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AES dumps its stake in Turkish joint venture, continuing its exit from overseas operations

2014-10-13 16:26:30| Energy - Topix.net

AES is selling its stake in a Turkish joint venture for $125 million as the Virginia utility continues its retreat from overseas markets. CEO Andres Gluski said that the sale is part of the company's strategy to streamline its portfolio and exit markets where it doesn't hold a competitive advantage.

Tags: operations joint exit continuing

 

VIDEO: UK government to sell Eurostar stake

2014-10-13 14:50:47| BBC News | Business | UK Edition

The UK government is seeking buyers for its 40% stake in the cross-Channel train operator Eurostar to help boost the public finances but Labour warns against a "rushed" sell-off.

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Tengram Capital buys stake in Italy's Luciano Barbera

2014-10-13 12:06:23| Daily apparel & textile news and comment - from just-style.com

Tengram Capital Partners has acquired a majority stake in Italian luxury apparel brand Luciano Barbera.

Tags: capital buys stake buys stake

 

Exclusive - Reliance seeks sale of Eagle Ford stake for up to $4.5 billion: sources

2014-10-11 18:43:02| Oil & Gas - Topix.net

Pioneer, which has about 230,000 acres in the Eagle Ford Basin according to its website, sold a 45 percent interest in the property to Reliance for $1.2 billion in 2010. The Eagle Ford Basin asset is a three-way joint venture between Mumbai, India-based Reliance; Irving, Texas-based Pioneer, and a division of Mexico's Alpha SAB de CV to help sell its 45 percent stake, the sources said, asking not to be named because the matter is not public.

Tags: to sale sources exclusive

 

Abraaj buys majority stake in Libstar

2014-10-09 01:00:00| Food Processing Technology

UAE-based private equity firm The Abraaj Group has acquired a majority stake in Liberty Star (Libstar), a South African food and personal care goods manufacturer.

Tags: majority buys stake majority stake

 

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