Core Viewpoint - Diageo has entered into an agreement to sell its 65% shareholding in East African Breweries plc (EABL) and its stake in the Kenyan spirits business, UDVK, to Asahi Group Holdings, Ltd, aligning with its strategy of selective disposals of non-core assets to strengthen its balance sheet and support its commitment to de-levering [1]. Group 1 - Diageo's sale of its shareholding in EABL is part of a broader strategy to dispose of non-core assets [1]. - The transaction involves a 65% stake in EABL and includes the Kenyan spirits business, UDVK [1]. - The move is intended to strengthen Diageo's balance sheet and support its de-levering efforts [1].

Saudi Aramco is considering plans to raise billions of dollars by selling a range of assets, deals that could rank as its most significant disposals ever https://t.co/MFdsrvmRoF ...

Financial Performance & Disposals - CSI made sales of approximately HK$1.55 billion and had unrecognized contracted sales commitments of approximately HK$1.22 billion for FY2025 [9] - Key disposals were completed in FY2025, including car parking spaces in Tuen Mun, units at Broadway Center (CSI-60%) in Macau, and units at Dukes Place (CSI-60%) in Jardine's Lookout [10] - Pre-sales achieved up to June 2025 are expected to generate approximately HK$2.57 billion in future bookings [10] - Gross revenue from property business decreased to HK$521 million in FY25 from HK$1,579 million in FY24 [11] - The company reported a loss attributable to equity holders of HK$1.692 billion in FY25, primarily due to adverse changes in the fair value of JV properties [11] Balance Sheet & Debt Management - Total assets decreased from HK$26.238 billion in FY24 to HK$22.325 billion in FY25 [12] - Bank loans decreased from approximately HK$7.9 billion in FY24 to approximately HK$6.9 billion in FY25 [17] - The company successfully refinanced a US$296 million bond due in July 2025 with a new US$150 million bond issue at 10.5% [21] - A strategic rights issue closed in April 2025 brought in approximately HK$1.49 billion, and a private bond issued to Gaw Capital added approximately HK$500 million to enhance cash liquidity [12] Strategic Initiatives - A strategic funding and partnership proposal was announced, including a rights issue (approximately HK$1.5 billion) and bond issuance (HK$500 million), with Gaw Capital becoming a long-term strategic investor [24] - The company commits to a sale target of at least HK$9 billion in sales in the next 4 years [24, 38] - The company has a robust pipeline of quality assets to support the HK$9 billion+ active asset disposal program, with over HK$2.57 billion in pre-sales achieved up to June 2025 [38, 40]

Company Strategy - Land Securities plans to dispose of £2 billion worth of office assets [1] - Land Securities intends to redeploy funds into retail and housing [1] Asset Disposal - Land Securities has appointed agents to sell a prime office in London's Victoria [1]