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EDF to purchase majority stake in Arevas nuclear power unit for $2.2bn
2015-08-03 01:00:00| Power Technology
French electric utility firm EDF has signed a $2.2bn agreement with nuclear group Areva to acquire a majority stake of up to 75% in the latter's reactor business, Areva NP.
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Liberty Global increases stake in ITV to 9.9%
2015-07-31 10:36:00| Telecompaper Headlines
(Telecompaper) Liberty Global has purchased 138.7 million shares in UK commercial broadcaster ITV. This increases its existing stake to a total of 398.5 million shares or around 9.9 percent of ITV's ordinary shares. Liberty Global CEO Mike Fries said that ITV was a well-run company with attractive growth potential. Liberty Global first acquired a stake in ITV a year ago, buying 6.4 percent from Sky for GBP 481 million. The company said it was looking to cooperate with ITV on developing content for its cable networks. Liberty Global controls the UK cable operator Virgin Media, as well as cable networks across multiple countries in Europe. It has been increasing its investments in content in the past year, buying also Belgian and Irish broadcasters.
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Vivendi sells Telefonica Brasil stake for USD 877 mln
2015-07-30 12:53:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has announced the sale of its remaining 4 percent stake in Telefonica Brasil for USD 877 million. The company's move comes a day after it agreed to exchange another 3.5 percent stake in the Brazilian operator for a 0.95 percent stake in the unit's parent company, Telefonica. Vivendi had acquired the 7.5 percent stake in Telefonica Brasil as part of the sale of its Brazilian broadband unit GVT to Telefonica, which also ceded an 8.24 percent stake in Telecom Italia to the French company. However, Brazil's competition authority CADE ruled that Vivendi couldn't continue as an indirect shareholder in Telecom Italia's Brazilian unit TIM Brasil as well as Telefonica Brasil. The French media giant has now proceeded to exit Telefonica Brasil through the share swap and sale, while becoming Telecom Italia's largest shareholder with a 14.9 percent stake.
Delta Air Lines to buy stake in China Eastern Airlines
2015-07-29 20:23:21| Airlines - Topix.net
Delta Air Lines is paying $450 million for a stake in China Eastern Airlines, a move that the carrier hopes will help it gain access to China's burgeoning travel market. The investment will give Delta a 3.55% Delta Air Lines to buy stake in China Eastern Airlines Delta Air Lines is paying $450 million for a stake in China Eastern Airlines, a move that the carrier hopes will help it gain access to China's burgeoning travel market.
Vivendi to acquire 0.95% stake in Telefonica after GVT deal
2015-07-29 15:36:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced that it has reached an agreement with French media conglomerate Vivendi to exchange 46.0 million of its treasury shares, representing 0.95 percent of its capital, for 58.4 million preferred shares in Telefonica Brasil, representing 3.5 percent of its Brazilian unit. Vivendi had acquired the shares in Telefonica Brasil as part of the sale of its Brazilian broadband unit GVT to Telefonica. In its statement to Spanish market watchdog CNMV, Telefonica said the share exchange remained subject to approval by the Brazilian competition authority (CADE). Vivendi also released a statement confirming the agreement, adding that "today's transaction reflects the group's intention to become more active in Europe and to pursue strategic partnerships there."
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