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Telstra sells 70% stake in Sensis

2014-01-13 00:30:00| Telecompaper Headlines

(Telecompaper) Australia's Telstra has entered into an agreement to sell a 70 percent stake in its directories business, Sensis. Telstra will sell the stake to US based private equity firm, Platinum Equity for AUD 454 million. The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain a 30 percent shareholding. The sale proceeds are incremental to Telstra's FY14 free cashflow guidance of AUD 4.6 to 5.1 billion. Telstra expects to book an accounting loss on Sensis of approximately AUD 150 million subject to completion timing and adjustments.

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Inversiones Mundial sells stake in JV firms to Sun Chemical

2014-01-07 01:00:00| Packaging Gateway

Inversiones Mundial has sold the remaining stake in its joint venture (JV) firms Tintas and Sinclair, which supply printing inks and related graphic arts products to the packaging sector, to Sun Chemical.

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Mondelez sells majority stake in SnackWell's to Brynwood company

2014-01-03 01:00:00| Food Processing Technology

US food and beverage firm Mondelez International has sold a majority stake in its SnackWell's cookies and snacks business to Back to Nature Foods, a portfolio company of Brynwood Partners VI.

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