je.st

Home › sell business

Tag: sell business

UPDATE 1-ADM to sell its chocolate business in the third quarter

2014-08-06 10:46:45| Agriculture - Topix.net

Agribusiness company Archer Daniels Midland Co expects to sell its global chocolate business by the end of the third quarter, its president said on Tuesday, after opting to hold onto its larger cocoa press business.

Tags: business sell third update

Graphic Packaging to sell multi-wall bag business to Mondi

2014-06-05 01:00:00| Packaging Gateway

Graphic Packaging International will sell non-core assets including nine US multi-wall bag converting plants to international packaging and paper group Mondi Group for $105m.

Tags: business sell bag graphic

Hess to sell retail business to Marathon Petroleum

2014-05-23 01:00:00| Hydrocarbons Technology

US-based integrated oil company Hess has signed a $2.6bn agreement to sell its retail business to Marathon Petroleum subsidiary Speedway.

Tags: business sell retail petroleum

Eutelsat to sell German business KabelKiosk to M7

2014-05-20 09:33:00| Telecompaper Headlines

(Telecompaper) Satellite operator Eutelsat announced the sale of its KabelKiosk service to pay-TV operator M7. KabelKiosk provides a platform of digital channels and interactive services for cable and IPTV networks in Germany. The sale includes a long-term agreement for M7 to lease multiple transponders at Eutelsat's 9 degrees East orbital position. Eutelsat will also continue to provide uplink services for the KabelKiosk platform from its teleports in Italy and France. In addition, Eutelsat and M7 Deutschland plan to establish a strategic partnership for connected TV, combining broadcast and on-demand video services. The acquisition marks Luxembourg-based M7's entry on the German market; it is already active in a number of neighbouring countries, such as the Netherlands, Belgium and Czech Republic and recently launched on the same Eutelsat orbital slot in Hungary. In addition to further growing the KabelKiosk business, it plans to invest in new IPTV and OTT delivery platforms for Germany. KabelKiosk generated EUR 25 million in revenue in Eutelsat's 2012-2013 financial year. No financial details of the acquisition were disclosed. Subject to regulatory approvals, the sale is expected to close in July.

Tags: to business sell german