Fintech PR
Rönesans Holding finalises funding for Türkiye’s major Northern Marmara Motorway Project

- Motorway project will revolutionise Istanbul’s east-west road connections, with new corridor between Asian and European sides of the city
- City centre will now have new direct access to Istanbul Airport
- The project sets new benchmark for sustainable infrastructure in Türkiye
ISTANBUL, Oct. 21, 2024 /PRNewswire/ — On Friday 18th October, Rönesans Holding announced the financial closing ceremony for the Nakkaş-Başakşehir section of the Northern Marmara Motorway Project in Türkiye – a project that has received €1.43 billion in investment.
Nakkaş-Başakşehir section of the Northern Marmara Motorway Project is a milestone for Istanbul’s east-west connectivity, bypassing Istanbul’s congested road network to the north and providing additional dual carriageway between Asia and Europe.
The motorway will also enhance access to Istanbul’s new airport via its new toll road, linking the western and northern districts of the city.
Commuters, businesses, and logistics operators will benefit from quicker travel times and lower transportation costs, alongside improved road safety and reduced congestion.
The project is one of Türkiye’s highest-value investments in the road sector and involves a 31.3-kilometer toll road, including a 1.6-kilometer cable-stayed bridge, and multiple overpasses and underpasses. Key components of the project include advanced tolling systems and sustainable construction techniques.
Erman Ilıcak, President of Rönesans Holding, said: “We’re proud to be setting a new standard for transportation in Türkiye with the Nakkaş-Başakşehir Project. We’d particularly like to thank our consortium partners, under the leadership of Samsung C&T Corporation, for their confidence in us throughout this project, and for their investment in Türkiye. Not only will the motorway drastically cut travel times for individuals and businesses in Istanbul, it will also take the country’s sustainable development to the next level. This is a motorway of the future, built with people, society and the environment in mind – elements we hope to see replicated across global infrastructure projects moving forwards.”
Se Chul Oh, President and CEO of Samsung C&T said: “This project is expected to enhance economic cooperation between the two countries. Moreover, it holds a great significance as K-Team produces meaningful outcomes, bringing skilled technique and policy support from public organizations, including Korean Expressway Corporation, KIND and PIS Fund. We will keep this momentum going to create additional cooperative opportunities in Türkiye, CIS and Eastern European markets, beyond this successful partnership with Rönesans.”
Sustainability lies at the heart of Nakkaş-Başakşehir’s design. For example, a Solar Energy Generating System with capacity of 2MW will be installed, with clean energy from the solar panels set to power the motorway’s operations and management (O&M) centre and service stations.
The replacement of over 4,500 sodium lights with LEDs is expected to reduce energy consumption by c. 37.5% (35+ MWh) during the project lifetime. Additionally, all O&M motorway vehicles will be hybrid or electric, estimated to save around 112,000 liters of fuel consumption per year.
Overall, the project is set to save 7.9 million tonnes of GHG emissions over 30 years. Specifically, it will reduce particulate matter (PM) emissions by 1,399 tonnes, nitrogen oxides (NOx) by 58,699 tonnes, and sulfur dioxide (SO2) by 95 tonnes.
The Nakkaş-Başakşehir section of the Northern Marmara Motorway is being developed under a Build-Operate-Transfer (BOT) model, led by Rönesans Holding A.Ş. The consortium includes prominent international partners such as Samsung C&T Corporation, KIND, KDB KIAMCO, and Korea Expressway Corporation.
The project is fully financed by international institutions, including the European Bank for Reconstruction and Development (EBRD), the Asian Infrastructure Investment Bank (AIIB), and the Islamic Development Bank – Islamic Corporation for the Development of the Private Sector (IsDB – ICD) as global development finance institutions (DFIs), along with Atradius and SERV as European export credit agencies, ICIEC, and a consortium of commercial lenders.
To date, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group, Rönesans Holding has invested more than €8 billion into projects in Türkiye and globally.
About Rönesans Holding
Rönesans Holding, the conglomerate’s leading investment entity headquartered in Ankara, is the 53rd largest international contracting company globally and one of the largest in Europe. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, energy, healthcare, real estate development and industrial investments. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.
Under the leadership of its president, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.
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Fintech PR
BingX Joins NBX 2025 as a Gold Sponsor: Empowering Blockchain Innovation

PANAMA CITY, March 15, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its participation as a Gold Sponsor at the 5th edition of Next Block Expo (NBX), scheduled for March 19-20, 2025, at Multikino Złote Tarasy in Warsaw, Poland. As one of Europe’s premier Web3 events, NBX 2025 is expected to attract over 2,000 attendees, making it a key platform for blockchain innovation and collaboration.
NBX serves as a dynamic hub for industry leaders, startups, investors, and developers, fostering knowledge-sharing and networking opportunities to drive the future of blockchain. As a firm advocate for Web3 advancements, BingX will showcase its ongoing commitment to innovation through an interactive booth, featuring engaging activities, expert insights, and exclusive giveaways. Attendees will gain firsthand knowledge of how BingX supports high-potential blockchain projects with financial backing, technical expertise, and strategic growth consultations.
In addition to its sponsorship, Vivien Lin, Chief Product Officer of BingX, will be a key speaker at NBX 2025, contributing to discussions on strategic trading approaches, risk management, and the evolving landscape of blockchain investments. She will also deliver a keynote speech exploring BingX’s vision for blockchain innovation and how the company translates emerging technologies into real-world applications.
“At BingX, we believe that true innovation comes from bold ideas and strategic execution,” said Lin. “Sponsoring NBX 2025 is more than just a presence for us — it’s a commitment to fostering a thriving blockchain ecosystem. We are here to connect with visionaries, provide the resources they need, and help shape the future of decentralized technology. By empowering builders and innovators, we’re not just supporting projects — we are accelerating the evolution of Web3 itself.”
BingX’s participation at NBX 2025 underscores its long-term vision of driving blockchain innovation and supporting the next generation of industry leaders. As BingX continues to expand its global footprint, initiatives like this sponsorship reinforce its role as a catalyst for growth in crypto space. By engaging with emerging projects, thought leaders, and investors, BingX remains at the forefront of Web3 advancements, bridging the gap between groundbreaking ideas and real-world impact.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/

