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Tag: stake
Fonterra acquires 18% stake in Chinas infant food producer Beingmate
2015-03-17 01:00:00| Food Processing Technology
New Zealand-based co-operative dairy Fonterra has acquired 18.8% stake in Chinese infant formula manufacturer Beingmate Baby and Child Food Company for 525m.
Tags: food
producer
infant
stake
Orange, PCCW set to open talks on Dailymotion stake - report
2015-03-16 08:47:00| Telecompaper Headlines
(Telecompaper) Orange is preparing to enter 45 days of exclusive talks to sell around 49 percent of its online video portal, Dailymotion, to Hong Kong-based PCCW, people familiar with the matter told the Wall Street Journal. Orange has reportedly informed its board of plans to sign the agreement within the coming days. PCCW's offer values Dailymotion at around EUR 250 million, including debt, according to one of the people. Orange said it was still talking to several potential buyers and has not yet entered into any exclusive negotiations. PCCW declined to comment. PCCW is Hong Kong's dominant telecom operator and owns Hong Kong pay TV service Now TV, digital music streaming website Moov and the Now.com pay video streaming website.
GSK raises $853 million by halving stake in South African drugmaker
2015-03-13 12:04:30| Biotech - Topix.net
GlaxoSmithKline has taken profits in Aspen Pharmacare by selling half its stake in the South African drugmaker for $853 million , following a long investment in the firm. The sale, which was conducted through a share placing at a discount to the market price, is the latest example of GSK pruning non-core investments as it refocuses its business and works to protect its sizeable dividend payments to shareholders.
Tags: south
million
african
raises
Chuck Royce Reduces Stake in 3 Industrial Stocks
2015-03-11 06:04:35| Steel - Topix.net
Chuck Royce is well-known as a pioneer of small-cap investing and founder of Royce & Associates, which today has $32 billion in assets under management. The principles of the firm's investment style include a focus on risk, an absolute value orientation, and a bottom-up approach to stock selection.
Tags: industrial
stocks
reduces
chuck
Air France-KLM to launch Servair stake sale soon: sources
2015-03-06 22:29:28| Airlines - Topix.net
The Franco-Dutch carrier plans to keep a stake in the business, with first bids due before Easter and likely buyers being French buyout groups such as PAI and Ardian or France-friendly investors such as Advent, one source said. Servair's clients include 120 airlines, and it employs 10,000 people.
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