| 41. | The two big pieces in the demerger are the ad agencies Saatchi and Saatchi and Bates Worldwide.
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| 42. | In June 2010, the shareholders of Accor approved the demerger of its hotel and voucher businesses.
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| 43. | Its UK operation was the subject of a demerger in 2003, separating out the Henderson Group.
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| 44. | In 1998 WPD South West was formed from the demerger of the electricity distribution arm of SWEB.
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| 45. | Since the merger and subsequent demerger, the MUC has been replaced by the Montreal Agglomeration Council.
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| 46. | I think the market is hedging itself against the possibility that nothing more is said about a demerger.
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| 47. | This review will be different to earlier ones though, because of the demerger of the National Grid.
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| 48. | Demerger remains an option, but not one which we see happening in the near to medium term,
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| 49. | Thus, its demerger plan will continue to underpin its price trend over its intermediate-term perspectives.
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| 50. | Despite the demerger referendums held in 2004, controversy continues as some politicians note the cost of demerging.
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