Selling or separating a business unit. In mergers, regulators often require divestitures to preserve competition in specific markets.
资产剥离
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Kimberly-Clark offers bonds to help fund Tylenol maker takeover 资产剥离 · 第 9 张术语卡 | The EU required the sale of Kotex, Camelia and Record in Europe; Australia and New Zealand required Carefree and Stayfree. 剥离分两类：结构性（卖掉业务，一劳永逸）与行为性（承诺不涨价、不断供，需要长期监督）。反垄断机构偏好前者，因为不用盯着。真正难的是「卖给谁」——买方必须有能力和意愿把业务经营下去，否则等于没竞争了。所以欧盟会单独审查买方的财务实力与行业经验，这也是本案拖到 10 月才附条件批准的原因之一。 |