AssetSale

Nigeria Greenlights Shell's $1.3 Billion Asset Sale to Renaissance

5 days ago

In a significant development in the energy sector, the Nigerian government has officially approved Shell's ambitious plan to divest $1.3 billion worth of oil and gas assets to Renaissance, a move that could reshape the landscape of the country's hydrocarbons industry. This decision comes in the backdrop of a broader government strategy aimed at attracting foreign investment while addressing domestic energy challenges.

KKR Reports Massive 45% Surge in Profit from Asset Sales in Q4

6 days ago

In a remarkable financial revelation, KKR & Co. Inc. has announced a staggering 45% increase in profits from asset sales during the fourth quarter of 2024. This surge demonstrates the investment firm’s ability to navigate and capitalize on the ever-changing market landscape, securing deals that significantly bolstered its bottom line.

New Fortress Energy Expands Horizons with Asset Sale Exploration

1 month ago

New Fortress Energy, a prominent player in the energy sector, has initiated a strategic review of its assets, enlisting the expertise of leading financial advisors Lazard and Intrepid Financial Partners. This move aims to explore potential asset sales that could reshape the company’s financial landscape and streamline its operations amid evolving market dynamics.

B. Riley Financial's Asset Sale Yields $236 Million to Tackle Debt

2 months ago

In a strategic move to bolster its financial standing, B. Riley Financial recently announced the successful sale of a significant asset, raising a substantial $236 million. This transaction marks a decisive step for the company, aimed at alleviating its debt burden and enhancing its overall financial health.

Santander Embraces Capital-Light Model Through Key Asset Sales

2 months ago

In a significant strategic pivot, Banco Santander S.A. has announced plans to divest a substantial portion of its assets to transition towards a more capital-light business model. This change is poised to enhance the bank's operational efficiency while also bolstering its financial robustness in a dynamically shifting economic landscape.

TPG Telecom and Vocus Engage in Major $5.25 Billion Asset Sale

2 months ago

In a significant development within the telecommunications sector, TPG Telecom has announced its intention to sell its fixed assets to Vocus Group in a deal valued at an impressive $5.25 billion. This transaction comes as both companies position themselves to enhance their footprints in the rapidly evolving telecommunications landscape, marked by growing demands for robust connectivity and infrastructure.