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Vodafone terminates acquisition talks with STC over Egyptian stake

2020-12-21 14:58:00| Telecompaper Headlines

(Telecompaper) Vodafone Group said its discussions with Saudi Telecom Company (STC) regarding the sale of Vodafone's 55 percent shareholding in Vodafone Egypt have been terminated. Vodafone Group CEO Nick Read said the Egyptian government is committed to an optimal framework for the telecoms sector, which will enable Vodafone Egypt to fulfil the country's vision of digitisation and financial inclusion, and create a technology hub to support its growth in the African region.

Tags: acquisition talks vodafone stake

Shell Sells Minority Stake in Queensland Curtis LNG Facilities for $2.5 Billion

2020-12-21 12:08:59| OGI

Shell said on Dec. 21 it has agreed to sell a 26.25% stake in its Queensland Curtis LNG (QCLNG) facilities to Global Infrastructure Partners Australia for $2.5 billion, helping the oil major meet its annual target for divestments.

Tags: facilities shell billion sells

Enel board to sell minimum 40% stake in Open Fiber to Macquarie

2020-12-18 09:17:00| Telecompaper Headlines

(Telecompaper) Italian energy giant Enel said its board has given the go ahead to sell up to 50 percent of wholesale operator Open Fiber to Australian fund Macquarie, potentially paving the way to a nationwide fibre-optic network open equally to all market players. In a statement, Enel said its CEO had been given a mandate to sell between 40 percent and 50 percent of Open Fiber to Macquarie by June. The Australian fund has agreed to pay EUR 2.65 billion for Enel's full 50 percent stake, including the transfer of a shareholder loan worth EUR 270 million.

Tags: to board open sell

BP Acquires Majority Stake in Largest US Carbon Offset Developer

2020-12-17 23:00:00| OGI

Pennsylvania-based Finite Carbon, the largest U.S. carbon offset developer, pays landowners to manage forests, generating carbon offset credits that can be sold to polluters.

Tags: largest majority developer offset