Latest news with #assetdisposal
Bloomberg
6 days ago
- Business
- Bloomberg
BP's Castrol Unit Gets One Rock Bid as Most Suitors Drop
One Rock Capital Partners, a US mid-market private equity firm, is one of the few remaining bidders for BP Plc 's Castrol lubricants business, people familiar with the matter said, illustrating the potential challenges for the key asset disposal by the oil major. Several big-name energy companies and financial suitors have dropped out and valuation expectations have slipped, according to the people, who asked not to be identified as the information is private. One Rock is bidding for the entire asset, while Canada Pension Plan Investment Board is only interested in taking a minority stake, the people said.
BBC News
02-07-2025
- Business
- BBC News
Kirklees Council to sell off more land to plug £47m deficit
A cash-strapped local authority is planning to offload more of its assets in order to bring in £ Council was faced with a £47m black hole in its budget in authority has already raised nearly £1m after four assets were sold off in May and June. Seventeen new assets have been earmarked for disposal including a plot of land at Grasscroft in Almondbury, despite several objections. A council report stated one letter of objection was received from residents of Grasscroft and surrounding areas and included a petition signed by 36 have raised concerns about the site, which is an open space, being used for anything other than grazing land, according to the Local Democracy Reporting sites earmarked for disposal include a plot at Walkley Lane/Sycamore Industrial Estate in Heckmondwike, which was previously featured in a highways scheme as well as Earlsheaton Cemetery Lodge and land in Mirfield, Huddersfield and the current financial year, the council wants to raise £6m from selling off property and land it said was surplus to requirements, with a £4m target set for has already auctioned off of the former Red House Museum at Gomersal, which sold for £650, Grade II listed property, which was once the home of Charlotte Brontë's friend Mary Taylor, was previously a museum which closed in 2016 and a plan to turn it into holiday accommodation and wedding venue fell through. Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North.
Bloomberg
20-06-2025
- Business
- Bloomberg
Stanhope, Cheyne Near Deal to Buy LandSec's Prime London Project
Land Securities Group Plc is in discussions to sell Red Lion Court, a prime London commercial development, as part of its plan to dispose of £2 billion ($2.7 billion) worth of office assets and redeploy those funds into retail and housing instead. Alternative asset manager Cheyne Capital Management and developer Stanhope are expected to team up to buy the Southwark property overlooking the City of London, people familiar with the matter said, asking not to be identified discussing non-public information.
Malay Mail
31-05-2025
- Business
- Malay Mail
JPJ clamps down on officers failing to declare asset disposals, warns disciplinary action
KANGAR, May 31 — The Road Transport Department (JPJ) will take action against officers who fail to declare disposal of assets in its human resource management information system (HRMIS), if non-compliance is confirmed. Its director-general Datuk Aedy Fadly Ramli said the issue of non-compliance will be brought before the disciplinary committee once it is proven that such an element exists, based on findings from the Enforcement Agency Integrity Commission's (EAIC) investigation. 'We will review the investigation report and take the necessary action. If our review confirms non-compliance with civil service regulations, we will refer the matter to the disciplinary committee,' he told a press conference after launching the MyLesen B2 programme here yesterday. Earlier yesterday, the media reported that the EAIC had found JPJ officers to have failed to update and declare asset disposals in the HRMIS. The report also stated that EAIC had received a complaint against the Kuala Lumpur JPJ involving several vehicle registration numbers. On the MyLesen B2 programme in Perlis, Aedy Fadly said a total of 800 individuals from the B40 group successfully obtained motorcycle licences for free through the programme, with more than 80 per cent being school students. 'We received 1,200 applications in Perlis and 800 of them have passed the test,' he said. — Bernama
Malay Mail
30-05-2025
- General
- Malay Mail
EAIC finds some JPJ officers failed to declare disposed assets, recommends disciplinary action
PUTRAJAYA, May 30 — An investigation by the Enforcement Agency Integrity Commission (EAIC) found that there are Road Transport Department (JPJ) officers who failed to update and declare the disposal of assets in the Human Resource Management Information System (HRMIS). In a statement today, EAIC said the investigation was conducted under section 27(4) of the EAIC Act 2009 [Act 700] following a complaint against the Kuala Lumpur Federal Territory Road Transport Department (JPJ KL) involving several vehicle registration numbers. 'Following the investigation, it was found that several vehicles in the names of JPJ KL officers have not yet been declared obsolete through the HRMIS system, even though the vehicles have not been in their possession for a long time. 'This violates regulation 10(2) of the Public Servants (Conduct and Discipline) Regulations 1993 (P.U. (A) 395/1993),' it said. In this regard, EAIC decided to refer the results of the investigation to the JPJ Disciplinary Board with the recommendation that a warning letter be issued to the JPJ officers involved. — Bernama
