Jean Yves Carillet

This morning, the report on the relaunch of the #CapitalMarketUnion #CMU by Bruno Le Maire French Minister of the Economy, Finance & Industry and Digital Sovereignty, was released. https://lnkd.in/damH7Qmr Europe, faced with significant financing needs, must deepen its capital markets urgently. By 2030, Europe needs substantial investments, with additional financing needs reaching nearly €1 trillion annually (for energy transition, digital transition, education, defense, etc.). A group of experts from both public and private sectors conducted extensive consultations across Europe, concluding that European capital markets remain largely underutilized as a source of financing, especially in equities. They formulated four propositions: 👉 a simple long-term European saving product is needed to redirect households’ savings towards the European economy; 👉 bold and decisive action is necessary to revitalize the securitization market; 👉 better integrated supervision is required to establish a genuine single market and maintain financial stability (reforming ESMA’s governance); 👉 ambitious efforts are needed to reduce post-trade fragmentation at the European level. It is a key milestone for real economy financing and its European sovereignty which are at the core of Scope Group value proposition as the leading pan European financial and non financial rating agency. The experts involved include Christian Noyer Delphine d'Amarzit Nicolas Calcoen Frédéric de Courtois Mohamed Kallala Bertrand de Mazières Robert Ophèle Anne Pointet Supported by our Direction générale du Trésor (French Treasury) #CapitalMarketUnion #thescopeperspective #impact #securitisation Place des Investisseurs

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💥New investment – Industry 4.0💥 🎉 The Bpifrance French Tech Accélération team is delighted to announce its participation in the €8.5M fundraising of OSS Ventures, an #Industry40 #startupstudio, alongside Tikehau Capital and Etablissements Peugeot Frères. 🚀 OSS Ventures is the leading studio specializing in software for operations. Its mission is to help factories digitalize, become more efficient, and reduce their environmental impact. ⭐Since its establishment in 2019, the studio has demonstrated a strong track record: - Created more than 15 #startups. - OSS Ventures, one of Europe's most successful digital studios, generates over €25M in annual recurring revenue (ARR) from its startups. - The solutions are deployed at nearly 2 000 industrial sites. - OSS has also created a community: a network of industrial partners, industry operations managers and sector experts. 🔍OSS Ventures aims to identify the operational problems encountered by blue-collar workers and operators, and to map out the areas where digital technology can help. The company’s strength lies in co-constructing startups with manufacturers. 💡 They have created various companies, such as fabriq, a software for digital problem-solving in factories, and MyC, a solution for health management in complex environments (ships, oil rigs, mining, etc.). 🚀 With this latest round of financing, OSS Ventures has raised a total of €11M. This funding will enable the studio to scale up its model and create 5 startups per year. 🏆 The startup studio is an operational company, which relies on its 20-member team, with expertise in IT development, design, marketing and sales, operations, and communications. 👉 Find out more: press release link in comments Renan Devillieres Pierre Lavaux Aurore Lanchart Jean-Philippe Lorinquer Quentin Dubois Maroussia Houimli Pierre GILLET Océane Fleury Bpifrance #France2030 #Manufacturing #Innovation #DigitalTransformation

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Some fresh #sharedmobility and #micromobility news: 👩‍⚖️ The fight between Reby and SOL Global Investments's House of Lithium is not over. Reminder: HOL acquired Reby for $100m in may 2022, but stopped the deal before completion. Reby is now trying to force the deal at the Delaware Chancery Court. https://lnkd.in/dxJjGb8j 🅿 Scooters are doing well in Chile. Municipalidad de Temuco is planning to implement 150 parking spots to improve the operation, in collaboration with Whoosh. 📈 Interesting insights from Urban Sharing's Tom Nutley about tenders' KPI impact for shared mobility. https://lnkd.in/en_tRgMt 🚲 Communauté d'Agglomération Villefranche Beaujolais Saône will get its #bikeshare service in 2025 with around 30 stations. THe local authority is working on financing the project. https://lnkd.in/dHt3uuA3

