footprint and leverage the financial and commercial skills of IVL to create shareholder value. The transaction is funded by IVL’s internal cash flows and debt financing only and does not necessitate any

large infrastructure projects will continue to support the economic growth and help bolster private investment recovery going forward. Nevertheless, monetary policies in the US and Europe necessitate

continues to consolidate its existing businesses. Fundamental shifts in the portfolio, both in its existing shape and form, and, as it evolves over the medium term, necessitate the need to review the way we