From Bloomberg, Jul 28, 2015
Big oil companies are trying to spin off assets to generate cash and rebalance their Balance Sheets.
South Africa’s government wants to sell off assets to generate funding for its troubled monopoly power company
What happens when buyers are in no rush to do a deal?
More about this can be found on Bloomberg as oil giant BP Plc’s second-quarter profit were reported this morning and it missed analyst estimates. Part of its strategy is to sell off assets. Finding buyers at the right price seems to be difficult! That could mess up a lot of strategic plans.
To read the entire article, go to http://bloom.bg/1IqsaLB