All articles tagged with #divestment
The U.S. President has ordered that Hiefo Corporation, controlled by a Chinese citizen, divest its interests in certain assets of Emcore Corporation due to national security concerns, prohibiting the transaction and requiring divestment within 180 days, with strict oversight and compliance measures enforced by CFIUS.
bp has agreed to sell a 65% stake in Castrol to Stonepeak for $10.1 billion, as part of its strategy to simplify its portfolio and strengthen its balance sheet, with the transaction expected to complete by the end of 2026 and proceeds used to reduce debt.
BP is selling a 65% stake in its Castrol lubricants business to private equity firm Stonepeak for $6 billion as part of its strategy to reduce debt and focus on core oil and gas operations, with BP retaining a 35% stake and the deal expected to complete by the end of 2026.
BP has agreed to sell a 65% stake in its Castrol lubricants business to US investment firm Stonepeak for $10.1 billion, as part of BP's strategy to reduce debt and streamline operations, with proceeds to be used for debt repayment and strategic refocusing.
BP is selling a 65% stake in its Castrol lubricants unit to Stonepeak for $6 billion, valuing the unit at $10.1 billion, as part of a broader strategy to divest $20 billion of assets and focus on core oil and gas operations. The sale is a milestone in BP's strategic reset, which includes leadership changes and a focus on simplifying its business.
Starbucks is selling a controlling stake in its China operations to Boyu Capital in a $4 billion deal, forming a joint venture where Starbucks will hold 40% and Boyu up to 60%, as part of its strategy to exit a declining market share in China due to fierce local competition.
Warner Bros. Discovery, the parent company of CNN and HBO, is considering selling its news and streaming units after announcing a split of its entertainment and sports/news divisions, following bid interest.
ABB is selling its Robotics division to SoftBank for $5.375 billion, aiming to leverage combined AI and robotics expertise, while using the proceeds to strengthen its core business areas and focus on electrification and automation.
Rep. John Moolenaar has called for an urgent White House briefing regarding the proposed TikTok deal, which aims to transfer ownership to U.S. entities while addressing legal and security concerns, amidst ongoing negotiations and legislative oversight.
There is no clear information on the potential sale of TikTok following a phone call between Trump and Xi, with U.S. lawmakers demanding full divestment from Chinese control to comply with bipartisan laws, and skepticism about any deal that involves partial ownership or control by China.
Warren Buffett expressed disappointment with Kraft Heinz's breakup plan, reflecting on a significant investment loss since the 2015 merger, with Berkshire Hathaway holding a large stake that has declined in value. Buffett doubts splitting the company will fix its struggles, which are compounded by industry challenges and past strategic missteps, including Berkshire's unchanged ownership and the company's underperformance.
Norway's sovereign wealth fund divested from Caterpillar over human rights concerns related to Gaza, prompting US Senator Lindsey Graham to threaten tariffs and visa restrictions against Norway, which the Norwegian Prime Minister diplomatically addressed. The move was part of Norway’s stance against alleged violations of international law by Israeli military use of Caterpillar equipment in Gaza.
Norway's Prime Minister responded to US Senator Lindsey Graham's criticism of the country's $2 trillion sovereign wealth fund over its divestment from Caterpillar, clarifying that the decision was not political and highlighting the fund's ethical guidelines amid tensions related to Israel and Gaza.
Norway’s $2tn oil fund has divested from Caterpillar and several Israeli banks due to allegations that their products and services are used to violate international humanitarian law in Palestinian territories, marking a significant move driven by ethical concerns and public pressure.
Norway’s $2 trillion sovereign wealth fund is planning to sell more Israeli stocks due to concerns over the Gaza and West Bank situation, having already divested from some companies including Bet Shemesh Engines, and plans to review and potentially exit more investments in Israel.