Source: Commonwealth Bank of Australia (CBA)
Monday, 18 March 2019 (SYDNEY): Commonwealth Bank of Australia (CBA) and the Australian Taxation Office (ATO) have entered into an agreement relating to Research and Development (R&D) tax claims.
Under the agreement terms, CBA has agreed to withdraw from all current proceedings with the ATO and Innovation and Science Australia (ISA) before the Administrative Appeals Tribunal (AAT) in respect of the eligibility of R&D claims that were made for the years ended 30 June 2012 and 30 June 2013 relating to the CBA core banking modernisation project that involved digital transformation and software development. All other prior year matters have also been finalised.
The agreement does not result in material impacts to CBA’s current or future year financial results.
CBA will continue to work collaboratively with the ATO and ISA in relation to future registration of eligible R&D activities.
Source: Roscongress Foundation
More than 25 international experts, heads of government agencies, executives of transnational corporations, representatives of industry associations, academics and opinion leaders from Italy, France, Belgium, Kazakhstan, Belarus, Uzbekistan and Russia will take part in the programme of the First Connecting Eurasia Dialogue – From the Atlantic to the Pacific, which will be held today in Brussels. The dialogue will be the first platform in Belgium created for discussion of specific political and economic interaction issues in Eurasia between the European Union and the EEU.
The event is organized by the Roscongress Foundation and the Italian Association Conoscere Eurasia in cooperation with the Association of European Businesses and the Belgian-Luxembourg Chamber of Commerce.
The business programme of the event will include three thematic sessions: ‘Many strategies, one goal’, ‘Sustainable connectivity and dialogue on standards’, ‘Connecting Eurasia in practice’.
The list of participants and speakers includes: Aleksander Pankin, Deputy Minister of Foreign Affairs of the Russian Federation; Romano Prodi, President, Foundation for Worldwide Cooperation; President of the European Commission (1999–2004); Prime Minister of Italy (1996–1998, 2006– 2008); Tatyana Valovaya, Minister of Integration and Macroeconomics, Eurasian Economic Commission; Vladimir Chizhov, Permanent Representative of the Russian Federation to the European Union; Sodiq Safoyev, First Deputy Chairperson, Senate of Uzbekistan; Grigory Rapota, State Secretary of the Union State of Russia and Belarus; Aigul Kuspan, Head of the Representative Office of the Republic of Kazakhstan to the European Union and the North Atlantic Treaty Organization; Philippe Pégorier, President, Alstom Russia, Member of the Board, Association of European Businesses.
The First Connecting Eurasia Dialogue – From the Atlantic to the Pacific will be held as part of the promotion for the St. Petersburg International Economic Forum, which programme includes the annual events of the ‘From Lisbon to Vladivostok’ project. This year SPIEF will take place on 6–8 June. The subject of cooperation in the Eurasian Community is a recurrent theme at the Eurasian Economic Forum in Verona, Italy, which is also organized by the Roscongress Foundation and the Association Conoscere Eurasia. In 2019, the event will take place on 24–25 October.
The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions, exhibitions and public events. The Roscongress Foundation was founded in 2007 with the aim of facilitating the development of Russia’s economic potential and strengthening the country’s image.
The Foundation offers comprehensive evaluation, analysis, compilation and coverage of the Russian and global economic agendas. It offers administrative services and promotional support for business projects, helps to attract investment and also contributes to the development of social entrepreneurship and charitable projects.
Each year, the Foundation’s events bring together over 80,000 participants from 195 countries and are covered by more than 10,000 media representatives.
The Foundation has some 2500 experts involved in analytical and expert work in Russia and abroad and collaborates with foreign economic partners from 75 countries. www.roscongress.org
Equatorial Guinea President, Organization of the Petroleum Exporting Countries (OPEC) Secretary General Headline Premier Lineup of Oil & Gas Leaders for African Petroleum Producers Organization's (APPO) Cape VII 2019 Congress
MALABO, Equatorial Guinea, March 16, 2019/ — H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea, and H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, will both speak at APPO CAPE VII (www.CAPEVII-Africa.com); Secretary General of APPO H.E. Mahaman Laouan Gaya and H.E. Emmanuel Ibe Kachikwu, Nigeria's Minister of State for Petroleum Resources, will present on the foundational reforms of the African Petroleum Producers' Organization; H.E. Mohammed Sanusi Barkindo, Secretary General of OPEC (www.OPEC.org); Dr Sun Xiansheng, Secretary General of the International Energy Forum and H.E. Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) are all speaking at APPO CAPE VII; APPO CAPE VII welcomes participation of 50+ Africa's petroleum ministries, national oil companies and private companies as exhibitors and sponsors.
