Entries tagged "divestment"
Wachovia Corp. is paying the price for the purchase of real estate lender Golden West Corp. in 2006, which held a porfolio of subprime mortgages and other real estate holdings. The Charlotte, N.C.- based bank is trying to recoup some of the loses through the sale of one-tenth of the land and construction loans it inherited. ...
Brinker International Inc. wants Romano's Macaroni Grill off its menu. The owner of casual dining restaurants sold its majority share of the Italian eatery to MacAcquisition LLC for $131.5 million in cash on Aug. 18. Brinker will still retain a 19.9% interest in Macaroni Grill. For Fitch Ratings, the sale had no impact on Brinker's debt ratings. Fitch maintains a BBB- rating and negative outlook on Brinker....
The $1.5 billion price tag finally leaked in ABN Amro Bank's sale of its private equity assets to a consortium led by Goldman Sachs Group Inc. ...
There are a couple of updates on last week's speculation that Citigroup Inc. may sell its German retail operations unit, Citibank Deutschland, within the next few months. ...
