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Tag: assets
BRF strikes deal for Qatar distribution assets
2015-10-06 17:29:25| Livestock - Topix.net
BRF has struck a deal to buy part of Qatar-based QNIE's frozen distribution business for US$140m, the latest move in the Brazil-based giant's international expansion. QNIE, BRF's distributor in Qatar for more than 40 years, has signed a memorandum of understanding over the sale of the unspecified assets.
Tags: distribution
deal
assets
qatar
Atlantic Tele-Network swoops for Innovative, Caribbean Assets
2015-10-05 12:54:03| IT Services - Topix.net
USD85 million is payable in cash and there is an option to finance the remaining USD60 million of the purchase price with a loan from the Rural Telephone Finance Cooperative, an affiliate of ) and Sint Maarten. For its most recently completed fiscal year, ended 31 May 2015, Innovative's company-wide operations generated revenue of approximately USD100 million.
Tags: innovative
assets
atlantic
caribbean
AT&T may take USD 1.1 bln charge on Venezuela assets
2015-10-01 14:42:00| Telecompaper Headlines
(Telecompaper) AT&T may have to take a charge of around USD 1.1 billion related to the assets of DirecTV's Venezuela subsidiary due to the South American country's economic crisis, reports Reuters. According to an SEC filing, AT&T is considering whether to use a less preferential currency exchange rate to value DirecTV's assets in Venezuela. The value of DirecTV's USD 1.1 billion in Venezuelan assets is currently based on an exchange rate of 12 Venezuelan bolivars (VEF) per USD. In the filing AT&T said it may value the assets at the so-called Simadi exchange rate of around 200 VEF per USD, erasing nearly all their value.
Tags: charge
usd
att
venezuela
Protech/Oxyplast Acquires Thermoplastic Powder Coating Business and Assets of Union City Industries
2015-10-01 07:00:00| Coatings World Breaking News
Tags: business
city
union
industries
Celadon Group, Inc. Announces Acquisition Of Truckload Van Assets From Tango Transport
2015-10-01 03:25:39| Trucking - Topix.net
According to the seller's unaudited financial statements, the stated, "We are delighted with the Tango acquisition and expect it to fulfill one of our immediate goals of continuing to grow our business with our existing customer base by adding density in our primary traffic lanes and gaining experienced drivers." "Based on our evaluation of the business, we believe Tango has quality customers and drivers, with the majority of their customers overlapping our current customer base.
Tags: group
van
transport
assets
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