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Vivendi sells Telefonica Brasil stake for USD 877 mln
2015-07-30 12:53:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has announced the sale of its remaining 4 percent stake in Telefonica Brasil for USD 877 million. The company's move comes a day after it agreed to exchange another 3.5 percent stake in the Brazilian operator for a 0.95 percent stake in the unit's parent company, Telefonica. Vivendi had acquired the 7.5 percent stake in Telefonica Brasil as part of the sale of its Brazilian broadband unit GVT to Telefonica, which also ceded an 8.24 percent stake in Telecom Italia to the French company. However, Brazil's competition authority CADE ruled that Vivendi couldn't continue as an indirect shareholder in Telecom Italia's Brazilian unit TIM Brasil as well as Telefonica Brasil. The French media giant has now proceeded to exit Telefonica Brasil through the share swap and sale, while becoming Telecom Italia's largest shareholder with a 14.9 percent stake.
Oroton sells Brooks Brothers stake
2015-07-24 02:05:12| Apparel - Topix.net
Oroton Group is offloading its stake in Brooks Brothers' Australian operations, just two years after partnering with the global fashion brand. The luxury goods maker has agreed to sell its interest in the joint venture, which includes 13 stores, to parent company Brooks Brothers Group.
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Ryanair sells Aer Lingus stake to IAG
2015-07-10 09:43:28| BBC News | Business | UK Edition
Ryanair board members vote to accept International Airlines Group's offer for its 29.8% stake in Aer Lingus.
South Africa sells Vodacom stake for 1.7bn
2015-07-01 02:00:00| Total Telecom industry news
Treasury to use proceeds to prop up ailing power company Eskom.
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David Winters Sells Two-Thirds of Stake in Coca-Cola
2015-06-20 08:57:31| Railroads - Topix.net
Wintergreen Fund manager David Winters is a deep value investor. Like many investors, Wintergreen struggled in 2014 - not as much as some, though, with a -1.68% return for the year - but it returned nearly 17% in 2013.
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