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 Talaat Moustafa Group (TMG) in…
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 Talaat Moustafa Group (TMG) in…
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 under a $2.9 billion International…
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 revision of divestment processes, which…
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, said during a Tuesday speech…
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 oil sands project if the…
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 could complicate any deal, deputy…
FRANKFURT – Siemens Energy is not currently looking at divesting its wind turbine division Siemens Gamesa as part of a strategic review, its Chief Executive Christian Bruch told journalists on…
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 in the wake of the…
By Ross Kerber BOSTON – New York City Comptroller Brad Lander on Sunday said he plans to specify Russian assets for city pension boards to “consider for divestment” in response…