article thumbnail

Breaking Ties: Kraft Heinz Closes Business Operations in Russia

Valutico

While expanding its portfolio in 2021 and 2022 with acquisitions like Brazil’s Hemmer condiment and sauce company and an 85% stake in Germany’s Just Spices GmbH, the company has also recently agreed to sell its Russian baby food business to Chernogolovka. billion in 2020. billion using a WACC of 6.3%. billion to USD 74.5

article thumbnail

Breaking Ties: Kraft Heinz Closes Business Operations in Russia

Valutico

While expanding its portfolio in 2021 and 2022 with acquisitions like Brazil’s Hemmer condiment and sauce company and an 85% stake in Germany’s Just Spices GmbH, the company has also recently agreed to sell its Russian baby food business to Chernogolovka. billion in 2020. billion using a WACC of 6.3%. billion to USD 74.5

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is BP’s new strategy – full focus on profits – viable in the long term?

Valutico

Recent Financial Performance In the first week of February 2023, BP released its 2022 annual report, boasting the highest net profit in the company’s history of GBP 22.7 (USD Compared with last year’s net income of GBP 10.3 (USD billion in net debt, reducing total debt to GBP 17.5 (USD

article thumbnail

Has Volvo’s Strong Value Creation Been Overlooked by the Market?

Andrew Stolz

Volvo’s biggest competitor Daimler followed a similar strategy by spinning-off its truck segment in January 2022. Net assets have fallen in 2020 after selling UD truck segment to Isuzu Motors. However, increased CAPEX for capacity expansion and battery development lead to increase in net fixed assets again. Ratios – Volvo.