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Fintech PR
Great Bay Insurance Group announces executive changes

WEST ATLANTIC CITY, N.J., March 14, 2025 /PRNewswire/ — The Great Bay Insurance Group (the “Group”), a leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Timothy J. Byrne, Jr., has been named as President of the Group and Ronald R. Lovatt has been named President of Great Bay Insurance Company, a wholly owned affiliate of the Group.
Mr. Byrne Jr. has nearly 15 years of industry experience and previously served as the Group’s Chief Operating Officer overseeing the Groups operations and underwriting strategies.
Mr. Timothy J. Byrne, Sr., Chief Executive Officer of the Group, added, “I’m excited to announce the promotion of Tim Jr. to the role of President of The Great Bay Insurance Group and Ron to the role of President of Great Bay Insurance Company. Tim Jr. and Ron have been an integral part of the Group since its founding in 2019.”
As President, Tim Jr. will provide oversight for all corporate support functions and will continue to report to Tim Sr.
Mr. Byrne Jr. holds a BS in Economic and Mathematics from the University of Vermont, an MBA in Risk Management and Insurance from St. John’s University and holds a CPCU designation.
Mr. Lovatt has 40 years of broad insurance industry experience in leadership capacities with international, national, regional and start-up insurance companies. Ron is a founding member of The Great Bay Insurance Group, working with Tim Sr. & Tim Jr. to launch Great Bay in late 2019. Ron currently serves as Chief Underwriting Officer & Chief Claims Officer for The Great Bay Insurance Group, has an MBA from The Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in Economics, Finance, Accounting & Marketing from Miami University.
Contact:
Investor Relations
Brian Schleider, CPA
Chief Financial Officer
609-434-2000, x102
brian.schleider@greatbayinsure.com
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Fintech PR
Forward Global responds to surge in UK shareholder activism with launch of UK Corporate Contests Practice

LONDON, March 14, 2025 /PRNewswire/ — International risk management firm Forward Global launched its UK Corporate Contests Practice on Tuesday in response to what is described as “all-time high of shareholder activism” in London and Paris.
Speaking ahead of the launch on Tuesday night, Brendan Foo, Partner and Global Head of Corporate Contests at Forward Global, said “As activism gains currency as an asset class, savvy investors are looking toward the UK and Europe to generate alpha. Indeed, in 2025 alone, we have seen an unprecedented demand for our services not just in our traditional strongholds of the US and Canada, but also in the UK and Europe. This reflects the surge in activist (and active) engagements, with which our team is uniquely well-placed to assist.”
Forward Global’s Corporate Contests Practice was established to meet demand from law firms, investors, and advisers to provide a comprehensive suite of services to support companies in high-stakes shareholder engagements. In keeping with the firm’s established activism practice in the US, the new London offering will deliver investigative and intelligence work such as vetting board nominees, relationship mapping, scrutinizing the track records of both incumbents and challengers, and conducting deep-dive reputation analyses. In Europe, Forward Global’s Patrice Lambert-de Diesbach offers clients battle-tested expertise in investor relations and financial communications.
Shareholder activism in the UK has expanded significantly, with campaigns becoming more frequent and sophisticated. In 2023, the number of new public activist campaigns in Europe surged by 68%, with the UK remaining a primary target. US-based activist investors have also increased their focus on UK firms, launching 40% of all UK activist campaigns in 2024. With contested boardroom battles and regulatory shifts on the rise, the expansion of Forward Global’s Corporate Contests practice into the UK is well-timed, equipping issuers with the intelligence and strategies needed to navigate this evolving landscape.
The firm launched the new practice at an exclusive gathering at the International Institute of Strategic Studies in London, bringing together leading voices from the shareholder activism space to discuss the evolving landscape of transatlantic shareholder activism.
The panel discussion, featuring Brendan Foo, Patrick J. McHugh of Okapi Partners, and Sebastian Fain of Freshfields, explored critical considerations for US investors entering the UK market and vice versa, differences in engagement styles across jurisdictions, and strategies for issuers to proactively engage with both activist and active investors. Panelists also examined the impact of anti-DEI and ESG sentiment on investor relations in the UK, as well as how issuers can adapt to evolving regulatory and institutional expectations.
John Watts, Managing Partner of Forward Global UK, added, “Forward Global’s new UK Corporate Contests Practice is designed to provide companies with the strategic intelligence and investigative depth needed to navigate an increasingly complex activist landscape. Our team is committed to equipping clients with the tools to engage proactively with investors, safeguard their strategic interests, and strengthen shareholder relations across Europe.”
Notes for Editors
Forward Global is an international group, with its historic headquarters in France, boasting five main offices in Paris, Brussels, London, Miami, and Washington. As a leading player in risk management with over 450 employees and 30 partners, Forward Global offers an integrated approach across the three major risks: digital, economic, and informational.
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