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Divestments

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  • April 30- Dow Chemical Co said it would sell its AgroFresh unit, which makes chemicals that keep farm produce fresh, for $860 million as part of a plan to divest less-lucrative units. The company said it was selling the business to Boulevard Acquisition Corp, a blank-check company formed by investment firm Avenue Capital Group. AgroFresh's specialty chemical...

  • April 22- Generic drugmaker Teva Pharmaceutical Industries Ltd said it could "promptly" divest some operations to obtain regulatory clearance for its proposed $40 billion takeover of smaller rival Mylan NV. Mylan, which has said a merger with Teva would be bad fit, plans to make a new offer for Perrigo Co Plc in the near term, CNBC reported on Wednesday.

  • April 22- Teva Pharmaceutical Industries Ltd said on Wednesday it could "promptly" divest some operations if necessary to obtain regulatory clearance for its proposed takeover of smaller rival Mylan NV. Meanwhile, Canonsburg, Pennsylvania- based Mylan is pursuing its own $29 billion unsolicited bid for Perrigo Co Plc, which the maker of over-the-counter...

  • April 16- Canadian auto-parts maker Magna International Inc said on Thursday it will sell most of its vehicle-interiors operations to Spain's Grupo Antolin for about $525 million. The deal covers 36 manufacturing plants and about 12,000 employees in Europe, North America and Asia, the company said. "Overall, we regard the deal as positive as it takes out of a...

  • UPDATE 1-Citi seeking to sell retail FX arm -source Tuesday, 14 Apr 2015 | 8:32 AM ET

    LONDON, April 14- Citigroup Inc is seeking a buyer for its retail forex brokerage CitiFX Pro as part of efforts to streamline the banking world's biggest currency trading operation, a source familiar with the situation told Reuters on Tuesday. Citi has cut staffing and computerised many elements of its currency business in recent years. New York- based Citi has...

  • LONDON, April 14- Nestle is in advanced talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, a person familiar with the situation said on Tuesday. Credit Suisse is handling the sale for Nestle, which is expected to raise between 200 million and 300 million euros, said a second source. Nestle declined to comment, while Brakes...

  • LONDON, April 14- Nestle is in advanced talks to sell its frozen food unit Davigel to Brakes Group, owned by buyout fund Bain Capital, a person familiar with the situation said on Tuesday. The talks, reported earlier by French daily Les Echos, are ongoing and a deal is expected to be signed soon, said the person, who asked not to be named because the discussions are...

  • SYDNEY, April 10- Australia's largest private land owner will sell its cattle operations, including the world's largest ranch and an area equivalent in size to South Korea, to raise cash for other businesses and investments. S. Kidman& Co said it will sell its privately owned 11 cattle stations and a feedlot, complete with more than 200,000 head of cattle and more...

  • April 9- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, said it will sell most of its Bache unit's futures business to Societe Generale. Societe Generale said in a statement on Thursday that the transaction covered mostly futures execution and clearing activities. Societe Generale's shares were slightly up at 46.54 euros in Paris.

  • April 9- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, said it will sell most of Bache unit's futures business to Societe Generale. Jefferies also said it bought Faros Trading LLC, the institutional foreign exchange brokerage unit of retail currency broker FXCM Inc.. Societe Generale's shares were slightly up at 46.54 euros in Paris.

  • April 2- United Technologies Corp said it brought back Robert Leduc to be president of its Sikorsky helicopter unit, which the company is planning to spin off. Leduc had retired from United Tech, which makes parts for Boeing Co and Airbus, in 2014 after a 35- year stint at the company. The appointment, effective immediately, comes less than a month after United Tech...

  • HANOI, April 1- Vietnam needs to quicken the privatization of state-owned enterprises as well as divestment from non-core businesses to raise capital and boost performance, the country's prime minister said on Wednesday. Vietnam has been striving to trim state stakes in SOEs, many of which have low profitability and high levels of non-performing loans.

  • TOKYO, March 31- Citigroup Inc has agreed to sell its credit card unit in Japan to Sumitomo Mitsui Trust Bank, the companies said on Tuesday, as the U.S. bank slims down globally to bolster its profitability. The transaction is expected to close by the end of the year, Citigroup and Sumitomo Mitsui Trust Holdings Inc said in separate statements.

  • NEW YORK, March 30- Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. Two Morgan Stanley managers who were involved with Wentworth, Alberto Chiesara and Ryan Comerford, are leaving to...

  • March 3- Citigroup Inc said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc for $4.25 billion in cash. The consumer finance company is part of Citi Holdings, which Citigroup created during the financial crisis to park assets that it wanted to eventually divest or wind down.

  • March 3- Citigroup Inc said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc for $4.25 billion in cash. The sale of OneMain is a major step in the No. 3 U.S. bank's plan to sell unwanted assets and focus on wealthier clients. OneMain is part of Citi Holdings, which Citigroup created during the...

  • LONDON, March 2- GlaxoSmithKline and Novartis said on Monday they had completed a series of asset swaps worth more than $20 billion that will reshape both drugmakers. GSK is forming a consumer health joint venture with Novartis, while at the same time buying the Swiss company's vaccines business and divesting its cancer drugs portfolio to Novartis.

  • FRANKFURT, Feb 27- German utility RWE said on Friday that completion of the sale of its oil and gas unit DEA to Russian tycoon Mikhail Fridman was imminent, following a media report that it would be concluded on Monday. The deal was first announced just under a year ago but ran into difficulties in being cleared in Britain in view of the economic sanctions imposed on...

  • Moller-Maersk will hand shareholders a $6.6 billion windfall in dividends this year after it sells its 20 percent stake in Denmark's biggest bank Danske. Analysts had expected Maersk to announce the divestment of some assets on Wednesday as part of its strategy of focusing on its core shipping and oil divisions- but the Danske Bank stake had not been among the...

  • TORONTO, Feb 24- Turquoise Hill Resources Ltd on Tuesday agreed to sell the remainder of its stake in SouthGobi Resources, in an attempt to finally sever ties with the Mongolian coal miner that was once worth over C $3 billion. Turquoise Hill, a unit of Rio Tinto, in July agreed to sell the majority of its stake in SouthGobi to Hong Kong- listed National United...