Workflow
Proposed changes to the Management Board of LHV Pank and the governing bodies of LHV companies
Globenewswire· 2026-03-03 06:00
Core Viewpoint - LHV Group is undergoing significant leadership changes, with Erki Kilu set to replace Kadri Kiisel as Chairman of the Management Board of LHV Pank effective April 1, 2026, as part of a strategic plan to enhance the bank's development in Estonia and the UK [1][7]. Leadership Changes - The Nomination Committee has proposed recalling Kadri Kiisel from her position as Chairman of the Management Board of LHV Pank, with Erki Kilu nominated as her successor [1]. - Erki Kilu has been the CEO of LHV Bank since January 2021, leading the company to obtain a UK banking license in May 2023 and achieving rapid growth in net income, deposits, and loans [2]. - Kris Brewster will take over as Interim CEO of LHV Bank starting April 1, 2026, while Kilu remains on the Board of Directors [3]. Strategic Focus - Erki Kilu aims to strengthen LHV's presence in Estonia, expand business volumes in the UK, and explore growth opportunities in other European countries [8][9]. - The company plans to enhance product scalability and reduce duplication between its Estonian and UK operations to improve efficiency [9]. Company Performance - LHV Pank has experienced significant growth, with loan and deposit volumes more than doubling over the past five years, and is on track to reach half a million clients [10]. - LHV Group is the largest domestic financial group in Estonia, with nearly 1,200 employees and a diverse range of services across its subsidiaries [10].
Pacific Prime Takes the Top Individual Broker Award and the Top SME Broker at Cigna's Annual Broker Awards in Dubai
Businesswire· 2026-03-03 06:00
Core Insights - Pacific Prime has been awarded the Top Individual Broker for six consecutive years and the Top SME Broker for the second consecutive year at Cigna's Annual Broker Awards event [1] Group 1 - Pacific Prime's recognition as Top Individual Broker highlights its sustained excellence in the health insurance brokerage sector [1] - The awards ceremony took place at Drift Beach Club, One & Only Royal Mirage Hotel on February 12, 2026 [1]
Wereldhave announces refinancing of Revolving Credit Facility
Globenewswire· 2026-03-03 06:00
Core Viewpoint - Wereldhave N.V. has successfully refinanced its syndicated Revolving Credit Facility with a multi-tranche €250 million sustainability-linked RCF, enhancing its financial flexibility and reducing capital costs [1][3]. Group 1: Refinancing Details - The new facility has an effective term of five years, with extension options that can push maturity to between 2031 and 2033 [1]. - The refinancing results in an increase in the weighted average term of Wereldhave's debt from 3.6 years to 4.3 years [2]. Group 2: Stakeholder Confidence - The refinancing reflects strong confidence from banking partners, including ABN AMRO Bank, ING Bank, and Rabobank, in Wereldhave's operational performance and solid balance sheet [2][3]. - CFO Dennis de Vreede emphasized that this refinancing strengthens the company's financial position and supports its strategic ambitions [3].
SIKA EXPANDS ITS DIGITAL PRODUCT PORTFOLIO THROUGH GLOBAL COMMERCIAL PARTNERSHIP WITH GIATEC
Globenewswire· 2026-03-03 06:00
Core Insights - Sika has entered a commercial partnership with Giatec Scientific Inc. to enhance its digital offerings in the concrete value chain, providing AI-driven data tools for concrete producers globally [1][3] - The global 'AI in Construction' market is expected to grow significantly, from CHF 4.7 billion in 2026 to CHF 27.5 billion by 2034, indicating a compound annual growth rate of 24.8% [2] - Sika aims to achieve an incremental EBITDA contribution of CHF 150 to 200 million by 2028 through its Fast Forward program, which emphasizes innovation and digitalization [1] Digital Technology Integration - The partnership will integrate Giatec's sensors, software, and AI-driven data analysis solutions into Sika's global product offerings, enhancing customer access to advanced digital technologies [3] - Sika's extensive sales network in over 100 countries will facilitate the distribution of these digital technologies, improving concrete operations for customers [3] Challenges and Solutions - Key challenges in concrete production include overdesigning mixes and limited visibility post-production; the partnership aims to address these issues through Giatec's AI-powered quality control and mix optimization [4] - The collaboration will enable real-time monitoring of concrete during delivery, leading to increased efficiency, cost