The “24-hour express” of Wednesday December 4, 2024

(To our readers: this is an article that will evolve throughout the day, which includes in the upper part the articles that we have decided to develop, enrich or personalize, then, in the lower part, the information which reach us constantly, classified from the most recent to the oldest. Do not hesitate to share your reactions to this summary of the day or your information at the address. [email protected])

Our selection of three items

The Exploration Company: the perfect example of New Space. Largest series B in Europe in the New Space sector (150 million euros), financed in part by two sovereign funds (French and German) and 98% by European funds, soon to be partly installed in Luxembourg: The Exploration Company is the perfect illustration of what is of interest and what remains to be done for Europeans while a certain number of actors suffer. .

The Automobility Campus finally… on its way. Eight years and three and a half governments later, the Automobility Incubator was inaugurated this Tuesday in Bissen on the Automotive Campus, as a third branch of the Technoport, where an ecosystem of solutions for the automotive sector must be born and give birth to new ideas. With IEE, Goodyear and rising giants like Pony.ai.

Speyer: Theresa Condor replaces Peter Platzer as CEO. As Spire Global faces difficult financial times, the company has named Theresa Condor as CEO. The operational director succeeds the founder, Peter Platzer. Two industry veterans, Celia Pelaz and Gabriel Oehme, join the adventure. .

In the Paperjam news feed

8:20 a.m. Businesses. The Flemish investment company Gimv has acquired the Tibbloc Group (France) specializing in the rental of temporary energy solutions. It has 120 employees and achieves a turnover of more than 40 million euros.

8am. Health. The CNS says it has put in place concrete measures to improve the efficiency of its services. Every week, it processes more than 16,000 contacts and reports growing demand. To answer this, she points out that she has set up visits by appointment and made it easier to make appointments in the agency. It ensures that the waiting time has been reduced from 30 to two minutes and has strengthened its telephone reception with the addition of new operators.

7h45. Wealth management. Seen from the outside, the world of family offices and multi-family offices seems almost secret. Discovery with Stonehage, which supports families around the world in their succession planning, governance and tax planning, with the aim of preserving their financial and non-financial wealth over generations.

7h. Immobilier. CBRE Luxembourg has moved into the newly delivered Prism building at Cloche d’Or. The group took the opportunity to bring together several of its entities under one roof. .

6h40. Bourse. The Luxembourg Stock Exchange has introduced LuxSE Partner, a dedicated partnership status designed for law firms and professional services companies helping issuers navigate the issuance and listing process. Four leading law firms – A&O Shearman Luxembourg, Dublin-based Arthur Cox, Luxembourg-based Elvinger Hoss Prussen and GSK Stockmann Luxembourg – have already achieved LuxSE partner status, highlighting the strong interest in this initiative.

6h30. Nomination. Belgian Chris Van Broekhoven will replace Fabio Sala at the head of AB InBev for the Benelux and France markets, the subsidiary of the brewing group announced on Wednesday. Chris Van Broekhoven has already spent 16 years with the brewing giant, the last four of which were spent in the Netherlands as general manager. He will take up his new position on January 1.

6h20. Industrie. The Latin American family pharmaceutical company Procaps Group based in Luxembourg has announced the success of several strategic transactions. An agreement was signed with Hoche Partners Pharma Holdings allowing the issuance of up to $40 million in convertible notes. Furthermore, Procaps plans to welcome four new directors after the next general meeting on December 16, including Alejandro Weinstein who should become chairman of the board of directors.

6am. Ecology. Negotiators from the European Parliament and the Council have reached a provisional agreement to postpone the application of new rules on deforestation. They will apply from December 30, 2025 instead of 2024. This legislation adopted in April 2023 aims to fight climate change and the loss of biodiversity. As a reminder, European consumption represents around 10% of global deforestation.

Yesterday. Taxation. The deputies Europeans questioned the president of the Code of Conduct Group on corporate taxation. This body of the European Union created in 1998 works to combat harmful tax practices within the Union and in relations with third countries. Group President Maria José Garde said the Group had examined 480 tax regimes in the EU, of which 130 had been abolished. Outside the EU, 95 jurisdictions were under review, with the addition of three new jurisdictions this year: Brunei, Kuwait and New Zealand.

Here. Industry. At its steel plant in Ghent, ArcelorMittal welcomed several elected European politicians on Tuesday, such as the executive vice-president of the European Commission for a clean transition, Teresa Ribera, the executive vice-president for prosperity and industrial strategy, Stéphane Séjourné , or even the Belgian Prime Minister, Alexander de Croo. Led by the CEO of ArcelorMittal Europe, Geert Van Poelvoorde, the state of the steel industry in Europe was discussed.

“Over the past few months, together with other European steelmakers, we have spoken out on a number of issues that profoundly affect our ability to produce steel competitively in Europe: a record level of steel imports , due to significant global overcapacity and weak trade defense; high energy costs; and a climate policy that does not currently provide the level playing field we need, at a time when we need to invest significant capital to decarbonize our steel assets,” the press release said.

Mardi. France/Border workers. The Barnier government will not validate the agreement reached within Unédic in France which planned to apply a reducing coefficient to compensation for unemployed cross-border workers. .