PARIS: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has closed an agreement to divest to PTTEP an indirect interest of 9.998% in block SK408 in Malaysia. Further to this transaction, TotalEnergies keeps a 30.002% interest in block SK408. This partnership with PTTEP in block SK408 marks a new milestone for TotalEnergies in Malaysia, following the acquisition of SapuraOMV in December…
LONDON — Venture Life Group, a global consumer healthcare company, announced Monday it has completed the sale of its Ultradex and Dentyl oral care brands to Covestus Holdings Ltd. for an enterprise value of up to 4.5 million pounds ($5.8 million). The deal includes 100% of the issued share capital of Periproducts Limited. Venture Life…
UTRECHT: Dutch industrial group Aalberts N.V. on Monday announced a series of divestments, offloading two businesses and reducing its stake in a third, as part of a strategic overhaul to streamline its portfolio. The company has agreed to sell 100% of French unit Metalis SAS, which generates about 158 million euros ($171 million) in annual…
OSLO: Norwegian state-owned utility Statkraft AS said on Thursday it has signed deals to sell 13.5 billion crowns ($1.2 billion) worth of assets in the third quarter, a key step in a refocused strategy that comes as the company navigates lower power prices and hedging losses. The divestments, which include its district heating business and…
STOCKHOLM: Fragbite Group AB has today signed an agreement to divest all its shares in subsidiary Playdigious SAS for a consideration of EUR 10.5 million, corresponding to approximately SEK 115 million, on a cash-free, debt-free basis. The net consideration is paid in cash. In addition, Fragbite Group obtains 90 percent of the net revenue from…
LONDON: BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, has entered into an agreement to sell A.M.S 2000 Trading Impex SRL (AMS), a subsidiary of the Group that distributes diagnostic laboratory equipment in Romania. The sale agreement marks a key milestone in the execution of the Group’s…
PARIS: The Bonduelle Group finalized the sale of its packaged salad business in France to the LSDH Group on July 17, the company said Friday. The deal, first announced on Aug. 29, 2024, marks Bonduelle’s strategic exit from a segment that has faced a decade-long decline in domestic consumption. The business represented approximately 3.5% of…
LONDON: BHP and Mitsubishi Development Pty Ltd (MDP) have completed the divestment of the Blackwater and Daunia mines to Whitehaven Coal. Daunia and Blackwater were part of the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland. Each of BHP and MDP hold a 50% interest in BMA. Whitehaven Coal has paid BMA US$2.0…
AMSTERDAM: OCI Global, a leading producer and distributor of nitrogen fertilizers and industrial chemicals, announced its financial results for the fourth quarter and full year 2023, showing a significant decline in revenues and earnings due to lower global nitrogen prices. The company also revealed that it has sold its stakes in Fertiglobe and Iowa Fertilizer…
KARACHI, PAKISTAN: Shell Pakistan Limited (SHEL) is set to be sold by its parent company, Shell Global. The announcement was made in a notice to the Pakistan Stock Exchange (PSX). Shell Global has a 77.42% stake in SHEL, and the sale is subject to regulatory approvals. The company has not disclosed the identity of the…
PARIS, FRANCE: After receiving the approval of Gabonese authorities, TotalEnergies (NYSE:TTE) announced the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon. With this transaction, in an amount of $350 million before final adjustment, TotalEnergies EP Gabon is…
OSLO, NORWAY: Handelsbanken has initiated the process to divest its operations in Denmark and Finland, markets that account for 10% of the income, 13% of the costs, and 8% of the operating profit within the group. The capital allocated to the operations in Denmark and Finland amounts to a total of approximately SEK 15 billion….