Tag: sellout

Ørsted to sell Danish power distribution business

Denmark: The Danish energy giant Ørsted plans to dispose of its power distribution and residential customer businesses in Denmark to focus on consolidating its position in the offshore wind industry in existing and new markets, the company announced in the press statement.

Altron is selling off transformer business

South Africa: Allied Electronics (Altron) is undergoing a restructuring and is in the process of selling off its non-core businesses, including Powertech Transformers engaged in transformer manufacturing, testing and installation.

Toshiba sells its South American T&D business

Japan, Tokyo: Toshiba Corporation has decided to transfer all outstanding shares of Toshiba South America Ltda. (TSAL), Toshiba’s consolidated subsidiary in Brazil, to TSEA PARTICIPACOES S.A. (TSEA).