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PRESS RELEASE: HFF Closes $11.85 Million Sale of Tampa Festival Centre in Northeast Tampa
2013-09-03 16:41:00| National Real Estate Investor
Kristen Murphy HFF closed the sale of Tampa Festival Centre, a 141,628-sq.-ft., grocery-anchored shopping center in northeast Tampa. HFF marketed the property on behalf of the seller, Forge Capital Partners. read more
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Vodafone agrees Verizon Wireless sale for USD 130 bln
2013-09-03 08:43:00| Telecompaper Headlines
(Telecompaper) Vodafone has reached an agreement to sell its 45 percent stake in Verizon Wireless to its US partner Verizon Communications, giving the latter 100 percent control of the mobile operator. Verizon will pay a total USD 130 billion, including USD 58.9 billion in cash, USD 60.2 billion in Verizon shares, USD 5.0 billion in the form of Verizon loan notes, Verizon's 23 percent stake in Vodafone Italia (valued at USD 3.5 billion), and Verizon's assumption of USD 2.5 billion in Vodafone debt related to the US group. Vodafone plans to return 71 percent of the proceeds to its shareholders, while GBP 6 billion will be go to a new three-year investment programme called Project Spring. The latter will see the group accelerate its 4G roll-out to 90 percent of its five main European markets by 2017, enhance 3G coverage and capacity in mature and emerging markets, extend its fixed broadband services based on fibre and VDSL, upgrade distribution outlets, improve the portfolio of enterprise services, speed up the deployment of mobile payment services and develop new systems to improve customer experience and simplify operations. The shareholder pay-out will include a mix of the Verizon shares and cash, worth in total 112 pence per share. In addition Vodafone pledged to increase its 2014 dividend by 8 percent to 11 pence per share. After the divestment of the Verizon Wireless stake, shareholder pay-out and proposed Kabel Deutschland takeover, the company's balance sheet will remain strong, with net debt at 1.0 times EBITDA.
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Burton's Biscuits profits soar ahead of proposed sale
2013-09-02 20:48:40| Grocery - Topix.net
UK's number two biscuit firm Burton's has recorded profit growth in its full-year 2012 results ahead of a possible sale.
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FRANCE: Rémy Cointreau finalises Larsen Cognac sale
2013-09-02 13:49:00| Daily beverage news and comment - from just-drinks.com
Rémy Cointreau has completed the sale of Larsen Cognac to Finland's Altia Corporation, eight months after it acquired the brand.
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VIDEO: Vodafone: No UK tax on 84bn sale
2013-09-02 10:29:46| BBC News | Business | UK Edition
Vodafone says talks about the sale of its 45% stake in Verizon Wireless of the US are "advanced" and it has put a value on the deal of $130bn (84bn).
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