Mexico’s Televisa close to launching sports and gaming spin-off
MEXICO CITY (Reuters) – Mexico’s Grupo Televisa is set to launch the spin-off of its sports, gaming and some editorial operations in February, to focus in its core business, documents published by…
UBS has hired JPMorgan to explore C.Suisse domestic spin-off -Swiss media
ZURICH (Reuters) – UBS has hired JPMorgan to explore a possible IPO of Credit Suisse’s domestic business, Zurich based finance blog Inside Paradeplatz reported on Thursday. Last month UBS agreed to takeover…
Maserati aims at driving margins higher before any spin-off talk
By Giulio Piovaccari MILAN (Reuters) – Maserati aims to increase its margin on operating profit to 15% in the next 12 months and sees a longer term target of 20% by the…
Vale CEO says iron ore miner will spin-off copper, nickel unit
LONDON (Reuters) – The chief executive of Vale SA said on Friday the Brazilian iron ore miner is reconsidering a near-term spin-off of its base metals business and an eventual public listing.…
Analysis-Kroger, Albertsons spin-off is extra ammunition in regulatory battle
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – Kroger Co and Albertsons Cos Inc are willing to divest up to 650 supermarket stores to secure regulatory clearance for their $24.6…
J&J names consumer health business Kenvue ahead of spin-off
(Reuters) -Johnson & Johnson named its consumer business Kenvue on Wednesday, moving ahead with its plans to spin-off the unit in what would be the biggest shake-up in the healthcare conglomerate’s 135-year…
Brazil’s Natura denies plan to spin-off, sell companies
SAO PAULO (Reuters) – Brazil’s Natura & Co Holding SA said on Thursday its board is not considering a spinoff of its Aesop cosmetics brand or the sale of Body Shop, denying…
Analysis-Novartis CEO may struggle to rally investors to Sandoz spin-off
By Natalie Grover LONDON (Reuters) – Novartis CEO Vas Narasimhan could struggle to woo investors to the listing of generics drugs business Sandoz, as weaker drug prices and jittery financial markets present…
Gap CEO exit opens door for spin-off talks again
(Reuters) – The abrupt exit of Gap Inc’s chief executive on the back of falling sales and shrinking margins will likely push the struggling apparel retailer to sell one or more of…
GSK to name consumer healthcare unit ‘Haleon’ after spin-off
– GlaxoSmithKline said on Tuesday its consumer healthcare venture with Pfizer will be named Haleon, as the British drugmaker confirmed the business will be spun off in mid-2022 as planned after having…
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