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Tag: stake
Hain Celestial acquires remaining stake in Hain Pure Protein
2014-07-18 01:00:00| Food Processing Technology
Natural and organic food products producer Hain Celestial has acquired the remaining 51.3% stake in Pegasus Capital Advisors Hain Pure Protein (HPP) that it did not already own.
Tags: remaining
pure
protein
stake
Telefonica to sell bonds to cut Telecom Italia stake
2014-07-17 08:54:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced its intention to sell EUR 750 million of bonds that can be exchanged for Telecom Italia shares, the first time it has showed a willingness to cut its stake in the incumbent Italian operator. In a statement to Spain's market regulator CNMV, Telefonica said the bonds will carry a fixed annual interest rate of between 5.25 percent and 6 percent and would mature in three years. However, they could be converted at any time before that or paid in cash if certain conditions are met. The mandatory exchangeable bond is a way for Telefonica to reduce its near 15 percent stake in Telecom Italia by about 5 percent, according to unnamed sources close to the transaction cited by Reuters. "This is a way for Telefonica to sell part of its stake in Telecom Italia while ensuring against downside risk if the shares lose value in the next three years," said one of the sources, with another adding that the exchangeable bond "is invariably going to lead people to ask what Telefonica plans to do with the rest of its stake in Telecom Italia."
Telefonica cuts Telecom Italia stake
2014-07-17 02:00:00| Total Telecom industry news
Spanish telco to sell 750 million worth of convertible bonds, reducing its stake in Telecom Italia to between 8.3% and 9.4%.
Tags: italia
telecom
cuts
stake
Equistone Partners Europe sells stake in PD&MS Energy
2014-07-17 01:00:00| Hydrocarbons Technology
Equistone Partners Europe has sold its stake in Aberdeen-based oilfield services firm PD&MS Energy to Inflexion Private Equity.
Tags: europe
partners
energy
sells
Coca-Cola, Aujan JV acquires majority stake in Lebanon's NBC
2014-07-16 23:59:28| Beverages - Topix.net
Key job tasks of general manager job description: 1. Planning administration a Provide leadership and vision to the organization by assisting the Board and staff with the development of long range and annual plans, and with the evaluation and reporting of progress on plans.
Tags: majority
stake
nbc
acquires
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