savings, and reduced CO₂ emissions [4] Leadership Statements - Sika's Head of Construction emphasized the company's commitment to digital leadership in the construction value chain, aiming to create measurable value for customers through this partnership [5] - Giatec's CEO highlighted the partnership's potential to scale digital concrete technologies globally, empowering producers to make data-driven decisions that enhance efficiency and reduce environmental impact [5] Company Profiles - Sika is a leading specialty chemicals company with a global presence, generating annual sales of CHF 11.20 billion in 2025 and operating in over 102 countries [7] - Giatec is recognized as a leader in digital concrete technology, focusing on unifying concrete production, delivery, and placement into an intelligent system that enhances performance and reduces carbon impact [8]
EfTEN Real Estate Fund AS finalized the sale of a subsidiary in Latvia
Globenewswire· 2026-03-03 06:00
Core Viewpoint - EfTEN Real Estate Fund AS has successfully completed the sale of its subsidiary, EfTEN Krustpils SIA, which owns the DSV logistics building in Riga, for a total of 5.6 million euros, intended for new investments [1] Group 1 - The transaction involved the sale of 100% of the subsidiary shares of EfTEN Krustpils SIA, now renamed ROLANDS S, SIA [1] - The sale agreement was initially announced on February 10, 2026, and all preconditions for closing the transaction have been fulfilled [1] - The proceeds from the sale amount to 5.6 million euros, which will be allocated for future investments by the fund [1]
LHV Group 2025 Audited Annual Report and Dividend Proposal
Globenewswire· 2026-03-03 06:00
The Supervisory Board of AS LHV Group (hereinafter: LHV Group) approved the 2025 audited annual report and will submit it to the Annual General Meeting for approval. Compared to the unaudited interim report published on 10 February, there are no differences in the audited financial results. The 2025 consolidated annual report of LHV Group is attached to this notice and will be made available on the LHV Group investor page at https://investor.lhv.ee/en/reports/. LHV Group generated consolidated revenue of 3 ...
Wecan Integrates WISeKey's WISeID Digital Identity into its Compliance Solutions and Advances Post-Quantum Security with SEALSQ
Globenewswire· 2026-03-03 06:00
Wecan Integrates WISeKey’s WISeID Digital Identity into its Compliance Solutions and Advances Post-Quantum Security with SEALSQ Geneva, Switzerland, March 3, 2026 – WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its WISeID digital identity and authentication capabilities are integrated into compliance solutions of Wecan Group (“Wecan”), a provider of digital onboarding, KYC, and compliance orchestrati ...
Wecan Integrates WISeKey’s WISeID Digital Identity into its Compliance Solutions and Advances Post-Quantum Security with SEALSQ
Globenewswire· 2026-03-03 06:00
Wecan Integrates WISeKey’s WISeID Digital Identity into its Compliance Solutions and Advances Post-Quantum Security with SEALSQ Geneva, Switzerland, March 3, 2026 – WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its WISeID digital identity and authentication capabilities are integrated into compliance solutions of Wecan Group (“Wecan”), a provider of digital onboarding, KYC, and compliance orchestrati ...
Fagron completes acquisition of Vepakum
Globenewswire· 2026-03-03 06:00
Regulated information – inside informationNazareth (Belgium)/Rotterdam (The Netherlands), 3 March 2026 – 7:00AM Fagron completes acquisition of Vepakum Fagron, the leading global player in pharmaceutical compounding, announces the successful completion of its acquisition of Vepakum in Latin America. The transaction, announced in December 2025, was finalized following regulatory clearance from CADE in early February 2026. Vepakum operates two facilities in São Paulo, Brazil, and specializes in high-quality ...
Steak 'n Shake Says It's Paying Hourly Employees A Bitcoin Bonus For Every Hour Worked, Pledges Trump Account Contributions - Biglari Holdings (NYSE:BH)
Benzinga· 2026-03-03 05:58
Biglari Holdings (NYSE:BH)-owned fast food chain Steak ‘n Shake said Monday that it will start offering Bitcoin (CRYPTO: BTC) bonuses to all its hourly employees starting in March.Bitcoin Bonuses For EmployeesIn an X post, the popular burger chain said it will pay employees Bitcoin worth 21 cents per hour. The company also signed up for the Trump Accounts initiative, pledging to match the $1,000 contribution for children of eligible employees.“We aim to be a Maximum-Wage Employer in our respective communiti ...