Alpiq Reportedly Seeks To Sell Stakes In Three Divisions
November 27, 2017 at 12:00 am EST
Alpiq Holding AG (SWX:ALPH) is looking to sell majority stakes in its three money-making divisions as part of a drive to reverse chronic losses from its dam operations due to low electricity prices. Alpiq is working with Goldman Sachs to find investors for the units - Digital & Commerce, Industrial Engineering and Building Technology & Design - and is planning to send out information packages to prospective buyers this month, sources close to the matter said.