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Vodacom to lift stake in Tanzanian unit to 82%

2013-11-27 10:39:00| Telecompaper Headlines

(Telecompaper) Vodacom Group has agreed to pay ZAR 2.46 billion (USD 243 million) to acquire an additional 17 percent in its Tanzanian unit. Vodacom said it would indirectly raise its stake in Vodacom Tanzania to 82.2 percent from 65 percent by buying new shares in the company's minority shareholder, Cavalry Holdings. It will fund the purchase through cash and existing debt facilities. It said Tanzania had been its most successful sub-Saharan investment. Vodacom is the top mobile operator in the east African nation, with just over 10 million customers.

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A Local Lift for Homeownership

2013-11-26 22:16:12| PortlandOnline

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Germany's Merck looks for deals to lift U.S. drug sales

2013-11-26 20:31:13| Biotech - Topix.net

The drug and chemicals maker gets some 20 percent of pharmaceutical revenue from the United States, compared with an average of about 50 percent at most global pharma firms.

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Broadway Bridge closed Sunday for lift span repairs

2013-11-23 01:33:20| PortlandOnline

The Broadway Bridge will be closed to motor vehicles and sidewalk traffic on Sunday, November 24 from 7:30 a.m. until as late as 5 p.m. while crews make a repair to the lift span. The work will require the drawbridge to be in the open position much of the day. The closure will not impact river traffic.

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CANADA: Surging sales lift Gildan Activewear Q4 profit 9%

2013-11-21 16:09:00| Daily apparel & textile news and comment - from just-style.com

Higher revenues, lower cotton costs and strong sales in its printwear business have helped apparel maker Gildan Activewear to a 9% jump in fourth-quarter profit.

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