Degussa to sell food division: unit may fetch $867 million

Article Abstract:

Germany's Degussa AG is in the process of divesting itself of subsidiaries that do not fit its major focus as a specialty chemicals company. So far it has earned 3.8 billion euros from the sale of 19 divisions. It is now planning the sale of food flavoring and additives company Degussa Food Ingredients GmbH, and has hired Lazard Brothers and Company Ltd. to help it find a buyer.

Investment Banking and Securities Dealing, Investment Banking, Financial management, Contracts & orders received, Food preparations, not elsewhere classified, CHEMICALS AND ALLIED PRODUCTS, Security brokers and dealers, Contracts & orders let, Finance, Investment banks, Contracts, Food additives industry, Chemical industry, Contract agreement, Pesticides industry, Herbicides, Company financing, Lazard Brothers & Company Ltd., Degussa AG (Frankfurt, Germany), Sulphur industry, Degussa Food Ingredients GmbH

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E.On sells energy-service unit

Article Abstract:

E.On AG is selling off its Viterra Energy Services unit to CVC Capital Partners for 845 million euros. The sale is part of E.On's plan to divest its noncore operations.

Energy industries, Energy industry, CVC Capital Partners, E.ON AG, Viterra Energy Services AG

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British Air sells unit to carrier from Germany

Article Abstract:

The Dba unit has been sold by British Airways to Intro Verwaltungsgesellschaft. The Dba unit has been a money-losing operation for British Airways.

Airlines, British Airways PLC, Intro Verwaltungsgesellschaft, dba

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