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Altus Midstream Buys Stake In Permian Highway Pipeline For $161 Million

2019-05-29 17:05:20| OGI

Altus Midstream, a midstream C-corp formed by Apache and Kayne Anderson last year, exercised and closed its option for a stake in the Permian Highway Pipeline.

Tags: million highway buys stake

Italy's Mediaset acquires 9.6% stake in Germany's ProSiebenSat.1

2019-05-29 09:28:00| Telecompaper Headlines

(Telecompaper) Italian commercial broadcaster Mediaset has announced the acquisition of a 9.6 percent stake in German counterpart ProSiebenSat.1 for an undisclosed sum. The stake corresponds to up to 9.9 percent of ProSiebenSat.1's voting rights, excluding treasury stocks, said Mediaset, which has been touting the idea of creating a pan-European TV player for several months. In a statement, Mediaset CEO Piersilvio Berlusconi said: "the friendly acquisition of a stake in ProSiebenSat.1 is a long-term choice, aimed at creating value with an increasingly international outlook." He added that European media companies will need to join forces "if we are to continue to compete, or even just resist, in terms of our European cultural identity, eventual attacks by the global giants."

Tags: stake acquires mediaset prosiebensat1

Italian state lender CDP mulling sale of Open Fiber stake to TIM - report

2019-05-27 09:30:00| Telecompaper Headlines

(Telecompaper) Italian state lender Cassa Depositi e Prestiti (CDP) is considering the possibility of selling its 50 percent stake in wholesale operator Open Fiber to Telecom Italia (TIM), which would issue shares in return for the holding, according to unnamed sources cited in Il Messaggero. The move would allow TIM to merge its fixed network with that of Open Fiber with a view to avoiding infrastructure duplication, said the report, adding that CDP executives have discussed the transaction with TIM's leading investor Vivendi.

Tags: state report open sale

BP Nears Sale Of Stake In Egyptian Oil Firm To Dragon Oil

2019-05-23 17:49:56| OGI

BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million, industry and banking sources said.

Tags: to sale firm oil