Volatility drives Canadian companies to unload non-core assets: EY
Canadian companies are looking to sell non-core assets as a result of macroeconomic volatility, according to a new study by Ernst & Young (EY). A survey conducted for EY's 2017 Corporate Divestment Study found 73 percent of respondents were likely to pursue divestment strategies. Once divested, 51 percent reported the initiative led to valuations of remaining assets that exceeded expectations. EY said 81 percent of Canadian companies believe they have been able to continue to create value in businesses subject to a divestment, compared to only 67 percent of global respondents.