(PRESS RELEASE) SCHINDELLEGI, Switzerland, 9-Mar-2020 — /EuropaWire/ — Leading logistics group Kuehne + Nagel has announced it will divest a major part of its UK contract logistics portfolio. The NYSE listed transportation and logistics company XPO Logistics will take over … Read the full press release
Posted in Food & Beverage, Investment, News, Retail, Switzerland, Transportation & Logistics, United Kingdom
Tagged air logistics, contract logistics, divestment, Dominique Nadelhofer, Dr. Detlef Trefzger, drinks logistics, food services, integrated logistics solutions, Kuehne + Nagel, Kuehne + Nagel-Group, logistics, road logistics, sea logistics, UK contract logistics portfolio, XPO Logistics
(PRESS RELEASE) STOCKHOLM, 21-Feb-2020 — /EuropaWire/ — Skanska announces divestiture of an office building in Solna, Sweden for about SEK 3.3 billion (more than 300 million euros). Solna United, located next to Solna station in Arenastaden, was acquired by a … Read the full press release
Posted in Construction, Investment, News, Real Estate, Sweden
Tagged Arenastaden, construction, divestment, DWS, environmentally certified, Kalmar Energi, LEED Platinum, office building, Photovoltaic, renewable energy, Skanska, Skanska Commercial Development Nordic, solar energy, Solna, Solna United, Sweden
(PRESS RELEASE) COURBEVOIE, France, 7-Jan-2020 — /EuropaWire/ — Saint-Gobain closes sale of its expanded polystyrene (EPS) business in France to the Austrian and Swedish consortium Hirsch-BEWiSynbra on December 31, 2019. In 2018, the EPS business in France generated sales of … Read the full press release
Posted in Austria, Business, Chemicals, Construction, France, Investment, News, Sweden
Tagged construction, divestment, EPS, expanded polystyrene, Hirsch-BEWiSynbra, Saint-Gobain
(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
(PRESS RELEASE) STOCKHOLM, 11-Dec-2019 — /EuropaWire/ — Skanska sells 90 percent interest in the Bank of America Tower office property in Houston, Texas, USA to an affiliate of Beacon Capital Partners. The transaction amounts to USD 373 M, about SEK … Read the full press release
Posted in Construction, Infrastructure & Utilities, Investment, News, Real Estate, Sweden
Tagged Beacon Capital Partners, commercial properties, construction, culinary market, divestment, events center, HOUSTON, LEED Platinum, meeting venues, Office property, open-air community hub, restaurant, Skanska, Skanska USA Commercial Development, Texas, The Assembly, the Bank of America Tower, USA
(PRESS RELEASE) FRANKFURT AM MAIN, 13-Jun-2019 — /EuropaWire/ — Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) announced it completed the sale of its Private & Commercial Business in Portugal to ABANCA Corporación Bancaria S.A. (ABANCA) on June 9, 2019. The deal was … Read the full press release
(PRESS RELEASE) COURBEVOIE, France, 21-May-2019 — /EuropaWire/ — Saint-Gobain signs an agreement for the sale of its entire stake in Saint-Gobain Building Distribution Deutschland (SGBDD) following a competitive sale process. The buyer, the Stark group, is an important player in … Read the full press release
Posted in Business, Chemicals, Construction, France, Germany, Investment, News
Tagged acquisition, building materials, divestment, Saint-Gobain, Stark group
(PRESS RELEASE) THE HAGUE, 17-May-2019 — /EuropaWire/ — Aegon‘s partner in the variable annuity joint ventures in Japan Sony Life takes over its 50% stake. The transaction is for approximately EUR 130 million (JPY 16 billion). Commenting on the acquisition, … Read the full press release
Posted in Business, Financial, Insurance, Investment, Netherlands, News
Tagged acquisition, Aegon, Aegon Asset Management, Aegon Industrial Fund Management Company, Alex Wynaendts, critical illness, Dick Schiethart, divestment, insurance, Japan, life insurance, protection products, Sony Life, Sophie Dirkzwager-Kuijper, Transamerica Life Bermuda, variable annuity, whole life products
(PRESS RELEASE) COLOGNE, 9-May-2019 — /EuropaWire/ — Ströer continues to focus on its core business. After selling Foodist and Mobile Performance, Ströer sold its stake in the Nordic company Conexus, which it had acquired in 2015. Conexus is the third … Read the full press release
Posted in Business, Germany, Internet & Online, Investment, Marketing, Media, News
Tagged acquisition, Christian Schmalzl, Conexus, divestment, Foodist, investment, Mobile Performance, Statista, Ströer
Closing of sale to Procter & Gamble at a cash purchase price of € 3.4 billion completed Successful completion allows Merck to further focus on innovation driven businesses in Healthcare, Life Science and Performance Materials Transaction successfully closed within an ambitious timeframe … Read the full press release
Posted in Business, Germany, Healthcare, Pharma & Biotech
Tagged acquisition, Belén Garijo, divestment, health, Marcus Kuhnert, Merck, P&G, Procter & Gamble, science
ESPOO, 03-Dec-2018 — /EuropaWire/ — Citycon has sold shopping centre Sampokeskus in Rovaniemi, Finland to a fund managed by Trevian AIFM. The total purchase price amounts to approximately EUR 16 million, which is close to the asset’s latest IFRS fair value. … Read the full press release
