Tag Archives: divest

TotalEnergies to Divest Minority Stake in South African Natref Refinery to Prax Group

(IN BRIEF) TotalEnergies has revealed its strategy to divest non-core assets by signing an agreement to sell its 36.36% minority stake in the National Petroleum Refiners of South Africa (Natref) to the Prax Group. The Natref refinery, situated in Sasolburg, … Read the full press release

Metso Outotec to divest two of its three Metals businesses

(IN BRIEF) Metso Outotec has announced the divestment of two of its three Metals businesses, Metals & Chemical Processing and Ferrous & Heat Transfer, following a strategic review. The company plans to focus on its Aggregates and Minerals businesses, while … Read the full press release

Telenor Group divests its mobile operations in Myanmar to M1 Group

(PRESS RELEASE) FORNEBU, 8-Jul-2021 — /EuropaWire/ — Telenor Group announces that it has entered into an agreement with M1 Group for the sale of 100 percent of its mobile operations in Myanmar. The transaction is worth of a total consideration of 105 million … Read the full press release

Alpiq to divest its non-strategic interest in Swissgrid AG

LAUSANNE, 10-Nov-2016 — /EuropaWire/ — Alpiq concluded the divestment of its non-strategic interest in Swissgrid AG on 8 November 2016. Alpiq will receive an amount of CHF 146 million, which will be used to further reduce net debt. On 6 … Read the full press release

Aktia Bank plc to divest further 24% of its holdings in Folksam Non-Life Insurance Ltd to Folksam General

Helsinki, 27-02-2015 — /EuropaWire/ — Aktia Bank plc (Aktia Bank) has today entered into an agreement to divest further 24% of its holdings in Folksam Non-Life Insurance Ltd (previously Aktia Non-Life Insurance Ltd) to Folksam General. Following the divestment, Aktia … Read the full press release

Fortum announced it decided to divest its electricity distribution business

Helsinki, Finland, 13-12-2013 — /EuropaWire/ — Fortum has completed the assessment of the future alternatives of its electricity distribution business that was launched in January 2013. After thorough consideration, the company has concluded that divesting the electricity distribution business is the best solution … Read the full press release