Egypt raises $800 million from hotels in divestment drive – PM
By Patrick Werr CAIRO (Reuters) -Egypt’s sovereign wealth fund has signed an $800 million deal to sell a stake in seven prominent hotels to Egypt’s …
divestment
Sri Lanka seeks bids in divestment of loss-making state carrier
COLOMBO (Reuters) – Sri Lanka has invited bids for state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises …
Brazil’s Petrobras walks back 4 divestment processes after review
SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras said on Monday it has decided to halt some key asset sales after concluding a broad …
John Kerry Pushes For Divestment From Oil And Gas, Contradicting Biden’s Statements
John Kerry Pushes For Divestment From Oil And Gas, Contradicting Biden’s Statements Jack McEvoy on October 25, 2022 President Joe Biden’s climate envoy, John Kerry, …
Canada’s Teck eyes spinoff or divestment of Fort Hills oil sands stake
By Nia Williams (Reuters) – Canada’s Teck Resources said on Thursday it could pursue a spinoff or divestment of its stake in the Fort Hills …
Putin divestment decree complicates OTP’s Russian exit effort
BUDAPEST – Hungarian OTP Bank’s Russian unit has attracted “serious interest” from potential bidders, but a Russian presidential decree banning the sale of Western banks …
Siemens Energy not pursuing divestment of Siemens Gamesa for now
FRANKFURT – Siemens Energy is not currently looking at divesting its wind turbine division Siemens Gamesa as part of a strategic review, its Chief Executive …
California pension leaders differ on Russia divestment
By Ross Kerber BOSTON -Top California pension leaders on Monday offered different takes on whether the state’s big retirement funds should divest from Russian assets …
New York City Comptroller to suggest Russian assets for divestment
By Ross Kerber BOSTON – New York City Comptroller Brad Lander on Sunday said he plans to specify Russian assets for city pension boards to …