Toshiba CEO Nobuaki Kurumatani steps down over management rift Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Toshiba Corp. President and CEO Nobuaki Kurumatani (left) has stepped down and will be succeeded by Chairman Satoshi Tsunakawa. | KYODO
Kyodo, Bloomberg Apr 14, 2021
Toshiba Corp. President and CEO Nobuaki Kurumatani stepped down Wednesday, the company said, amid an internal conflict over a proposed buyout of the Japanese industrial conglomerate by British private equity firm CVC Capital Partners.
Chairman Satoshi Tsunakawa will succeed him, the company said.
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate s shares surged on reports that KKR & Co. | April 14, 2021
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ADNOC mulls a public offering for its drilling business By Dinesh Nair, Archana Narayanan, Anthony Di Paola on 4/14/2021
ADNOC drilling crew
(Bloomberg) Abu Dhabi is accelerating plans to sell shares in some oil and gas businesses as the government seeks to deepen its financial markets and diversify its sources of funding.
The state energy company, Abu Dhabi National Oil Co., is considering initial public offerings of its drilling business and a fertilizer joint venture called Fertiglobe, according to people with knowledge of the plans. The deals could raise more than $1 billion each, according to the people.
Petrostates in the Persian Gulf are trying to bolster their economies after they were hit last year by coronavirus lockdowns and the crash in oil prices. They also want to diversify from fossil fuels by using money raised from their oil assets to invest in other industries.
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