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Posts related to ‘asset sales’

onshore wind farm

GE Buys Share of French Wind Assets

Posted: December 31, 2012 at 7:53 am

Spain’s largest utility, Iberdrola S.A., has sold off about €850 million of assets so far in 2012, out of planned sales of €2 billion by the end of 2014. Today ...
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Oil pumpjack

Conoco Sells Algerian Assets

Posted: December 18, 2012 at 9:08 am

As part of its strategy to boost shareholder value by selling off noncore assets, ConocoPhillips (NYSE: COP) this morning announced that it is selling its onshore assets in Algeria to ...
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oil pipeline

Kinder Morgan Sells Oil Sands Pipeline System

Posted: December 11, 2012 at 8:45 am

Kinder Morgan Energy Partners L.P. (NYSE: KMP) announced this morning that it has sold its stake in the Express-Platte pipeline system to Spectra Energy Corp. (NYSE: SE) for about $380 ...
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McGraw-Hill Education Division Sold

Posted: November 26, 2012 at 10:59 am

The education division of The McGraw-Hill Companies Inc. (NYSE: MHP) has been sold to subsidiaries of Apollo Global Management LLC (NYSE: APO) for $2.5 billion the company announced this morning. ...
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Conoco Sells Caspian Sea Stake

Posted: November 26, 2012 at 9:32 am

ConocoPhillips (NYSE: COP) announced this morning that it is selling its 8.4% stake in a production sharing agreement in the north Caspian Sea for about $4.9 billion. The carrying value ...
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Total, Sinopec in $2.5 Billion Nigerian Oil Field Deal

Posted: November 19, 2012 at 9:50 am

France’s Total S.A. (NYSE: TOT) announced this morning that it has sold its 20% stake in an offshore Nigerian oil block to subsidiary of China Petrochemical Corp. (NYSE: SNP), or ...
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BHP Dumps Canadian Diamond Mine

Posted: November 13, 2012 at 10:56 am

Diamond company Harry Winston Diamond Corp. (NYSE: HWD) has agreed to purchase the Ekati diamond mine from the Canadian subsidiary of BHP Billiton PLC (NYSE: BHP) for $500 million. BHP ...
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Chesapeake Puts Out Another For Sale Sign

Posted: October 11, 2012 at 2:38 pm

Natural gas producer Chesapeake Energy Corp. (NYSE: CHK) has listed for sale leases on 28,360 net acres of its Granite Wash play in western Oklahoma. According to the listing, the ...
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Murphy Oil in Loeb’s Sights

Posted: October 4, 2012 at 12:35 pm

Dan Loeb’s hedge fund, Third Point LLC, has put together a “significant” stake in Murphy Oil Corp. (NYSE: MUR) and filed with the SEC to buy even more. Murphy today ...
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Dean Foods Exploring Sale of Dairy Business

Posted: September 26, 2012 at 3:03 pm

Food and beverage producer Dean Foods Co. (NYSE: DF) said today that its has “decided to explore a transaction that may result in the sale of the Morningstar business.” The ...
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Exxon Expands in Bakken Shale (XOM, DNR)

Posted: September 20, 2012 at 10:00 am

Exxon Mobil Corp. (NYSE: XOM) announced this morning that it would pay $1.6 billion to Denbury Resources Inc. (NYSE: DNR) for 100% of Denbury’s acreage and interests in the Bakken ...
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Time Warner Cable Dumps Clearwire Shares (TWC, CLWR, S, CMCSA, INTC, GOOG)

Posted: September 18, 2012 at 7:39 am

In a Friday filing with the SEC, Time Warner Cable Inc. (NYSE: TWC) said it will sell its stake of 46.4 million shares of Clearwire Corp. (NASDAQ: CLWR) either to ...
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Energy Stocks Mixed Up on Transactions, China (PXP, BP, RDS-A, RDS-B, RIG, ANR, BTU, KOL)

Posted: September 10, 2012 at 11:22 am

Energy stocks today exhibit all the signs of a market reacting to news that is difficult to categorize easily. First there is the $6 billion in acquisitions announced this morning ...
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Transocean Raising Cash?

Posted: September 10, 2012 at 8:16 am

Drill rig operator Transocean Ltd. (NYSE: RIG) this morning announced the sale 38 of its shallow-water drilling rigs to a consortium of private equity firms called Shelf Drilling International Holdings ...
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DuPont Sells Paint Unit, Will Cut “Overhead” Later (DD, CG, APO, KKR, SYT)

Posted: August 30, 2012 at 8:38 am

Following a months-long auction process, E.I. du Pont de Nemours and Co. (NYSE: DD) has agreed to sell its performance coating unit (DPC) to the Carlyle Group (NASDAQ: CG) for ...
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