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Tag: stake
Government sells 6% stake in Lloyds
2013-09-17 08:23:55| BBC News | Business | UK Edition
The government has sold a 6% stake in Lloyds Banking Group, raising 3.2bn.
Tags: government
sells
stake
lloyds
Omantel says govt plans to sell 19% stake
2013-09-17 02:00:00| Total Telecom industry news
Government currently owns 70% of Omani operator.
Pacific Energy to acquire stake in Aral Petroleums Kazakhstan assets
2013-09-17 01:00:00| Hydrocarbons Technology
Pacific Energy Development will acquire a 34% indirect interest in Aral Petroleum Capital's Aktobe Oblast oil and gas assets in western Kazakhstan.
Tags: energy
pacific
assets
acquire
Tencent buys stake in Sogou search engine
2013-09-16 17:02:00| Telecompaper Headlines
(Telecompaper) Tencent announced an agreement to take a minority stake in the internet search engine Sogou. Tencent will pay USD 448 million for preference shares giving it 36.5 percent of the capital and 20.6 percent of voting rights in Sogou, the Chinese search engine owned by Sohu.com. As part of the deal Tencent's own search business, Soso will be merged with Sogou. Tencent and Sogou also agreed to cross-promote each other's products and collaborate on developing new services. Sogou Pinyin and Sogou Search will gain direct access to the user base of Tencent's online and mobile social communities, including the popular WeChat app. Sogou will use the proceeds of the sale to pay a special dividend to shareholders of USD 301 million.
Tags: search
engine
buys
stake
Icahn Sells Stake in Hain Celestial\n
2013-09-16 07:00:00| Happi Breaking News
High-profile investor had once been largest shareholder.
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