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Divestments

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  • Vivendi, Telefonica in talks over Brazil business Thursday, 28 Aug 2014 | 5:02 AM ET

    MADRID— French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised its offer to 7.45 billion euros from 6.7 billion euros.

  • NEW YORK, Aug 27- Dow Chemical Co has kicked off processes to sell two of its specialty chemicals subsidiaries that could fetch close to $2 billion combined, according to people familiar with the matter, part of its effort to divest several billion dollars worth of non-core assets by 2015..

  • BHP Billiton says in talks to sell Nickel West unit Tuesday, 19 Aug 2014 | 4:30 AM ET

    SYDNEY, Aug 19- BHP Billiton is in talks with potential buyers for all, or part, of its Nickel West division in Australia after excluding the business from a major restructuring.

  • When Australia- based BHP joined forces with the London- listed, but largely South African, Billiton, a diversified natural resources giant was created.

  • NEW YORK, Aug 14- General Electric Co is in talks with Sweden's Electrolux AB and other parties to sell its household appliances unit, people familiar with the matter said on Thursday. Bloomberg News earlier reported that GE's appliances unit had drawn interest from Electrolux and consumer development startup Quirky.

  • FRANKFURT, Aug 13- German industrial group Siemens is renewing efforts to divest its hearing aids business in a deal that could be worth about 2 billion euros, sources familiar with the matter said.

  • JPMorgan selling part of PE biz to investment firms Monday, 11 Aug 2014 | 4:50 PM ET
    JPMorgan Chase headquarters in New York.

    Two investment firms said they would buy half of the portfolio companies held by JPMorgan Chase & Co's private equity business, One Equity Partners.

  • Auto parts maker Visteon's quarterly revenue rises Wednesday, 6 Aug 2014 | 7:30 AM ET

    Aug 6- Auto parts maker Visteon Corp reported a 11 percent rise in quarterly revenue as higher vehicle production boosted sales of its climate control products. Visteon said $258 million of sales in its interiors business were reclassified as discontinued operations since it is divesting a majority of the business.

  • *Deal comes as Siemens overhauls its business. FRANKFURT, Aug 5- German engineering group Siemens plans to sell its hospital IT business to Cerner Corp, a U.S. provider of healthcare IT services, for $1.3 billion in cash, the two companies said late on Tuesday.

  • July 29- Waste Management Inc said it would sell its waste-to-energy unit to private equity firm Energy Capital Partners for $1.94 billion in cash, to focus on its larger solid waste business.

  • Seifi Ghasemi, who successfully executed a number of deals as CEO of Rockwood Holdings Inc, was appointed to the top position at Air Products last month and analysts expect him to divest some of the company's businesses.

  • WASHINGTON, July 17- International Business Machines Corp reported higher than expected quarterly revenue, as it continued to divest low performing sectors and shift to higher-end businesses such as big data, cloud computing, and security and mobile services.

  • July 16- General Electric Co is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reported, citing people familiar with the matter. The business, which had revenue of more than $8 billion in 2013, may fetch $1.5 billion to $2.5 billion in a sale, Bloomberg quoted the people as saying.

  • Slim's Mexico telecoms sale opens doors to competitors Wednesday, 9 Jul 2014 | 5:11 PM ET

    MEXICO CITY, July 9- Mexican tycoon Carlos Slim's plan to divest a chunk of his most valuable asset, phone company America Movil, could open Mexico's telecoms market as never before to rivals.

  • UPDATE 3-Carlos Slim bows to Mexico telecoms reform Tuesday, 8 Jul 2014 | 11:13 PM ET

    MEXICO CITY, July 8- Billionaire Carlos Slim's America Movil said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations.

  • TORONTO, June 23- Canada's SNC-Lavalin Group Inc will buy resource-sector engineering group Kentz Corp in a 1.16 billion pound deal that SNC said on Monday will accelerate its turnaround plan, including the sale of noncore assets.

  • June 19- Enbridge Energy Partners LP said it would sell a 12.6 percent interest in its natural gas midstream business to partner Midcoast Energy Partners LP for $350 million. The deal will immediately add to the earnings of Midcoast Energy, which said it would finance it with debt.

  • *Renesas SP Driver is chip supplier for Apple iPhone screens. TOKYO, May 28- Renesas Electronics Corp plans to sell its majority stake in a maker of iPhone display chips to Synaptics Inc, another smartphone chip supplier, according to sources familiar with the matter.

  • TOKYO, May 27- Renesas Electronics Corp plans to sell its majority stake in a maker of iPhone display chips to Synaptics Inc, another smartphone chip supplier, according to sources familiar with the matter.

  • May 20- British insurer RSA Insurance Group Plc said on Monday it had reached agreement to sell its majority-owned Canadian brokerage business- Noraxis Capital Corp- to U.S. insurance brokerage Arthur J. Gallagher& Co for C $500 million.