Division Sale News: 2012

FirstGroup has decided to sell off another chunk of its underperforming UK bus operations due to the effects of public spending cuts and increasing fuel costs. [more]

The owner of the Quaglino’s restaurant D&D has placed 30 of its restaurants on the market to generate cash for expansion in [more]

The tie up between Anglo American’s Tarmac and French building giant Lafarge has been given the go ahead by the Competition Commission as long as they both sell off a large amount of ass [more]

French Connection could sell the lease on 14 of its high-profile stores in the UK after struggling to maintain a healthy level of sales. [more]

Robinson Webster Holdings is to sell or close down its underperforming fashion brand Kew and focus its efforts on Jigsaw. [more]

Scottish bus firm FirstGroup has placed part of its operations on the market with the aim of generating £100 million in [more]

The Co-operative Group is eager to sell Sunwin Services, its cash handling division, to raise the funds to facilitate its purchase of a portfolio of Lloyds’ bank branc [more]

The planned sale of 630 Lloyds bank branches to the Co-operative Group is facing significant difficulties, after the companies found negotiations to be more difficult than expected. [more]

OpCapita, Comet’s new owner, has unofficially placed 61 of the electricals stores on the market as it prepares to negotiate terms with Comet’s la [more]

Spirit Pub Co is due to put 80 tenanted public houses on the market amid falling revenues. [more]

The struggling greetings card retailer, Birthdays, has been put on the market by its owner Clinton Cards in an effort to return to profit. [more]

Emap is mulling the sale of its magazines and conferences businesses as it considers a restructuring process. [more]

Leicestershire-based LMW Electronics has sold part of its business to global security firm Digital Barrier and, in doing so, has effectively saved 15 jobs. [more]

Packaging manufacturer Rexam has decided to sell off its loss making personal care plastics business, after it was dragged down by increasing costs and lower volumes. [more]

Matrix Private Equity has put its stake in online travel agency Iglu on the market. [more]

Pub firm Enterprise Inns has plans to dispose of some of its best performing pubs over the next two years, to assist in refinancing its £400 million of bank d [more]

Building and property group Pochin is set to sell its underperforming concrete pumping division to an unnamed buyer. [more]

Premier Foods has commenced the sale of its Sarson’s Vinegar brand in a bid to secure new loan terms with its bankers by the end of Ma [more]

De Vere Group is set to sell four of its hotels and one conference venue in order to fund the planned expansion of its Village Hotels operations. [more]

Warehouse property developer Gazeley could be put on the market as its owner seeks to repay some of its £1.3 billion debts this year. It is believed the investment bank Rothschild has been brought in to assist in the sale pro [more]