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British Telecom also said it would focus on businesses in Western Europe and Japan, while reducing stakes in holdings elsewhere in Asia.
The government is now promising a more dynamic investment policy, reducing stakes in established companies so as to finance firms of the future.
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But she is expected to resist calls to drastically reduce stakes on so-called Fixed-Odds Betting Terminals (FOBT).
The DCMS has promised to review the outcome of the Responsible Gambling Trust probe in September, when it could take action to reduce stakes and prizes without passing primary legislation.
But campaigners say the only way to limit the potential harm is to dramatically reduce stakes and prizes - and that there is no place for high-stakes Las Vegas-style games in easily accessible High Street venues.
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Trading in Finova's shares was halted at 95 cents before the announcement of the plan, which will leave current shareholders with a significantly reduced stake.
Limiting harm means limiting losses, so reducing the stakes on addictive products like fixed odds betting terminals is crucial".
Statoil is reducing its stakes in the Gudrun and Gullfaks oil fields in Norwegian waters, to 51 percent each.
The first sale of the government's 79% stake took place this week, reducing the stake to below 73% but securing a £1bn loss on the shares sold.
Spanish transport company Ferrovial, which borrowed heavily to buy BAA in 2006, has been selling off stakes in the UK operator, reducing its stake to 40%.
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