(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) SYNLAB has sold its operations in Eastern Europe—specifically in Croatia, Cyprus, North Macedonia, Romania, Slovenia, and Turkey—to Medicover Group, a major European healthcare provider. This move, representing about 1.5% of SYNLAB’s 2024 revenue, is part of the company’s … Read the full press release
Posted in Business, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Science, Technology
Tagged capital deployment, CROATIA, Cyprus, diagnostic services, divestiture, Eastern Europe, Mathieu Floreani, Medicover Group, network densification, NORTH MACEDONIA, partnership, portfolio management, revenue 2024, Romania, Slovenia, specialty testing, strategic growth, Synlab, Turkey
(IN BRIEF) bp has announced its intention to sell its mobility and convenience business in Austria as part of a strategic move to focus on its downstream operations. The sale includes over 260 retail sites (approximately 120 company-owned), EV charging … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Industrial, Retail, United Kingdom
Tagged Austria, Austrian retail sites, BP, divestiture, downstream strategy, Emma Delaney, EV charging, fleet business, Linz fuel terminal NOJV, mobility & convenience, portfolio reshaping, regulatory approvals, sale process, strategic sale
(PRESS RELEASE) LUDWIGSHAFEN, Germany, 3-Jan-2020 — /EuropaWire/ — BASF completes the sale of its ultrafiltration membrane business to DuPont Safety & Construction (DuPont). The transaction includes the shares of inge GmbH, the business’ headquarters and production site in Greifenberg, Germany, … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Metals and Minerals, News
Tagged BASF, BASF’s Performance Chemicals, divestiture, divestment, DuPont, DuPont Safety & Construction, fuel, inge GmbH, intellectual property, kaolin minerals, lubricant solutions, mining solutions, oilfield chemicals, plastic additives, shares, ultrafiltration membrane business
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