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Diageo offloads major wine interests

2016-01-04 09:55:11| Beverages - Topix.net

Diageo was ringing in 2016 on Monday with the completion of the sale of its major wine interests. The FTSE 100 beverage multinational had previously announced its intention to sell the US-based Chateau and Estate Wines and the UK-based Percy Fox arm, to Treasury Wine Estates In October, Diageo indicated the dollar valuation of the transaction would be worth $552m, with net proceeds to the firm of A 320m.

Tags: major interests wine diageo

 

Castel offloads Bordeaux estate to Changyu

2015-12-04 15:46:00| Daily beverage news and comment - from just-drinks.com

French drinks group Castel has confirmed the sale of a majority stake in Bordeaux estate Château Mirefleurs to its Chinese partner, Changyu.

Tags: estate bordeaux castel offloads

 
 

Diageo offloads beer stakes to Heineken, ups Guinness Ghana Breweries control

2015-10-07 10:16:00| Daily beverage news and comment - from just-drinks.com

Diageo has sold off stakes in two beer businesses to Heineken for US$780.5m as it strengthens its grip on its Guinness brewery in Ghana.

Tags: control ups beer ghana

 

Globe offloads Yondu stake for 17m

2015-09-08 02:00:00| Total Telecom industry news

Mobile entertainment firm Xurpas snaps up 51% stake in VAS provider; establishes partnership with Filipino operator.

Tags: globe stake 17m offloads

 

Becker Drapkin Management Offloads Nearly 28% Of Its Stake In EMCORE Corporation

2015-08-13 17:43:00| Electronics - Topix.net

Becker Drapkin Management , founded by Matthew Drapkin and Steven R. Becker , has recently disclosed in a 13D filing with the Securities and Exchange Commission that it has unloaded 883,611 shares of EMCORE Corporation . Following the transactions, the hedge fund currently owns 2.31 million shares in the provider of semiconductor-based products, translating into a 9.0% ownership stake.

Tags: management corporation becker stake

 

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