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Tag: sells stake
Jio Platforms sells 1.16% stake to Abu Dhabi Investment Authority for EUR 667 mln
2020-06-08 09:11:00| Telecompaper Headlines
(Telecompaper) The Abu Dhabi Investment Authority (ADIA) has bought a stake in Jio Platforms of 1.16 percent, for INR 56.83 billion, or over EUR 667 million. The latest investment brings Jio Platforms' enterprise value to INR 5.16 trillion, the company said.
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Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt
2020-05-27 06:23:00| Telecompaper Headlines
(Telecompaper) Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said.
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Tom Barracks Colony Sells RXR Realty Stake to Dyal
2020-02-27 16:59:00| National Real Estate Investor
The firm valued its 27.2 percent stake in RXR at $100.4 million.
Oi sells 25% stake in Unitel for USD 1 billion
2020-01-24 16:46:00| Telecompaper Headlines
(Telecompaper) Oi has agreed to sell its 25 percent share in Angolan operator Unitel for USD 1 billion, reports O Globo. The buyer is Angolan oil company Sonangol which will pay USD 750 million initially and the rest in 90 days.
WeWork Sells Teem and its Stake in The Wing as it Continues to Divest Non-Core Businesses
2020-01-22 17:02:00| National Real Estate Investor
The moves are part of an effort to slim down to WeWork's core business of leasing flexible office space.
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