Page 2 - கப்ஸ் மூலதனம் கூட்டாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from கப்ஸ் மூலதனம் கூட்டாளர்கள். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In கப்ஸ் மூலதனம் கூட்டாளர்கள் Today - Breaking & Trending Today

Norsk Hydro Inks €1.38B Deal To Sell Rolling Unit To KPS

Norsk Hydro ASA has clinched a €1.38 billion deal to sell its rolling business to private equity firm KPS Capital Partners, in a move to improve profitability. The Norwegian energy company announced that the sale of the aluminium foil production segment follows a two-year review and is expected to bolster its balance sheet. As part of the transaction, Norsk Hydro (0Q11) will receive €435 million in cash proceeds, which will lower the company’s pension liabilities by €856 million. The deal, which is subject to approvals from competition authorities, is expected to be completed during the second half of 2021. Norsk Hydro’s rolling business operations include seven plants, one R&D center, global sales offices, and around 5,000 employees of which 650 employees are in Norway and the remaining are mainly in Germany. The rolling operations will be recorded as discontinued operations from the first quarter of 2021. “The valuation indicates an impa ....

Norsk Hydro , Kps Capital Partners , Aluminium Foil , Private Equity Firm , நார்ஸ்க் ஹைட்ரோ , கப்ஸ் மூலதனம் கூட்டாளர்கள் , அலுமினியம் படலம் , ப்ரைவேட் பங்கு நிறுவனம் ,