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Metso Outotec divests its Operations in Vereeniging, South Africa

Consultations evaluating the closure or other alternatives related to former Metso operations in Vereeniging, South Africa, have been concluded. The consultations, initiated by Metso in March 2020, have resulted in the decision to divest the fabrication, machining and assembly operations and close or rearrange the rest of the operations.

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Fugro divests Asia Pacific Subsea Services Business to Shelf Subsea

Fugro NV (Fugro) and Shelf Subsea Holdings UK Ltd (Shelf Subsea) announce today that they have signed an agreement under which Shelf Subsea will acquire the Fugro subsea services business in Asia Pacific for approximately EUR 14 million cash and a significant issuance of around 25% equity in Shelf Subsea to Fugro. With this divestment, Fugro takes another important step in its strategy to focus on its core survey and geotechnical business.

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OMV plans to sell a stake of up to 49% in Gas Connect Austria

  • Intended divestment of minority stake in Gas Connect Austria will strengthen OMV´s cash flow and balance sheet
  • Important step towards Downstream Gas portfolio optimization

OMV, the integrated, international oil and gas company, has announced its intention to sell a stake of up to 49% in its wholly owned subsidiary Gas Connect Austria (GCA), a company that operates and constructs natural gas high-pressure pipelines in Austria.

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Fugro to divest its multi-client Data Library to Spectrum

Fugro has signed an agreement to divest its multi-client data library to Spectrum ASA, a Norwegian multi-client seismic data specialist supplying the global oil and gas industry with sub-surface imagery on a non-exclusive basis, for a cash consideration of US$ 115 million (approximately EUR 100 million).

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Grontmij reports weak Start of the Year

Grontmij N.V., a listed consulting & engineering company with strong European presence, announced its results for the first quarter of 2015. Despite modest signs of recovery across Europe, Grontmij’s markets remain fragile particularly in the Netherlands. The year started out weak, especially in January and February, with an organic decline in the first quarter on total revenue of 1.7%. EBITA excluding exceptional items in Q1 2015 of € 3.4 million (Q1 2014: € 7.0 million) was impacted by lower results in the Netherlands and Denmark. On 31 March 2015 Grontmij completed the divestment of Parera, one of its French subsidiaries. Grontmij continues the divestment process of its remaining French operations, and intends to complete the French divestment process in 2015.
 

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Nigeria: Total completes $1 billion of onshore Divestments

Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML 24 and OML 18, Total’s share of sale proceeds from these three onshore Nigerian blocks amounts to over $1 billion.

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Vattenfall’s 2014 Year-end Report: Continued Efficiency Improvement and Shift towards renewable Energy Production

In 2014 Vattenfall continued to consolidate its operations and shift its production towards more renewables. In a challenging market, earnings were weighed down by impairment losses, but were positively affected by lower costs through continued efficiency improvements. An overhaul of Vattenfall's future strategy was initiated, and a new Group structure will take effect on 1 April.

  • Net sales amounted to SEK 165,945 million (172,253) for the full year and SEK 48,725 million (47,156) for the fourth quarter.
  • The underlying operating profit was SEK 24,133 million (28,135) for the full year, and SEK 8,223 million (7,006) for the fourth quarter.
  • Operating profit totalled SEK -2,195 million (-6,218) for the full year and SEK 7,045 million (3,894) for the fourth quarter.
  • Profit after tax amounted to SEK -8,284 million (-13,543) for the full year and SEK 3,900 million (1,983) for the fourth quarter.
  • Electricity generation was 172.9 TWh (181.7) for the full year and 46.2 TWh (47.7) for the fourth quarter.
  • The Board of Directors proposes, in accordance with Vattenfall’s dividend policy, that no dividend be paid for 2014.
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Skanska divests Toll Road Antofagasta in Chile

Skanska has sold its investment in the PPP (Private Public Partnership) highway Autopistas de Antofagasta in Chile for about SEK 400 M. The buyer is Inversiones Infraestructura S.A., a Chilean private corporation owned by the Chilean public investment funds denominated Fondo de Inversión Público Penta Las Américas Infraestructura Dos and Fondo de Inversión Público Penta Las Américas Infraestructura Tres, managed by Penta Las Americas Administradora de Fondos de Inversión S.A., a Chilean investment fund manager. The transaction will be recorded by Skanska Infrastructure Development in the fourth quarter of 2014.

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BASF combines businesses for water, oilfield and mining solutions to support growth strategies

  • Water solutions and oilfield and mining solutions to form new global business unit
  • Efficiency measures for water solutions include reduction of personnel, portfolio changes and specific investments
  • Plan to divest industrial water management business in France

BASF will combine its businesses with water solutions and oilfield and mining solutions effective April 1, 2013, to increase efficiency and support its growth strategies. The new global business unit will be located in Ludwigshafen, Germany.

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