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Carlos Costa, the governor of the Bank of Portugal, said that banks had a "very big" pool of assets that could be divested to strengthen their balance sheets.
Chinalco's move was seen as an effort to fend off BHP or to position itself to pick up valuable pieces that might be divested to meet regulatory demands.
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Some 75% of the 251 properties acquired have been divested to traditional owners.
According to both Kamphefner and former Cooney assistant Robert Blaine, Cooney was unhappy with the performance of the Army's prime parts supplier a unit of McDonnell Douglas then being divested to Dutch investors.
Some Vivendi units must be divested not only to raise money but to bring the company's mix of media and utility divisions into some kind of harmony.
Watson wants to do the same; he wants Murdoch to be divested of his company.
This product falls out from the competition and it is moved to a Question Mark and, finally, it may have to be divested because of its low market share and low growth rate.
But, even so, Vickers does not put a number on the extra branches to be divested.
The first deal was forced: ING Direct had to be divested under the terms of its Dutch parent's bail-out.
The company's Verestar unit, to be divested this year, was also designated as discontinued operations starting in the fourth quarter.
Pfizer and Pharmacia said that they had signed agreements with buyers for all assets to be divested.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com