Tag Archives: divestment

Iberdrola agrees to divest its solar thermal power asset in Spain to ENCE

The transaction is part of its €3 billion asset rotation plan to 2022 The company maintains its renewable energy strategy in the Spanish market, focused on wind, hydroelectric and solar photovoltaic technologies BILBAO, 19-Oct-2018 — /EuropaWire/ — Iberdrola has agreed to divest … Read the full press release

Royal Dutch Shell plc to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for $1.9 billion to Norwegian Energy Company ASA (Noreco)

THE HAGUE, 18-Oct-2018 — /EuropaWire/ — Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) … Read the full press release

Ströer announces strategic sale of its Turkish out-of-home media business to Turkish co-shareholder

COLOGNE, 11-Oct-2018 — /EuropaWire/ — Ströer successfully sold its Turkish out-of-home media business. The former co-shareholder Murat Ilbak acquired the 90% shareholding in Ströer Kentvizyon for a transaction value of around EUR 15m. The Turkish business has not been part of … Read the full press release

Sanofi completes the divestment of its European generics business Zentiva to Advent

PARIS, 04-Oct-2018 — /EuropaWire/ — Sanofi has completed the previously announced divestment of its European generics business Zentiva to Advent International (Advent) effective September 30. The transaction was finalized ahead of schedule for €1,9 billion (enterprise value). Sanofi announced the beginning … Read the full press release

Aegon to sell its businesses in Czech Republic and Slovakia to NN Group for EUR 155 million

The HAGUE, 16-Aug-2018 — /EuropaWire/ — Aegon has agreed to sell its businesses in Czech Republic and Slovakia for EUR 155 million to NN Group. The transaction is consistent with Aegon’s strategic objective to optimize its portfolio and capital allocation … Read the full press release

Covestro’s Polycarbonates (PCS) sheets business in Sheffield (US) sold to Plaskolite

US Polycarbonates sheets business sold to Plaskolite LEVERKUSEN, 10-Aug-2018 — /EuropaWire/ — Germany-based materials manufacturer Covestro yesterday successfully closed the sale of Covestro’s Polycarbonates (PCS) sheets business in Sheffield (US) to Plaskolite. Acrylics sheets manufacturer Plaskolite will continue operations at the … Read the full press release

Saint-Gobain sold its façade installing and glass replacing activities in the United Kingdom to an affiliate of CoBe Capital

Courbevoie, France, 02-Aug-2018 — /EuropaWire/ — Following a strategic review of its British glass business, Saint-Gobain has sold, effective August 1st 2018, its façade installing and glass replacing activities in the United Kingdom (UK), to an affiliate of CoBe Capital. Trading … Read the full press release

Funds advised by Triton to acquire the business unit SKF Motion Technologies from SKF Group

STOCKHOLM/ GOTHENBURG, 01-Aug-2018 — /EuropaWire/ — Funds advised by Triton (“Triton”) have signed an agreement of its intention to acquire the business unit SKF Motion Technologies from SKF Group, listed on Nasdaq Stockholm. Triton intends to form a standalone company under … Read the full press release

Volvo Group completes divestment of Chinese subsidiary holding shares in Inner Mongolia North Hauler Joint Stock for approximately SEK 1.0 billion

GOTHENBURG, 14-May-2018 — /EuropaWire/ — Volvo Group has now completed the previously announced divestment of a Chinese subsidiary holding shares in Inner Mongolia North Hauler Joint Stock Co., Ltd (NHL) for approximately SEK 1.0 billion. The divestment resulted in a capital … Read the full press release

Salini Impregilo appointed Goldman Sachs to assess strategic options for the Plants and Paving business unit of Lane

MILAN, 04-May-2018 — /EuropaWire/ — In the context of consolidating its growth strategy in the US large infrastructure business sector, Salini Impregilo is currently evaluating several investment opportunities as well as non-core asset divestments options. To this end Salini Impregilo … Read the full press release

Telia Company, Turkcell divest 100 percent of their holding in Geocell LLC to Georgia’s largest fixed network operator

SOLNA, 22-Mar-2018 — /EuropaWire/ — Fintur Holdings B.V. (Fintur), jointly owned by Telia Company and Turkcell, today completed the divestment of its holding in Geocell LLC, to the Georgian telecommunications company JSC Silknet. On 26 January, 2018, Telia Company and Turkcell … Read the full press release

Telenor sells its assets in Central and Eastern Europe (CEE) to PPF Group for EUR 2.8 billion

Fornebu, Norway, 21-Mar-2018 — /EuropaWire/ — Telenor has entered into an agreement to sell its assets in Central and Eastern Europe (CEE) to PPF Group for EUR 2.8 billion (around NOK 27 bn) on an enterprise value basis. The Board of … Read the full press release

Groupe BPCE to divest 100% of Banque des Mascareignes to Groupe Banque Centrale Populaire and Groupe Sipromad

PARIS, 23-Feb-2018 — /EuropaWire/ — Groupe BPCE announces the signature of an agreement providing for the divestment of 100% of Banque des Mascareignes to Groupe Banque Centrale Populaire and Groupe Sipromad. The agreement concerns the divestment by BPCE International of Banque … Read the full press release

