asset stripping


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asset stripping

The practice of buying a large company with the intention of breaking up its component businesses and selling them individually.
References in periodicals archive ?
The Tories are cutting, asset stripping, selling to mates, running down and blatantly letting services and people die on the streets.
THE MINISTRY of Defence are being accused of asset stripping a historic barracks to make way for commercial development.
This company is renowned for buying failing companies, asset stripping and moving on, morally this yet again the unacceptable face of capitalism.
Following the deepening crisis between Etisalat and a consortium of 13 Nigerian banks over a syndicated loan of about US$1.2 billion granted the telecom company by the banks, the Central Bank of Nigeria (CBN) on Friday, June 23, 2017 said the apex Bank and the Nigeria Communications Commission (NCC) decided to intervene in the crisis in order to prevent job losses and asset stripping.
If we sell players he's asset stripping! If we run the club properly, he's doing it to sell it!
Following its sale for PS1 the retail trade tycoon will undoubtedly hate being accused of asset stripping as MPs tear into the "have yacht" member of an unbelievably wealthy elite.
Due to these policies we have witnessed the rise of the financial sector, the gutting of industry (asset stripping) and the dominance of short-term profit over longterm investment.
Tuesday, 4pm, Cabinet: To consider specialist provision for disabled children; asset stripping of land and buildings; plus financial reports.
Greatrex tried and failed to coax David Cameron into condemning Klesch's asset stripping.
We are all aware that when mergers take place in the world of business they are frequently followed by asset stripping.
A spokesman for the Newcastle United Supporters' Trust claimed that any development on the site could hit future revenues and claimed it was another example of "asset stripping" at the club.