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Mr Osborne will extend this pension freedom, removing restrictions on buying and selling existing annuities.
In other words: the company gets really good at selling existing things not making new ones.
Vivendi Universal said it planned to raise 3.3 billion euros ($3 billion) by selling existing shares.
However, about 40% of the funding will come from selling existing council homes.
Highfields wants control of Reader's Digest to change the company's strategy from making acquisitions to growing or selling existing businesses.
Because the company is issuing fresh equity rather than selling existing shares to Etihad, there are no capital gains tax implications, experts say.
Similar(41)
Right now, for Chip to offer such a product — which it has begun beta testing, regardless — the startup has to effectively re-sell existing financial products that already exist wholesale.
Controlling shareholders, including Mr. Krishnan, sold existing shares worth 3.13 billion ringgit.
The firm benefited from its ability to both buy new companies and, perhaps more important, sell existing holdings.
Its idea is to provide extra funding to state governments that sold existing assets to invest in new roads.
Applications for financing to build have declined by 10 to 20percentt, Mr. De Vito estimated, "as builders try to sell existing inventory".
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