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Natixis Plans 2 Billion-Euro Distribution After Stake Sales

2013-02-17 22:43:26| Food - Topix.net

Natixis SA, the investment-banking unit of France's second-largest lender by branches, plans a 2 billion-euro exceptional payment to shareholders after selling back stakes in its parent's banking networks.

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France Telecom reaches deal to sell Sonaecom stake

2013-02-15 21:12:00| Telecompaper Headlines

(Telecompaper) Portuguese conglomerate Sonae and France Telecom-Orange have entered into a put and call option agreement on 15 February that will allow Orange to divest its entire 20 percent stake in the Portuguese telecommunications operator Sonaecom. Sonae already holds a 53.17 percent stake of Sonaecom. The call is exercisable by Sonae over the next 18 months and the put will be exercisable by France Telecom during the 3 months following this initial period. They are both exercisable at the same price of EUR 98.9 million. The price could be increased to EUR 113.5 million if Sonaecom participates in a material transaction that consolidates or restructures the Portuguese telecom sector in the two years following the signature of the agreement. The company is currently in the process of merging with its larger rival Zon Multimedia.

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Calpers says it has a 16 percent stake in Irving-based Zale Corp.

2013-02-15 17:32:26| Jewelry - Topix.net

Calpers disclosed the holding in a Form 3 initial statement of ownership filing this morning.

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Finnish firms take on E.ON stake in reactor project

2013-02-15 12:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A group of Finnish firms has taken on German utility E.ON's 34 percent stake in nuclear consortium Fennovoima, in a bid to keep plans for a new reactor in northern Finland on track. E.ON said in October it was exiting all operations in Finland to raise funds to cut debt, sparking doubts over plans for the proposed reactor in Pyhajoki. Fennovoima said on Friday that Voimaosakeyhtio, a group of some 60 Finnish utilities as well as industrial companies including Outokumpu, Rautaruukki and Talvivaara,...

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Documents:Balsillie dropped RIM stake in 2012

2013-02-15 01:30:11| Telecom - Topix.net

Jim Balsillie once re-mortgaged his house to help build the BlackBerry company, but by the end of last year, the smartphone maker's former co-CEO had cleaned out any shareholder stake he still owned.

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