Divestiture News

HOUSTON--(BUSINESS WIRE)--Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment is inclusive of Woodside’s interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities and the onshore terminal. The transaction provides near-term cash flow to support ongoing investments and shareholder distributions and builds on the Australian asset swap announced in Dec...

LONDON--(BUSINESS WIRE)--Regulatory News: MotorK PLC (AMS: MTRK) ("MotorK", the "Group" or the "Company"), a leading SaaS provider to the automotive retail industry in the EMEA region, announced today the sale of its remaining 20% stake in Auto XY SpA to GEDI Digital Srl for a total consideration of €3.5 million. This transaction marks the final step in the divestment of the DriveK business unit, initiated in December 2022. With its completion, MotorK has successfully finalised its strategic re...

IRVINE, Calif.--(BUSINESS WIRE)--Rivian (NASDAQ: RIVN) today announced it has spun out its micromobility business into a new company: Also, Inc. Also will focus on small, lightweight vehicles that are designed to meet the global mobility transportation challenges of today and tomorrow. Recognizing the massive need for small electric form factors in enabling the sustainable transition of our global transportation system, Rivian started a stealth program focused on micromobility several years ago...

CHESAPEAKE, Va.--(BUSINESS WIRE)--Dollar Tree, Inc. (NASDAQ: DLTR) today announced that the Company has reached an agreement under which Brigade Capital Management, LP (“Brigade”) and Macellum Capital Management, LLC (“Macellum”) will partner to acquire the Company’s Family Dollar business segment. Family Dollar will remain headquartered in Chesapeake, Virginia. The purchase price for Family Dollar, under the terms of the agreement, is $1,007.0 million, subject to customary closing adjustments....

PASADENA, Calif.--(BUSINESS WIRE)--ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced that demand for the company’s historically recession-resilient debt-free offerings has driven the full subscription of Net-Leased All-Cash 9 DST. The $24.78 million portfolio of net-leased real estate, backed by primarily investment-grade companies operating in necessity retail, provides investors with monthly distributions at a current rate...

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--OpenBet, a world leader in betting and gaming entertainment, today announced the completion of its sale by Endeavor Group Holdings, Inc. (“Endeavor”) (NYSE: EDR) to OB Global Holdings LLC (“OB Global”) in a management buyout backed by Ariel Emanuel with participation from OpenBet executives, including Jordan Levin, who continues to lead the business as CEO. Levin said: “As this new chapter begins, OpenBet is better positioned than ever to drive market exp...

NEW YORK--(BUSINESS WIRE)--Coty Inc. (Coty Inc. (NYSE: COTY) (Paris: COTY) ("Coty" or "the Company") today announced the conclusion of its partnership with Kim Kardashian and the SKKN by Kim (“SKKN”) brand, with the closing of the sale of its 20% stake in the brand to SKIMS. Following the transaction, SKIMS will be uniting the beauty and lifestyle ventures under one brand. Anna von Bayern, CEO of Kylie Cosmetics and leader of Kim Kardashian’s beauty business at Coty, says: “Since Coty’s establi...

HOUSTON--(BUSINESS WIRE)--NGPL PipeCo LLC (PipeCo) today announced that Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) has agreed to sell entities that hold its entire 25.0% minority interest in NGPL Holdings LLC (NGPL Holdings), PipeCo’s indirect parent company, to one or more funds controlled by ArcLight Capital Partners, LLC (ArcLight). Upon closing, ArcLight funds will hold a 62.5% interest in NGPL Holdings. Kinder Morgan, Inc. (NYSE: KMI) continues to operate PipeCo’s pip...

BELLEVUE, Wash.--(BUSINESS WIRE)--T-Mobile (NASDAQ: TMUS) today announced it has reached an agreement in principle to divest the company’s 800 MHz spectrum portfolio to purchaser Grain Management, LLC, a leading private investment firm focused on digital infrastructure and solutions to the global broadband industry. In partnership with energy and infrastructure experts from Black & Veatch, Grain is planning to market the 800 MHz spectrum portfolio to utilities, other critical infrastructure...

NEEDHAM, Mass.--(BUSINESS WIRE)--International Data Group announced the completion of the sale of Foundry to Regent, a global private equity firm....