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Telefonica to sell China Unicom stake for USD 875 mln
2014-11-10 15:22:00| Telecompaper Headlines
(Telecompaper) Telefonica is looking to sell around half of its five percent stake in Chinese mobile operator China Unicom for as much as USD 875 million. The Spanish group is offering 597.8 million China Unicom shares at HKD 11.14 to HKD 11.34 each, according to Bloomberg, which represents a 1.2 percent to 3 percent discount on the Chinese operator's last closing price in Hong Kong. Telefonica has been present in the Chinese telecommunications market since 2005 when it first acquired a 3 percent stake in China Netcom, which was then sold to Unicom in 2008. The Spanish operator then increased its stake in China Unicom to almost 10 percent in 2011 before selling around half of its shareholding in June 2012 for some USD 1.4 billion. Over the past two years Telefonica has been divesting businesses in countries such as Ireland and the Czech Republic to raise funds for acquisitions in core markets including Germany and Brazil.
Telefonica raises 687m from China Unicom stake sale
2014-11-10 01:00:00| Total Telecom industry news
Spanish incumbent offloads half of its remaining stake in Chinese operator.
MHI to Transfer Ownership Stake to MEG
2014-11-09 20:44:21| Industrial Machines - Topix.net
Mitsubishi Heavy Industries, Ltd. yesterday concluded an agreement with Miyaji Engineering Group, Inc. whereby, effective April 1, 2015, MHI will transfer a 51% ownership stake in Mitsubishi Heavy Industries Bridge & Steel Structures Engineering Co., Ltd. , a group company, to MEG. Simultaneously, a shareholders agreement was also concluded between MHI and MEG.
Tags: transfer
ownership
meg
stake
Deutsch Private Equity Buys Stake in Ziegler
2014-11-07 06:00:00| Nonwovens Industry Breaking News
Plans underway to expand operations
Tags: private
deutsch
equity
buys
Plains All American to buy Occidentals 50% stake in BridgeTex Pipeline for $1bn
2014-11-07 01:00:00| Hydrocarbons Technology
Plains All American Pipeline (PAA) has agreed to acquire Occidental Petroleums 50% stake in BridgeTex Pipeline Company (BridgeTex) for $1.075bn.
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