(IN BRIEF) Alpiq’s Board has confirmed Peter-Wim Gerssen, a Dutch business economist and former CEO/CFO of Shell Asset Management Company, as its new CFO. Gerssen’s appointment follows Antje Kanngiesser’s praise for his expertise in financial transformation and M&A, and succeeds … Read the full press release
Posted in Business, Industrial, Investment, Management, Marketing, News, Switzerland, Technology
Tagged Alpiq Holding Ltd, Antje Kanngiesser, appointment, CFO appointment, debt reduction, energy transition, Financial Transformation, leadership, Luca Baroni, M&A strategy, Peter-Wim Gerssen, refinancing, Shell Asset Management Company, strategic growth, The Hague, Vrije Universiteit Amsterdam
(IN BRIEF) Dürr AG has agreed to sell its environmental technology business, Clean Technology Systems Environmental, to a Stellex Capital affiliate for an enterprise value of about €385 million, with net proceeds of roughly €250 million earmarked for debt reduction … Read the full press release
Posted in Business, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Technology
Tagged 12 countries, 16 locations, 2024 revenues €407 million, automation strategy, carbon capture, Clean Technology Systems Environmental, debt reduction, divestiture, Dr. Jochen Weyrauch, Dr. Sebastian Baumann, Durr AG, exhaust air purification, group simplification, heat storage, Karthik Achar, partnership, reinvestment, sound insulation systems, Stellex Capital Management, sustainability, €250 million net proceeds, €385 million enterprise value
(IN BRIEF) BayWa AG has agreed to sell Cefetra to Peter Goedvolk’s First Dutch, subject to regulatory approval, trimming its bank debt by over €650 million. Combined with a €500 million liability reduction from Raiffeisen Ware Austria shares earlier in … Read the full press release
Posted in Agriculture, Business, Economy, Financial, Germany, Government, Industrial, Investment, Management, Marketing, Netherlands, News, Technology
Tagged agricultural equipment, agriculture, antitrust approval, BayWa AG, building materials, Cefetra, debt reduction, divestment, Dr Frank Hiller, First Dutch, global supply chains, Heating & Mobility, liquidity, Michael Baur, partnership, Peter Goedvolk, Raiffeisen Ware Austria, transformation strategy
(IN BRIEF) K+S Aktiengesellschaft’s Supervisory Board has announced that Dr. Andreas Kreimeyer will not seek reappointment when his mandate expires at the Annual General Meeting on May 14, 2025. His decade-long tenure has significantly influenced the company’s strategic direction, including … Read the full press release
Posted in Business, Chemicals, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Annual General Meeting, appointment, Audit Committee, BASF SE, Crisis management, debt reduction, digitalization, Dr. Andreas Kreimeyer, Dr. Harald Schwager, Dr. Rainier van Roessel, Dr. Tilman Krauch, global technology, Governance, international competitiveness, IT, K+S Aktiengesellschaft, leadership, leadership transition, May 14 2025, Mr. Markus Heldt, Mr. Thomas Kölbl, personnel continuity, restructuring, specialty chemicals, strategic oversight, Supervisory Board, sustainability
(IN BRIEF) Telia Company has announced the sale of its TV & Media business, which includes TV4 in Sweden and MTV in Finland, to Schibsted Media for SEK 6.55 billion. This decision aligns with Telia’s strategy to focus on its … Read the full press release
Posted in Business, Entertainment, Management, Media, Sweden, Telecom
Tagged advertising-funded channels, connectivity business, customer satisfaction, debt reduction, EBITDA growth, enterprise value, financial outlook, Finland, Free cash flow, Market Abuse Regulation, MTV, MTV Katsomo, multi-year distribution partnership, Nordic media, Patrik Hofbauer, portfolio management, Q3 2025, regulatory approvals, Schibsted, Schibsted history, Schibsted Media, service revenue growth, Siv Juvik Tveitnes, streaming services, Sweden, Telia Company, TV & Media, TV4, TV4 Play
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