(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
Posted in Business, Energy, Gas & Oil, Financial, France, Government, Industrial, Investment, Management, News
Tagged divest, Jean-Pierre Sbraire, Minority Stake, Natref Refinery, partnership, Prax Group, South Africa, sustainability, TotalEnergies
(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
(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
Posted in Business, Investment, Management, News, Norway, Technology, Telecom
Tagged divest, M1 Group, Mobile Operations, Myanmar, Sigve Brekke, TELECOM, Telenor Group, Telenor Myanmar, Tormod Sandstø, Øystein Myrvold
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
Posted in Business, Energy, Gas & Oil, Investment, Switzerland
Tagged Alpiq, Alpiq Grid Beteiligungs AG, BKW Netzbeteiligung AG, divest, Swissgrid AG
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
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
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