Divestment

RECENT NEWS
Reuters  Nov 25  Comment 
Investors in Sri Lanka's stock market should not be worried about political uncertainty ahead of the 2010 elections or hedge fund Galleon's divestment of assets in the island nation, its chief regulator said on Wednesday.
The Economic Times  Nov 22  Comment 
The companies that may be offered on lease are HMT, Triveni Structurals & NEPA. 'Bubbles to continue inflating for a long time' | India's slow road to economic reform
New York Times  Nov 20  Comment 
AOL announced Thursday it would cut its work force by one-third by eliminating close to 2,500 workers, as the company prepares to be spun off from its parent.
Reuters  Nov 20  Comment 
Shareholders of two funds run by Putnam Investments on Thursday became the latest to reject measures that urged divestment of investments in oil companies doing business in Sudan.
Reuters  Nov 19  Comment 
Shareholders of two funds run by Putnam Investments on Thursday became the latest to reject measures that urged divestment of investments in oil companies doing business in Sudan.
Finance Asia  Nov 18  Comment 
The developer and operator of Asian shopping malls prices its IPO below the mid-point, but increases the institutional tranche slightly in response to good demand.
Sydney Morning Herald  Nov 17  Comment 
Carbon Energy Ltd has lodged a prospectus for its uranium asset spin-off, Energia Minerals NL, which seeks to raise up to $7.5 million.
Metal Bulletin  Nov 17  Comment 
Newmont Mining Corp's Indonesian subsidiary has sold a 10% stake to the government for $391 million.
Sydney Morning Herald  Nov 17  Comment 
Cape Lambert Iron Ore is pursuing a new investment strategy and plans to spin off its only producing asset in the largest resources float this year.
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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.

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