SPINNING OFF SECONDARY BUSINESSES
Europe’s conglomerates start joining break-up trend
Activist shareholders are pressing diversified groups to trim businesses and do one thing well
01 December 2016 - 06:15
The days of the European conglomerate may be numbered, as activist shareholders are pressing diversified groups to spin off secondary businesses and focus on doing one thing well. Many investors and analysts — and some managers — say that in a world where good returns are hard to come by, breaking up businesses that do not belong together can be profitable.
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