Latest news with #euros
Bloomberg
10-05-2025
- Business
- Bloomberg
Ukraine's Euro Cash Pile Grows With Increased EU Aid Flows
By Updated on The portion of Ukraine 's foreign reserves held in euros has surged as the European Union ratchets up support for the war-torn nation. Data from the National Bank of Ukraine shows that while the share of its international holdings denominated in euros remains low, the amount has more than quadrupled since the start of November — reaching 10% in early May. Over the same period, US dollar holdings fell by 6 percentage points to 82.9%, according to the statistics.
Bloomberg
09-05-2025
- Business
- Bloomberg
Ukraine's Euro Cash Pile Grows With Increased Aid Flows From EU
Takeaways NEW The portion of Ukraine 's foreign reserves held in euros has surged as the European Union ratchets up support for the war-torn nation. Data from the National Bank of Ukraine shows that while the share of its international holdings denominated in euros remains low, the amount has more than quadrupled since the start of November — reaching 10% in early May. Over the same period, US dollar holdings fell by 6 percentage points to 82.9%, according to the statistics.
Reuters
27-03-2025
- Business
- Reuters
Exclusive: Morgan Stanley draws on Goldman Sachs to explore sale of PNE stake, sources say
FRANKFURT, March 27 (Reuters) - Morgan Stanley is working with Goldman Sachs to explore the sale of its majority stake in German renewable project developer PNE, two people familiar with the matter said, a process that could trigger a bid for the 1.09 billion euros ($1.17 billion) firm. Goldman Sachs (GS.N), opens new tab has started to sound out potential private equity suitors regarding their interest in Morgan Stanley's (MS.N), opens new tab 50.06% stake in PNE ( opens new tab, which is currently valued at 543 million euros, one of the people said. A more structured sales process is expected to start later in the year and could potentially result in a transaction in the autumn, the people said, adding deliberations were at an early stage and there was no certainty that a deal would happen. Morgan Stanley, Goldman Sachs and PNE all declined to comment. Under German stock market rules, buying Morgan Stanley's entire stake would trigger a mandatory takeover bid for all of PNE, which develops wind and photovoltaic projects and had a pipeline of 18.9 gigawatts as of end-2024. The move marks Morgan Stanley's latest effort to cash in on its stake after a previous attempt to dispose of it ended without success in early 2023, a process that was expected to draw interest from EQT ( opens new tab and Engie ( opens new tab at the time according to sources familiar with the matter. Shares in PNE have risen 28% year-to-date to 14.16 euros per share, up more than three times from the 4.00 euros Morgan Stanley paid when it first bought a stake in the company in 2020. On Thursday, SDAX-listed (.SDAXI), opens new tab PNE reported a 73% increase in 2024 core profit (EBITDA) to 69 million euros, expecting it to rise to as much as 110 million in the current year and to reach 140 million by 2027.
Yahoo
07-03-2025
- Business
- Yahoo
Panama closes 1.2 billion-euro loan with Bank of America subsidiary
PANAMA CITY (Reuters) - Panama's government has closed a 1.2 billion euros ($1.29 billion) loan with a two-year maturity with a subsidiary of Bank of America, the Economy Ministry said a statement on Thursday. The ministry indicated that the financing, which will be disbursed in its dollar equivalent, was authorized on Friday. ($1 = 0.9269 euros)
