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Premji Invest acquires minority stake in Hygienic Research
2015-10-26 10:11:18| IT Services - Topix.net
Mumbai, Oct 26 : Premji Invest , the investment arm of Wipro Group chairman Azim Premji, today announced the acquisition of a significant minority stake in Hygienic Research Institute, one of the largest home grown hair-care- focused FMCG companies. A statement from the Mumbai-based institute however did not share the investment details such as the quantum of stake being sold to Premji Invest and the price at which the sale has been concluded.
Tags: research
invest
minority
stake
Vivendi raises Telecom Italia stake over 20%
2015-10-26 08:38:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has announced that it has further boosted its stake in Telecom Italia to 20.03 percent of the company's ordinary shares. Vivendi has been the Italian operator's largest shareholder since June, when it received 8.24 percent of shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT and purchased 6.66 percent of additional shares. The French group subsequently increased its holding to 15.5 percent in September and 19.9 percent earlier this month. In a statement Vivendi reiterated its intention to be a long-term shareholder of the Italian telecoms group and, more generally, to develop Vivendi's activities in southern Europe. The company is said to be looking for a wider platform for the distribution of content created by its subsidiaries such as Canal Plus and Universal Music Group in Italy.
Tags: italia
telecom
raises
stake
Vivendi's Telecom Italia stake creeps up
2015-10-26 01:00:00| Total Telecom industry news
French company increases its holding in Telecom Italia to 20.03%.
Tags: italia
telecom
stake
creeps
Mitsui to acquire stake in Petrobras natural gas distribution unit for $489m
2015-10-26 01:00:00| Hydrocarbons Technology
Japan-based Mitsui has signed an agreement with Petróleo Brasileiro (Petrobras) for partial acquisition of shares in the latters natural gas distribution unit Petrobras Gás (Gaspetro) for about R$1.9bn ($489m).
Tags: natural
distribution
unit
gas
Report: Dow Chemical in talks to buy out Corning's stake in Dow Corning
2015-10-25 17:15:29| Chemicals - Topix.net
During his address to shareholders Thursday, Oct. 22, Andrew N. Liveris, chairman and CEO of the Dow Chemical Co., said the Midland-based chemical giant is in talks with Corning Inc. to buy its stake in Dow Corning, according to a Bloomberg report . Dow Corning, headquartered in Bay County's Williams Township, is a 72-year silicones joint venture of Dow Chemical and Corning Inc. It's a global leader in silicone-based technology and innovation.
Tags: report
buy
chemical
talks
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