(IN BRIEF) Henkel has completed the sale of its Retailer Brands business in North America to First Quality Enterprises, marking the final step in its portfolio optimization strategy. The business, which includes products in the detergents, fabric finishers, and dishwash … Read the full press release
Posted in Business, Chemicals, Germany, Investment, Retail
Tagged acquisition, all®, Carsten Knobel, Consumer Brands, detergents, Dial®, dishwash categories, divestment, fabric finishers, First Quality Enterprises, got2b®, Henkel, laundry and home care market, North America, portfolio optimization, regulatory approvals, Retailer Brands business, Schwarzkopf®, Snuggle®, Strategic fit, Wolfgang König
(IN BRIEF) BASF, in line with its global strategy for 1,4-butanediol (BDO), commenced the process to divest its shares from joint venture companies in Korla, China, due to environmental concerns and evolving market dynamics. The decision follows an assessment of … Read the full press release
Posted in Business, Chemicals, Economy, Environment, Financial, Germany, Government, Industrial, Management, News
Tagged BASF, CHINA, divestment, sustainability, Xinjiang Joint Ventures
(IN BRIEF) Equinor has signed an agreement to sell all its remaining assets in Azerbaijan to SOCAR (State Oil Company of Azerbaijan Republic). These assets include stakes in the Azeri Chirag Gunashli (ACG) oil fields, the Baku-Tbilisi-Ceyhan (BTC) pipeline, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged ACG, Azerbaijan, Azeri Chirag Gunashli, Baku-Tbilisi-Ceyhan, BP, divestment, Equinor, oil fields, Philippe Mathieu, Rovshan Najaf, SOCAR
(IN BRIEF) Vattenfall has agreed to sell the Norfolk Offshore Wind Zone to RWE for £963 million, ensuring the continued development of three wind farms off the east coast of England. The Norfolk Zone, with a total capacity of 4.2 … Read the full press release
(IN BRIEF) SGS has signed an agreement to sell its US powertrain testing operations to Columbia River Partners, a private equity firm specializing in industrials, business services, and IT services. The divested operations encompass combustion engine services, powertrain component testing, … Read the full press release
Posted in Automotive, Business, Financial, Industrial, Management, News, Switzerland, Technology
Tagged Columbia River, divestment, Frankie Ng, partnership, SGS, US Powertrain Testing Operations
(IN BRIEF) EQT Private Equity has agreed to sell Schülke, a provider of infection prevention solutions for the healthcare industry, to the ATHOS Consortium. Under EQT’s ownership, Schülke focused on the healthcare market, expanded into new geographies, and became a … Read the full press release
Posted in Business, Financial, Germany, Healthcare, Investment, Sweden
Tagged acquisition, Bitburger Holding, divestment, EQT, EQT Private Equity, infection prevention solutions, Schülke
(IN BRIEF) Electrolux Group has announced its plans to divest Zanussi and other non-core brands, including production facilities in Egypt and water heater production facilities in Egypt and South Africa. The potential divestment value of these assets is estimated to … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, News, Sweden
Tagged divestment, Electrolux Group, Jonas Samuelson, Zanussi
(IN BRIEF) ABB has successfully completed the divestment of its Power Conversion division to AcBel Polytech Inc. for an enterprise value of $505 million. This transaction marks the completion of all divisional portfolio divestments announced by ABB in late 2020. … Read the full press release
Posted in Business, Investment, Management, News, Switzerland, Technology
Tagged ABB, AcBel Polytech Inc., divestment
(IN BRIEF) Triton, in partnership with the Triton Smaller Mid-Cap Fund I, has successfully sold Norres Baggerman Group, a leading manufacturer of industrial plastic hoses in Europe, to Nalka DACH Investments SA SICAF-RAIF. The terms of the transaction have not … Read the full press release
(IN BRIEF) Arriva Group has successfully sold its businesses in Denmark and Serbia to Mutares SE & Co. KGaA, an international financial investor. This sale is in line with Arriva Group’s strategy to focus on its core markets in the … Read the full press release
Posted in Business, Denmark, Industrial, Investment, Management, Serbia, United Kingdom
Tagged Arriva Group, bus, Denmark, Deutsche Bahn, divestment, Mutares SE & Co. KGaA, rail, SERBIA, VR Group
