Bureau Veritas in Talks to Sell Oil, Petrochemical, Coal Testing Business
Bureau Veritas (BVI.PA) is negotiating a sale of its oil & petrochemicals and coal testing and inspection business to Triton Partners at an enterprise value of 470 million euros.The potential sale is part of the testing, inspection, and certification services company's Leap 28 strategy, according to a Tuesday release.Bureau Veritas plans to redeploy the sale proceeds to higher-growth and higher-margin businesses.