Vattenfall to sell Vattenfall Europe PowerConsult GmbH to the Private Equity Investor Palero capital GmbH

Stockholm, Sweden, 28-2-2014 — /EuropaWire/ — Vattenfall has decided to sell Vattenfall Europe PowerConsult GmbH, (VPC, a leading engineering and laboratory services company with overall 535 employees) to the Private Equity Investor Palero capital GmbH. The parties have agreed not to … Read the full press release

ING completed the divestment of ING Life Korea to MBK Partners

Amsterdam, Netherlands, 27-12-2013 — /EuropaWire/ — ING announced today that it has completed the divestment of ING Life Korea to MBK Partners, a Korean private equity firm, for a total purchase price of approximately EUR 1.27 billion. In line with the … Read the full press release

Fortum agreed to sell its electricity distribution business in Finland to Suomi Power Networks Oy for EUR 2.55 billion

Helsinki, Finland, 13-12-2013 — /EuropaWire/ — Fortum has agreed to sell its electricity distribution business in Finland to Suomi Power Networks Oy, which is owned by a consortium of Finnish pension funds Keva (12.5%) and LocalTapiola Pension (7.5%) together with international … Read the full press release

Ahlstrom received clearance from European Commission and Brazilian competition authority CADE for its divestment deal with Perusa Group

Helsinki, Finland, 25-11-2013 — /EuropaWire/ — Ahlstrom, a global high performance fiber-based materials company, announces that the European Commission and the Brazilian competition authority CADE have approved Perusa Group as the buyer for Ahlstrom’s pre-impregnated décor papers and abrasive paper backings businesses. … Read the full press release

The Banco de España divested its holding in Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A.

Madrid, Spain, 7-11-2013 — /EuropaWire/ — The Banco de España has, through an accelerated bookbuilding competitive process, sold 4,460,913 shares in Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A. (BME), accounting for 5.335% of its capital stock, at a price … Read the full press release

Banco Comercial Portugues, S.A.’s subsidiary BCP Investment B.V. divested its holding in Piraeus Bank

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR  ANY OTHER JURISDICTION … Read the full press release

Vivendi divested 85% interest in Activision Blizzard for $8.2 billion in cash

Paris, France, 25-10-2013 — /EuropaWire/ — Vivendi announced today the completion of the divestment of over 85% of its interest in Activision Blizzard. The Group has received cash proceeds totaling $8.2billion. This divestment represents a major step forward in the strategic review Vivendi … Read the full press release

CapMan announced it sold medical imaging services company Curato AS to Altor Fund III

Funds managed by CapMan have signed an agreement to sell Curato AS, a leading provider of medical imaging services in Norway, to Altor Fund III. 25-9-2013 — /EuropaWire/ — Curato provides medical imaging (radiology) services in Norway and its main customers … Read the full press release

ING sold its wholly owned life insurance business in South Korea “ING Life Korea” to Korea’s largest private equity firm MBK Partners for € 1.24B

Sale is next major step in divestment of Asian insurance/investment management units ING to receive total cash proceeds of approx. KRW 1.84 trillion (EUR 1.24 billion) ING to hold an indirect stake of around 10% in ING Life Korea for … Read the full press release

Alpiq announced it divested its shareholding in Romande Energie Holding SA

23-7-2013 — /EuropaWire/ — Following a cross-shareholding agreement between Romande Energie Holding SA (hereinafter referred to as REH, securities number: HREN, ISIN: CH0025607331) and Holdigaz SA, REH yesterday exercised the remaining call option to repurchase its own shares. Alpiq will thus … Read the full press release

DONG Energy announced it divested ownership interest in municipal utility company Stadtwerke Lübeck GmbH

12-7-2013 — /europawire.eu/ — On 14 May 2012, DONG Energy announced considerations about its future involvement in the municipal utility company Stadtwerke Lübeck GmbH. DONG Energy has a 25.1 % stake. Whilst still subject to certain conditions including merger control clearance in Germany, … Read the full press release

Fortum agreed to sell its 33% holding in Norwegian Infratek ASA for EUR 37M to fund advised by Triton

3-7-2013 — /europawire.eu/ — Fortum has agreed to sell its 33% holding in Norwegian Infratek ASA to a fund managed by Triton. The sales price is approximately EUR 37 million. The divestment is in line with Fortum’s aim to strengthen its strategic … Read the full press release

EC approves Munksjö AB / Ahlstrom Corporation merger

Brussels, 27-5-2013 — /europawire.eu/ — Following an in-depth investigation (see IP/12/1338), the European Commission has approved under the EU Merger Regulation the proposed merger of Munksjö AB of Sweden and the label and processing paper business of Ahlstrom Corporation of Finland in the … Read the full press release

KBC reacts to legal action against Blagosostoyanie’s acquisition of Absolut Bank, KBC’s banking subsidiary in Russia

Brussels, 20-5-2013 — /europawire.eu/ — KBC takes note of the legal action started before the President of the Brussels Court of Commerce by four private customers of Blagosostoyanie against the Russian pension fund’s acquisition of Absolut Bank, KBC’s banking subsidiary in Russia. … Read the full press release