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Li & Fung sells Logistics stake as spin-off postponed

2019-07-01 15:46:00| Daily apparel & textile news and comment - from just-style.com

Sourcing giant Li & Fung has sold a 21.7% stake in its logistics business for US$300m to Singapore-headquartered investment company Temasek, as plans for a proposed spin-off IPO of the segment are postponed until further notice.

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Last week in media: comScore under pressure, Vivendi calls off UMG stake sale

2019-07-01 07:00:00| Telecompaper Headlines

(Telecompaper) Weakness at some of the biggest media companies drove the Telecompaper Stock Index Global Consumer Media down in week 26. Alphabet was off 3.7 percent, Comcast was down 2.9% and Netflix and Walt Disney lost 0.5 and 0.4 percent. AT&T's 3.3 percent gain and Facebook's 1.0 percent couldn't prevent our index from ending the week down 0.8 percent. The S&P 500 index lost 0.3 percent. The best performing media stocks were Electronic Arts (+6.2%) and Bilibili (+5.4%).

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Orange sells remaining stake in BT for GBP 486 mln

2019-06-28 10:16:00| Telecompaper Headlines

(Telecompaper) Orange has completed the sale of its residual participation in BT Group for a net amount of GBP 486 million. The company said that it would sell approximately 248 million BT shares through a private placement, representing around 2.5 percent of the group's share capital, with settlement planned for 02 July. Of the total shares, around 41 million have been acquired by BT. Orange had previously said that BT would participate in the sale with a GBP 80 million irreducible order at the placement price.

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Orange prepares to sell off 495m stake in BT

2019-06-28 02:00:00| Total Telecom industry news

Orange Group has announced that it is to sell off its remaining 2.5 per cent stake in the UK’s incumbent telco, BT. Orange Group’s stake in BT is currently valued at around £…read more on TotalTele.com »

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Magellan Midstream Reportedly Seeking Sale Of Longhorn Pipeline Stake

2019-06-25 22:35:09| OGI

Magellan Midstream is working to sell a 35% stake in a new business unit which will contain the Longhorn pipeline and some storage assets, Reuters reported citing unnamed sources.

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