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Masmovil confirms acquisition of minority stake in Nowo, Oni owner

2019-08-21 15:26:00| Telecompaper Headlines

(Telecompaper) Spanish operator Masmovil has confirmed plans to acquire a minority stake in Cabonitel, the owner of the Portuguese operators Nowo and Oni, in its first expansion abroad. The company said it will invest less than EUR 15 million and act as an industrial partner for the Portuguese operator.

Tags: owner acquisition minority stake

Masmovil set to expand to Portugal with stake in Nowo - report

2019-08-20 15:05:00| Telecompaper Headlines

(Telecompaper) Spanish operator MasMovil is preparing to enter the Portuguese market. The company has reached an agreement to acquire a stake in the Portuguese operators Nowo and Oni from KKR for EUR 15 million, market sources told Spanish paper El Economista. The Portuguese competition regulator has already been notified of the transaction, the report said.

Tags: set report portugal expand

Li & Fung completes US$300m sale of LF Logistics stake

2019-08-20 13:01:00| Daily apparel & textile news and comment - from just-style.com

Sourcing giant Li & Fung has completed a deal to sell a 21.7% stake in its logistics business for US$300m to Singapore-headquartered investment company Temasek.

Tags: sale logistics stake completes

Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide

2019-08-12 11:14:10| OGI

Saudi Aramco reported a 12% fall in half-year net profit on Aug. 12, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.

Tags: buy reports slide saudi