The President of Equatorial Guinea, the Secretary General of OPEC and 20 African oil and gas ministers will headline Africa's most influential gathering for the energy industry. The African Petroleum Producers Organization's Cape VII Congress and Exhibition on April 2-5 in Malabo is set to bring together top oil and gas executives and the continent's leading energy ministers, as well as international policy leaders for a week focused on policy reforms, Africa's influence in energy geopolitics and increasing cooperation amongst African countries. In all, the conference will gather more than 20 African governments, more than a dozen national oil companies and 50+ exhibitors and sponsors.
H.E. Emmanuel Ibe Kachikwu, President of the African Petroleum Producers Organization and the Minister of State for Petroleum of the Republic of Nigeria, will present on the foundational reforms of the APPO, and the organization's aim to create a strong unifier of African oil producers on the international stage. New discoveries throughout Africa, from Mozambique and Namibia to Senegal and Mauritania, have sparked fresh interest in exploration and production throughout Africa and mean the APPO is set to welcome new producers into the fold.
H.E. Mohammed Sanusi Barkindo, Secretary General of OPEC; Dr Sun Xiansheng, Secretary General of the International Energy Forum and H.E. Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) are all speaking at APPO CAPE VII. With Africa taking a more prominent role in OPEC discussions following the entry of Equatorial Guinea to the group of oil producers in 2017, APPO CAPE VII will set the agenda for African producers' interactions with global producers and markets in 2019 and beyond.
H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea, and H.E. Gabriel Mbaga Obiang Lima, Minister of Mines of Hydrocarbons, will be presenting on Equatorial Guinea's Year of Energy in 2019. The small country in the Gulf of Guinea has taken a leading role on the international stage — joining OPEC, assisting in stabilizing the market and leading efforts for pan-African cooperation in the oil and gas sector. The LNG2Africa initiative, for example, will focus on monetizing domestic gas, building up regional infrastructure and exporting gas from Africa to Africa. The Year of Energy 2019 celebrates regional cooperation in Africa and is centered on a series of events taking place in Malabo throughout the year.
Key African ministers including H.E. Tarek El-Molla, Minister of Petroleum, Egypt; H.E. Jeff Radebe, Minister of Energy, South Africa; H.E. Pascal Houangni Ambouroué, Minister of Petroleum & Hydrocarbons of Gabon; and H.E Abdourahmane Cissé, Minister of Petroleum, Energy and the Development of Renewable Energy Côte d'Ivoire are set to address issues of oil and gas infrastructure and regional cooperation at APPO CAPE VII.
The fresh wave of energy investment in Africa — and indeed the focus on growing oil and gas reserves and creating attractive regulatory regimes for new investment — stands in stark contrast to many more developed markets around the world. Countries like the United States, Ireland, Italy and New Zealand are chipping away at global exploration potential, with New Zealand banning new exploration altogether.
Top industry executives, including Guy Maurice, Senior Vice President for Africa, Total; Mounir Bouaziz, Vice President, Africa and South America, Shell; Andrew G. Inglis, CEO, Kosmos Energy; Jean-Michel Jacoulot, CEO, Trident and Tim O'Hanlon, VP, Tullow Oil will speak on Africa's upstream potential in the current geopolitical environment.
Other panels will tackle regional cooperation, downstream calls for investment, the potential for financing Africa's oil and gas sector; and the need for economic diversification.
For more information go to: www.CAPEVII-Africa.com
Distributed by APO Group on behalf of Year of Energy.
Today 15 March, Equinor (OSE: EQNR, NYSE: EQNR) is presenting its Annual Report and Form 20-F for the year ended 2018, and its 2018 Sustainability Report.
