Definitions

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  • noun Plural form of divestment.

Etymologies

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Examples

  • Some watchdogs would require "substantial remedies that would be unacceptable to both parties", such as divestments, some would prohibit the tie-up altogether, the company said.

    The Independent - Frontpage RSS Feed 2010

  • Sanofi said it expected business earnings per share—the term Sanofi uses for adjusted income, excluding the impact of acquisitions and divestments—to be 12%-15% lower in 2012 compared with 2011, as new generic competition hits its revenue.

    Sanofi Warns on 2012 Earnings Noémie Bisserbe 2012

  • Although $6 billion of the $15 billion in extra divestments relates to two U.S. refineries, some upstream assets are likely to be sold, too.

    BP Still a Slow-Turning Oil Tanker Andrew Peaple 2011

  • In its 2011 annual report, the company said that while it is more attractive to sell property assets in the U.K. because yields and projected gross domestic product are lower than overseas, "over time, however, we expect a growing proportion of the divestments to come from our other countries as properties mature."

    Tesco to Float $472 Million Thai Property Fund Kaveri Niththyananthan 2011

  • CapitaLand made fourth-quarter portfolio gains of S$194.2 million, mainly from the divestments of a majority stake in Raffles City Changning, a commercial property development, and 28 serviced residence properties into Ascott Residence Trust.

    CapitaLand Fourth Quarter Net Beats Forecast Chun Han Wong 2011

  • Adjusted earnings—which strips out acquisitions, divestments and the change in the value of assets—were 45.9 billion kroner, up 12.5% but below expectations of 47.6 billion.

    Statoil Net Profit Soars Kjetil Malkenes Hovland 2012

  • Add this to a handful of other divestments in power, energy and minerals companies, and a jackpot from the sale of telecom airwaves, and the government has netted itself a cool $29 billion this year.

    Testing New Delhi's Fiscal Fitness Harsh Joshi 2010

  • The company said the divestments were part of a strategy to refocus its Nigerian onshore interests and in line with the country's goal of giving indigenous companies a greater role in the country's oil and gas sector.

    Shell Sells Oil Stakes in Nigeria Alexis Flynn 2011

  • However, the financial crisis that has roiled markets over the past few years has hit the highly indebted Spanish builder hard and forced it to carry out divestments to reduce its debt load.

    Ferrovial Looks to Cut Debt With BAA Stake Sale Pablo Dominguez 2010

  • SINGAPORE—CapitaLand Ltd. reported a better-than-expected fourth quarter net profit on Tuesday, after recording one-time gains from divestments of commercial and residential properties.

    CapitaLand Fourth Quarter Net Beats Forecast Chun Han Wong 2011

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