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KPN to increase Reggefiber stake to 60%
2014-01-03 10:48:00| Telecompaper Headlines
(Telecompaper) KPN has exercised an option to increase its stake in Reggefiber, its FTTH joint venture with Reggeborgh. KPN will acquire an additional 9 percent stake in the company, taking its holding to 60 percent. The price will be finalised in the coming weeks and is expected to range from EUR 116 to 161 million. The price depends on the amount of capital expenditure savings at Reggefiber. If the acquisition secures regulatory approval, KPN will fully consolidate Reggefiber's results. KPN could exercise the option after the start of 2014 or when Reggefiber achieved 1.5 million homes connected. KPN started with a 41 percent stake in the venture in 2008 and received several options to gradually increase its stake. Within 3.5-5 years, Reggeborgh can sell the remaining 40 percent to KPN. This may happen as early at 01 July 2017, for a price of EUR 647 million. After seven years, the price will be negotiated according to market rates.
Mondelez sells majority stake in SnackWell's to Brynwood company
2014-01-03 01:00:00| Food Processing Technology
US food and beverage firm Mondelez International has sold a majority stake in its SnackWell's cookies and snacks business to Back to Nature Foods, a portfolio company of Brynwood Partners VI.
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stake
KPN to increase Reggefiber stake to 60%
2014-01-03 01:00:00| Total Telecom industry news
Dutch incumbent expects to pay up to 161 million to take full control of FTTH joint venture.
Fiat Buying Remaining VEBA Stake in Chrysler, IPO Not Likely
2014-01-02 22:38:10| Automakers - Topix.net
While the rest of us were celebrating the new year, Chrysler was switching nationalities.
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buying
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chrysler
Murdoch sells China television stake
2014-01-02 20:46:47| BBC News | Business | UK Edition
Rupert Murdoch's 21st Century Fox is selling its 47% holding in Chinese television company, Star China TV.
Tags: china
television
sells
stake
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