"We are in a strong position today. We have strengthened our competitiveness, improved our project portfolio and have a clear strategy for further development of our company. We have positioned ourselves for long-term shareholder value creation and to be competitive in a low-carbon future. Our results confirm that we are on track with our ambitions to increase returns, grow production and bring cash flow to high levels in the years to come," writes Eldar Sætre, in his letter to fellow shareholders.
In 2018, Equinor delivered record-high equity production of 2.111 million barrels of oil equivalent per day.
This has, combined with strong operational performance, contributed to USD 6.3 billion in organic free cash flow for the full year and strengthened our financial position. The reserve replacement ratio (RRR) was 213% in 2018, driven by sanctioning of new fields, positive revisions and acquisitions.
2018 saw increased prices and increased margins for the industry. Equinor's average realised liquids price was USD 63.1 per barrel for the year.
"Last year was one for the history books. We became Equinor after almost 50 years as Statoil. Our name change reflects the global energy transition and our development as a broad energy company," writes Sætre.
Organic capex for 2018 was USD 9.9 billion, around USD 1 billion below the initial guiding, achieved through continued efficiency improvements and strong project deliveries. Equinor completed 24 exploration wells in 2018.
For the full year, the serious incident frequency came in at 0.5, a positive development from the previous year. Equinor has initiated a series of safety initiatives at all levels and parts of the company, with the 'Safety beyond 2020' project as the main corporate initiative.
"The safety of our people and integrity of our operations remains our top priority,” Sætre says in the letter.
Continued improvement on sustainability
The 2018 Sustainability Report offers an overview of how Equinor follows up its ambitious sustainability agenda and performance. Sustainability is embedded in Equinor’s strategy, and the company is taking actions to develop the business guided by the United Nations’ Sustainable Development Goals. The commitment to long-term sustainable value creation is in line with the principles of the United Nations’ Global Compact.
"The Paris Agreement created much needed momentum to act on climate change, but as a society and collectively, we are not doing enough," Sætre writes in the foreword to the report.
"Providing energy to a growing population in a responsible way guides us as we work together towards a common future where energy is affordable and sustainable for all. We all need to collaborate to speed up the pace and deliver solutions at scale. Our climate roadmap explains how we plan to build a low carbon advantage, through concrete actions with ambitious targets," he continues.
We delivered 264,000 tonnes of CO2 emission reductions in 2018, mainly due to many smaller energy efficiency projects. So far, we have achieved around 0.6 million of the 2030 target of 3 million tonnes of CO2 emission reductions per year. The average CO2 intensity of Equinor's operated portfolio is at 9 kg per barrel, with a target of 8 kg CO2 per barrel in 2030, around half the industry average.
Equinor continued to invest in new energy projects in 2018, starting production from the Apodi solar plant in Brazil and the Arkona offshore wind project in Germany.
"Our renewable business supplied 1.3 TWh of clean energy to the grid. We also announced that we are ready to invest in the protection of tropical forests, that are so important to absorbing CO2 from the atmosphere, underscoring our strong support for a global price on carbon," writes Sætre.
Equinor aims to demonstrate leadership in transparent reporting. We support enhanced transparency on climate-related risk, and our disclosure practice is in accordance with the recommendations presented in 2017 by the G20 Task Force on Climate-related Financial Disclosures (TCFD).
In accordance with Section 203.01 of the New York Stock Exchange Listed Company Manual, Equinor ASA announces that on 15 March 2019 it filed with the Securities and Exchange Commission its 2018 Annual Report on Form 20-F that included audited financial statements for the year ended December 31, 2018.
The Equinor 2018 Annual Report and Form 20-F, which includes the 2018 Annual Report on Form 20-F, and 2018 Sustainability Report may be downloaded from Equinor’s website at www.equinor.com. References to this document or other documents on Equinor’s website are included as an aid to their location and are not incorporated by reference into this document. All SEC filings made available electronically by Equinor may be obtained from the SEC’s website at www.sec.gov.
Shareholders may also request a hard copy of the annual report free of charge at www.equinor.com.