(IN BRIEF) AFRY, a Swedish engineering consulting firm, has completed the divestment of its Russian subsidiary to local management. The divestment will not affect AFRY’s EBITA excluding items affecting comparability. The company had earlier communicated about the divestment, and it … Read the full press release
Posted in Business, Financial, Industrial, Management, News, Sweden
Tagged AFRY, divestment, local management, Russian unit
(IN BRIEF) Electrolux has announced that the divestment of its Memphis manufacturing facility in Tennessee, USA, will not be completed as intended. The buyer failed to close the deal, and the company will now seek an alternative buyer. The agreement … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged deal, divestment, Electrolux Group, manufacturing facility, Memphis, Springfield, Tennessee, USA
(NOTIZIA IN BREVE) TotalEnergies ha accettato di vendere tre linee di prodotti, tra cui quattro siti produttivi negli Stati Uniti e l’affiliata Cray Valley Italia, a Pacific Avenue Capital Partners. Le linee di prodotti da acquisire sono Wingtack, PolyBD e … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Investment, Management
Tagged C4, Carling, Cleartack®, Cray Valley, dismissione, divestment, Dymalink, Grand Junction, Kralupy, Krasol®, Pacific Avenue Capital Partners, PolyBD®, production sites, pure-monomer resin, resina monomerica pura, résine, resins, Ricon®, siti produttivi, TotalEnergies, Wingtack®
(IN BRIEF) TotalEnergies has agreed to sell three product lines, including four production sites in the United States and the Cray Valley Italy affiliate, to Pacific Avenue Capital Partners. The product lines to be acquired are Wingtack, PolyBD, and Dymalink, … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Investment, Management
Tagged C4, Carling, Cleartack®, Cray Valley, divestment, Dymalink, Grand Junction, Kralupy, Krasol®, Pacific Avenue Capital Partners, PolyBD®, production sites, pure-monomer resin, resins, Ricon®, TotalEnergies, Wingtack®
(IN BRIEF) Stora Enso has completed the sale of its paper production site in Hylte, Sweden, and all related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The sale is part of Stora Enso’s previously announced plan … Read the full press release
Posted in Business, Finland, Industrial, Management, Sweden
Tagged biocomposite, Biomaterials Innovations, building solutions, divestment, fiber, Hylte, Maxau, mill, packaging, packaging materials, paper, paper production, sawmill, Schwarz Produktion, Stora Enso, Sweden, Sweden Timber, Sylvamo
(IN BRIEF) A.P. Moller – Maersk has agreed to divest its Maersk Supply Service to A.P. Moller Holding, the parent company of the A.P. Moller Group, for a value of $685m. The divestment represents the final step in the separation … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Industrial, Investment, Management, Transportation & Logistics
Tagged A.P. Moller - Maersk, A.P. Moller Group, A.P. Moller Holding, divestment, DNB Bank ASA, ENERGY, logistics, Maersk, Maersk Drilling, Maersk Oil & Gas, Maersk Supply Service, Maersk Tankers, Martin Larsen, MSS, offshore marine services, offshore wind contractor, Patrick Jany, wind installation vessel
(IN BRIEF) Finnish specialty paper maker Ahlstrom is considering the possibility of divesting its Stenay plant in France, which produces one-side coated specialty papers for specific uses in the packaging sector. The plant has an annual capacity of around 55,000 … Read the full press release
Posted in Business, Finland, France, Industrial, Investment
Tagged Ahlstrom, divestment, France, Mark Ushpol, packaging, specialty papers, Stenay plant
(IN BRIEF) Maersk has reached an agreement to sell its logistics sites in St. Petersburg and Novorossiysk to IG Finance Development Limited. The sale comes as part of Maersk’s decision in March 2022 to discontinue its operations in Russia. The … Read the full press release
(IN KÜRZE) SGS hat zugestimmt, sein in den Niederlanden ansässiges Subsurface Consultancy (SSC)-Geschäft an Sproule, ein kanadisches Energieberatungsunternehmen, zu verkaufen. Das SSC bietet Dienstleistungen wie Reservezertifizierung, seismische Interpretation und integrierte Lagerstättenstudien für Kunden im vorgelagerten Energiesektor weltweit an. Der Verkauf … Read the full press release
(PRESS RELEASE) LONDON, 16-Jan-2023 — /EuropaWire/ — INEOS, a global chemical company, has announced that its subsidiary INEOS Enterprises, the operator of Europe’s largest compounds site, will acquire a major concrete additives business from Sika AG. The business, which has … Read the full press release
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