Division Sale Acquisitions News: July 2003

Thu, 31 Jul 2003: Pfizer, the US drugs group, is considering the sale of its surgical opthalmology business, which generates $150m in annual turnover. The division has manufacturing facilities in the Netherlands and Sweden. Pfizer is being advised by Morgan Stanley. ...
[more: Pfizer, the US drugs group, is consideri...]

Mon, 28 Jul 2003: Kleeneze has sold its DMG display marketing business to Premier Direct for £4.1m...
[more: Kleeneze has sold its DMG display market...]

Mon, 28 Jul 2003: Ashtead has raised £6m from the disposal of certain non-core businesses, including the sale of the rental assets of its Big Air division to Spee...
[more: Ashtead has raised £6m from the disposa...]

Mon, 28 Jul 2003: Abbey National is understood to be in talks with various parties to sell its French mortgage business, which has assets of £4bn. The Abbey Nati...
[more: Abbey National is understood to be in ta...]

Mon, 28 Jul 2003: Centrica, Britain's biggest household energy supplier, is preparing to sell Goldfish, its loss-making financial services arm. Goldfish as expand...
[more: Centrica, Britain's biggest household en...]

Mon, 28 Jul 2003: Cheung Kong Infrastructure Holdings, the infrastructure businesses with businesses stretching around Canada, Australasia and the Far-East is intereste...
[more: Cheung Kong Infrastructure Holdings, the...]

Mon, 28 Jul 2003: The tour operator MyTravel has put its American assets up for sale in a move that could raise more than $300m. The debt-laden company has hired Banc ...
[more: The tour operator MyTravel has put its A...]

Tue, 22 Jul 2003: Smiths Group is to sell its polymers division to Trelleborg of Sweden for £495m, in order to reduce debt and focus on detection, aerospace and m...
[more: Smiths Group is to sell its polymers div...]

Tue, 22 Jul 2003: Smiths Group, the aerospace and defence group, is currently in talks with two buyers who are competing to buy its polymers division. The group feels t...
[more: Smiths Group, the aerospace and defence ...]

Mon, 21 Jul 2003: Hays has sold its business process outsourcing division to Astron for £21m, as part of a strategy to focus on recruitment...
[more: Hays has sold its business process outso...]

Fri, 18 Jul 2003: Swiss Life has said that it admits that it cannot find a buyer for its UK life arm and said that it was closing the operation to new individual busine...
[more: Swiss Life has said that it admits that ...]

Thu, 17 Jul 2003: William Jacks is to sell its BMW and Mini car dealerships in Cobham and Wimbledon to Inchcape Estates for £6.2m....
[more: William Jacks is to sell its BMW and Min...]

Wed, 16 Jul 2003: Wilson Pitts, the Leeds-based insolvency firm, has sold The Great Northern Wine Company of Ripon to a former manager....
[more: Wilson Pitts, the Leeds-based insolvency...]

Mon, 14 Jul 2003: Kingfisher has sold Dubois Materiaux, its French builders merchant subsidiary, to Saint-Gobain for £69m....
[more: Kingfisher has sold Dubois Materiaux, it...]

Mon, 14 Jul 2003: Hays is to sell its information management services business to Iron Mountain Europe for £200m....
[more: Hays is to sell its information manageme...]

Mon, 14 Jul 2003: ICI has sold its waste management business to the Impetus arm of Thornaby-based Scott Bros Group, and more than £1m will be invested in new equi...
[more: ICI has sold its waste management busine...]

Mon, 14 Jul 2003: Chemring is to sell its Alloy Surfaces chemicals business in the US to Akron Paint & Varnish for up to £2.5m....
[more: Chemring is to sell its Alloy Surfaces c...]

Mon, 14 Jul 2003: Hays has found a buyer for its document-storage business which it had put up for sale. The group is now focusing on the sale of its logistics business...
[more: Hays has found a buyer for its document-...]

Mon, 14 Jul 2003: Bouygues, the French industrial group, has appointed NM Rothschild to examine a possible sale of South East Water, the £400m water company base...
[more: Bouygues, the French industrial group, h...]

Fri, 11 Jul 2003: WH Boddington, the Tonbridge-based injection moulder, has been sold by Helix Industries to private equity firm Rubicon Partners, along with four other...
[more: WH Boddington, the Tonbridge-based injec...]