Divestment
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Orange: Orange enters into exclusive negotiations with Verdoso with a view to a possible divestment of Globecast
Globenewswire· 2026-03-25 07:00
Press releaseParis, 25 March 2026 Orange enters into exclusive negotiations with Verdoso with a view to a possible divestment of Globecast Orange and the investment fund Verdoso announce that they have signed an exclusivity agreement with a view to a potential sale of Globecast. Globecast is Orange’s media services business, which currently supports thousands of customers – TV channels, rights holders and platform operators – in distributing and broadcasting their audiovisual content worldwide. The company ...
Shell Sells Jiffy Lube and Premium Velocity Auto in $1.3B Deal
Yahoo Finance· 2026-03-15 04:13
Shell plc (NYSE:SHEL) is included among the 12 Best Large Cap Energy Stocks to Buy Now. Shell Sells Jiffy Lube and Premium Velocity Auto in $1.3B Deal Shell plc (NYSE:SHEL) is an integrated energy company with operations spanning exploration, production, refining, marketing, and chemical manufacturing, alongside growing investments in biofuels and hydrogen. Shell plc (NYSE:SHEL) announced on March 9 that it had agreed to sell Jiffy Lube International and its subsidiary Premium Velocity Auto (PVA) to an ...
[Press Release] Sale of 80% of Ipsos Comcon LLC - Ipsos' subsidiary in Russia
Globenewswire· 2026-02-27 17:47
Sale of 80% of Ipsos Comcon LLCIpsos’ subsidiary in Russia Paris, February 27, 2026 – Ipsos SA' Board of Directors announces the Closing of the sale of 80% of Ipsos Comcon LLC, its wholly owned subsidiary in Russia to Direct Investments JSC. Ipsos ComCon LLC serves 500+ clients through the talents of its 600 employees and occupies a leading market research position in Russia. Its revenues represented approximately 2% of Ipsos’ global revenues in 2025. Direct Investments JSC is a Russian company owned b ...
Telefónica Swallows the Pain to Reset the Story
Yahoo Finance· 2026-02-24 19:49
Core Insights - Telefónica reported its largest annual loss in over two decades, with a net loss of €4.32 billion (approximately $5 billion) for 2025, and a significant fourth-quarter loss of €3.24 billion [3][4]. Financial Performance - The losses were primarily due to restructuring charges of about €2.18 billion, asset impairments, and accounting impacts from divestments in Latin America [4]. - Despite the headline loss, the operating performance showed improvement, with fourth-quarter revenue rising to €9.17 billion and adjusted EBITDA increasing to €3.20 billion, resulting in a margin of 34.9% [6]. - For the full year, adjusted EBITDA grew by 2% in constant currency terms [6]. Regional Performance - Spain experienced its strongest performance in years, achieving revenue growth for the first time since 2008 [7]. - Brazil continued to show growth in local currency, with revenue and EBITDA growth exceeding inflation [7]. - Germany faced revenue pressure, while Virgin Media O2 in the UK remained loss-making [7]. Cash Flow and Debt - Free cash flow from continuing operations reached €2.07 billion for 2025, and net financial debt decreased to €26.8 billion [8]. - The board declared a flat dividend of €0.30 per share [8]. Future Guidance - For 2026, Telefónica anticipates revenue and adjusted EBITDA growth of 1.5% to 2.5%, along with free cash flow of around €3 billion [9]. Industry Context - European telecom companies are navigating a challenging landscape, balancing the need for investment in new technologies like fiber, 5G, and AI-driven networks against legacy cost structures and competitive pressures [10].
Citi completes Russian exit by selling unit to Renaissance Capital
Yahoo Finance· 2026-02-19 11:22
Core Viewpoint - Citi has completed the sale of its former Russian subsidiary, AO Citibank, to Renaissance Capital, marking its full withdrawal from Russia [1][2] Group 1: Transaction Details - The agreement encompasses all remaining business activities in Russia and impacts approximately 800 employees [1] - The sale has received all necessary regulatory approvals, including sign-off from President Vladimir Putin in November 2022 and internal approval from Citi in December 2022 [1][2] - This divestment is expected to contribute around $4 billion to Citi's common equity tier 1 (CET1) capital in the first quarter of 2026 [2] Group 2: Financial Implications - The projection of $4 billion addition to CET1 capital is based on factors such as reduced risk-weighted assets, lower deferred tax assets, and the release of losses related to currency translation [2][3] - A realized currency translation adjustment loss of $1.6 billion is considered neutral for Citi's regulatory capital over time [3] Group 3: Context and Industry Impact - Citi's exit from the Russian market began in April 2021, with a broader exit strategy announced in March 2022 [2] - Other foreign banks, such as Italy's UniCredit, are also adjusting their operations in Russia, indicating a trend among international financial institutions [4][5]
X @Wu Blockchain
Wu Blockchain· 2026-02-18 12:15
SEC filings show that PayPal co-founder Peter Thiel and his Founders Fund entities fully divested their ETHZilla Corporation common shares by the end of 2025, reducing their stake to 0%. The Schedule 13G filings state they are not acting in concert and do not intend to influence company control. Thiel’s team had previously held a 7.5% stake. https://t.co/HXKU3EhnGh ...