Peter Hutton, senior vice president Investor Relations,
+44 7881 918 792 (mobile)
Bård Glad Pedersen, vice president Media Relations,
+47 918 01 791 (mobile)
* * *
Cautionary Note regarding Forward Looking Statements
This press release contains forward-looking statements, particularly regarding Equinor’s aims to reduce carbon intensity and achieve emission reduction and plans for capital and research expenditure in new energy. Forward-looking statements reflect current views with respect to future events and are, by their nature, subject to significant risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements.
* * *
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord to the Johan Sverdrup field, where it will be installed in a single lift.
“This is an important day for Equinor, the Johan Sverdrup partnership and the Norwegian continental shelf (NCS). This is the last platform in the first phase of the project development, and the completion of the living quarters topside takes us one significant step closer to the start-up of Norway’s big source of income for the next 50 years,” says Arne Sigve Nylund, executive vice president for Development and Production Norway.
The Johan Sverdrup field – owned by license partners Equinor, Aker BP, Lundin Norway, Petoro and Total – is expected to provide value and revenue to the Norwegian state and society of more than NOK 900 billion over the field’s life.
A joint venture between Kværner and KBR was awarded the NOK 6,7 billion contract in June 2015 for constructing the Johan Sverdrup utility and living quarters topside. Leirvik AS was assigned to construct the living quarters modules for the platform. At peak, more than 2000 people have been involved in constructing the platform.
On 15 February this year the joint venture formally handed over the topside to Equinor, just as planned more than 3 ½ years ago. One month later, after further preparations, the living quarters topside is now ready for sail-away to the Johan Sverdrup field in the North Sea where it will be transported on board the lifting vessel Pioneering Spirit.
“Kværner, KBR and Leirvik have delivered a high-quality platform on time and cost. As regards health, safety and environment, the project had a few incidents in the early phase. But the way our suppliers have turned this around has been commendable, so the overall results also in this area have been good,” says Trond Bokn, senior vice president for the Johan Sverdrup development.
“The platform’s high quality and degree of completion at the moment is vital to be able to start field production as planned in November this year,” says Bokn.
“This is perhaps the closest to a «plug-n-play» platform of this size we have ever seen, proving that the joint venture in collaboration with Leirvik have delivered an excellent product,” says Aud Hove, Equinor’s project manager for the utility and living quarters topside.
«This is also a result of the good collaboration and high quality in execution which the project has had since day one. We’ve met every milestone as originally planned, which is quite unique,” says Hove.
The high degree of completion has been achieved by, inter alia, use of the Pioneering Spiritlifting vessel. The vessel’s ground-breaking lifting technology enables completion and testing of bigger topsides onshore before they are installed in a single lift offshore. Carrying out the work onshore instead of offshore leads to major savings and reduced health, safety and environment risk.
The single-lift installation technology was introduced globally during the installation of the drilling platform on Johan Sverdrup last summer.
Now the vessel will be put to work again, first by lifting the 26,000-tonne processing platform for Johan Sverdrup which according to plan will occur in the next couple of days, before the vessel returns to Stord to pick up the 18,000-tonne living quarters topside.
At the Rosenberg WorleyParsons yard in Stavanger yesterday Equinor and the Johan Sverdrup partners celebrated that the two last bridges and the flare tower for the processing platform were ready for sail-away to the field.
With this, Johan Sverdrup is ready for installing the five last pieces constituting the first phase of the giant project puzzle.
Media is invited to attend the sail-away ceremony at Kværner’s yard on Stord at 10.30. Latest arrival is at 10.15.
The following people will take part in the event:
Kjell-Børge Freiberg, minister of petroleum and energy in Norway
Arne Sigve Nylund, executive vice president for Development and Production Norway, Equinor
Karl-Petter Løken, CEO, Kværner
Jan Egil Brændeland, president of Oil & Gas, KBR
Gaute Straume Epland, mayor of Stord
Equinor has received the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf (NCS) during the last three years.
Several of these installations were originally scheduled for shutdown already, or in only a few years. Instead, the extensions will give many more years of operation on the NCS.
“Field life extension is an excellent way of managing resources, as it creates high value from established fields, where we cooperate with our suppliers on safe operation and lower emissions every single day. It also creates more activity offshore, in line with our ambition of pursuing our profitable and sustainable development of the NCS,” says Arne Sigve Nylund, executive vice president for Development and Production Norway.
