Divestment in the context of "Suez (company, 1997–2008)"

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⭐ Core Definition: Divestment

In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is an adaptive change and adjustment of a company's ownership and business portfolio made to confront with internal and external changes.

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Divestment in the context of Suez-Lyonnaise des eaux

Suez S.A., known from 1997 to 2001 as Suez-Lyonnaise des eaux, was a leading French multinational corporation headquartered in the 8th arrondissement of Paris, with operations primarily in water, electricity and natural gas supply, and waste management. Suez was the result of a 1997 merger between the Compagnie de Suez and Lyonnaise des Eaux [fr], a leading French water company. In the early 2000s Suez also owned some media and telecommunications assets, but later divested them. According to the Masons Water Yearbook 2004/5, Suez served 117.4 million people around the world. The company conducted a merger of equals with fellow utility company Gaz de France on 22 July 2008 to form GDF Suez (called Engie since 2015). The water and waste assets of Suez were spun off into a separate publicly traded company, Suez Environnement.

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Divestment in the context of List of mergers and acquisitions by Microsoft

Microsoft is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions. Established on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800, Microsoft rose to dominate the home computer operating system market with MS-DOS in the mid-1980s, followed by the Microsoft Windows line of operating systems. Microsoft would also come to dominate the office suite market with Microsoft Office. The company has diversified in recent years into the video game industry with the Xbox, the Xbox 360, the Xbox One, and the Xbox Series X/S as well as into the consumer electronics and digital services market with Zune, MSN and the Windows Phone OS.

The company's initial public offering was held on March 14, 1986. The stock, which eventually closed at $27.75 a share, peaked at $29.25 a share shortly after the market opened for trading. After the offering, Microsoft had a market capitalization of $519.777 million. Microsoft has subsequently acquired over 225 companies, purchased stakes in 64 companies, and made 25 divestments. Of the companies that Microsoft has acquired, 107 were based in the United States. Microsoft has not released financial details for most of these mergers and acquisitions.

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Divestment in the context of CN Tower

The CN Tower (French: Tour CN) is a 553.3 m-high (1,815.3 ft) communications and observation tower in Toronto, Ontario, Canada. Completed in 1976, it is located in downtown Toronto, built on the former Railway Lands. Its name "CN" refers to Canadian National, the railway company that built the tower. Following the railway's decision to divest non-core freight railway assets prior to the company's privatization in 1995, it transferred the tower to the Canada Lands Company, a federal Crown corporation responsible for the government's real estate portfolio.

The CN Tower held the record for the world's tallest free-standing structure for 32 years, from 1975 until 2007, when it was surpassed by the Burj Khalifa, and was the world's tallest tower until 2009 when it was surpassed by the Canton Tower. It is currently the tenth-tallest free-standing structure in the world and remains the tallest free-standing structure on land in the Western Hemisphere. In 1995, the CN Tower was declared one of the modern Seven Wonders of the World by the American Society of Civil Engineers. It also belongs to the World Federation of Great Towers.

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