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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.
Tags: logistics
sells
stake
postponed
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.
Tags: orange
remaining
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sells
AT&T sells off stake in Hulu
2019-04-16 02:00:00| Total Telecom industry news
AT&T has sold its minority stake in online content streaming service provider, Hulu, for $1.43 billion. AT&T offloaded its 9.5 per cent stake in the company…read more on TotalTele.com »
AT&T sells Hulu minority stake back to Hulu
2019-04-16 00:00:19| Digital TV News
AT&T (NYSE:T) and Hulu have announced an agreement by which AT&T has sold its minority stake in Hulu back to the streaming video joint venture. The transaction valued Hulu at $15 billion, with AT&T's 9.5% interest valued at $1.43 billion.
Foley Family Wines buys NZ wine company, sells unit stake to Kirin Holdings
2018-06-05 14:14:00| Daily beverage news and comment - from just-drinks.com
The New Zealand division of US-based Foley Family Wines has sold a stake to Kirin Holding's Lion unit to part-fund its purchase of Otago's Mt Difficulty Wines.
Tags: company
family
unit
wine
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