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Kumho Industrial creditors to sell collective stake in firm for $623 million
2015-09-19 09:22:58| Industrial Machines - Topix.net
Creditors of South Korea's Kumho Industrial Co Ltd have agreed to sell their collective majority stake in the firm to the chairman of Kumho's former parent group for 723 billion Korean won , one of the creditor banks said on Friday. Korea Development Bank, in a text message to reporters, said creditors have reached an agreement on the sales price for their collective shares, which amounts to one share more than 50 percent.
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Turkcell to consider bid for TeliaSonera stake in Fintur
2015-09-18 12:21:00| Telecompaper Headlines
(Telecompaper) Turkcell said it will look at buying out its partner TeliaSonera in their Fintur joint venture in Eurasia. The statement follows TeliaSonera's announcement that it plans to exit the Eurasia region and focus on its European operations. Turkcell holds 41.45 percent and TeliaSonera 58.55 percent in Fintur, which controls the mobile operators Moldcell (Moldova), Azercell (Azerbaijan), Kcell (Kazakhstan) and Geocell (Georgia). Turkcell has been looking to expand in the region, most recently buying out its partner in Ukraine. The company said it will appoint a strategic and financial advisor to look at options for buying the remaining shares in Fintur.
Cellnex denies move for Telecom Italia towers stake
2015-09-18 02:00:00| Total Telecom industry news
Spanish operator says it is looking for growth opportunities in Europe, but is not working on a deal with INWIT.
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italia
telecom
stake
Genting Hong Kong to acquire 70% stake in German shipbuilder Lloyd Werft
2015-09-18 01:00:00| Ship Technology
Genting Hong Kong (GHK), parent company of Crystal Cruises, has signed an agreement to acquire Lloyd Werft, a shipbuilder in Bremerhaven, Germany for a sum of 17.5m.
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kong
german
hong kong
Suzuki buys back Volkswagen's stake
2015-09-17 04:29:18| BBC News | Business | UK Edition
Japanese automaker Suzuki has bought back a nearly 20% stake held by German carmaker Volkswagen for 460bn yen ($3.8bn; 2.4bn).
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