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Wilmar buys 27.5 pct stake in Morocco sugar firm for $263 mln

2013-04-16 08:47:51| Sugar Industry News

SINGAPORE, April 16 (Reuters) - Singapore\'s Wilmar International Ltd said it has acquired a 27.5 percent stake in Cosumar S.A., Morocco\'s sole sugar supplier, for 2.3 billion Moroccan dirhams ($263 million), expanding its sugar operations into Africa.

Tags: firm sugar morocco buys

Wilmar buys stake in sugar firm

2013-04-16 08:47:51| Sugar Industry News

Singapore - Singapore\'s Wilmar International Ltd said it has acquired a 27.5 percent stake in Cosumar S.A., Morocco\'s sole sugar supplier, for 2.3 billion Moroccan dirhams ($263-million), expanding its sugar operations into Africa.

Tags: firm sugar buys stake

Liberty Global buys 12.65% stake in Ziggo

2013-03-28 09:05:00| Telecompaper Headlines

(Telecompaper) Liberty Global has acquired a 12.65 percent stake in Ziggo, the Netherlands' largest cable operator. Liberty, which already owns the second-largest cable operator UPC Netherlands, bought 25.3 million shares in Ziggo from Barclays for EUR 25 each. Barclays was left with the shares after Ziggo's shareholders Warburg Pincus and Cinven recently sold down their stake in the company in a secondary offering. Liberty said it considered the acquisition a strategic investment as well as a financial gain, given Ziggo's expected 7.4 percent dividend yield this year. Liberty Global is funding the acquisition of Ziggo shares with a non-recourse margin loan and existing liquidity. As it does not result in Liberty Global obtaining a controlling interest in Ziggo, no regulatory approvals are required. Ziggo's board issued a statement noting the acquisition and said it will "continue to focus on executing Ziggo's strategy in the best interests of its stakeholders".

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Rosneft subsidiary buys stake from ExxonMobil in Gulf of Mexico blocks

2013-03-08 01:00:00| Offshore Technology

Rosneft said its indirect independent subsidiary, Neftegaz America Shelf (Neftegaz), has purchased a 30% stake in 20 deepwater exploration blocks held by ExxonMobil in the Gulf of Mexico.

Tags: mexico blocks subsidiary gulf