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Tag: stake
Exclusive - CHINA: Diageo open to Shuijingfang stake increase
2013-07-23 14:35:59| Daily beverage news and comment - from just-drinks.com
Diageo has not ruled out any future moves to up its stake in Shuijingfang, after today's green light to become the baijiu producer's largest shareholder.
Tags: open
china
increase
exclusive
Etisalat offers EUR 4.5 bln for Maroc Telecom stake
2013-07-23 09:31:00| Telecompaper Headlines
(Telecompaper) French conglomerate Vivendi and UAE-based operator Etisalat have entered into exclusive negotiations to finalise an agreement for the sale of Vivendi's 53 percent shareholding in Maroc Telecom. Etisalat's offer values the controlling stake at MAD 92.6 per share, resulting in proceeds for Vivendi of EUR 4.2 billion in cash, including the 2012 dividend of EUR 310 million. Including Maroc Telecom's net debt, the enterprise value for Vivendi's stake is EUR 4.5 billion, equal to 6.2x EBITDA. Vivendi said a final agreement still depends on consultations with works councils and an agreement between Etisalat and the Moroccan government, which is the other major shareholder in Maroc Telecom. Negotiations are also underway with Moroccan institutional investors that may invest in the operator. Pending regulatory approval, the companies aim to close the deal by the end of this year.
Tags: offers
eur
telecom
maroc
Third Point to reduce Yahoo stake
2013-07-23 05:54:09| BBC News | Business | UK Edition
Third Point LLC, the hedge fund headed by activist investor Daniel Leob, agrees to reduce its stake in Yahoo.
Tags: point
yahoo
reduce
stake
KKR to acquire 9.5% stake in Indonesia's Tiga Pilar Sejahtera Food
2013-07-23 01:00:00| Food Processing Technology
US private equity firm Kohlberg Kravis Roberts (KKR) has entered into an agreement to acquire a 9.5% stake in Indonesian snack food company Tiga Pilar Sejahtera Food (TPSF) for an undisclosed amount.
Google buys stake in Glass display maker Himax
2013-07-22 14:05:27| CNET News.com
The company will hold a 6.3 percent interest in Himax Display, a subsidiary of Himax, once the deal has closed. [Read more]
Tags: google
display
glass
maker
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