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Tag: majority stake
MTN eyes majority stake in Telkom - report
2015-02-12 20:46:00| Telecompaper Headlines
(Telecompaper) South Africa's MTN is exploring the potential acquisition of a majority stake in Telkom to increase its ability to compete against Vodacom, Bloomberg reported, citing people close to the discussions. According to the report, MTN has held exploratory discussions in recent months about a possible offer for Telkom. Telkom's strong position in the fixed-line market will help MTN to take on Vodacom, which is planning to acquire Neotel. Telkom spokesperson Jacqui O'Sullivan told Bloomberg that the company "is engaging in discussions with a number of industry players to consider how they could operate more efficiently". In January, news emerged that South Africa's government is planning to inject USD 870 million into energy group Eskom, and it may sell its stakes in Telkom and Vodacom to raise the money. Reuters reported that the government may fund the USD 870 million as soon as June.
Tags: report
eyes
majority
stake
Duke Energy buys majority stake in California solar developer
2015-02-09 17:00:24| Energy - Topix.net
The majority-stake sale to Duke is the first major move by REC Solar since CEO Al Bucknam took over the company in October. Duke Energy Renewables plans to invest $225 million over the next several years in building and operating solar projects for commercial customers after purchasing a majority stake in California solar company.
Tags: california
energy
majority
developer
UPDATE 1-Egypt's Global Telecom to sell Djezzy majority stake for $2.6 bln
2015-02-01 16:50:33| Telecom - Topix.net
Egypt's Global Telecom will sell a 51 percent stake in Djezzy for $2.6 billion while keeping operational control of the Algerian mobile operator, Global said in a statement on Sunday. The sale to the Algerian National Investment Fund is the result of a deal reached last April between GTH's Russian parent firm Vimpelcom and Algeria to end a dispute over the country's moves to nationalise Djezzy.
Tags: sell
global
update
majority
SATO acquires majority stake in top Russian label printer
2015-01-28 06:00:00| Label and Narrow Web Breaking News
Okil, headquartered in Saint Petersburg, holds the top position in the countrys label market with a 15% market share.
Tags: top
printer
russian
label
SATO acquires majority stake in label producer Okil
2015-01-28 01:00:00| Packaging Gateway
Barcode printing, labelling, and RFID solutions specialist SATO has acquired a 75% stake in Russian label manufacturer Okil for an undisclosed amount.
Tags: label
majority
producer
stake
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