je.st

Home › divestment

Tag: divestment

GE Begins Divestment Of Baker Hughes With $2.7 Billion Share Sale

2019-09-12 01:25:35| OGI

General Electric Co. (GE) on Sept. 11 said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.

Tags: share sale begins billion

Divestment Movement To Oil And Gas Industry: Drop Dead

2019-09-04 15:00:00| OGI

Combined with a shaky outlook for the world economy and trade tensions, the campaign to push institutional investors to withdraw from fossil fuel stocks has contributed to driving down share prices.

Tags: industry dead gas oil

Groans turn to cheers as Anheuser-Busch InBev divestment brings Australian sunshine - analysis

2019-07-19 14:32:00| Daily beverage news and comment - from just-drinks.com

The velveted brickbats were flying earlier in the week after Anheuser-Busch InBev pulled the plug on its Asia-Pacific IPO. "A rare misstep," said Bernstein. "The signal is pretty bad," added AlphaValue.

Tags: turn analysis australian brings

Axiata Group's Q1 profit doubles on one-off gains from M1 divestment

2019-05-29 09:31:00| Telecompaper Headlines

(Telecompaper) Axiata's cash balance grew to MYR 6.8 billion in the first quarter of 2019, up from MYR 5.1 billion in 2018, following the M1 divestment which resulted in an estimated MYR 1.65 billion cash gain. Axiata agreed to sell its stake in Singapore operator M1 in the buy-out offer from shareholder Keppel.

Tags: groups profit gains doubles