Bayer's divestment program, aimed at shedding noncore operations, is set to continue.
In August, it was reported that RWE is hoping to raise €11bn from the divestment programme.
After receiving government support during the financial crisis, the bank embarked on a divestment programme to satisfy the requirements of the European Commission.
The $1.91 billion divestment program began in 2000, when the company sold its stake at Açominas and Companhia Siderúrgica Nacional for $10 million and $249 million, respectively.
A recurring theme in the author's work is what he refers to as the "corrupting impact" of divestment programs on the organizations that embrace them.
The sale virtually completes a divestment program undertaken to pay off some of the $1 billion debt Oryx incurred in the September buyout of its founding family.
To reduce this debt the company undertook a divestment program involving all of its copper, oil, gas, and coal interests.
The planned sale is part of the company's international divestment program.
In December 2011, Veolia announced a €5bn divestment program over 2012-2013.
After the oil spill BP announced a divestment program to sell about $38 billion worth of non-core assets by 2013 to compensate its liabilities related to the accident.