Aspo Plc’s Financial Statements Release, January 1 – December 31, 2025: A year with significant profit improvement in a challenging market
Globenewswire· 2026-02-16 07:00
Core Insights - Aspo Plc reported significant profit improvement in 2025 despite challenging market conditions, with a notable increase in comparable EBITA and net sales [1][12] Financial Performance - For the full year 2025, net sales increased to EUR 616.3 million from EUR 592.6 million, representing a growth of 4.0% [20] - Comparable EBITA for the year grew to EUR 36.5 million, up from EUR 29.1 million, with a margin of 5.9% compared to 4.9% in 2024 [20] - The Group's total EBITA was EUR 43.1 million, significantly higher than EUR 21.2 million in 2024 [20] - Free cash flow improved to EUR 26.5 million from a negative EUR 36.1 million in the previous year [20] Segment Performance - ESL Shipping's comparable EBITA was EUR 16.5 million, slightly down from EUR 16.9 million, impacted by weak market conditions [20][13] - Telko's comparable EBITA increased to EUR 17.9 million from EUR 12.6 million, driven by higher sales margins [20][14] - Discontinued operations, including Leipurin, reported a comparable EBITA of EUR 2.0 million, up from EUR 1.1 million [20][16] Strategic Developments - Aspo announced a strategic evaluation, considering divestment of ESL Shipping or a partial demerger [4][18] - The divestment of Leipurin was agreed upon with an enterprise value of EUR 63 million, expected to be completed in Q1 2026 [10][15] - The International Science Based Targets initiative approved Aspo's emissions reduction targets, focusing on fleet investments and renewable fuels [17] Guidance for 2026 - The company expects comparable EBITA from continuing operations to increase compared to EUR 29.4 million in 2025 [6] - Economic growth is anticipated to slowly revive, although challenges remain in the early part of the year due to geopolitical uncertainties [7] - ESL Shipping is expected to see slight demand improvement, while Telko aims for growth through acquisitions [8]
X @Nick Szabo
Nick Szabo· 2026-02-13 01:52
RT The Cradle (@TheCradleMedia)Florida gubernatorial candidate says he won’t 'kiss the stupid wall,' vows to boycott Israel, divest state funds, and halt Israel bonds investment——During a campaign speech at the University of Central Florida on 5 February 2026, Republican gubernatorial candidate James Fishback declared he would not visit Israel under any circumstances, nor "kiss the stupid wall," in reference to the tradition of US politicians visiting the Western Wall. He called it a “career loyalty test,” ...
Yum! Brands: The 'Taco Bell-ification' Of KFC (Rating Downgrade) (NYSE:YUM)
Seeking Alpha· 2026-02-10 00:05
Core Insights - The article discusses the potential divestment of Pizza Hut, which is characterized as the "ugly duckling" of the restaurant industry [1] Group 1: Company Overview - The author is an equity analyst and founder of Goulart's Restaurant Stocks, focusing on the U.S. restaurant industry, including various segments from quick-service to fine dining [1] - The research firm applies advanced financial modeling and sector-specific KPIs to uncover hidden value in public equities, particularly in micro and small-cap companies [1] Group 2: Research Focus - The analyst covers a range of sectors including consumer discretionary, food & beverage, casinos & gaming, and IPOs, with a particular emphasis on often-overlooked small-cap stocks [1] - The author's research has been featured on multiple platforms such as Seeking Alpha, Yahoo Finance, and Investing.com, indicating a broad reach and influence in the industry [1] Group 3: Analyst Background - The author possesses an MBA in Controllership and Accounting Forensics, along with a Bachelor's in Business Administration, providing a strong academic foundation for the analysis [1] - Specialized training in valuation, financial modeling, and restaurant operations enhances the author's expertise in the field [1]
Yum! Brands: The 'Taco Bell-ification' Of KFC (Rating Downgrade)
Seeking Alpha· 2026-02-10 00:05
Core Insights - The article discusses the potential divestment of Pizza Hut, which is characterized as the "ugly duckling" of the restaurant industry [1] Group 1: Company Overview - The author is an equity analyst and founder of Goulart's Restaurant Stocks, focusing on the U.S. restaurant industry, including various segments from quick-service to fine dining [1] - The research firm applies advanced financial modeling and sector-specific KPIs to uncover hidden value in public equities, particularly in micro and small-cap companies [1] Group 2: Research Focus - The analyst covers a range of sectors including consumer discretionary, food & beverage, casinos & gaming, and IPOs, with a particular emphasis on often-overlooked small-cap stocks [1] - The author's research has been featured on multiple platforms such as Seeking Alpha, Yahoo Finance, and Investing.com, indicating a broad reach and influence in the investment community [1] Group 3: Analyst Background - The author possesses an MBA in Controllership and Accounting Forensics, along with a Bachelor's in Business Administration, providing a strong academic foundation for the analysis [1] - Specialized training in valuation, financial modeling, and restaurant operations enhances the author's expertise in the restaurant sector [1]