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Tag: sells
EVOQ Sells Los Angeles Sites for $19M
2013-01-31 06:53:00| National Real Estate Investor
A portion of the net proceeds was used to retire debt.
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los
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los angeles
Massey Knakal Sells Mixed-Use Building in N.J. for $1.4M
2013-01-31 02:13:00| National Real Estate Investor
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massey
American Energy Sells $105K Common Shares
2013-01-29 16:45:00| OGI
Proceeds will be used for general and administrative operating capital and legal expenses.
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common
energy
shares
Philips sells audio, video unit to Funai for $202 million
2013-01-29 15:04:28| CNET News.com
The company says the move of the consumer-focused entertainment group will allow for a stronger focus on its health division. [Read more]
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Altech sells East African assets to Liquid Telecom
2013-01-29 11:42:00| Telecompaper Headlines
(Telecompaper) Liquid Telecom has announced a deal to acquire the East African telecom assets of the Altech Group, including Altech's 61 percent stake in Kenya Data Networks (KDN). The deal, under which South Africa-based Altech becomes a minority shareholder in Liquid with a stake of 8.6 percent, creates a single fibre network spanning Kenya, Uganda, Rwanda, Zambia, Zimbabwe, Botswana, DRC, Lesotho and South Africa. Liquid Telecom claims to have built the largest fibre network in Southern Africa and Central Africa. Altech will contribute its majority interests in Altech East Africa on a debt- and cash-free basis, as well as pay USD 16.5 million for new shares in Liquid. This gives it an initial 8.6 percent equity stake in the company, with shareholder voting rights of 10 percent. Altech will also have one seat on the Liquid board, as long as it holds at least 5 percent in the company.
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