million).

Thyssenkrupp closes $20.4 billion elevator sale

Jul 31 2020

FRANKFURT Thyssenkrupp said on Friday it had closed the 17.2 billion euro ($20.4 billion) sale of its elevator division to private equity firms, giving the conglomerate a cash lifeline but robbing it of its best asset.

'Sticking to facts': HeidelbergCement cautious after rival says it has weathered storm

Jul 30 2020

FRANKFURT HeidelbergCement said the future was still shrouded in uncertainty this year, striking a starkly more cautious tone than its bigger rival LafargeHolcim which said it had weathered the "tsunami" of the coronavirus crisis.

UPDATE 2-'Sticking to facts': HeidelbergCement cautious after rival says it has weathered storm

Jul 30 2020

* Cash savings stood at 354 mln eur at end of June (Recasts with CEO comments from press call)

Thyssenkrupp must quickly present strategy, steel solution: Deka

Jul 28 2020

FRANKFURT Conglomerate Thyssenkrupp must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top-20 investor said.

Cevian sees SSAB as healthiest steel partner for Thyssenkrupp: sources

Jul 21 2020

FRANKFURT Activist fund Cevian, Thyssenkrupp's No.2 shareholder, has identified Swedish steelmaker SSAB as the financially strongest partner for a potential steel tie-up, two people familiar with the matter said.

World News