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Dentons

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Dentons advises Babcock & Wilcox in $177M sale of Diamond Power Division

Dentons represented Akron, Ohio-based Babcock & Wilcox Enterprises, Inc. (NYSE: BW) as lead transaction counsel in the carve-out sale of its entire Diamond Power® division to Andritz AG (ANDR: Austria: Vienna) for the purchase price of US$177 million. In preparation of closing, the Firm also conducted a global company-wide reorganization of 21 entities in 12 countries.