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Tag: stake
KOSOVO: Lasko Group sells off majority stake in Birra Peja
2014-07-16 18:40:00| Daily beverage news and comment - from just-drinks.com
Lasko Group, the parent company of Slovenia's Pivovarna Lasko brewer, has sold a 57.6% stake in Kosovo-based Birra Peja.
Tags: group
majority
sells
stake
Spirit Airlines Incorporated (SAVE): Lone Pine Capital Discloses New 6% Stake
2014-07-16 14:06:39| Airlines - Topix.net
Lone Pine Capital , managed by Stephen Mandel , has revealed a new position in Spirit Airlines Incorporated .
Tags: save
capital
spirit
incorporated
Portugal Telecom agrees smaller stake in Oi merger
2014-07-16 09:31:00| Telecompaper Headlines
(Telecompaper) Portugal Telecom has agreed to a smaller stake in its merger with Brazil's Oi, after Rioforte defaulted on its debt owed to PT. The company confirmed that Rioforte, a company of Espirito Santo Group (GES), failed to pay the EUR 847 million due on 15 July, of the EUR 897 million in short-term debt outstanding at PT. Espirito Santo holds a 10 percent stake in PT, and the Portuguese operator has defended the investment as treasury management. The Rioforte debt is held in subsidiaries contributed to Oi in May, but two representatives of the Brazilian group stepped down from the PT board after the risky nature of the debt came out due to GES financial problems. The two operators have now agreed to a series of options to reapportion the debt across the two groups and revise their new shareholdings, in order to complete the merger as soon as possible. Portugal telecom shareholders will hold just 25.6 percent in the merger company CorpCo, down from as much as 39.6 percent under previous agreements. This could increase later if any of the Rioforte debt is recovered. PT said it plans to take legal action against GES, with the support of Oi.
Tags: portugal
smaller
telecom
agrees
Portugal Telecom cuts stake in renegotiated Oi merger
2014-07-16 02:00:00| Total Telecom industry news
Portuguese, Brazilian telcos renegotiate the terms of their planned merger after Rioforte defaults on debt repayment.
Tags: portugal
telecom
cuts
merger
Bharti Enterprises sells stake in Beetel Teletech to Brightstar
2014-07-15 16:15:09| Telecom - Topix.net
Bharti Enterprises today sold majority stake in its telecom manufacturing and distribution arm Beetel Teletech to US-based global distribution firm Brightstar for an undisclosed sum.
Tags: enterprises
sells
stake
bharti
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