#asset-sales

#asset-sales

English councils plan large-scale sales of assets including social clubs, sports centres and shopping centres to raise funds amid rising social care and housing costs.

US sanctions on 21 November are accelerating potential sales, nationalisations, or seizures of Lukoil's foreign refineries and oil assets.

BP will accelerate asset sales and cost-cutting, aiming to dispose of $20bn by 2027 after reporting a $2.2bn quarterly underlying profit.

UK councils are selling public assets to address spiralling debt of £122bn, enabled by government capitalisation directions and risky borrowing practices.