Divestment

RECENT NEWS
Reuters  2 hrs ago  Comment 
Oil major BP has appointed a chief executive to look after its U.S. onshore oil and gas assets, months ahead of its plan to spin off the business to boost the profitability of its shale gas portfolio in the country.
Financial Times  Aug 19  Comment 
Detachment reinforces that productivity, rather than scattergun diversification, is the preferred strategy for the mining industry’s biggest name
StreetInsider.com  Aug 19  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/BHP+Billiton+%28BHP%29+Proposes+Spin-Off+of+Metals+and+Mining+Assets+Into+New+Company/9765081.html for the full story.
The Australian  Aug 19  Comment 
BHP has posted a strong lift in annual profit, as it confirmed a spin-off of its nickel and manganese assets.
The Australian  Aug 6  Comment 
ORICA’S biggest local shareholder has backed a flagged $1 billion spin-off of the company’s chemicals unit.
USAToday.com  Aug 5  Comment 
Shares in the media group have risen dramatically in recent years.
newratings.com  Aug 4  Comment 
WASHINGTON (dpa-AFX) - Noble Corp. plc (NE) said Monday that it has completed the spin-off of all of the outstanding shares of Paragon Offshore plc (PGN), which owns most of Noble's standard specification drilling business. As a result,...
The Hindu Business Line  Jul 28  Comment 
Larsen and Toubro Ltd (L&T) posted a 111 per cent rise in net profit at ₹967 crore for the quarter ended June 30 against ₹459 crore a year earlier, thanks to divestment gains from L&T Fina...
Financial Times  Jul 28  Comment 
UK group to divest US business RBP to focus on consumer goods and 19 ‘power brands’ under strategy of chief executive Rakesh Kapoor




 

Divestment

Divestment is the reduction of an asset held by a company. Often divesment is used as a means to grow financially in which a company sells off a business unit in order to focus their resources on a market it judges to have more growth or profit potential. Sometimes, divestment is used to create a spin-off, in which one division of the original company becomes an indepedent firm or a subsidiary of the parent company.

Spin-outs occur when the equity owners of the parent company receive equity stakes in the newly spun out company.

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