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Ryanair told to sell Aer Lingus stake

2015-06-11 10:20:25| BBC News | Business | UK Edition

Low-cost airline Ryanair has been ordered to sell most of its shares in its Irish rival Aer Lingus by the Competition watchdog.

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Indonesias Pertamina looks to buy stake in Abadi FLNG project

2015-06-11 01:00:00| Offshore Technology

Indonesian state-owned oil and natural gas company Pertamina is reportedly considering buying a stake in the Abadi floating liquefied natural gas (FLNG) project located in the 3,221km Masela block in the Arafura Sea.

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Spotify raises USD 526 mln, sells stake to TeliaSonera

2015-06-10 10:03:00| Telecompaper Headlines

(Telecompaper) TeliaSonera said it has made an equity investment into Spotify of USD 115 million and that it has extended its cooperation with the music streaming company after working together five years. Under the new strategic partnership, TeliaSonera paid USD 115 million for a 1.4 percent stake. Both companies are also committing resources, staff and other assets to ignite their joint innovation agenda within areas such as media distribution, customer insights, data analytics and advertising. A joint TeliaSonera-Spotify team will be set up to run the projects. Spotify recently raised USD 526 million during its latest funding round, the Wall Street Journal reported. The round values the company at USD 8.53 billion, sources said. Spotify wants to invest in expansion and new forms of content as it faces a growing set of challengers.

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TeliaSonera takes Spotify stake

2015-06-10 02:00:00| Total Telecom industry news

Deal values music streaming service at $8.2 billion; companies to work together on media distribution, data analytics, advertising.

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Aecon sells 45.5% stake in Quito Airport for $232.6m

2015-06-10 01:00:00| Airport Technology

Canada-based construction and infrastructure company Aecon Group is selling its 45.5% stake in Ecuadors Quito International Airport concessionaire, Corporacin Quiport, for $232.6m.

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