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The bank is the latest American financial institution to unload a stake in the Indian housing firm.
Local partners are often unwilling to sell, and undeveloped or non-existent local stockmarkets make it hard to unload a stake by means of a listing.The private-equity managers who have done well so far have had to put boots on the ground and exercise more care and patience than is typical in their industry.
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Oleg Deripaska, the aluminium king who is the richest of all, has had to unload a big stake in a Canadian car-parts firm after failing to meet a margin call.So far, ordinary Russians have been less bruised.
Incheon International Airport, which is wholly owned by the government, hopes to bring in about 1 trillion won this year as part of the state's plan to unload a 15 percent stake.
General Motors decision last year to unload a 51% stake in GMAC, its financing arm, appears to be exceedingly well-timed.
The German-American automaker unloaded a majority stake in its Chrysler Group on Monday to Cerberus Capital Management.
We unload a dozen towering planks.
If Nordine can't unload a house fast enough, the banks unload him.
UBS was the first foreign investor to unload its stake in a major Chinese bank, selling off all its holdings, worth about $900 million, in Bank of China on New Year's Eve.
WALL STREET JOURNAL Temasek Acts Like a Hedge Fund in C.B.C. Deal | Reports that Temasek Holdings was one of the buyers of the China Construction Bank stake sold by Bank of America surprised some industry observers, given that the state investor had unloaded a portion of its own stake in the Chinese lender about a month ago.
Though the public offering would offer the vulture fund a chance to unload its Huntsman stake at a huge profit, it will not be cashing in its shares just yet.
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CEO of Professional Science Editing for Scientists @ prosciediting.com