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Telia sells Spotify stake with 2.4x return on purchase price

2018-03-30 12:29:00| Telecompaper Headlines

(Telecompaper) Telia Company said that it has gradually divested its entire holding in Spotify to institutional investors for USD 272 million or approximately SEK 2.3 billion, ahead of the streaming music company's listing on the stock market. This is equivalent to a return on investment of approximately 2.4 times. Telia invested USD 115 million in Spotify for a 1.4 percent stake in June 2015, after having begun to include Spotify Premium in its services in October 2009.

Tags: price return purchase sells

 

Telenor sells off Eastern European assets to refocus on Asia

2018-03-29 02:00:00| Total Telecom industry news

Norwegian operator Telenor has agreed to sell off its assets in Central and Eastern Europe, as it looks to realign its focus to more lucrative markets in Asia. The assets will be purchased by the PPF Group.  “Telenor Group&rsquo…read more on TotalTele.com »

Tags: asia european eastern assets

 
 

BASF Sells Mexican Oleo Surfactants Unit

2018-03-27 16:35:00| Happi Breaking News

Transaction with Stepan includes Ecatepec site.

Tags: unit mexican sells basf

 

AkzoNobel Sells Specialty Chemicals to The Carlyle Group, GIC for 10.1 Billion

2018-03-27 14:48:00| Coatings World Breaking News

The transaction is expected to be completed before the end of 2018.

Tags: group specialty billion chemicals

 

Delek sells AltAir renewable diesel/jet business to World Energy for $72M

2018-03-21 09:57:08| Green Car Congress

Tags: business world energy sells

 

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