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UPDATE 1-United Airlines to pay $100 mln for Azul stake, for foothold in Brazil
2015-06-27 00:27:28| Airlines - Topix.net
United Airlines has agreed to pay $100 million for a 5 percent stake in Azul SA, Brazil's third-biggest airline, as it attempts to catch up with U.S. rivals with more established ties in South America's biggest air travel market. Azul's founder and chief executive, David Neeleman, who also founded JetBlue Airways Corp, announced the deal on Friday.
Vivendi becomes top Telecom Italia investor with 14.9% stake
2015-06-25 08:38:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has confirmed that it has increased its stake in Telecom Italia to 14.9 percent and replaced Telefonica as the Italian operator's largest shareholder. "This investment represents an opportunity for the group to be present and to expand in a market with significant growth prospects and a very strong appetite for quality content," said Vivendi, adding that it intends to support Telecom Italia over the long term. The French group said it had received 8.24 percent of Telecom Italia shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT, which closed on 28 May. In addition, Vivendi raised its ordinary shares in Telecom Italia from a "recently purchased" 1.9 percent to 6.66 percent on 22 June, representing a global cash payment of around EUR 1 billion.
Tags: top
italia
investor
telecom
Vivendi ups Telecom Italia stake
2015-06-25 02:00:00| Total Telecom industry news
French media group firmly back in telecoms after becoming Italian incumbent's biggest single shareholder.
Tags: italia
ups
telecom
stake
News guide: What's at stake in battle over Hawaii telescope
2015-06-24 19:46:19| Airlines - Topix.net
After discussions stalled construction, work on the Thirty Meter Telescope is set to resume Wednesday. Protesters plan to try to stop it and are prepared for possible arrests.
Tags: news
guide
battle
hawaii
Wesfarmers makes $US100m oil and gas play, grabs Quadrant Energy stake
2015-06-24 11:42:48| Agriculture - Topix.net
Wesfarmers chief executive Richard Goyder says it is an attractive investment opportunity that exposes the conglomerate to profit and appreciation from the assets. Perth conglomerate Wesfarmers has made its first acquisition in oil and gas production, snaring a chunk of Quadrant Energy for $US100 million .
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