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He may well divest assets if a court orders him to.
It is not even clear if he, or CADE, Brazil's competition authority, has the power to make Petrobras divest assets.
Reinstating Glass-Steagall would force the "too big to fail" banks to divest assets, something Dodd-Frank does not address.
After being pummeled by the credit crisis, many companies from these industries will need to restructure their businesses, pursue consolidation, divest assets or simply play catch-up.
The sale resulted from a European Commission ruling that R.B.S. divest assets to address competition issues raised by its bailout during the financial crisis.
It also furthers the strategic ambitions of Marjorie Scardino, the chief executive, who has moved to divest assets unrelated to the company's core publishing business.
Similar(30)
The effort comes as companies in more developed markets are pulling back or divesting assets.
The Spanish bank has been divesting assets for several months, including its Mexican arm.
Wessanen, which has been divesting assets in North America, is trying to expand in Europe, analysts say.
But many of the big players out there are busy swallowing each other and divesting assets.
Under pressure to deleverage, HNA has been divesting assets, including real estate as well as stakes in Deutsche Bank and Hilton Worldwide Holdings.
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