Virginia Businesses in the News


Divestitures

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

The AES Corp. of Arlington, a global power company, announced an agreement with SSE Generation, a generator company based in the UK to sell its ownership interest in Medway Power and AES Medway Operations. (Business Wire)

The Brink’s Co., a business and security services provider based in Richmond, announced one of its subsidiaries entered into definitive agreements to sell substantially all of its remaining coal properties in West Virginia. (Business Wire)

Media General Inc. of Richmond, sold its subsidiary, Media General Financial Services Inc., a source of online financial data, to CenterPoint Data, an Austria-based provider of intelligent integrative solutions for industrial research and manufacturing,. The company said the operation had become less central to Media General’s long term strategy. (PR Newswire)

Smithfield Foods, a hog producer and pork processor based in Smithfield, agreed to sell Schneider Corp., its Canadian pork-processing company to Maple Leaf Foods, a food-processing company based in Toronto, Canada for $378 million. (Daily Press)