Sentence examples for equity divestment from inspiring English sources
The vice minister of mines and energy, Widjajono Partowidagdo, insists that Freeport must be flexible on buying local content and equity divestment.
But the divestment of its equity prime brokerage, which it put up for sale in January, is probably the death knell for its institutional equities business.
The move comes as banks are facing regulatory pressure to reduce their exposure to risky businesses, but the divestment of One Equity, which manages $4.5 billion of the bank's money, was not in response to that, according to a person briefed on the matter.
"The move comes as banks are facing regulatory pressure to reduce their exposure to risky businesses, but the divestment of One Equity, which manages $4.5 billion of the bank's money, was not in response to that, according to a person briefed on the matter," DealBook's Peter Lattman reports.
But thanks to earnings growth and the divestment of its private-equity portfolio, its ability to take risks has grown much faster than its actual risk exposure.
The divestment will involve offloading €200m worth of equities.
Similarly, although much hand-wringing occurred when the credit crunch shut down the flow of leveraged finance that was a mainstay of private equity buyouts for two decades, many funds continued to engage in successful investments and divestments as buying opportunities presented themselves in the economic wreckage that ensued.
Anticipatory divestment in recognition that at some unknown and unknowable point down the road, markets will suddenly adjust the equity price of fossil fuel company shares downward to reflect the swiftly changing future prospects of those companies, however wise today, is probably not yet compelled in the exercise of prudence.
