The trend in
selling off tangible assets is one seen across England, with councils budgeting to bring in PS3.
Selling off valuable assets is not a great thing for a city to do at any time.
The Sunday Mercury recently told how cash-strapped cops had also considered
selling off police stations in a desperate bid to make money.
But rival postal group TNT Post UK has claimed that
selling off the Royal Mail could create a "privatised monopoly" and push up the price of stamps.
The Royal Bank of Scotland (LSE: RBS) is close to
selling off its Asian assets.
Fellow Labour councillor Fred Johnson said: "They will be
selling off the patches of green on the roundabouts next.
It's not like the state is
selling off its own assets; it's setting off someone else's," he says.
Selling off the freight division of ONR, but ensuring the Little Bear and Polar Bear Express service from Cochrane to Moosonee are maintained;
Ironically, at the same time that the Pearson subsidiary was
selling off Cap Pubs properties it was purchasing Tod Sedwick's company, Pasha Publications, and its energy-related newsletters and conferences for a reported $17.
Bastos Marques is now dumping that strategy,
selling off those far-flung assets to focus on CSN's core steel business to make it bigger, meaner and more efficient in an increasingly competitive world market.
After
selling off a mass of non-core activities, Adaptec Inc, the Milpitas, California-based provider of bandwidth management technology, concludes that it has completed a turnaround year.
