Divestiture News

BETHESDA, Md.--(BUSINESS WIRE)--First Washington Realty (“FWR”), a vertically integrated, institutional real estate investment firm focused on high-quality grocery-anchored and necessity-based shopping centers, today announced the sale of two fully leased, Publix-anchored shopping centers – Airpark Plaza and The Shoppes at Quail Roost – to Publix Super Markets, Inc (“Publix”). Both shopping centers are in Miami, Florida. Airpark Plaza is a 171,443-square-foot shopping center located near Miami...

HOUSTON--(BUSINESS WIRE)--HESS MIDSTREAM LP ANNOUNCES TRANSFORMATIVE TRANSACTION LEADING TO NEW INDEPENDENT MULTI-BASIN MIDSTREAM COMPANY...

HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that several of its subsidiaries have entered into a series of definitive agreements with Hess Midstream LP (NYSE: HESM) to restructure the terms of its Bakken midstream contracts and establish new DJ Basin midstream contracts. The revised agreements extend the Bakken contracts and are expected to reduce Chevron's Bakken unit midstream costs by approximately 50%, enhancing future earnings and return on capital employed. I...

CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships, including but not limited to, Waterous Energy Fund (US) LP ("Fund I US LP", and together with Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (International) LP and Waterous Energy Fund II Aggregator LP and certain other entities managed by the WEF Manager, the "WEF Funds"), today announced that Fund I US LP has completed a share pass...

FORT WORTH, Texas--(BUSINESS WIRE)--Brazos Midstream (“Brazos”) today announced the closing of the previously announced sale of its Midland Basin natural gas gathering and processing assets to ONEOK, Inc. (NYSE: OKE) for $4.425 billion. Over the last four years, Brazos has significantly expanded its Midland Basin operations, building one of the region’s premier natural gas gathering and processing platforms. Supported by long-term relationships with leading producers, the system includes approx...

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy (NASDAQ: XEL), SEMCO ENERGY Gas Company (SEMCO) and Upper Peninsula Power Company (UPPCO) today announced the sale of Xcel Energy’s Michigan natural gas operations to SEMCO and electric operations to UPPCO.If approved by regulators, Xcel Energy’s 6,000 natural gas customers will be served by SEMCO, and 9,000 electric customers will be served by UPPCO. Together, these customers in Gogebic and Ontonagon counties will transition to providers with deep local...

NEW YORK--(BUSINESS WIRE)--Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better,” the “Company,” “we,” our” or “us”) today announced progress toward the proposed sale of its wholly owned subsidiary, Birmingham Bank Limited (“Birmingham Bank”), to a buyer consortium. The buyer consortium has escrowed £10 million related to the transaction. The transaction remains subject to regulatory approval and definitive documentation, as well as satisfaction of customary closing conditio...

IRVING, Texas--(BUSINESS WIRE)--Darling Ingredients Inc. (NYSE: DAR) closed on the sale of its CTH branded sausage casing business to SARIA for an undisclosed amount.“The sale of CTH illustrates our continued commitment to optimizing our portfolio and positioning Darling Ingredients for continued growth,” said Randall C. Stuewe, Chairman and Chief Executive Officer. “We are committed to channeling our efforts toward segments with strong integration and long-term value creation potential, while u...

BOGOTA, Colombia--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or the “Company”) today announced an agreement to sell income-producing facilities located within Parque Logístico Calle 80 (“Calle 80”) in Bogotá, Colombia, to Bancolombia S.A. (“Bancolombia”), a major regional financial institution and a subsidiary of Grupo Cibest S.A. (NYSE: CIB), for COP 500 billion (approximately US$152 million, based on an exchange rate of COP...

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Completes Sale of Canadian Retail Insurance Operations to Wawanesa...