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Divestments

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  • JPMorgan to sell commodities business to Mercuria - WSJ Wednesday, 19 Mar 2014 | 5:25 AM ET

    March 19- JPMorgan will sell its commodities trading business to Switzerland- based energy-trading company Mercuria Energy Group Ltd, the Wall Street Journal reported, citing a person familiar with the situation. JPMorgan in London declined to comment on the matter.

  • March 18- Stock market index provider MSCI Inc said it would sell influential governance unit Institutional Shareholder Services to private equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services business.

  • March 18- Stock market index provider MSCI Inc said it would sell proxy advisory unit Institutional Shareholder Services to private-equity firm Vestar Capital Partners for $364 million to focus on its risk investment products and services business.

  • SAO PAULO, March 13- France's Carrefour SA could raise as much as 5 billion reais from the sale of a stake in its Brazilian unit, one source with direct knowledge of the situation said, with potential bidders including Brazilian tycoon Abilio Diniz and a sovereign wealth fund.

  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • CORRECTED-Weatherford to hive off non-core businesses Tuesday, 25 Feb 2014 | 7:13 PM ET

    Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another as it struggles with weak demand in North America, and has identified 6,192 positions for job cuts as part of a previously announced plan.

  • Weatherford to hive off non-core businesses, cut jobs Tuesday, 25 Feb 2014 | 6:10 PM ET

    Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another and lay off 6192 employees as it struggles with weak demand in North America. The company, which is being probed for violations of the United Nations oil-for-food program in Iraq, on Tuesday also reported a wider quarterly net loss.

  • SYDNEY, Feb 21- Anglo Dutch oil company Royal Dutch Shell said on Friday it has agreed to sell its Australian downstream businesses to oil trader Vitol SA for about A $2.9 billion.

  • Shell sells Australian business to Vitol for A$2.9blln Thursday, 20 Feb 2014 | 6:21 PM ET

    SYDNEY, Feb 21- Royal Dutch Shell PLC said on Friday it had agreed to sell its Australian downstream businesses to Vitol SA for about A $2.9 billion. The sale covers Shell's Geelong Refinery and 870 service stations plus its bulk fuels, bitumen and chemicals businesses and part of its lubricants businesses in Australia.

  • Chemical maker Ashland to sell water unit for $1.8 bln Tuesday, 18 Feb 2014 | 9:32 AM ET

    Feb 18- U.S. chemical manufacturer Ashland Inc said it would sell its water technologies unit to a fund managed by Clayton, Dubilier& Rice for about $1.8 billion. The proceeds will be used to fund a $1.35 billion stock repurchase it also announced on Tuesday. Ashland shares were up 2.3 percent at $98.40 in early trading.

  • MADRID, Feb 12- Iberdrola has sold a 22.6 percent stake in Brazil's Itapebi Geracao de Energia to a unit of the Spanish utility's affiliate Neoenergia for 325 million reais, it said on Wednesday.

  • AngloGold Ashanti to sell Namibian unit for $110 mln Monday, 10 Feb 2014 | 8:15 AM ET

    JOHANNESBURG, Feb 10- Africa's top bullion producer AngloGold Ashanti is selling its Namibian unit for $110 million to private mining group QKR, it said on Monday, the disposal being part of a renewed drive to rationalise and focus on its bigger operations.

  • NEW YORK/ LONDON, Feb 7- Swiss industrial conglomerate ABB Ltd is seeking to divest several units whose sale could raise more than $1 billion in total proceeds, according to people familiar with the matter, joining a list of large companies looking to shed non-core businesses.

  • Jan 16- Johnson& Johnson said it would sell its ortho clinical diagnostics unit to private equity firm Carlyle Group for $4.15 billion, shedding a slow-growing business to focus on more lucrative products. J&J shares were up marginally at $95.01 in early trading on the New York Stock Exchange on Thursday.

  • Jan 16- Johnson& Johnson said on Thursday it will sell its ortho clinical diagnostics unit to private equity firm Carlyle Group for $4.15 billion, a year after announcing it was considering spinning off or selling the slow-growing business.

  • NEW YORK, Jan 15- The U.S. Federal Reserve has given JPMorgan Chase& Co an "ultimate time limit" for selling its Henry Bath warehousing unit, a regulatory executive at the U.S. central bank told a Senate banking committee hearing on Wednesday. In July 2013, JPMorgan announced plans to sell the whole of its physical commodities business, which includes Henry Bath.

  • Kodak Selling Two Businesses to UK Pension Fund Monday, 29 Apr 2013 | 11:29 AM ET

    The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.

  • INR/USD to Hover Around 54 Mark: Pro     Thursday, 14 Feb 2013 | 7:40 PM ET

    Rahul Bajoria, Regional Economist, Barclays explains why the Indian rupee is set to hover near the 54 level over the next 12 months.

  • Cisco Sells Home Networking Business to Belkin Thursday, 24 Jan 2013 | 8:28 PM ET

    Cisco Systems is selling its home networking business to Belkin, the networking giant's latest move to exit the consumer business.