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Stora Enso divests its ownership in IL Recycling

2016-04-08 13:12:51| Paper - Topix.net

Stora Enso has signed an agreement to divest its 33.33% ownership in the Swedish recycled materials company IL Recycling AB to Stena Metall AB, a Swedish recycling company. The consideration for the divestment of shares is approximately SEK 236 million , subject to customary closing day adjustments.

Tags: ownership recycling stora enso

 

NextEra Energy divests US natural gas-fired facilities for $1.55bn

2016-04-06 01:00:00| Power Technology

NextEra Energy Resources' subsidiary La Frontera Ventures has divested its ownership stake in two natural gas-fired facilities in the US to Luminant, an affiliate of Energy Future Holdings (EFH), for nearly $1.55bn.

Tags: natural energy facilities natural energy

 
 

GVK divests 33% stake in Bangalore International Airport Limited in India

2016-03-30 01:00:00| Airport Technology

Indian company GVK Power and Infrastructure has agreed to sell 33% of its shares in Bangalore International Airport Limited (BIAL) to reduce the companys debts.

Tags: in international limited india

 

Rockefeller Fund Divests From Fossil Fuels, Slams Exxon

2016-03-24 14:23:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: The Rockefeller Family Fund will divest from fossil fuels and ditch its holdings of ExxonMobil, citing the oil giants morally reprehensible stance on climate change issues. John D. Rockefeller, the funds founding father, made his fortune on Exxons predecessor, Standard Oil, but spokespeople for Rockefeller stated, "There is no sane rationale for companies to continue to explore for new sources of hydrocarbons." Why a Rockefeller Donated $400,000 in Exxon Shares to Nonprofits Fighting Climate...

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Rockefeller Family Fund divests from fossil fuels, which built family's fortune

2016-03-24 07:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Age: The Rockefeller Family Fund has said that it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp, saying the oil company associated with the family fortune has misled the public about climate change risks. Though only a sliver of the endowment's modest $US130 million ($171 million) in assets is invested in fossil fuels, the move is notable because a century ago John D. Rockefeller snr made a fortune running Standard Oil, a precursor to Exxon Mobil....

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