The eight life extensions involve Gullfaks A, B and C (2036), Oseberg East (2031), Snorre A and B (2040), Norne (2036) and Åsgard A (2030).
“It helps secure thousands of jobs offshore and onshore and considerable revenue to society, owners and suppliers. As an example, Gullfaks is currently creating more than 1500 jobs directly on three platforms, in addition to onshore jobs with Equinor and our suppliers and local spinoffs across the country,” says Nylund.
In 2018, Gullfaks produced oil and gas at a value of close to NOK 28 billion and investments of NOK 4.7 billion were made.
Equinor plans to extend the life of more than 20 NCS installations in total. The company is expected to apply for extending the life of all older and relevant installations by 2031.
Equinor has submitted applications for consent to the authorities for further operation of Vigdis, Tordis and Veslefrikk. Applications for life extension of Troll B and Heidrun Subsea are scheduled to be submitted this year.
“Safe and efficient operation of our fields also form the basis for innovation relating to carbon capture and storage, floating offshore wind farms and hydrogen,” says Nylund.
At this year’s capital markets update Equinor presented plans that will lead to record production from its operated NCS installations in 2025.
Continuous focus on extending the life of our fields is one of the reasons for the company’s record production.
Merck Foundation calls for Applications for "Merck More Than a Mother" Fashion Awards in partnership with the First Lady of Zambia and Zambia Fashion Week
Merck Foundation invites application from all Fashion Designers of Zambia to create a design with the aim to break the stigma around infertility in Zambia and rest of Africa
LUSAKA, Zambia, March 14, 2019/ — Merck Foundation (www.Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany announces the Call for Application of "Merck More Than a Mother" Fashion Awards in partnership with H.E. ESTHER LUNGU, The First Lady of Zambia, together with Zambia Fashion Week.
"All Fashion Designers are invited to create a design with the aim to deliver strong and influential messages to empower infertile women and say "No to Infertility Stigma". Designs ideas can also deliver messages to encourage men to speak openly about their infertility, because 50% of infertility causes are due to male factor", explained Dr. Rasha Kelej, CEO of Merck Foundation and President of Merck More Than a Mother
Who can apply?
All Fashion Designers from Zambia
How to apply?
The applicants are requested to send the sketches of their creations as an attachment on email: email@example.com.
Please mention the subject: Merck Foundation Fashion Awards and add your name, your email and contact number.
Last date of submission:
Entries can be submitted till 30th June 2019.
"No designer has ever, or would ever, say that he or she wanted to make things difficult for women. Fashion industry has already got enough flakes for being superficial. Let's change this perception and create a meaningful fashion trend aiming to educate our communities that 'Fertility is a Shared Responsibility'. I love fashion and I strongly believe that we will be able to select a creative design or designs that Men and/or Women would be proud to wear to show their contribution toward breaking the infertility stigma in their communities, villages, cities, across Africa and the rest of the world" emphasized Dr. Rasha Kelej, CEO of Merck Foundation and President of Merck More Than a Mother.
"Designers it's time to showcase your talent and contribute towards making a difference in society with your unique creations." Dr. Rasha Kelej added.
The best 10 submissions will be selected by 'Merck More Than a Mother' committee. Winners will be granted $500 each to execute their designs and will have an opportunity to exhibit them during the Zambia Fashion Week which will be conducted in Lusaka. Also, the model will get his or her winning outfit.
Merck Foundation plans to scale up this initiative in many more African Countries.
Merck Foundation established a long term partnership with the First Lady of Zambia and Ministry of Health to build healthcare capacity with the aim of improving access to equitable and quality healthcare solutions nationwide.
Merck Foundation has also appointed Her Excellency First Lady of Zambia to be the Ambassador of Merck More Than a Mother campaign to empower infertile women through access to information, health and change of mindset to break the stigma around infertility. Through this campaign, Merck Foundation has trained the first Fertility specialists in Zambia, and will continue to train more candidates to help infertile couples across the country.
Distributed by APO Group on behalf of Merck Foundation.
