In August 1989 the company said it wanted to sell assets to reduce debt.

Between 1990 and 1992, the company suffered substantial losses, and its assets reduced to below the minimum level for solvency.

That gain reflects progress in selling some assets to reduce debt and in improving operations.

Even so, he continued, Vivendi would still need to sell assets to reduce its debt.

Removing toxic assets would also reduce the volatility of banks' stock prices.

Mr. Murdoch said he would sell assets to reduce the debt by at least $1 billion.

Mr. Maxwell had already been scrambling to sell assets to reduce debt.

British Telecom has been trying to sell assets to reduce some £30 billion in debt used to finance the development of new services.

We can even take charge of your entire logistics function, so you can redeploy assets, gain flexibility, reduce risk.

Selling loans and other assets reduces the size of a bank but increases its capital.