Meaning of sell-down | Babel Free

Examples

“Furthermore, a sell-down of Millstone 3 interests by NU would have denied to consumers in the CL&P service area "forever" the low cost benefits of base load nuclear power, increased the Companies' dependency on oil-fired generation which would have conflicted with the national policy on oil conservation, and forced NU to raise capital to replace the Millstone 3 capacity with another source of capacity in the post-19886 period.”

“However, share price movements exercised through the exit route or a sell-down of shares do provide an avenue for disenchanted or aggrieved shareholders to discipline errant insiders.”

“This can entail additional sell-downs by controlling investors, marketed primary or secondary equity offerings, rights issues, block trades, accelerated bookbuildings, convertible bond or exchangeable bond issues, monetizing property assets through REITs or other assets through the listing of business trusts, dedicated funds, or wholesale private placements.”

CEFR level