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Tag: raises stake
GSK raises $853 million by halving stake in South African drugmaker
2015-03-13 12:04:30| Biotech - Topix.net
GlaxoSmithKline has taken profits in Aspen Pharmacare by selling half its stake in the South African drugmaker for $853 million , following a long investment in the firm. The sale, which was conducted through a share placing at a discount to the market price, is the latest example of GSK pruning non-core investments as it refocuses its business and works to protect its sizeable dividend payments to shareholders.
Tags: south
million
african
raises
Marchionne raises Fiat Chrysler stake as Ferrari spin-off nears
2015-02-26 18:31:25| Automakers - Topix.net
Fiat Chrysler Automobiles Chief Executive Sergio Marchionne has increased his voting stake in the carmaker to nearly 1 percent after benefiting from a stock grant plan, just as the company readies to spin off luxury brand Ferrari. The stake makes him one of the largest individual shareholders in FCA , the world's seventh-biggest carmaker, whose share price has soared 75 percent since the Ferrari spin-off was announced in October.
Tags: ferrari
chrysler
fiat
raises
Hyundai Motor family raises US$1.1b with stake sale
2015-02-06 15:32:33| Automakers - Topix.net
The patriarch of South Korea's Hyundai Motor group and his heir-apparent have raised $1.1 billion selling their stakes in its logistics arm, officials said Friday. A man in Seoul walks past a branch of Hyundai Motor, whose chairman and vice chairman raised US$1.1 billion by selling their stakes in the company's logistics arm.
Tags: family
sale
motor
hyundai
Silver Bay Realty Trust Corp (SBY): Citadel Raises Stake in This Real Estate Investment Trust to 5%
2014-11-24 23:08:46| Toys - Topix.net
Ken Griffin 's Citadel Investment Group has disclosed in a new filing with the Securities and Exchange Commission that is has inched up its exposure to Silver Bay Realty Trust Corp . Citadel revealed ownership of 1.88 million shares of the company, the position being increased from 1.71 million shares that the fund disclosed in its latest 13F filing.
Tags: to
real
estate
real estate
WestJet chairman trims stake in airline, raises over $40-million
2014-11-19 05:12:08| Airlines - Topix.net
WestJet Airlines Chairman and co-founder Clive Beddoe has been trimming his stake in the No. 2 Canadian carrier over the past six months, taking advantage of its strong share price.
Tags: chairman
airline
raises
stake
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