Dominion Sells Industrial Unit to Focus on Sustainability
Company Announcements

Dominion Sells Industrial Unit to Focus on Sustainability

Global Dominion Access SA (ES:DOM) has released an update.

Global Dominion Access SA has sold its industrial maintenance services unit in Spain to Serveo Group for approximately 27.5 million euros, as part of its strategy to focus on high-value sustainable services. This divestment is expected to enhance Dominion’s positioning in sectors like decarbonization and energy efficiency by simplifying its operations and aligning with its 2023-26 strategic plan. The transaction, which is anticipated to close before the end of 2024, will also allow the company to reduce its debt and reinforce its commitment to sustainability.

For further insights into ES:DOM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Spain Auto-Generated NewsdeskGlobal Dominion Achieves Record Margins Amid Growth
TipRanks Spain Auto-Generated NewsdeskGlobal Dominion Details Quarterly Stock Operations
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App