Division Sale News

Reed Elsevier has reduced the asking price of its Business Information division from £1.25bn to £1bn in order to ensure the completion of [more]

Two of Britain's largest banks, Abbey and HSBC, are preparing to sell off their train-leasing divisions in an effort to raise cap [more]

The Co-operative's takeover of Somerfield has been given the go-ahead by the Office of Fair Trading, on the condition that they sell off 126 local st [more]

Premier Foods is considering putting some of its famous brands on the market as it aims to reduce its debt. [more]

AIG, American insurer, is going to sell its 50% stake in London City airport to its partner, Global Infrastructure Partners (GIP), for an estimated £2 [more]

The satellite broadcaster, BSkyB, has been told by the Competition Appeal Tribunal that it must sell over 10% of its stake in ITV. [more]

Interactive Prospect Targeting, the direct online marketing group, is to sell off its UK businesses as well as one of its French divisions after a strategic review. [more]

GKN, the UK-based engineering company, is due to finalise plans to acquire a significant part of the manufacturing site at Filton owned by the French aircraft company, Airbus, after securing about £60m in support from the British Govern [more]

Estate agent Foxtons and BC Partners, its private equity owner, have appointed NM Rothschild to carry out a review of the business, according to reports. [more]

The Competition Commission has recommended that BAA sells two of its three airports in the South East - Heathrow, Gatwick and Stansted, and one of its two airports in Scotland - Glasgow and Edinburgh. [more]

Britain’s largest proposed offshore wind farms are to be sold off less than a year after the Christofferson Robb hedge fund purchased the proj [more]

MUI, a listed business in Malaysia, is looking at selling of some of its poor-performing hotels located in the UK as the group continues to review its hotel business. MUI now runs 13 hotels - 11 in the UK and two in Malaysia. [more]

Sir Richard Branson's Virgin Active has put in a bid to purchase parts of Esporta, the health club chain which is up for [more]

Unilever, the consumer goods group, is to sell its palm oil plantations based on the Ivory Coast. The group's edible oil business has a yearly turnover of £67 [more]

Entertainment Rights, the company behind Basil Brush and Postman Pat, is considering the sale of its American children's character assets, Big Idea, as it looks to reduce £107 million wort [more]

HBOS, the UK-listed banking group, might decide to make disposals to boost its capital. [more]

A part-owner of James Hull Associates has hired sale advisers, according to reports. Private-equity house and 40% shareholder Hutton Collins have reta [more]

British banking group HSBC is mulling a sale of its train-leasing division, HSBC Rail. [more]

Gama Holdings Ltd, an international aviation group, has announced the acquisition of PrivatAir Inc, the US-arm of the PrivatAir Group. [more]

The chief executive of Standard Life, Sandy Crombie, has suggested that the insurer may sell off its underperforming banking business, which has been experiencing liquidity problems as a result of the credit crunch. [more]