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Lufthansa to Exit JetBlue Stake in Convertible Debt Buyback

2015-02-19 04:08:12| Airlines - Topix.net

The exit plan, through an early redemption of Lufthansa bonds convertible into JetBlue shares, will help strengthen the German carrier's balance sheet as it faces competition abroad and in Europe as well as crippling strikes by pilots. Lufthansa became JetBlue's largest investor in 2007 and holds two board seats.

Tags: debt exit convertible stake

 

Family owners of Ferrari say will not sell stake

2015-02-18 17:23:30| Automakers - Topix.net

Piero Ferrari, son of the eponymous luxury sports car company's founder Enzo Ferrari, said on Wednesday he had no intention to sell the 10 percent stake his family owns in the company. Car maker Fiat Chrysler Automobiles plans to conclude the spin-off and initial public offering of Ferrari this year, subject to regulatory approvals, FCA Chief Executive Sergio Marchionne said last month.

Tags: family sell owners ferrari

 
 

UPDATE 1-TPG sells stake in Indonesia's BTPN to Sumitomo for $462 mln

2015-02-18 16:13:38| Grocery - Topix.net

Private equity firm TPG Capital has sold a 17.5 percent stake in PT Bank Tabungan Pensiunan Nasional Tbk to an affiliate of Japan's Sumitomo Corp for 5.93 trillion rupiah . TPG Nusantara sold 1.02 billion BTPN shares at 5,800 rupiah apiece, a 43 percent premium to the last traded price, to Summit Global Capital Management, BTPN said in a filing to the Indonesian stock exchange on Wednesday.

Tags: update sells stake mln

 

Warren Buffett's firm sells Exxon Mobil, adds Deere stake

2015-02-18 02:04:43| Energy - Topix.net

Billionaire Warren Buffett's company unloaded its 41 million shares of Exxon Mobil Corp. and sold a smaller stake in ConocoPhillips as oil prices fell last fall. Berkshire Hathaway Inc. filed an update on the stocks it held at the end of 2014 with the Securities and Exchange Commission Tuesday.

Tags: firm mobil adds warren

 

EnLink Midstream Partners acquires 25% stake in EMH for $925m

2015-02-18 01:00:00| Hydrocarbons Technology

EnLink Midstream Partners has acquired a 25% stake in EnLink Midstream Holdings (EMH) from EnLink Midstream for about $925m.

Tags: partners stake acquires midstream

 

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