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Tag: assets
Argentine court upholds freeze on Chevron assets
2013-01-30 21:16:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: An Argentine appeals court has upheld a freeze on up to $19 billion worth of assets held by U.S. oil major Chevron Corp in Argentina as part of an environmental lawsuit by Ecuadorean villagers, one of the plaintiffs' lawyers said on Wednesday. An Ecuadorean court last year ordered Chevron to pay the enormous sum for contamination of watersheds over nearly 30 years that the plaintiffs say sickened indigenous tribes people and farmers in the Ecuadorean Amazon. Chevron, which vowed to fight the...
Tags: court
assets
freeze
argentine
Ridgemont Equity, Unitex Acquire Assets In West Texas
2013-01-30 11:05:00| OGI
The acquisition of conventional oil assets in Scurry County, Texas, is the partnerships first deal together.
Tags: west
texas
equity
assets
Coke and Pepsi shift bottling assets to build brands: Rabobank
2013-01-30 02:45:29| Beverages - Topix.net
The Coca-Cola Company and PepsiCo are looking to shift bottling assets onto strong franchise partners in order to refocus in house efforts on brand building and marketing.
Tags: build
brands
shift
assets
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.
Tags: east
african
assets
liquid
Ontario Teachers, PCCW among bidders for Leighton fibre assets
2013-01-29 01:00:00| Total Telecom industry news
Analysts claim business could fetch up to $908.15 million.
Tags: assets
teachers
ontario
fibre
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