Tag Archives: divestment

BASF Initiates Divestment from Xinjiang Joint Ventures Amid Sustainability Strategy Shift

(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

Equinor and SOCAR Forge Agreement on Azerbaijan Asset Divestment and Low-Carbon Collaboration

(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

Vattenfall’s Norfolk Offshore Wind Zone Sold to RWE for £963 Million

(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

SGS Divests US Powertrain Testing Operations to Columbia River Partners in Strategic Portfolio Move

(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

Leading Infection Prevention Company, Schülke to Join ATHOS Consortium Following EQT Private Equity’s Strategic Ownership

(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

Electrolux Group Initiates Preparation for Divestment of Zanussi and Non-Core Brands

(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

ABB Completes Divestment of Power Conversion Division to AcBel Polytech Inc. for $505 Million

(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

Norres Baggerman Group Achieves Market Leader Status Under Triton Ownership, Sold to Nalka, an investment firm

Norres Baggerman Group Achieves Market Leader Status Under Triton Ownership, Sold to Nalka, an investment firm

(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

International Investor Mutares Acquires Arriva Group’s Assets in Denmark and Serbia

(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

AFRY concludes divestment of Russian unit to local management

(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

Electrolux Group’s Memphis manufacturing facility divestment deal fails to close as buyer defaults

(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

TotalEnergies per ottimizzare il portafoglio con la vendita delle linee di prodotti Cray Valley

(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

TotalEnergies to optimize portfolio with sale of Cray Valley’s product lines

(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

Stora Enso Completes Sale of Hylte Paper Production Site, Reducing Annual Sales by EUR 160 Million

(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

Maersk’s Divestment of Maersk Supply Service Marks Completion of New Strategy Around Integrated Logistics

(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

Ahlstrom Plans Divestment of Stenay Plant to Address Packaging Sector Challenges

(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

Maersk Sells St. Petersburg and Novorossiysk Sites to IG Finance Development

(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

Das Subsurface Consultancy Business von SGS findet im Rahmen der Restrukturierungsbemühungen ein neues Zuhause in Sproule

(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

INEOS Enterprises to acquire 35-site concrete additives business from Sika AG in order for them to complete acquisition of MBCC Group’s Admixture Business

(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

INEOS Enterprises amplía su presencia en el mercado de productos químicos para la construcción con la adquisición de los activos del Grupo MBCC de Sika AG

(COMUNICADO DE PRENSA) BAAR, 16-Jan-2023 — /EuropaWire/ — Sika (SWX: SIKA), una multinacional suiza fabricante de productos químicos y adhesivos para la construcción, ha anunciado que ha firmado un acuerdo con INEOS Enterprises, una subsidiaria de INEOS, para vender activos … Read the full press release

INEOS Enterprises expands its presence in the construction chemicals market with the acquisition of MBCC Group’s assets from Sika AG

(PRESS RELEASE) BAAR, 16-Jan-2023 — /EuropaWire/ — Sika (SWX: SIKA), a Swiss multinational manufacturer of construction chemicals and adhesives, has announced that it has signed an agreement with INEOS Enterprises, a subsidiary of INEOS, to sell select assets from its … Read the full press release

Stark group takes over Saint-Gobain’s distribution businesses in the United Kingdom for EUR 850 million

(PRESS RELEASE) COURBEVOIE, France, 12-Dec-2022 — /EuropaWire/ — Saint-Gobain (EPA: SGO), a French multinational producer of construction, high-performance, and other materials, has announced the divestment of its distribution businesses in the United Kingdom for EUR 850 million to Stark group, … Read the full press release

Skanska Commercial Property Development to sell the Sthlm 01 office building in Stockholm to Skanska Investment Properties for EUR 210 million

(PRESS RELEASE) STOCKHOLM, 1-Dec-2022 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced an internal transaction for the divestment of the the Sthlm 01 office building in Stockholm, Sweden owned by Skanska Commercial … Read the full press release

Funds advised by Agilitas Private Equity LLP to acquire the Maritime Traffic Management (MTM) business of Saab

(PRESS RELEASE) STOCKHOLM, 30-Nov-2022 — /EuropaWire/ — Saab AB (STO: SAAB-B), leading company in the military defence and civil security markets, has announced it will sell its Maritime Traffic Management (MTM) business to funds advised by Agilitas Private Equity LLP … Read the full press release

Die Übernahme der Holcim-Geschäfte Ambuja Cement und ACC durch den indischen Konglomerat Adani Group in Indien ist jetzt abgeschlossen

Adani Group hat die vollständigen Beteiligungen von Holcim an Ambuja Cement und ACC erworben Holcim erhielt einen Barerlös von USD 6,4 Milliarden (PRESSEMITTEILUNG) ZUG, 16-Sep-2022 — /EuropaWire/ — Holcim (SWX: HOLN), einer der weltweit führenden Anbieter von Zement und Zuschlagstoffen, … Read the full press release

Indian conglomerate Adani Group’s acquisition of Holcim’s businesses, Ambuja Cement and ACC, in India now closed

Adani Group has acquired Holcim’s full stakes in Ambuja Cement and ACC Holcim received cash proceeds of USD 6.4 billion (PRESS RELEASE) ZUG, 16-Sep-2022 — /EuropaWire/ — Holcim (SWX: HOLN), one of the world’s leading suppliers of cement and aggregates, … Read the full press release

Stora Enso sells the first out of four paper production assets it plans to divests

