Cloetta has completed the divestment of its Italian operations
Cloetta has today completed the divestment of Cloetta Italy to Katjes International. The proceeds will generate a positive net cash effect of SEK 415m during 2017.The divestment of Cloetta Italy was made public on 6 July, 2017 and follows Cloetta’s strategy to focus more on the business in North-Western Europe including the recently acquired Candyking business. The sale equals an Enterprise Value (EV) of SEK 450m. For additional information on the divesture, reference is made to the previous press release dated 6 July, 2017. The information was submitted, by the below contact person, for
Located in sunny and windy Cape Verde, Cabeolica has chosen Breeze to provide wind farm management system.The company’s main objective is the production of electricity for the national grid as an independent producer using non-polluting, renewable and naturally abundant wind energy.
With 4 wind farms on 4 islands – Santiago, São Vicente, Sal and Boa Vista – Cabeolica generates roughly 22% of the electricity consumed on the country’s main islands, avoiding, on average, the production of approximately 55,000 tons of greenhouse gases per year, in addition to contributing toward reducing