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#publicfinance #socialjustice #Frenchpublicdebt #causesandconsequences Article published in l'Opinion, September 17, 2024 French public finances urgently need to be put back on a sustainable path. Should we increase compulsory taxes, reduce public spending or strengthen growth potential? What is the best combination? In France's specific situation, any combination will be far from being equally effective. And where, through an imprecise analysis, one might think that raising taxes could be useful for both public finances and social justice, we understand, with better economic reasoning based on better knowledge of the real situation and the figures, that this choice could lead to a deterioration in both public finances and social justice. We must not make the wrong diagnosis to make an appropriate and effective. https://lnkd.in/e2_k-sv4

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More capex investments are eagerly required for critical mineral mines to achieve our transition to net zero. Fierce battles for large Copper prepayments are starting to emerge (e.g. Mercuria & Trafi with ERG) but the scope of required metals is of course much wider. Including critical minerals in UN SDGs would be a great first step to unlock more capital investment into the sector.

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🚀 New contribution by the Hub FranceIA ! 🚀 We are pleased to announce the publication of our latest white paper entitled "A toolbox for managing risks of Artificial Intelligence systems", written by our Banking and Auditability work group. 💡 This white paper, previously published in French, is the result of intense collaboration between artificial intelligence experts working within three major French banks: BNP Paribas, La Banque Postale and Société Générale. Together, we have explored the challenges of managing risks related to AI, especially in the context of the new #AiAct. 📊 This document provides a methodological framework and best practices for navigating this complex landscape. 🚀 The lessons to discover in the deliverable: 🌐 There are a variety of risk analysis tools at each stage of the process. 🛠️ Incomplete software solutions to date for operationalizing AI Act. ⚖️ Generative AI brings new risks surrounded by a lot of legal uncertainties. 👉 Discover our deliverable in detail by following the link in the first comment. Feel free to share your feedback and engage in conversation on this exciting topic! 🌍💬 #IA #Auditability #RiskManagement #Innovation #AiAct #HubFranceIA Thank you to our contributors: Audrey Agesilas Benjamin Bosch Thomas Bonnier Pierre Dehaene Lea Deleris Jérôme Lebecq Cyril Nicolotto Chloé Plédel Caroline Chopinaud Francoise Soulie-Fogelman Mélanie Arnould

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💡3 debates to keep an eye on for the future of the EU’s Multiannual Financial Framework Last week, I came across the interview of Commissioner for Budget Johannes Hahn in the French newspaper Les Échos. EU correspondent Karl De Meyer captured 3 of the leading budget topics to keep an eye on in the answers of the Commissioner: 1️⃣ New own resources and repayment of the debt In the last MFF negotiations, the idea of creating new resources independent from national contributions had progressed. But despite the efforts of setting some of those resources, such as the flagship Carbon Border Adjustment Mechanism (CBAM, a carbon tax at the EU’s external border), the Council remains somewhat sceptical. As part of the Next Generation EU efforts deployed for the recovery from COVID-19, it was made possible for the Union to borrow €806,9 billion between 2021 and 2026. With repayment starting in 2028, the question is whether new resources will be unlocked on time or whether national contributions will remain the only conceivable option. 2️⃣ Flexibility of the Multiannual Financial Framework As outlined by Commissioner Hahn, 99% of EU resources are pre-allocated within the EU. Consequence: in the last two mandates, we have faced occurrences that made changes vital, whether it is the migration crisis, a global pandemic or a war at our borders - and those changes have been challenging to decide and implement in our institutional scheme. While there are already flexibility instruments in the MFF, i.e., adaptations of headings and programme implementation, the use of margins, a more in-depth reflection will undoubtedly be needed moving on. Otherwise, we will keep displacing capacity from one heading to another, one programme to another, with the risk that policies such as the Cohesion Policy, the Common Agricultural Policy or even the Erasmus programme are first in line to contribute. 3️⃣ Integration of new EU Member States Since December 2022, the question has been on every discussion, at least for those working on agricultural policy: when will new Member States, particularly Ukraine, join the EU - and what will be the consequences for the budget? According to the Commissioner, should the nine current candidate countries enter the EU, our budget would see an increase comprised between 20% and 30%. Making this whole debate about budget, however, would be wrong. Implications of integration have always reached far beyond financial contributions, as the celebration of the 20th EU anniversary of ten of our Member States has shown on 1st May. The interview of Commissioner Hahn is available below. ⤵️

