European-based private market firms 'growing and flourishing'
Permira Executive Chairman Kurt Björklund says a European base has proven incredibly valuable as firms look to capitalise on investment opportunities across the continent
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Hamilton Spectator
an hour ago
- Hamilton Spectator
Prime Minister Carney in Brussels for EU-Canada summit
BRUSSELS - Prime Minister Mark Carney began official events for his four-day trip to Europe Monday by visiting a military cemetery in Belgium before meeting with European counterparts at the EU-Canada summit. Carney said on social media Sunday he was in Brussels to launch 'a new era of partnership' between Canada and the European Union to benefit workers, businesses and security 'on both sides of the Atlantic.' Carney started the day with a visit to the Antwerp Schoonselhof Military Cemetery, where 348 Canadian soldiers are buried. Carney toured the cemetery alongside his wife, Diana Fox Carney, and Belgian Prime Minister Bart De Wever. Carney also took part in a wreath-laying ceremony with Foreign Affairs Minister Anita Anand and National Defence Minister David McGuinty. Stéphane Dion, special envoy to the European Union and Europe, also attended. Carney is expected to meet later Monday with De Wever, European Council President António Costa and European Commission President Ursula von der Leyen. At the EU-Canada summit, Anand and McGuinty are expected to sign a security and defence agreement with the European bloc — an agreement one European official described last week as one of the most ambitious deals the continent's powers have ever signed with a third country. The security and defence agreement opens the door to joint purchases of weapons with European countries and participation in the ReArm Europe initiative — which will allow Canada to access a 150-billion-euro program for defence procurement called Security Action for Europe. Canada will need to sign a second agreement with the European Commission before it can take part in the program. A government official briefing reporters on the trip said the partnership is expected to make procurement easier and more affordable, while also allowing Canada to diversify its sources of equipment. At the EU-Canada summit, leaders are also expected to issue a joint statement pressing Russia to end its war on Ukraine through measures like further sanctions, and calling for an immediate and permanent ceasefire in Gaza. The joint statement is also expected to touch on climate change, trade and digital and tech policy. De Wever said Canada's partnership with the EU is critical now because 'we've woken up in a world that doesn't look that friendly anymore.' 'We're living in a world where we have an imperialist power in the east who uses military force, we have a peculiar figure in the White House who is choosing the road of protectionism and even isolationism. So those who like a rules-based world, a multilateral world, should find each other's company now,' the Belgian prime minister said. De Wever said allies will need to spend more on defence and should do so wisely by developing their industrial defence bases together. 'Those countries who still like multilateralism are the countries that have to look up each other's company and make good agreements,' he said. Carney posted on social media early Monday that he spoke with U.S. President Donald Trump overnight. He said the conversation addressed the need to de-escalate the conflict in the Middle East. Carney said he and Trump also spoke about trade and their shared commitment to a stronger NATO. Carney has called for a 'diplomatic solution' in the wake of U.S. strikes on three key nuclear facilities in Iran. In a statement Sunday, Carney called Iran's nuclear program a 'grave threat' to international security and said Canada has been 'consistently clear' that Iran can never be allowed to develop a nuclear weapon. Speaking to reporters Monday, De Wever said he had no sympathy for the 'evil' Iranian regime and called the country a 'big sponsor of terrorism.' De Wever said that while there should be regime change in Iran, it would be preferable if it came through a democratic process and not one that 'starts with bombing.' Leaders at the EU-Canada summit are also expected to discuss global trade and commit to working toward ratifying and implementing the Comprehensive Economic and Trade Agreement, the Canada-Europe free trade deal known as CETA. The pact took effect provisionally in 2017 and most of its contents now apply. But all EU countries need to approve CETA before it can take full effect; 10 members still haven't ratified the deal. Carney, Costa and von der Leyen are scheduled to hold a joint press conference Monday evening. On Tuesday, Carney travels to The Hague for the NATO summit. The international meetings come as Canada looks to reduce its defence procurement reliance on the United States due to strained relations over tariffs and Trump's repeated talk about Canada becoming a U.S. state. This report by The Canadian Press was first published June 23, 2025.
