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Vimpelcom exits Canadian market, sells Wind Mobile stake

2014-09-16 08:32:00| Telecompaper Headlines

(Telecompaper) VimpelCom is exiting the Canadian market and has agreed to sell its local operator Wind Mobile. VimpelCom and Global Telecom Holding have agreed to sell all of their debt and equity interest in Wind's holding company Globalive to the company's management and a number of investment funds for CAD 135 million. Wind CEO Anthony Lacaveraalready has a third of the equity and two-thirds of the voting rights in the company, through his company Globalive Capital, which is leading the takeover. Wind last reported  The proceeds will go to VimpelCom in repayment of part of the debt owed the company. At the same time, GTH will be released from all of its obligations under the related shareholders agreement and certain debt obligations of Wind Canada. The transaction is expected to close shortly. 

Tags: market mobile wind canadian

 

Glenview's Larry Robbins Adds to Stake in Watchmaker Fossil

2014-09-16 06:59:10| Jewelry - Topix.net

Glenview Capital Management's Larry Robbins , the top-performing hedge fund manager last year, reported on Monday adding shares to his stake in Fossil Group Inc. , according to GuruFocus Real Time Picks . Robbins purchased 582,100 shares of the company, increasing his total holding to 3,255,738 shares.

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Mitsubishi to acquire 20% stake in Ivory Coast offshore oilfield

2014-09-16 01:00:00| Offshore Technology

Mitsubishi has agreed to acquire a 20% ownership interest in an offshore oilfield offshore Ivory Coast from Anadarko Petroleum.

Tags: coast mitsubishi acquire offshore

 

China Sinopec unit to sell 30% stake

2014-09-15 10:06:51| Oil & Gas - Topix.net

Chinese oil giant Sinopec will sell a 30 per cent stake in its marketing arm to outside investors for more than US$17 billion, the company said, as the government pushes key economic reforms. File photo: A worker walks past an oil refinery of China's Sinopec, in Wuhan, central China's Hubei province.

Tags: china sell unit stake

 

Sinopec sells stake for $17.5bn

2014-09-15 08:57:51| BBC News | Business | UK Edition

Sinopec strikes a deal with 25 local and foreign investors to sell 30% of its retail arm in a deal valued at $17.5bn.

Tags: sells stake sinopec sells stake

 

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