Latest Asset sales News

Roger Penske looks over the track from the grandstand at Indianapolis Motor Speedway in Indianapolis, Thursday, July 2, 2020. Penske has spent the six months since he bought Indianapolis Motor Speedway transforming the facility. He's spent millions on capital improvements to the 111-year-old national landmark and finally gets to showcase some of the upgrades this weekend as NASCAR and IndyCar share the venue in a historic doubleheader. (AP Photo/Jenna Fryer)

'His Mona Lisa' - Penske adds golden touch to iconic Indy

Jul. 3, 2020 5:28 PM EDT

INDIANAPOLIS (AP) — The purists can relax: Roger Penske did not remove troughs from the men's bathrooms at Indianapolis Motor Speedway. He replaced them, of course, with the shiniest, sleekest basins on the urinal market, thus preserving one of the speedway's treasured if unusual features while still...

Germany's Daimler to start talks on sale of plant in France

Jul. 3, 2020 9:50 AM EDT

BERLIN (AP) — German automaker Daimler said Friday it plans to start talks on selling its plant in Hambach, France, where it has made the Smart compact car for years. Daimler currently has some 1,600 employees at Hambach in eastern France. CEO Ola Kallenius said in a statement that the company is working...

BP, Hilcorp say they've closed part of Alaska oil, gas deal

Jul. 1, 2020 2:32 PM EDT

JUNEAU, Alaska (AP) — BP announced Wednesday it has closed part of its planned $5.6 billion sale of assets and operations in Alaska to Hilcorp, including the transfer of leases in the Prudhoe Bay oil field and Point Thomson gas field. William Lin, an executive vice president for BP, in a statement called...

Alaska's RavnAir Group approved for July bankruptcy sale

Jun. 29, 2020 9:57 AM EDT

ANCHORAGE, Alaska (AP) — A federal bankruptcy judge has approved a plan for an auction to sell Alaska's RavnAir Group in whole or part. The auction of the state’s largest rural air carrier is expected to be held after July 4 and before a July 9 court hearing scheduled to finalize a sale, The Alaska...

Santee Cooper extends executives' contracts amid challenges

Jun. 22, 2020 8:10 PM EDT

MONCKS CORNER, S.C. (AP) — South Carolina’s state-owned utility company extended the contracts of its two executives Monday amid continuing debate by state lawmakers on whether to sell or reform the company. Santee Cooper’s board of directors voted to give Mark Bonsall, the CEO, and Charles...

Southeast Georgia pellet plant sold to new owner for $175M

Jun. 22, 2020 11:03 AM EDT

WAYCROSS, Ga. (AP) — A large producer of wood pellets that are burned for electricity is buying a pellet plant in southeast Georgia for $175 million. Enviva Partners of Bethesda, Maryland, announced last week that it would buy the Georgia Biomass plant in Waycross, as well as export terminal capacity that...

Anchorage wants to buy 4 properties to relieve homelessness

Jun. 22, 2020 9:33 AM EDT

ANCHORAGE, Alaska (AP) — Anchorage municipal officials said they are considering spending up to $22.5 million to buy property that would be converted to shelters and service sites. The proposed ordinance for the purchases would use federal coronavirus relief funding designated for the municipality. The...

Deal reached in dispute over sale of Pilgrim nuclear plant

Jun. 17, 2020 3:54 PM EDT

BOSTON (AP) — Massachusetts has agreed to drop its legal challenges to the sale of a shuttered nuclear plant as part of a deal that requires the new owner to keep a financial reserve to cover unexpected costs as it cleans up the site. State officials on Wednesday announced a settlement with Holtec...

Shuttered Honolulu dairy processing plant on sale for $25M

Jun. 13, 2020 3:14 PM EDT

HONOLULU (AP) — A shuttered dairy processing plant in Honolulu has been listed for sale for $25 million after shutting down in April, a closure that affected more than 200 employees. Dallas-based property owner Dean Foods Co. is working with local commercial real estate firm Cushman & Wakefield...

Texas restaurant chain to sell company to pay off debts

Jun. 4, 2020 9:49 PM EDT

HOUSTON (AP) — A popular Texas cafeteria chain known for its comfort foods announced it plans to sell the company to pay off its millions of dollars in debt. Luby’s said Wednesday that it will begin the process of selling its business operations and assets, including real estate, to pay off $35...