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Telefonica sells Czech operator to PPF for EUR 2.5 billion
2013-11-05 09:35:00| Telecompaper Headlines
(Telecompaper) Telefonica has agreed to sell a majority stake in Telefonica Czech Republic to the private equity firm PPF. For the 65.9 percent stake, which includes also Telefonica Slovakia, PPF will pay EUR 2.467 billion (CZK 63.6 billion). This includes an initial payment of EUR 2.063 billion and EUR 404 million over the next four years. Telefonica will also receive a dividend of EUR 260 million from the Czech operator before the deal closes and maintain a 4.9 percent equity stake in the company. As part of an industrial and commercial partnership with the new owner, Telefonica Czech Republic will be renamed but continue to have rights to the O2 brand for four years. In addition, the company will become part of Telefonica's Business Partners Program. Telefonica said it will use the proceeds of the sale to reduce debt and realise a capital loss of EUR 56 million on the transation in Q3.
Tags: eur
czech
operator
billion
Deloitte sells stake in Work scheme
2013-11-05 01:35:19| BBC News | Business | UK Edition
Consultancy firm Deloitte is selling its stake in the Work Programme, prompting claims the government has failed to create a viable market in the welfare-to-work industry.
Goodyear Heiress Sells Co-Op On Central Park West for $3.8 M.
2013-11-04 22:44:38| Industrial Machines - Topix.net
In an era when art and industry can sometimes seem irreconcilably at odds, Dorothy Seiberling Steinberg represents something of an anomaly-that rare type whose biography marks her as an exalted citizen of both worlds.
Insider Selling: Gregory Howey Sells 2,250 Shares of Rogers Corp. Stock
2013-11-04 22:22:21| Electronics - Topix.net
Rogers Corp. Director Gregory Howey unloaded 2,250 shares of Rogers Corp. stock in a transaction dated Friday, November 1st.
Tags: stock
selling
corp
shares
AUSTRALIA: Billabong sells West 49 chain to YM
2013-11-04 12:45:00| Daily apparel & textile news and comment - from just-style.com
Struggling Australian surfwear company Billabong is to sell its West 49 chain in Canada to apparel retailer YM Inc, ending months of speculation.
Tags: west
australia
chain
sells
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