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Tag: stake
Mazarine Energy to acquire 90% stake in Tunisian Zaafrane licence
2014-02-13 01:00:00| Hydrocarbons Technology
Oil and gas exploration and production company Mazarine Energy has agreed with Medex Petroleum to acquire a 90% participating interest in and operatorship of the onshore Tunisian Zaafrane licence.
Tags: energy
licence
acquire
stake
US: Lululemon shareholder Capital doubles stake?
2014-02-12 17:00:00| Daily apparel & textile news and comment - from just-style.com
Capital Group is rumoured to have more than doubled its stake in beleaguered Canadian yoga wear brand Lululemon Athletica, which has been battling falling sales after complaints about the quality of its products.
Tags: capital
stake
shareholder
doubles
America Movil trims stake in KPN
2014-02-12 12:30:00| Telecompaper Headlines
(Telecompaper) America Movil said it had a 27.1 percent stake in Dutch operator KPN at the end of 2013, down from the previously announced 29.7 percent. The announcement was made in the publication of its annual results. KPN CEO Eelco Blok told the Financial Times that the company was starting to repair relations with its largest shareholder, after rejecting America Movil's takeover bid last year. He admitted the relationship was "not really good" after the failed bid, but said it has since improved, although "not as good as it was before the offer". The America Movil members on KPN's board are "participating in a constructive manner", the CEO said, and the companies are looking at reforming their working groups, starting first with joint procurement. According to Blok, America Movil has not made clear any further intentions for KPN. The company is prohibited until April from launching a new bid for the group. The KPN CEO said the reason the previous bid broke down was "only about price", as America Movil was unwilling to increase its offer. KPN's shares are now worth around EUR 2.60 per share, compared to America Movi's offer of EUR 2.40.
Danone to double China Mengniu stake
2014-02-12 05:01:57| BBC News | Business | UK Edition
Danone plans to double its stake in China's largest milk producer amid growing demand in the country for foreign brands and dairy products.
Tags: china
double
stake
danone
America Movil cuts KPN stake
2014-02-12 01:00:00| Total Telecom industry news
Mexico-based telco giant reportedly in process of rebuilding relationship with Dutch partner.
Tags: america
cuts
stake
movil
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