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The company, which has divested of non-core newspaper assets such as GMG Radio – the third largest radio group in the UK which owned brands including Real and Smooth – for £70m has revealed that the sale of its majority stake in AutoTrader has secured the financial future of the newspaper portfolio for a minimum of 30 years.
But it's also been through several rocky patches over the last 10 years, including profit warnings, and it has divested of several operations — including the sale of its telecoms assets in 2007 for $525 million to Atlantic Bridge Ventures.
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In the past two years, about 35 Australian super funds have divested of tobacco, moving $1.5bn out of the industry.
If you've been following the saga of Murrumu since Guardian Australia highlighted it a year ago, you'll know this Indigenous man has renounced his Australian citizenship, having divested of the documentation – passport, Medicare card, driver's licence and much else – that entitle Australians to the rights and benefits of the commonwealth, its states and territories.
The move is one of the few times Amazon has divested itself of on of its business streams.
Since then he has divested it of many of its non-packaging-related assets.
The mystic St John of the Cross proposed that "the soul cannot be possessed of the divine union, until it has divested itself of the love of created beings".
Even today, while the city of Oslo has divested itself of coal holdings, Norway's sovereign wealth fund has increased its stake in oil and gas firms to £20bn.
"It's no surprise that there's a crisis in primary school places, because the secretary of state, Michael Gove, has divested himself of his first key responsibility, which is to provide school places for children".
In recent years, hit by the recession and accusations of abuse, Mr. Lichfield has divested ownership of the schools, which he once likened to McDonald's franchises.
Like the CPR, CN has divested itself of passenger services in favour of Via Rail Canada.
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