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Tag: stake sale
Chevron Closes $1.6 Billion Sale of Stake in Giant Azeri Oil Field
2020-04-16 20:30:00| OGI
MOL Plc, a Hungarian multinational oil and gas company, agreed to buy the asset, which consisted of Chevrons nonoperating interests in the largest oil field in the Azerbaijan sector of the Caspian Basin.
Vivendi agrees Universal Music stake sale to Tencent consortium
2019-12-31 11:01:00| Telecompaper Headlines
(Telecompaper) Vivendi has agreed to sell 10 percent of its Universal Music Group (UMG) subsidiary to a consortium led by Chinese group Tencent, in a deal valuing the whole of UMG at EUR 30 billion. Tencent and Vivendi entered talks on the sale in August, just over a year after the plan for a stake disposal was first unveiled. The consortium, which includes Tencent, Tencent Music Entertainment and a number of financial investors, has also negotiated the option to acquire an additional 10 percent stake in UMG by 15 January 2021, at the same price and terms.
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Stake sale prompts Jones Soda CBD entry
2019-07-12 15:56:00| Daily beverage news and comment - from just-drinks.com
Seattle soft drinks firm Jones Soda is to launch CBD beverages after taking in US$9m from hemp group HeavenlyRx.
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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.
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.
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