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HVB has spun off its commercial real-estate arm, sold €8.9 billion of risk-weighted assets in its loan portfolio and a quarter of Bank Austria, its subsidiary across the border, and this week raised €3 billion of capital to offset last year's €2.1 billion loss.Dresdner Bank hived off its bad loans last year into an Institutional Restructuring Unit (IRU).
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With subsidiaries across Africa, Barclays is widely admired for its AIDS plans, of which Zambia's was the first.
Our estimation sample is from the Bureau Van Djik's Orbis database and consists of 931,018 corporate groups with 1,236,169 subsidiaries across sixteen countries over the period 2002-2014.
The EMI labels up for sale include Parlophone, with acts like Coldplay and Gorillaz, along with EMI's extensive classical catalog and other labels and subsidiaries across Europe.
ActionAid looked at the accounts of a sample of eight SABMiller subsidiaries across five African countries – Ghana, Mozambique, Tanzania, South Africa and Zambia – and in India.
By the late 1990's, the parent had a dozen such subsidiaries across the country, and those in the group, Mr. Rhulen said, are also financially troubled because of the flagship's travails.
The company said that a number of subsidiaries across Europe would file for protection in their local jurisdictions, with the exception of KPNQwest Portugal Telecomunicações and KPNQwest Italy, among others.
The divestments include a number of EMI's most prominent labels in Europe, like Parlophone, as well as classical and jazz catalogs, several of the independent labels that EMI has bought over the years, and various national subsidiaries across the Continent.
The financial landscape of Europe is changing as banks shift employees and hundreds of billions of dollars' worth of assets from London to new subsidiaries across the bloc in time for Britain's divorce from the European Union, a process known as Brexit, on March 29.
The Parlophone group consists of EMI's Parlophone, Chrysalis and other labels, along with EMI subsidiary companies across Europe.
The catalog that Warner bought, known as the Parlophone Label Group, includes two of EMI's flagship labels, Parlophone and EMI Records; the EMI and Virgin classical catalogs; several formerly independent record companies; and a number of subsidiary companies across Europe.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com