Global law firm Ashurst advised Babcock International Group PLC on the sale of its UK electricity business, Babcock Networks Limited, to M Group Services, backed by PAI Partners, for gross cash consideration of £50 million. Babcock Networks is a leading provider of engineering services to the UK’s overhead power transmissionRead More →
Mon 27 Dec 2021 | BUSINESS SALE Babcock International Group has announced that it has sold its Power business to M Group Services for £50 million. The gross cash consideration reflects approximately a multiple of 7.1 times the division’s £7 million pre-tax profit for the year ending March 31, 2021,Read More →
Devonport Dockyard operator Babcock International Group Plc has sold its electricity division to an infrastructure service provider for £ 50million as it continues to streamline operations. The defense and aerospace giant has sold its electrical business, a leading provider of engineering services to the UK overhead power transmission and distributionRead More →
Babcock International has completed the sale of its power generation business to M Group Services for £ 50 million. he London-based aerospace, defense and engineering firm sealed the divestiture as part of efforts to streamline operations. The power business provides engineering services to the power generation and distribution industry andRead More →
The move is the latest in the country’s attempts to find sources of income other than oil and attract foreign investment. Under the new film screening standards, the UAE Media Regulatory Authority will introduce a new 21+ age category for viewers, instead of censoring sensitive and sexual content. Representative photoRead More →
Rolls-Royce has secured £ 85million in funding from the Qatar Investment Authority (QIA), the state of Qatar’s sovereign wealth fund, for its new low-carbon nuclear power business. Rolls-Royce SMR is developing a new technology service to provide affordable, low-carbon nuclear power. According to the company, a single power plant willRead More →
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LLT4WEPRPFIIJODDBJJGRC2XLI.jpg)
The sign of Mitsubishi Corp is pictured at its headquarters in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo Join now for FREE unlimited access to Reuters.com Register TOKYO, Dec 17 (Reuters) – Japan’s Mitsubishi Corp (8058.T) said on Friday that executive vice president and chief electrical business officer KatsuyaRead More →
Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on links to products from our affiliate partners. Paying so big balanced you wore for months on your credit card or make a finalRead More →
Bajaj Electricals Board of Directors has authorized management to assess and recommend options to consider hosting the power transmission and distribution business as a stand-alone entity. In addition to manufacturing and selling home appliances, fans, and consumer lighting products, Bajaj Electricals also has a vertical Engineering and Construction Procurement (EPC)Read More →