divestment

Wärtsilä to divest Delivery Centre Santander to Javier Cavada Corporación Cantabria

Wärtsilä to divest Delivery Centre Santander to Javier Cavada Corporación Cantabria

Wärtsilä Corporation, Press, 31 May at 2:30 PM EEST – The technology group Wärtsilä announces the divestment of Delivery Centre Santander (“DCS”) to Javier Cavada Corporación Cantabria (“JCCC”). Delivery Centre Santander is a state-of-the-art foundry able to cast the highest grades of NiAlBronze alloys. The facility located in Santander, Northern Spain, employs 45 professionals and has an annual casting capacity...

https://allaboutshipping.co.uk/2021/05/31/wartsila-to-divest-delivery-centre-santander-to-javier-cavada-corporacion-cantabria/

Furgo Divest Off Seabed Solutions

According to an article published in Furgo, Fugro has reached a binding agreement with PXGEO Seismic Services Limited (PXGEO) to sell certain assets and the related business of its non-core subsidiary Seabed Geosolutions for USD 16 million (approximately EUR 14 million) in cash and the transaction is expected to be completed mid-2021.

The Divestment

The divestment includes Seabed’s ocean bottom node (OBN) inventory, handling equipment, related technology and order backlog. In addition, a...

https://mfame.guru/furgo-divest-off-seabed-solutions/

Wärtsilä to divest its JOVYATLAS business

Wärtsilä to divest its JOVYATLAS business

Wärtsilä Corporation,  23 September 2020 at 10:00 AM EEST

The technology group Wärtsilä announces the divestment of 100% of the shares in Wärtsilä JOVYATLAS GmbH to Jacob Waitz Industrie GmbH, a German based industry holding.

Wärtsilä JOVYATLAS has been manufacturing UPS systems, rectifiers, power inverters, frequency transformers and resistors with related services for many industries already for seven decades. The company became part of Wärtsilä as a...

https://www.allaboutshipping.co.uk/2020/09/23/wartsila-to-divest-its-jovyatlas-business/

Oil Price Fiasco Revives Divestment in Fossil Fuel Campaigns

  • The global economic shutdown has pushed oil prices to record lows.
  • Climate activists are pushing government and financial institutions to divest from the fossil fuel industry.
  • They highlight the need to remove pension funds and other investments from the struggling sector.
  • American University’s Student Government passed a resolution in 2014.
  • It called the Board of Trustees to divest the school’s then-$425 million endowments from fossil fuels.
  • A resolution introduced in New York City Council...

https://mfame.guru/oil-price-fiasco-revives-divestment-in-fossil-fuel-campaigns/