Woodside stake to be divested in pieces - bankers

Bankers expressed their doubts that Royal Dutch Shell's 23.1% stake in Woodside Petroleum could be snatched up by bigger oil companies as the latter are also eyeing to sell assets as well.

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AT&T plans to divest its wireline assets in Connecticut for $2B to Frontier

On Tuesday, AT&T agreed to sell its wireline assets in Connecticut to Frontier Communications for $2 billion in cash in order to fund the US phone company's ongoing massive network upgrades.

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GM exit Peugeot, finds Dongfeng as new potential partner in tie-up talks

As General Motors Co disposes its 7% shareholder interest in France's PSA Peugeot Citroen, the latter said it is currently in talks with Dongfeng about a potential tie-up.

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Sources say CVC plans to divest Swiss telecom Sunrise

Private equity fund CVC is said to be divesting Sunrise, a mobile operator in Switzerland and has already engaged banks to discuss about their roles for a potential listing or sale.

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Cisco receives investor pressure to divest its TV set-top box business

Should it relent to pressure to sell its television set-top box business, Cisco could have difficulty finding obvious buyers for the unit, said a Reuters report.

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Volvo to divest its machine rental business to Platinum Equity for USD1.1 billion

Volvo AB has entered into a definitive agreement to divest its construction-equipment rental business Volvo Rents to Platinum Equity in a SEK7.2 billion or USD1.1 billion debt sale deal.

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Newspaper reports EADS plans to reduce workforce, sell Paris headquarters for restructuring

The European Aeronautic Defence and Space Company or EADS plans to cut anywhere from 5,000 to 6,000 jobs and sell its Paris headquarters as part of its reorganization program, Le Figaro newspaper reported.

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Tyco's USD1.6 billion South Korea unit attracts bids from KKR, Bain - sources

Tyco International Inc's South Korean security systems unit ADT Caps is reportedly attracting bids from private equity firms including KKR & Co LP and Bain Capital.

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ThyssenKrupp rejects speculation of sale of its Steel Europe business

A company spokesman of multinational conglomerate corporation ThyssenKrupp said it will be keeping its Steel Europe business, rejecting speculation on divesting the asset in the efforts to restructure the German company.

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Norways prepares for divestments as ownership of Statoil is subject for a review

A December 4 interview conducted by Bloomberg with Industry Ministry Monica Maeland revealed Norway's plans to divest some of its holdings in several companies including Statoil ASA.

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South Africa pension fund thinks Bidvest's bid for Adcock Ingram is too low - source

An unnamed source told Reuters that drugmaker Adcock Ingram's largest shareholder Public Investment Corporation will not be putting up its 19% ownership stake for sale as the offer extended by potential buyer Bidvest undervalued its holding.

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VTB of Russia gets USD1.2 billion from its 50% stake divestment in Tele2

According to third quarter results released by Russian bank VTB Group, the bank already sold a 50% stake in Tele2 that it acquired earlier in April this year for RUB40.4 billion or USD1.2 billion.

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Dow Chemical said it will exit from assets worth $5B

Dow Chemical revealed its plans today to divest its USD5 billion worth of assets, which was way more than the range chief executive Andrew Liveris initially declared in October.

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ThyssenKrupp to divest its steel plant in the US for up to USD1.5 billion - sources

In an article on Reuters, two unidentified sources were cited saying that ThyssenKrupp is set to divest its US steel plant and expects to obtain around USD1.5 billion from its asset sale.

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Ex-CEO shows interest in buying Diageo's Whyte & Mackay

A statement by investment firm Vasari said its chairman, Vivian Imerman, has shown interest in acquiring Whyte & Mackay should Diageo chose to divest them in order to comply with competition concerns.

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