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Clarin to spin off Cablevision into standalone, listed unit

2016-08-17 17:14:00| Telecompaper Headlines

(Telecompaper) Argentina's largest media group Grupo Clarin said it plans to spin off its majority-owned cable TV and internet access business into a separate listed company to be called Cablevision Holding (CVH). The plan will be put to a shareholder vote for approval on 28 September, the company said in a statement.

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Heineken silent on Kirin's Brazil unit purchase talk

2016-08-15 19:00:00| Daily beverage news and comment - from just-drinks.com

Heineken has declined to comment on a report it is on course to buy Kirin's Brazil operations.

Tags: purchase talk unit brazil

Walmex sells Suburbia clothing unit for US$853.3m

2016-08-11 14:03:00| Daily apparel & textile news and comment - from just-style.com

Supermarket retailer Wal-Mart de Mexico, known locally as Walmex, has agreed to sell its Surburbia apparel division to Mexico's biggest department store chain, El Puerto de Liverpool SAB, for MXN15.7bn (US$853.3m) in a move it says will allow it to focus on its core business.

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