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How can multinational companies turn ideas from their emerging-market subsidiaries into global products?
Under the terms of the agreement, Santander will reorganize the unit's 11 subsidiaries into a new holding company, with the private equity firms claiming half.
If it knocks together its local subsidiaries into 10 or 12 big, "super-regional" operators, it could create economies of scale in procurement and in management.
Once Sony and Bertelsmann fused their record subsidiaries into Sony BMG, the merged entity had an average 20-25% share in national markets.
As a result of those discussions, Elan will consolidate two of the subsidiaries into its accounts, and will restate its results for the last two years.
The Russian state oil company Rosneft approved a plan on Tuesday to streamline its many subsidiaries into a single company centered on assets it acquired from Yukos.
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The controversy stems from a transaction in September, two months before Dynegy put its Dynegy Holdings subsidiary into bankruptcy.
Last year, Tyumen pushed Sidanko's subsidiary into bankruptcy and bought it at a bargain price over BP Amoco's objections.
On Monday, the company said that it would turn its auto parts subsidiary into a separate company next year.
The Treasury, Mr. Osborne said, would look in particular at putting the bank's British commercial real estate holdings and its Ulster Bank subsidiary into the "bad bank".
Late last month, Virgin Mobile opened kiosks inside malls, and it converted some stores that were previously for Boost Mobile, another Sprint subsidiary, into Virgin Mobile retail outlets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com