Last week the Federal Antimonopoly Service required Russian Railways (RZD) to provide a plan of
non-core assets sales, something that included Lokomotiv Moscow, who are currently ranked second in the Russian Premier League.
«We have taken important and significant steps to reposition AIG by both simplifying and de-risking the company, and realizing attractive valuations from
non-core asset sales.
However, thanks to
some non-core asset sales and its strong cash flow in recent quarters, Teck Resources has been slowly shoring up its financial situation.
Not exact matches
Many conglomerates have been holding onto
non-core assets because they didn't want to generate a big tax bill on the
sale.
Profitable
sales of such
non-core assets could accelerate the cleansing process and free up capital.
The company was reported last month to be looking to raise as much as $ 10 billion through the
sale of
non-core assets in order to help pay down some of the $ 50 billion or so it has proposed to borrow to pay for EMC.
Despite the inauspicious start, Banducci — one of the Financial Review's Business People of the Year — has proved the doubters wrong, restoring
sales growth in supermarkets, taking market share from Coles and Metcash's IGA retailers and defending Woolworths» turf from Aldi while extricating the retailer from its disastrous foray into home improvement and selling off
non-core assets.
Management can reward shareholders by giving out special dividends or conducting capital reduction with the
sale proceeds from the complete or partial divestment of Sitra's
non-core assets.
Management may not give a special dividend or conduct capital reduction upon
sale of the
non-core assets
On emerging from chapter 11 the company still had $ 900 million in LT debt which was planned to be paid down through the
sale of
non-core assets over the 12 to 18 months plus a large underfunded pension liability.
«The decision to sell this shopping center, as was the case with the recent
sale of a freestanding Toys «R» Us in Commack, N.Y., is part of our overall strategy to sell
non-core assets that are not redevelopment candidates,» says Dennis Gershenson, president and CEO.
«Furthermore, by funding much of this acquisition with proceeds from the
sale of
assets in our
non-core, exit markets, we are accelerating the completion of the total transformation of our portfolio.»
«Since the beginning of 2011, we have generated liquidity in excess of $ 2 billion from the
sale of
non-core assets, non-recourse
asset financings and a new credit line,» GGP CEO Sandeep Mathrani said in a statement.
Selected
non-core assets will be immediately marketed for
sale.
As more hospitals monetize
non-core assets, we will see new investment
sales, management and leasing opportunities.
The bank has also identified various
non-core assets and real estate properties for
sale to shore up its capital, sources said.