Keywords: Divestment
ING, the largest Dutch bank by total assets, announced Tuesday it had terminated its agreement to sell its Russian subsidiary to Moscow-based Global Development JSC, more than 14 months after the deal was first announced. The bank said there was "no realistic prospect" that the buyer would......
Dutch banking group ING has announced the termination of its agreement to sell its Russian operations, citing regulatory obstacles that made the completion of the deal unlikely. The agreement, initially reached in January 2025 with a Moscow-based buyer, was part of ING’s broader strategy to exit......
The European Commission on Friday approved Universal Music Group’s 775 million dollar acquisition of Downtown Music Holdings, subject to conditions requiring the sale of Downtown’s royalty accounting platform Curve to address competition concerns. The conditional clearance concludes a months......
The Dutch pension fund PME, overseeing 60 billion euros in retirement savings for metal and technology sector workers, revealed plans on Thursday to ramp up investments in European assets and significantly cut back on US exposure. PME leaders declared that the United States is no longer the dependable......
The US Treasury Department has granted a one-month extension on sanctions relief for Serbia's NIS oil company, majority-owned by Russian entities, pushing the deadline to February 20, 2026. This move provides the Balkan nation breathing room to secure winter fuel supplies amid ongoing talks to divest......
Société Générale’s latest divestment in Africa A consortium of investors, including Enko Capital and Oronte, has finalized the acquisition of Société Générale’s Mauritanian retail banking subsidiary. Announced on Monday, this move marks......
Norway’s largest public pension fund, KLP, has announced its decision to withdraw investments from two international firms Oshkosh Corporation and ThyssenKrupp over concerns that their products are being used by the Israeli military in Gaza. KLP stated that it acted after reviewing UN reports......
Mining company Chariot Limited has announced its full reclamation of two significant offshore gas licenses in Morocco, following Energean plc's decision to divest its stake in the ventures. Energean has transferred its entire interest in the Lixus Offshore and Rissana Offshore licenses back to Chariot......
Sound Energy has completed the partial divestment of its Moroccan gas assets to Managem Group, a transaction valued at up to $45.2 million. This move is in line with Sound Energy’s strategy to unlock greater value from its energy projects in Morocco. Graham Lyon, Executive Chairman of Sound Energy,......
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