Posted in Finland, Investment, Retail
Tagged Citycon, divestment, Finland, Grocery, retail, Rovaniemi, Sampokeskus, shopping centre, Tom Lisiecki, Trevian AIFM
STOCKHOLM, 15-Nov-2018 — /EuropaWire/ — As communicated in July, SSAB has agreed to divest Ruukki Construction’s business operations in Russia (OOO Ruukki Rus) to the Russian company OAO Salavatneftemash. The transaction has received the approval of the Russian competition authorities and … Read the full press release
Posted in Business, Construction, Industrial, Russia, Sweden
Tagged divestment, OAO Salavatneftemash, RUSSIA, Ruukki Construction, Sami Eronen, SSAB
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
Posted in Energy, Gas & Oil, Investment, Spain
Tagged clean energy, divestment, ENCE, Iberdrola, solar thermal power, Spain
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
Posted in Energy, Gas & Oil, Investment, Netherlands
Tagged Andy Brown, divestment, Lee Hodder, Noreco, shares, Shell
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
Posted in Business, Germany, Media
Tagged divestment, Media, Murat Ilbak, Ströer, Udo Müller
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
Posted in Business, France, Pharma & Biotech
Tagged Advent, divestment, generics, Sanofi, Zentiva
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
Posted in Business, Czech Republic, Insurance, Investment, Netherlands, Slovakia
Tagged Aegon, Alex Wynaendts, divestment, NN Group, pension
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
Posted in Business, Chemicals, Industrial, Investment
Tagged acrylics_sheets, Covestro, divestment, PCS sheets, Plaskolite, Polycarbonates, Sheffield
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
Posted in Business, Construction, France, Investment
Tagged CoBe Capital, divestment, façade, façade installing, glass, glass replacing, Glassolutions, glass_replacing, Saint-Gobain
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
Posted in Business, Financial, Investment, Management, Sweden
Tagged acquisition, actuation, actuator, divestment, Johan Pernvi, Peder Prahl, SKF Group, SKF Motion Technologies, Triton
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
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
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
Posted in Investment, Sweden, Technology, Telecom, Turkey
Tagged divestment, fixed network operator, Geocell LLC, JSC Silknet, TELECOM, Telia Company, Turkcell
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
Posted in Bulgaria, Business, Hungary, Montenegro, Norway, Serbia, Technology, Telecom
Tagged acquisition, assets, CEE, divestment, Jørgen C. Arentz Rostrup, Ladislav Bartoníček, Mobile, PPF Group, Sigve Brekke, TELECOM, Telenor
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
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
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
Posted in Business, Financial, Insurance, Investment, Netherlands
Tagged divestment, ING, ING Life Korea, MBK Partners, Raymond Vermeulen, South Korea
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
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
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
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
Posted in Banks, Business, Financial, Greece, Investment, Portugal
Tagged Banco Comercial Portugues, Barclays Bank PLC, BCP Investment B.V, BCP Transaction, divestment, PIRAEUS BANK, Piraeus Securities SA, S.A., shares, warrants
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
Posted in Business, Entertainment, Financial, France, Investment, Media, Telecom
Tagged $8.2billion, Activision Blizzard, demerger, divestment, significant shareholder value, stake, Vivendi
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
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
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
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
Posted in Business, Denmark, Energy, Gas & Oil, Financial, Germany, Investment
Tagged acquisition, divested, divestment, Dong Energy, MERGER, Stadtwerke Lübeck GmbH, stak, utility
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
Posted in Business, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Norway
Tagged acquisition, divestment, Fortum, fund, Infratek ASA, Triton, Triton funds
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
Posted in Belgium, Business, European Union, Financial, Finland, Government, Industrial, Investment, Law, Sweden
Tagged abrasive paper, abrasive products, Ahlstrom, Ahlstrom Corporation, Brussels, deal, décor paper, divestment, European Economic Area, heavy weight abrasive paper backings, Joaquin Almunia, label business, MERGER, Munksjö, Munksjö Oyj, Osnabrück, paper business, pre-impregnated paper, processing paper
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
Posted in Banks, Belgium, Business, Financial, Investment, Law, Russia
Tagged Absolut Bank, Blagosostoyanie, court, divestment, KBC, legal action, pension fund
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