All posts tagged divestment

Banks not helping small businesses

Barclays divests non-core businesses

International financial services provider Barclays Bank PLC revealed on Monday that it is continuing to dispose its non-core businesses, having agreed the sale of its Retail Banking, Wealth and Investment Management and Corporate Banking businesses in Spain to Spanish financial […]

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Acropolis, Greece

Greece aims to sell stakes in Postbank and Proton Bank in July

Greece's rescue fund Hellenic Financial Stability Fund (HFSF) intends to divest Hellenic Postbank SA (ATH:TT) and Proton Bank SA by the middle of July, Reuters said, citing an

Telefonica

Spain’s Telefonica considers asset disposals in a move to cut debt

Spanish telecom operator Telefonica SA (MCE:TEF) is mulling over additional divestments, which may include its Irish and Czech operations, assets in Central America and its minority holding 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

Siemens

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

Tax Free

Food giant Kraft secures tax-free spin off of grocery unit to shareholders

Kraft Foods Inc (NYSE:KFT) said on Friday the US Internal Revenue Service (IRS) had given its consent to the tax-free spin-off of its North American grocery business to

Share Prices

Reimann family sells 4.9% stake in Reckitt Benckiser for £1.2bn

German Reimann family's JAB Holdings BV said on Thursday it had sold to institutional investors 36m shares in British consumer goods firm Reckitt Benckiser Group plc (LON:RB), or

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