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Delivering according to strategy during a demanding year

2/9/2012 3:00 AM EST  -   Vattenfall
Vattenfall presents the results for full year 2011:
• Net sales in 2011 decreased by 15.2%, to SEK 181,040 million (217,572).

• The cost-cutting programme is proceeding better than planned.

• Sales of assets totalled SEK 23 billion, of which SEK 16 billion was received in 2011.

• Operating profit decreased by 22.3% to SEK 23,209 million (29,853). Profit was charged with SEK 10.5 billion as a result of the...

DS Smith’s shareholders approved the acquisition of SCA´s packaging operations

2/3/2012 6:00 AM EST  -   SCA
Today, Friday February 3, 2012, the shareholders of UK-based packaging group DS Smith Plc approved the company´s proposal to acquire SCA’s packaging operations, excluding the two kraftliner mills in Sweden.
The transaction remains subject, amongst other things, to antitrust clearance from the European Commission. Closing is expected during the second quarter of 2012.

Regarding the French part of the packaging...

SCA divests its packaging operations

1/17/2012 2:00 AM EST  -   SCA
SCA’s packaging operations – excluding the two kraftliner mills in Sweden – are divested to DS Smith. The purchase price amounts to EUR 1.7bn on a debt free basis.
“The reason for the divestment is primarily to enable increased growth in the hygiene business”, says Jan Johansson, President and CEO of SCA.

The packaging operations, excluding the two kraftliner mills, had net sales in 2010 of approximately SEK...

Vattenfall completes the sale of Polish business

1/11/2012 9:45 AM EST  -   Vattenfall
Today Vattenfall legally completed its sale of Vattenfall Heat Poland S.A. (VHP), the leading heat and electricity generation company in Warsaw, to the Polish gas company PGNiG S.A.
The sales agreement with PGNiG S.A. was signed and announced on 23 August last year. The purchase price amounts to PLN 3.016 billion (approximately SEK 5.9 billion).
The sale to PGNiG S.A. covers all VHP operations including the...

Vattenfall completes the sale of businesses in Finland

1/11/2012 3:05 AM EST  -   Vattenfall
Vattenfall has legally completed its sale of the electricity distribution network and heat businesses in Finland to the Lakeside Network Investments consortium.
The sales agreement with Lakeside Network Investments – a consortium comprising of 3i Infrastructure plc, 3i Group plc, GS Infrastructure Partners and Ilmarinen Mutual Pension Insurance Company – was signed in December 2011, for a total enterprise value...

Vattenfall completes the sale of business in Belgium

1/10/2012 10:50 AM EST  -   Vattenfall
Today Vattenfall legally completed its sale of Nuon Belgium NV and Nuon Power Generation Walloon NV in Belgium to ENI.
The sales agreement with ENI was signed in July 2011 for approximately EUR 157 million (about 1.4 SEK billion) on an enterprise value basis. The sale to ENI covers all of Vattenfall’s operations in Belgium.

The completion of this sale is another important step in implementing Vattenfall's new...

PA Resources divests interest in two small Tunisian fields

1/2/2012 2:45 AM EST  -   PA Resources AB
PA Resources has signed an agreement to divest its working interest in the Ezzaouia and El Bibane oil producing fields in Tunisia for USD 4.0 million (equivalent to approximately SEK 27.5 million).
The oil and gas group PA Resources has agreed to divest its 13.6% working interest in the Ezzaouia Field and 23.9% working interest in the El Bibane Field, both located in Tunisia, for USD 4.0 million (prior to...

Vattenfall sells electricity distribution and district heating businesses in Fin...

12/16/2011 2:00 AM EST  -   Vattenfall
Vattenfall and LNI Acquisition Oy have signed an agreement regarding the sale of Vattenfall´s electricity distribution and heat businesses in Finland for a total enterprise value of approximately EUR 1.54 billion. The transaction is expected to be completed within the first quarter 2012.
Vattenfall today signed an agreement with LNI Acquisition Oy, a consortium comprising 3i Infrastructure plc, 3i Group plc, GS...

Saab receives additional consideration for divestment of Saab Space

4/8/2011 9:00 AM EST  -   Saab
Saab receives additional consideration for the divestment of Saab Space of MSEK 60. The consideration will be recorded as a capital gain in the second quarter 2011.
On July 15, 2008, Saab announced the divestment of Saab Space to Swiss Aerospace and Defence group RUAG Holding AG.

In addition to the fixed purchase price of MSEK 335 Saab was entitled to an additional consideration if Saab Space generated a...

Bisnode divests non-core operation in the Netherlands

4/8/2011 7:02 AM EST  -   Bisnode
Bisnode has divested a part of WDM Netherlands focusing on IT-related database hosting for fundraising organisations. The divestment is a result of Bisnode’s strategy to focus on core business.
The divested business unit RDMS has 14 employees. The decision to divest is a result of the strategic process to focus on the core offering of direct marketing services within consumer information.

“The divestment is...