AGP Executive Report
Last update: 12 hours agoEnergy Deal: Shell is selling its European onshore renewables business to TotalEnergies, covering about 4GW across the UK, Italy, the Netherlands and Spain, as Shell continues to “high-grade” its power portfolio. AI Infrastructure Push: The EU has launched a tender for up to seven AI “gigafactories,” backed by as much as €10bn in public funding, aiming to unlock at least €20bn in private investment and expand Europe’s AI computing capacity. Banking Regulation Watch: EU banking rulemakers are revisiting capital and lending standards, but critics warn the reforms may not go far enough and could create a new compliance-driven squeeze. Venture Capital: Index Ventures raised roughly €1.7bn, taking total investing capital close to €3bn, with seed, venture and growth funds boosted for its 30th anniversary. Corporate M&A Shock: AstraZeneca shares fell about 7% after reports of preliminary talks with Bristol Myers Squibb, leaving investors questioning the strategic logic. Euro Adoption Politics: Romania reached a political agreement to adopt the euro, with a roadmap to be drawn up by the next government and the central bank. Sports Finance Fallout: UEFA escalated its fight with FIFA over Infantino’s scrapped plan to sell World Cup stakes to private investors, with Wales withdrawing support and UEFA threatening legal action.
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