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AI & Enterprise

Mistral AI raises 3 billion euros as ASML deepens alliances

France\'s Mistral AI raised 3 billion euros, lifting its valuation to more than 21 billion euros. On the same day, ASML expanded cooperation on advanced lithography with Samsung Electronics and TSMC. The moves were linked to efforts by European companies to rebuild competitiveness in AI and semiconductors. Mistral AI said the Series D round, led by Samsung, was the largest fundraising by a European tech company.

Finance

Shinhan Bank issues 600 million euro green covered bond, draws 3.8 times target orders

Shinhan Bank issued a 600 million euro green covered bond after demand from European investors led it to raise the deal size above its initial target. The 3.5-year bond was priced at mid-swaps plus 19 basis points, with an annual coupon of 3.4116 percent. It drew 1.9 billion euros of orders, about 3.8 times the initial 500 million euro target. Moody\'s and Fitch rated the bond Aaa and AAA.

AI & Enterprise

Mistral raises 3 billion euros led by Samsung Electronics

French AI company Mistral said on Tuesday it raised 3 billion euros in a Series D funding round led by Samsung Electronics. The investment valued Mistral at more than 21 billion euros. EQT’s Scaleup Europe Fund and existing investor PSG Equity joined as co-lead investors. Advent, BlackRock-managed funds and accounts, and the Grand Duchy of Luxembourg joined as new investors. Mistral plans to use the funds for AI R&D, computing infrastructure, product development and global expansion.