divestments
Bp Seeks Buyers for Castrol Lubricants Unit to Reach $20 Billion Divestment Goal, Sources Say
Finland's Stora Enso to Sell 12.4% of Swedish Forests for About $1 Billion
UK's Reckitt Shortlists Bidders for $6 Billion Homecare Portfolio, Bloomberg Reports
FinanceEquinor Plans Sale of Onshore Assets in Argentina, Local News Report Says
Norway Should Begin Process of Divesting Russian Assets, Central Bank Says
Date: December 4, 2024
By Terje Solsvik and Gwladys Fouche OSLO (Reuters) -Norway’s government should let its huge sovereign wealth fund sell parts of its Russian portfolio when possible, ending a general freeze in place since 2022 that has prevented divestment, the central bank, which manages the fund, said. The Norwegian finance ministry ordered a halt to all transactions...
Standard Chartered Mulls Sale of Wealth, Retail Operations in Africa
Date: November 27, 2024
By Rishav Chatterjee (Reuters) -Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant looks to free up capital in the midst of a broad shake-up. The Asia-focussed lender, like rival HSBC, is restructuring its business to focus...
Standard Chartered Mulls Sale of Wealth, Retail Operations in Africa
Date: November 27, 2024
(Reuters) -Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant restructures its operations in a bid to trim costs. The Asia-focussed lender, like rival HSBC, is shaking up its business to focus more on affluent individual customers...
Advent, Apollo Among Potential Bidders for Reckitt’s Homecare Assets, Bloomberg News Reports
Date: November 7, 2024
(Reuters) –Private equity groups Advent International and Apollo Global are among firms considering a potential buyout of consumer goods company Reckitt’s homecare assets, Bloomberg News reported on Wednesday, citing people familiar with the matter. Britain-based Reckitt announced plans in July to divest its home care portfolio, which includes Air Wick air fresheners and Cillit Bang...
Nokia Sells Submarine Networks Business Asn to French State
Date: June 27, 2024
Nokia sells submarine networks business ASN to French state COPENHAGEN (Reuters) – Nokia on Thursday said it had agreed to sell its submarine networks business ASN to the French state for 350 million euros ($374 million), but that the deal would not impact its financial outlook. Nokia expected the divestiture to reduce sales in its...
Nestle Divests Peanut Allergy Business Palforzia
Date: September 4, 2023
Nestle divests peanut allergy business Palforzia ZURICH (Reuters) – Nestle has divested its peanut allergy treatment business Palforzia, the Swiss food company said on Monday, following its strategic review of the division. Nestle said it has offloaded Palforzia to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies. Nestle will...