Divestiture

Finland's Stora Enso Divests Two Russian Sawmills

Finland's Stora Enso has entered into an agreement to divest its two sawmills and their forest operations in Russia to local management, the group said on...

Carlsberg Expects €1.3bn Writedown On Russia Divestment

Carlsberg expects a writedown of about DKK 9.5 billion (€1.28 billion) related to its decision to divest its business in Russia, the Danish brewer sai...

Stora Enso Puts Four Paper Mills Up For Sale

Finland's Stora Enso is planning to sell four of its five paper mills, the forestry group said on Tuesday.

Mondi To Divest Personal Care Business For €615m

Mondi plc has entered into an agreement to sell its Personal Care Components business (PCC) to Nitto Denko Corporation (Nitto) for an enterprise value of &...

Smirnoff Parent To Offload Meta Abo Brewery In Ethiopia

Spirits giant Diageo, the maker of Smirnoff vodka, has agreed to sell its Meta Abo Brewery in Sebeta, Ethiopia, to Castel Group subsidiary BGI.

Reckitt To Sell E45 Skincare Brand For €236.4m

Reckitt Benckiser plans to sell its E45 skincare brand and related sub-brands to Karo Pharma for £200 million, as it shifts focus to higher growth ar...

Kraft Heinz Completes Sale of Natural Cheese Business

Kraft Heinz has completed the sale of certain assets in its global cheese business and the license of certain trademarks to an affiliate of Groupe Lactalis...

General Mills Agrees To Sell European Dough Businesses

General Mills has agreed to sell its European dough businesses to Cérélia, a global leader in ready-to-bake dough solutions.

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