Babcock & Wilcox Enterprises shares are trading higher after the company announced that it has sold its Denmark-based Babcock & Wilcox Renewable Service A/S subsidiary to Zurich, Switzerland-based Hitachi Zosen Inova AG for $87M
Portfolio Pulse from Benzinga Newsdesk
Babcock & Wilcox Enterprises shares are trading higher after the company announced the sale of its Denmark-based subsidiary, Babcock & Wilcox Renewable Service A/S, to Hitachi Zosen Inova AG for $87 million.
July 01, 2024 | 4:40 pm
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Babcock & Wilcox Enterprises shares are trading higher following the announcement of the sale of its Denmark-based subsidiary for $87 million.
The sale of the subsidiary for $87 million is a significant transaction for Babcock & Wilcox Enterprises, likely improving its financial position and investor sentiment, leading to a short-term increase in stock price.
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