Divestiture News

VANCOUVER, British Columbia--(BUSINESS WIRE)--Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) (ASX:CSC) announces today that it has entered into a definitive agreement to sell its Cozamin copper-silver-zinc-lead mine (“Cozamin”), located in Zacatecas, Mexico, to Luca Mining Corp. (“Luca”) (TSXV:LUCA) (OTCQX:LUCMF) (Frankfurt:Z68) for up to $385 million in total consideration (the “Transaction”). Unless otherwise stated, all numbers are presented in United States dollars. Under the...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today that its indirect subsidiary, New Veld, LLC, has entered into agreements to sell all of Prudential’s shares in Alexander Forbes Group Holdings Limited (Alexforbes), a company listed on the Johannesburg Stock Exchange in South Africa. Under two separate transactions, Alexforbes will repurchase approximately 372.8 million shares held by New Veld, and ARC AF Holdings (RF) Proprietary Limited will acquire New Veld...

WALNUT CREEK, Calif.--(BUSINESS WIRE)--Mechanics Bancorp (“Mechanics”) (Nasdaq: MCHB) announced today that its wholly owned subsidiary, Mechanics Bank, completed the sale to Bank of America’s trading desk of approximately $417 million of its remaining performing indirect auto loans at a price near book value, with a cutoff date of August 31, 2026. Mechanics Bank will retain approximately $13 million of runoff auto loans. Westlake Portfolio Management will continue to service the auto loans for...

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPT) today announced the sale of the real estate of Idaho Falls Community Hospital and Mountain View Hospital to affiliates of Intermountain Health, an investment grade not-for-profit health system, for $413 million (the “Transaction”), a 6.9% capitalization rate. The Transaction provides $371 million in cash proceeds to the Company with the remaining $42 million distributed to certain minority rea...

DRAPER, Utah--(BUSINESS WIRE)--Convenient Brands, Inc. (“Convenient Brands”), a provider of auto repair software and payment processing services, announced today that it has completed the sale of Convenient Payments, LLC, d/b/a IntelliPay (“IntelliPay”), a leader in omnichannel, integrated payment processing and payment management software for government agencies, educational institutions, healthcare organizations, and other merchants, to Priority Commerce. IntelliPay offers a scalable, PCI DSS...

HOUSTON--(BUSINESS WIRE)--Post Oak Energy Capital, LP (“Post Oak”) today announced that Ichthys Energy Partners, LLC (“Ichthys”) has completed the sale of a portion of its Permian Basin assets to multiple buyers. Based in Dallas, Ichthys is an upstream company pursuing inventory aggregation and development strategies across the Northern Delaware Basin. Post Oak provided an equity commitment to Ichthys in October 2024. “Ichthys’ monetization continues Post Oak’s strong track record of success an...

ARLINGTON, Va.--(BUSINESS WIRE)--Rithm Capital Corp. (“Rithm”), GreenBarn Investment Group (“GreenBarn”) and FarmViewVentures (“FarmView”) today announced the $56.25 million sale of 4075 Wilson Boulevard, a 188,014-square-foot Class A office property in Arlington’s Ballston submarket, to Piedmont Realty Trust, Inc. The sale marks the culmination of a successful repositioning strategy undertaken by Rithm, GreenBarn and FarmView since acquiring the property in September 2024. During their ownersh...

DALLAS--(BUSINESS WIRE)--Thryv Holdings enters into definitive agreement to sell its print directories business to Carolwood L.P. for $142 million all-cash transaction....

DALLAS--(BUSINESS WIRE)--Generational Group facilitates the sale of an industrial equipment reliability company, to an equipment service network and portfolio company of TJC....

SAN JOSÉ, Costa Rica--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, “LPA” or “the Company”) announced today that it has received approval from Peru’s antitrust authority, INDECOPI, for LPA’s previously announced $145.0 million sale of Parque Logístico Lima Sur (“PLS”), a premier 1.3 million square foot logistics park in Peru, to FIBRA Prime. With regulatory approval now received, the only remaining items are customary administrative c...