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The Grand Est Region of France has signed a #concession agreement with the Nova 14 #consortium to reopen the 75-kilometer Nancy – Contrexéville line, which has been closed since 2016, for passenger service and to maintain the infrastructure during the 22-year concession period. The Nova 14 #consortium includes companies #NGEConcessions (50%), Transdev (20%), and Banque des Territoires (30%) (part of the Groupe Caisse des Dépôts). The signing of the concession agreement also led to the financial closure of €200 million for the 22-year concession period. The European Investment Bank (EIB) will provide a loan for 50% of the total amount, while CIC, La Banque Postale , Caisse d'Epargne Ile-de-France, and NORD/LB will provide the remaining amount in equal shares. #UII #Rebuilding #Ukraine #Reconstruction #Rebuild #investinukraine #donors #publicprivatepartnerships #infrastructure #projectfinance #infrastructureprojects #DueDiligence #infrastructurefinance #investment #investing #FinancialResearch #Projectfunding #CapitalInvestment #InfrastructureInvesting #ESG #PPP #PublicFinance #investproject #institutionalinvestors #investmentmanager

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#creditlogement #sustainability 📒 Our #sustainabilityreport has just been published in English! ✅ Discover it in its entirety 👉 https://bit.ly/3L0qle6 Notre rapport de #durabilite vient de paraître en Anglais ! https://bit.ly/3L0qle6 #esg #rse #engagementsocial #engagementsocietal

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The MissionH24 group, in which Le Mans organiser the Automobile Club de l’Ouest is a key partner, took the wraps off a full-scale model of the single-seater hydrogen fuel cell car known as the H24EVO.  It represents a significant step forward on its predecessors, the LMP2HG and then the H24 that took part in four Michelin Le Mans Cup races in 2022. Maximum power output is now 650kW or 872bhp rather than the 350kW (470bhp) of the previous-generation car and weight has been reduced from 1480 to 1300kg.  Significantly the power density of its hydrogen-electric powertrain is 50% higher than before.  The MissionH24 project aims to showcase hydrogen as an alternative fuel in motorsport and help lay down a framework for its use in sportscar racing.  Le Mans organiser the ACO will allow hydrogen-powered machinery using either fuel cell or combustion technology from 2027 and is expecting the first cars to arrive on the grid the following year. The next-generation hydrogen powered H24Evo prototype https://lnkd.in/eR3rk8hk

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French industrial group Fives has launched the €7.5m ($8.m) HyGen project in collaboration with the CEA and École des Mines de Saint-Étienne. After receiving €3.4m ($3.6m) in funding from the French Government as part of the programme France 2030, operated by ADEME, the HyGen project has been established to increase the scale-up of equipment needed for the use of liquid hydrogen. Through collaboration, HyGen aims to remove technological barriers to scale-up liquefaction equipment and multiple existing capacities by 10, whilst also strengthening the reliability and security of equipment. In addition, it wants to improve France’s competitiveness in hydrogen and to create a strong sector around liquid hydrogen and therefore meet the growing demand of the fuel in the mobility market. https://lnkd.in/eRVW4BVn

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Last week, Magnus Mähring contributed to an enriching panel discussion on innovation challenges at the European defense executive program #SERA35. He spoke about policy challenges for technology-driven innovation in Sweden and Europe, in particular: (1) the often unseen risks of restricting technology, (2) the need to focus also on value creation through technology in policymaking, and (3) the importance of building knowledge and capabilities for multi-actor collaborations to better address grand challenges and other complex societal problems. #Innovation #Leadership #Entrepreneurship #SERA #Defense #Digitalization

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Very nice & clear but shocking visualisation about climate change. While technologies such as AI are rapidly advancing, let's keep an eye on the elephant in the room and how to deal with it. #climatechange #climate #sustainablemobility #mobility

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🤗 Ever wondered why Value Partners is the place to be? 🎬 In this series of videos, our colleagues answered a few questions about the benefits of working with us. Today, Marisa, Cleunice, and Antoine explain why they chose to work at Value Partners. 👉 Stay tuned to uncover what drives them in the next episodes... 🚀 Ready to join us? Visit www.valuepartners.lu/jobs to explore our exciting opportunities! 

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