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Tag: mln
BHP fights $205 mln royalty bill on Australian coal sales
2015-11-12 12:06:06| Grocery - Topix.net
BHP Billiton is disputing an A$288 million coal royalty bill from Australia's Queensland state, stemming from how it measures the value of coal, it said on Thursday. BHP Billiton has long defended a policy of calculating its royalty payments based on the first sale of the coal to its BMAG marketing hub in Singapore, where it pays lower corporate tax.
Tags: sales
bill
australian
coal
KPN sells 5% stake in Telefonica Deutschland for EUR 805 mln
2015-11-10 13:17:00| Telecompaper Headlines
(Telecompaper) KPN has sold a 5 percent stake in Telefonica Deutschland to institutional investors for EUR 805 million. The 150 million shares were sold in an accelerated bookbuilding at EUR 5.37 each, a small discount to the EUR 5.47 closing price the day prior to the sale. KPN acquired a 20.5 percent stake in Telefonica's German subsidiary when it sold E-Plus to the company last year. With the latest share sale, KPN's stake in Telefonica Deutschland is reduced to 15.5 percent. KPn said it will use 70 percent of the proceeds from the sale to pay dividends and the remainder to stengthen its balance sheet. The Dutch operator agreed to not sell any further shares in Telefonica Deutschland for 90 days.
Tags: eur
deutschland
sells
stake
EI Towers preparing EUR 860 mln Inwit bid - report
2015-11-10 11:53:00| Telecompaper Headlines
(Telecompaper) Italian tower operator EI Towers, controlled by commercial broadcaster Mediaset, is preparing a EUR 860 million bid to acquire a stake in Telecom Italia's mobile-phone tower unit Inwit, according to unnamed sources cited by Corriere della Sera. Previous reports have indicated that Telecom Italia has appointed Deutsche Bank to accelerate the sale of a 30-40 percent stake in Inwit, which operates some 11,500 sites across Italy. In September, Telecom Italia's board gave CEO Marco Patuano a mandate to explore the sale of Inwit, whose share value has risen sharply since Telecom Italia raised around EUR 780 million in June from an IPO of a 40 percent stake in the company.
Tags: report
eur
bid
preparing
Vimpelcom takes USD 900 mln charge for Uzbek investigation
2015-11-03 08:46:00| Telecompaper Headlines
(Telecompaper) Vimpelcom announced it will take a provision of USD 900 million to cover potential liabilities in the investigation into its Uzbekistan activities. Vimpelcom said it was still in talks with the authorities on resolving the case and there was no assurance as to the final cost to the company. The Securities and Exchange Commission and Department of Justice in the US where Vimpelcom is listed and the Public Prosecutor (Openbaar Ministerie) of the Netherlands where Vimpelcom is based are investigating how Vimpelcom obtained its operating licence in Uzbekistan. The company is suspected of paying bribes to a close relative of Uzbek president Islam Karimov, in exchange for access to Uzbekistan's telecommunications market. Vimpelcom has been in talks with the authorities on settling case since early this year.
Tags: takes
charge
usd
investigation
UPDATE 1-China more than doubles 2016 non-state crude import quota to 1.75 mln bpd
2015-10-31 05:10:48| Oil & Gas - Topix.net
China has more than doubled its non-state crude oil import quota for 2016 to 87.6 million tonnes, or 1.75 million barrels per day , as Beijing seeks to boost competition and attract private investment in its oil industry. The 2016 quota issued by the Ministry of Commerce on Friday compared to this year's figure of 37.6 million tonnes.
Tags: update
import
crude
quota
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