French energy management company
The company has signed a letter of intent to sell
The deal's completion is subject to the approval of local authorities.
The company currently generates around 2% of its total sales from
It is estimated that the sale of the assets will result in
The company also expects to make a non-cash reversal of the currency translation reserve associated with these activities, which is currently estimated at
In a statement,
Since February,
The company said that it is planning an 'orderly' transfer for its 3,500 employees in
Based in
The company combines energy technologies, real-time automation, software and services to serve homes, buildings, data centres, infrastructure and industries.
Earlier this month, wind turbine manufacturer Vestas decided to withdraw completely from
The company has suspended commercial activities in the country and plans to halt its four Russian wind farm projects that were being developed at the time of the invasion.
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Website: https://www.se.com/in/en/
Source: www.abnewswire.com
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