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Tag: divest
Nestle in advanced talks to divest frozen food unit
2015-04-15 01:00:00| Food Processing Technology
Sources reveal Nestle has been engaged in advanced level discussions regarding the divestment of its frozen food unit Davigel to Brakes Group, owned by Bain Capital, a buyout fund.
Tags: advanced
food
unit
talks
Universities should keep leading Australia's push to divest from fossil fuels
2015-04-09 09:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: In the UK, Archbishop Desmond Tutu has demanded that his alma mater Kings College London sell off its fossil fuel shares and Oxfords former finance director threw his weight behind calls for divestment by helping to take over a university administration building. In the US, Harvard alumni including Star Wars actress Natalie Portman have backed student calls for civil disobedience later this month. At historic Swarthmore College near Philadelphia, 44 students have been occupying the presidents...
Tags: leading
push
universities
fossil
Apache to divest Australian energy business for $2.1bn
2015-04-09 01:00:00| Hydrocarbons Technology
A consortium of private equity funds managed by Macquarie Capital Group and Brookfield Asset Management has signed an agreement with US oil and gas company Apache to acquire Australian subsidiary Apache Energy for $2.1bn.
Tags: business
energy
australian
apache
Top academics ask world's universities divest from fossil fuels
2015-04-07 17:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: It is both unethical and untenable for universities around the world to continue to invest in fossil fuel companies whose plans to prospect for more oil, coal and gas endanger future global prosperity, according to an influential group of academics. That statement from, Academics Stand Against Poverty (Asap) a global group of about 2,000 researchers who study poverty and development urges universities to follow the lead of institutions like Stanford, Syracuse and Glasgow that have all committed...
Tags: top
universities
worlds
academics
Dow Divest Chlorine Business For $5 Billion
2015-03-30 22:10:25| Chemicals - Topix.net
In a move that market watchers are calling "highly complementary to the strategic objectives of both companies" The Dow Chemical Company has split its chlor-alkali and derivatives business from other petrochemicals, and merged chlorine operations with Olin Corporation in a deal worth $5 billion. Through a tax-efficient Reverse Morris transaction, the two have created a company that could be the industry leader in chlor-alkali operations, tentatively valued at $7 billion.
Tags: business
billion
dow
chlorine
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