In the summer of 2015, Johnson Controls International (JCI) announced that it would divest its Automotive Division via a spin off in a new publicly listed company: Adient. Shortly thereafter, JCI announced a merger with Tyco, a fire protection & security company. What was the impact of these strategic transactions on the treasury activities of the company?
With more than 235 million customers worldwide spread across a diverse group of countries, VEON’s business is complex in nature. As a consequence, the organization instigated a large-scale transformational program in 2016, in order to take its financial function to a higher level. This also meant a radical change process for treasury activities.