France’s Lagardere starts disposing of EADS stake worth €2.4bn

French media group Lagardere SCA (EPA:MMB) announced it had started the sale of its stake in European aerospace and defence group EADS NV (EPA:EAD). Last week, the French group said it would exit EADS by 31 July 2013. The sale […]

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Financial Times

Information giant Pearson not to sell Financial Times — CEO

UK media and education company Pearson Plc's (LON:PSON) CEO John Fallon told reporters today that the Financial Times is not for sale, denying media speculations about a possible


HSBC sells Panama operations to Bancolombia in $2.1bn deal

UK financial giant HSBC Holdings plc (LON:HSBA) said Tuesday it had agreed to sell HSBC Bank (Panama) SA to Colombian lender Bancolombia SA (NYSE:CIB) for USD2.1bn (EUR1.6bn) in cash. The

Parcel delivery

Dutch TNT Express seeks buyers for Brazilian and Chinese operations

Netherlands-based TNT Express NV (AMS:TNT) is looking at divestment opportunities for its operations in

Apple store NYC

US hedge fund Omega Advisors leaves Apple for Facebook

Leon Cooperman's hedge fund Omega Advisors divested the shares it held in US technology major


Italy’s UniCredit raises €890m from sale of stake in Poland’s Bank Pekao

Italian financial group UniCredit SpA (BIT:UCG) said it had pocketed some EUR890m (USD1.2bn) from the sale of 9.1% in its Polish unit Bank Pekao SA (PINK:BKPKF). The group sold

Citibank is the retail arm of Citigroup

Citigroup seeks buyers for Brazilian credit card and consumer finance unit

US financial services group Citigroup Inc (NYSE:C) is looking to divest the Credicard consumer finance unit of its Brazilian business as part of a plan to concentrate on


Germany’s Siemens hires Rothschild to divest security products unit

German engineering group Siemens AG (ETR:SIE) intends to divest its Sweden-based security products business and has appointed investment bank Rothschild to advise it on the process, Bloomberg reported

BNP Paribas

BNP’s asset management arm to sell clean energy unit CEP

BNP Paribas Investment Partners (BNPP IP), the asset management business of French BNP Paribas (EPA:BNP), will spin off BNP Paribas Clean Energy Partners (BNPP CEP) to become Glennmont


UK newspaper group Mecom in talks to sell European opearations

UK publisher Mecom Group Plc (LON:MEC) said today that a number of parties had expressed interest in taking over its Dutch, Polish and Danish operations. The company, which released

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