Hive Off Of A Company Meaning

If someone hives off part of a business they transfer it to new ownership usually by selling it. How to use hive off in a sentence. Lufthansa had originally planned to hive off its domestic operations into a subsidiary lufthansa express.

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A colony of bees living in such a structure or nest.

Hive off of a company meaning. A parent company will spin off part of its business if it expects that it will be lucrative to do so. The hive off will see 46 per cent sold to the private sector and five per cent to staff. The profitable part of a nationalized industry to new ownership informal the bank explored plans to hive off the company s japanese division. Hive off synonyms hive off pronunciation hive off translation english dictionary definition of hive off.

Hive something off to into something often passive especially british english to separate one part of a group from the rest. 64 billion and unveiling plans to hive off half of its petrochemicals arm. A nest built by wild or feral bees. It would be a mistake to hive the division off to a competitor.

To sell part of a business the it department is being hived off into a new company. Klockner plans to hive off its loss making steel businesses. A structure for housing domesticated honeybees. To separate one part of a company from the rest of the company usually by selling it.

The spin off will have a separate management structure and a new name but it will retain the. The shares in the subsidiary or the assets are then sold off to a third party. Amp has spent most of this year working on a plan to hive off its uk arm which has been blamed for sending the australian company into the red. To split off part of a large company to form a smaller subsidiary giving shares in the subsidiary to its existing shareholders.

Phrasal verb with hive verb t uk uk haɪv us. The purpose of a hive down is to preserve the value of a failing company by transferring the valuable parts of the business the queen bee and the honey to a subsidiary. To transfer part of a business esp. Hive off definition is to break away from or as if from a group.