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Romanian lawmakers vote in favor of pro-EU coalition, aiming to end protracted political crisis
BUCHAREST, Romania (AP) — Romanian lawmakers voted Monday decisively in favor of a new pro-European coalition government led by a center-right prime minister, as the European Union and NATO member nation seeks to end one of its worst political crises in its post-communist history. Parliament approved the new administration in a 301-9 vote in Romania's 464-seat legislature, days after Romania's new President Nicusor Dan nominated lie Bolojan of the center-right National Liberal Party, or PNL, to lead a new government. Some lawmakers from nationalist opposition parties were absent from the voting. The coalition is made up of the leftist Social Democratic Party, or PSD, the PNL, the reformist Save Romania Union party, and the small ethnic Hungarian UDMR party, with the support of national minorities. The ministerial positions will be shared among the parties, which will hold a comfortable majority. The prime ministerial position will be rotated in 2027 from Bolojan to a PSD premier as part of a power-sharing agreement. Ahead of the confidence vote on Monday, Bolojan, 56, called it a 'decisive moment" for Romania's future and said among his top priorities would be reducing the large budget deficit and reforming state institutions. 'Despite the challenges we face … Romania deserves a realistic and fair country project,' he said. 'Romania must be stronger and more secure, with an economy that can and must grow … with reformed institutions and respect for citizens.' With one of the highest budget deficits in the 27-nation EU bloc, the new government will face the challenge of introducing fiscal measures that Bolojan acknowledged could prove unpopular, especially ahead of a 2028 general election amid a growing shift toward populist parties. After parliament's approval, the Romanian president will hold a ceremony to swear in the new government at Cotroceni Palace in the capital, Bucharest. Bolojan previously served as acting president earlier this year, until Dan decisively beat a hard-right opponent in a heated presidential election rerun. That vote was held months after the previous election was annulled by a top court, which plunged Romania into a deep political crisis and exposed deep societal divisions in the country. The previous coalition, sworn in last December, collapsed following Marcel Ciolacu's resignation in May, after the joint candidate failed to make the presidential runoff. The current broad coalition is viewed as a tactical partnership to shut out right-wing nationalists, whose voices found fertile ground during Romania's chaotic election cycle, with growing anti-establishment sentiment. Sorin Grindeanu, the PSD leader, said his party 'will be a responsible and honest partner' in the new coalition, which he said is for 'the good of this country and for the good of Romanians.' 'I wish (the coalition) to be strong for the next three and a half years,' he said. 'We are thus leaving the era of unprofitable interims and entering a period of rational and realistic solutions.' George Simion, the leader of the hard-right Alliance for the Unity of Romanians, who lost the presidency to Dan in the runoff, said he didn't think the coalition would make it through the year.
Business Wire
2 hours ago
- Business Wire
Public Tender Offer of BWGI: The Supervisory Board of the Verallia FCPE's Decided Not to Tender Its Shares
PARIS--(BUSINESS WIRE)--Regulatory News: The Supervisory Board of the Verallia (Paris:VRLA) FCPE met today, June 23, 2025, and unanimously decided not to tender the shares held by the fund to the public tender offer initiated by BWGI on Verallia shares. This decision is in line with Verallia FCPE's stated intention to preserve and strengthen employee share ownership within the Group. About Verallia At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all. With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024. Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO 2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement. Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable. Disclaimer This press release does not constitute an offer to purchase securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction. Any decision regarding the Offer must be based exclusively on the information contained in the Offer documents. This press release has been prepared for information purposes only. The distribution of this press release, the Offer and its acceptance may be subject to specific regulation or restrictions in certain countries. The Offer is not intended for persons subject to such restrictions. Consequently, persons in possession of this press release are required to inquire about any local restrictions that may apply and to comply with them. Verallia assumes no responsibility for any violation of these restrictions by anyone. It is intended that the Offer will be open in the United States in accordance with Section 14(e) of the U.S. Securities Exchange Act of 1934, as amended (the 'U.S. Exchange Act'), including Regulation 14E after application of the exemptions provided by rule 14d-1(d) of the U.S. Exchange Act (the 'Tier II' exemption) and the requirements of French law. Protection of personal data You may unsubscribe from the distribution list of our press releases at any time by sending your request to the following email address: investors@ Press releases will still be available via the website Verallia SA, as data controller, processes personal data for the purpose of implementing and managing its internal and external communication. This processing is based on legitimate interests. The data collected (last name, first name, professional contact details, profiles, relationship history) is essential for this processing and is used by the relevant departments of the Verallia Group and, where applicable, its subcontractors. Verallia SA transfers personal data to its service providers located outside the European Union, who are responsible for providing and managing technical solutions related to the aforementioned processing. Verallia SA ensures that the appropriate guarantees are obtained in order to supervise these data transfers outside of the European Union. Under the conditions defined by the applicable regulations for the protection of personal data, you may access and obtain a copy of the data concerning you, object to the processing of this data and request for it to be rectified or erased. You also have a right to restrict the processing of your data. To exercise any of these rights, please contact the Group Financial Communication Department at investors@ If, after having contacted us, you believe that your rights have not been respected or that the processing does not comply with data protection regulations, you may submit a complaint to the CNIL (Commission nationale de l'informatique et des libertés — France's regulatory body).
