European authorities and competition regulators typically require bailed-out banks to sell non-core operations and halt dividend payouts until taxpayers have been repaid.
Citigroup has been seeking to sell non-core operations as it tries to pare down its balance sheet and recover from its longtime financial difficulties.
For the railways, ambitions are limited to "corporatising" non-core operations so they can become distinct profit centres, and the introduction of some private-sector minority participation.
He said the company planned to use chapter 11 to reduce debt, shed non-core operations and take steps to get the most value out of its technology and intellectual property.
The group said it would sell off a group of what it terms non-core operations, covering building, civil engineering, facilities services, property developments and its public and private partnerships portfolio.
The move is part of a string of disposals announced by ING since it outlined plans to sell non-core operations worth as much as €8 billion, or $11.9 billion, in a bid to raise cash and slim down its operations.
ING, one of several European banks that had to resort to government aid as the financial crisis deepened last year, has cut thousands of jobs, and in April it outlined plans to sell non-core operations worth as much as €8 billion, or $11.7 billion.
The Others segment refers mainly to non-core operations such as property holding.
This gives both suppliers and resellers the ability to outsource non-core operations directly to SNX.
Retail banking in Spain, Portugal, Italy and France will be shifted to non-core operations.
"As we said during Q2 results, Nokia is re-evaluating all non-core operations, including its real estate.