(PRESS RELEASE) HELSINKI, 13-Sep-2022 — /EuropaWire/ — Stora Enso (HEL: STERV), a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper, has announced the sale of the first out of four paper production assets it plans to … Read the full press release

Allianz Group divests 50.1 percent of its Russian business to Interholding LLC, the owner of Russian P/C insurer Zetta Insurance

Agreement aimed at ensuring continuity for clients and employees Transaction subject to regulatory approval (PRESS RELEASE) MUNICH, 3-Jun-2022 — /EuropaWire/ — Allianz Group (ETR: ALV), one of the leading integrated financial services providers worldwide, has announced the divestment of its … Read the full press release

Le groupe Allianz cède 50,1 % de ses activités russes à Interholding LLC, propriétaire de l’assureur P/C russe Zetta Insurance

Accord visant à assurer la continuité pour les clients et les employés Transaction soumise à l’approbation réglementaire (COMMUNIQUÉ DE PRESSE) MUNICH, 3-Jun-2022 — /EuropaWire/ — Groupe Allianz (ETR : ALV), l’un des leaders intégrés fournisseurs de services financiers du monde entier, … Read the full press release

Saint-Gobain announced the sale of certain glass processing businesses as part of its business profile optimization strategy

(PRESS RELEASE) COURBEVOIE, France, 27-May-2022 — /EuropaWire/ — Saint-Gobain (EPA: SGO), a French multinational producer of construction, high-performance, and other materials, has announced the sale of certain glass processing businesses in Germany and Austria. In Germany, the company has agreed … Read the full press release

Saint-Gobain gab den Verkauf bestimmter Glasverarbeitungsgeschäfte als Teil seiner Strategie zur Optimierung des Geschäftsprofils bekannt

(PRESSEMITTEILUNG) COURBEVOIE, France, 27-May-2022 — /EuropaWire/ — Saint-Gobain (EPA: SGO), ein französischer multinationaler Hersteller von Bau-, Hochleistungs- und andere Materialien, hat den Verkauf bestimmter Glasverarbeitungsunternehmen in Deutschland und Österreich bekannt gegeben. In Deutschland hat das Unternehmen dem Verkauf seiner Beteiligung … Read the full press release

Shell Neft LLC, Shell’s retail stations and lubricants business in Russia, now sold to PJSC LUKOIL

(PRESS RELEASE) LONDON, 25-May-2022 — /EuropaWire/ — Shell plc (AMS: RDSA), a Dutch-British multinational oil and gas company, has announced the completion of the sale of its retail stations and lubricants business in Russia, Shell Neft LLC, to PJSC LUKOIL, … Read the full press release

Alfa Laval no longer a shareholder in Neles Oyj, flow control solutions provider for process industries

(PRESS RELEASE) LUND, 14-Jan-2022 — /EuropaWire/ — Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has announced the divestment of its remaining holdings in Neles Oyj (HEL: NELES), a Finnish flow control solutions provider for … Read the full press release

Skanska sells its Two Drydock office building in Boston, USA to a global investment firm for EUR 207 million

(PRESS RELEASE) STOCKHOLM, 14-Dec-2021 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced the sale of its office building Two Drydock in Boston, USA to a global investment firm for EUR 207 million … Read the full press release

Danone divests its water and beverage business in Denmark

(PRESS RELEASE) PARIS, 16-Nov-2021 — /EuropaWire/ — Danone (EPA: BN), a world leading food company and a component of the CAC 40 stock market index, has announced the divestment of its water and beverage business in Denmark, Aqua d’Or. The … Read the full press release

Luleälven Fastigheter AB buys an office building in Kiruna, Sweden from Skanska in a deal worth SEK 260M (EUR 25M)

(PRESS RELEASE) STOCKHOLM, 30-Sep-2021 — /EuropaWire/ — Skanska (STO: SKA-B), a world leading project development and construction group, has announced the divestment of an office building in Kiruna, Sweden for about SEK 260M (EUR 25M). The buyer is Luleälven Fastigheter … Read the full press release

thyssenkrupp transformation: the company divests Acciai Speciali Terni (AST) to Arvedi, one of Europe’s most significant steel makers

Further milestone achieved in focusing the portfolio and realigning the group Stainless steel business will profit from new owner’s willingness to invest and attractive development prospects Parties agree not to disclose purchase price; closing expected within first half of 2022 … Read the full press release

Kuehne+Nagel successfully completed divestment of major part of its contract logistics business in the UK

UK transaction follows recent divestments in France, Argentina Continued commitment to scalable Contract Logistics solutions worldwide, especially in e-commerce and pharma (PRESS RELEASE) SCHINDELLEGI, 4-Jan-2021 — /EuropaWire/ — Global transport and logistics company Kuehne+Nagel announces that it has completed divestment … Read the full press release

Skanska sells its infrastructure services business in the UK to M Group Services for more than 55M EUR

(PRESS RELEASE) STOCKHOLM, 4-Dec-2020 — /EuropaWire/ — Multinational construction and development company Skanska announces that it has signed a binding Business Purchase Agreement (“BPA”) with M Group Services for the sale of its infrastructure services business in the UK for … Read the full press release

Skanska sells sustainable retirement home in Stockholm, Sweden for more than 30M EUR

(PRESS RELEASE) STOCKHOLM, 17-Jun-2020 — /EuropaWire/ — Multinational construction and development company, Skanska sells its sustainable retirement home in the new district of Täby Park in Stockholm, Sweden. The 80-apartment property was sold to SPP Fastigheter for more than 30M … Read the full press release