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Join Merck Foundation online community to exchange experience and information with other healthcare providers, researchers, students, policy makers and community members in Africa and beyond. www.Merck-Foundation.com free registration.
About 'Merck More Than a Mother' campaign:
"Merck More Than a Mother" initiative aims to empower infertile women through access to information, education and health and by changing mind-sets. This powerful initiative supports governments in defining policies to enhance access to regulated, safe and effective fertility care. It defines interventions to break the stigma around infertile women and raises awareness about infertility prevention and management. In partnership with academia, ministries of health and international fertility societies, the initiative also provides medical education and training for healthcare providers and embryologists to build and advance fertility care capacity in Africa and developing countries.
With "Merck More than a mother", we have initiated a cultural shift to de-stigmatize infertility on all levels: By improving awareness, training the skills of local experts, building advocacy in cooperation with decision makers and by supporting childless women in starting their own small business. It's all about giving every woman the respect and the help she deserves to live a fulfilling life, with or without a child.
The Ambassadors of "Merck More Than a Mother" are: H.E. ESTHER LUNGU, The First Lady of Zambia; H.E. NEO JANE MASISI, The First Lady of Botswana; H.E. DENISE NKURUNZIZA, The First Lady of the Republic of Burundi; H.E. BRIGITTE TOUADERA, The First Lady of Central Africa Republic; H.E. HINDA DEBY ITNO, The First Lady of Chad; First Lady of Ghana, H.E. REBECCA AKUFO-ADDO; H.E. DJÈNÈ CONDÈ, The First Lady of Guinea-Conakry; H.E. FATOUMATTA BAH BARROW, The First Lady of Gambia; H.E. AISSATA ISSOUFOU MAHAMADOU, The First Lady of Niger; H.E. FATIMA MAADA BIO, The First Lady of Sierra Leone.
Also, part of the campaign is our Merck Embryology & Fertility Training Program, a three-month hands-on practical course in partnership with IRSI, Indonesia, IIRRH, India and Manipal Academy of Higher Education (Manipal University), India to establish the platform of fertility specialists across Africa and developing countries. Merck Foundation provided for more than 84 candidates, in clinical and practical training for fertility specialists and embryologists in more than 29 countries across Africa and Asia such as: Chad, Niger, Central African Republic, Cote D'Ivoire , Ghana, Ethiopia , Uganda, Kenya, Tanzania , Zambia , Nigeria, Benin, Mali, Burkina Fuso, Senegal, Guinea Conakry, Sierra Leone, Liberia, Cameron, Rwanda, Botswana, DR Congo , Congo Brazzaville, Gambia , Nepal, Sri Lanka, Bangladesh, Myanmar and Cambodia.
Merck Foundation is making history in many African countries where they never had fertility specialists or specialized fertility clinics before 'Merck More Than a Mother' intervention, to train the first fertility specialists such as; in Sierra Leone, Liberia, The Gambia, Niger, Chad, Guinea, Ethiopia and Uganda.
About Merck Foundation:
The Merck Foundation (www.Merck-Foundation.com), established in 2017, is the philanthropic arm of Merck KGaA Germany, aims to improve the health and wellbeing of people and advance their lives through science and technology. Our efforts are primarily focused on improving access to innovative healthcare solutions in underserved communities, building healthcare and scientific research capacity and empowering people in STEM (Science, Technology, Engineering, and Mathematics) with a special focus on women and youth. All Merck Foundation press releases are distributed by e-mail at the same time they become available on the Merck Foundation Website. Please go to www.Merck-Foundation.com to read more and/or register online to interact and exchange experience with our registered members.
Merck (MerckGroup.com) is a leading science and technology company in healthcare, life science and performance materials. Almost 53,000 employees work to further develop technologies that improve and enhance life – from biopharmaceutical therapies to treat cancer or multiple sclerosis, cutting-edge systems for scientific research and production, to liquid crystals for smartphones and LCD televisions. In 2017, Merck generated sales of € 15.3 billion in 66 countries.
Founded in 1668, Merck is the world's oldest pharmaceutical and chemical company. The founding family remains the majority owner of the publicly listed corporate group. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the company operates as EMD Serono, MilliporeSigma and EMD Performance Materials.