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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.
Shandong Ruyi mulling IPO for new Lycra business?
2019-04-25 16:16:00| Daily apparel & textile news and comment - from just-style.com
Chinese textile firm Shandong Ruyi is reportedly preparing an IPO for its newly acquired Lycra business, which could raise around US$500m.
Tags: business
ipo
shandong
lycra
Brookfield mulling bid for KPN - report
2019-01-31 14:29:00| Telecompaper Headlines
(Telecompaper) Canada's Brookfield Asset Management is mulling an offer for Dutch carrier KPN, Bloomberg reported, citing sources. The asset manager is talking with Dutch pension funds PGGM and APG about partnering on the bid. The company had a market value of EUR 10.6 billion at market close on 30 January, before reports of the talks came up. The sources noted however that Brookfield has not approached KPN itself yet and that the process is at a very early stage. It may not even yield an offer, they added. The report pushed KPN shares sharply up on 31 January. The Dutch carrier declined to comment on the rumours.
Tags: report
bid
brookfield
kpn
Levi Strauss & Co mulling US$5bn IPO?
2018-11-15 12:23:00| Daily apparel & textile news and comment - from just-style.com
Jeans giant Levi Strauss & Co is keeping tight-lipped regarding rumours the US firm is planning an initial public offering.
Tags: ipo
levi
strauss
mulling
Telefonica mulling sale of data centre business - report
2018-11-06 16:01:00| Telecompaper Headlines
(Telecompaper) Telefonica is evaluating the sale of its data centre business with a view to cutting down its debt pile, according to unnamed sources cited by Bloomberg. The company has hired financial advisers and is currently in the process of gauging interest from potential buyers including data centre specialist firms as well as infrastructure and private-equity funds, said the sources, adding that the sale could earn the Spanish group EUR 500 million to EUR 1 billion, depending on the assets included.
Tags: business
data
report
sale
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