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Tag: stake
Greece sells gambling monopoly stake
2013-05-01 17:17:17| BBC News | Business | UK Edition
Greek-Czech investment fund Emma Delta snaps up 33% of Greek gambling monopoly Opap in Greece's first big privatisation.
Tags: greece
sells
gambling
stake
Liberty Global raises stake in Ziggo to 15%
2013-04-30 12:42:00| Telecompaper Headlines
(Telecompaper) Liberty Global has increased its stake in Dutch cable operator Ziggo to 15.0 percent, according to a filing with the Dutch securities regulator AFM. Liberty Global first acquired a 12.65 percent stake in Ziggo at the end of March, after Ziggo's shareholders placed a large stake on the market and Barclays was unable to find investors for the shares. The shareholders Cinven and Wrburg Pincus sold the week prior to Liberty's latest announcement their remaining shares in Ziggo, in a discounted one-day offering. Liberty Global, which already owns the second-largest cable operator in the Netherlands UPC, said it considers the Ziggo stake a strategic investment.
Tags: to
global
liberty
raises
Carphone Warehouse to buy back Best Buy stake in business
2013-04-30 09:09:00| Telecompaper Headlines
(Telecompaper) Carphone Warehouse has agreed to buy back Best Buy's 50 percent share in their joint venture CPW Europe for GBP 471 million in cash and stock. Carphone sold the US retailer half its European business five years ago as part of plans to bring the Best Buy 'big box' stores to Europe and share its mobile retail knowledge with Best Buy in the US. The venture proved unsuccessful in Europe, Carphone sold its share in the US venture, and Best Buy is now exiting the European company. The two are also ending their Global Connect partnership and joint venture in China and Mexico. Carphone will pay an initial GBP 341 million cash and GBP 80 million in its own shares, as well as GBP 50 million in deferred cash payments on the first and second anniversaries of the transaction. To fund the cash portion of the deal, Carphone is selling 47.2 million shares, or a 9.99 percent stake in the group, on the open market. Best Buy said it will take a USD 200 million impairment charge on the activities for accumulated forex losses.
Tags: back
business
buy
warehouse
Unilever to raise stake in Hindustan Unilever in $5.4 bn offer
2013-04-30 08:54:06| Food - Topix.net
Unilever Plc will pay $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever, to up to 75%. Anglo-Dutch consumer goods giant Unilever Plc will pay as much as $5.4 billion to raise its stake in its Indian unit, Hindustan Unilever, to up to 75 percent in a bet on fast-growing spending power in Asia's third-largest economy.
Tags: offer
raise
stake
unilever
Alibaba buys stake in China's Weibo
2013-04-30 03:07:27| BBC News | Business | UK Edition
Alibaba, China's biggest e-commerce group, buys an 18% stake in Weibo, China's Twitter-like service, as it looks to tap into the social media sector.
Tags: alibaba
buys
stake
chinas
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