divestment News

BP Strikes Deal with Catom: Sells Dutch Retail and EV Charging Business to Focus on Core Operations

BP plc sells its Dutch retail and EV charging operations to Catom, including 300 fuel stations and 15 EV charging hubs, as part of a $20 billion divestment plan to focus on core op...

Indian Government Announces Strategic Sale of 4.83% Stake in Mazagon Dock at Rs 2,525 Per Share

The Indian government is selling up to 4.83% stake in Mazagon Dock Shipbuilders at Rs 2,525 per share, aiming to raise around Rs 5,000 crore. The OFS opens for institutional invest...

Swedish Insurance Giant Folksam Group Cuts Ties With Tesla Over Union Rights Dispute

Folksam Group, a Swedish insurance leader, has sold its Tesla shares due to disagreements over Tesla's handling of employee union rights, marking a significant stance on corporate ...

TikTok Faces U.S. Ban Deadline: Supreme Court Appeal Rejected

TikTok and ByteDance's request for more time to challenge a U.S. law mandating divestment by January 19 was rejected by the appeals court. The decision sets the stage for a Supreme...