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Iliad founder Niel buys 11% stake in Telecom Italia

2015-10-29 15:29:00| Telecompaper Headlines

(Telecompaper) French billionaire Xavier Niel, founder of internet provider Iliad, has acquired the equivalent of an 11.2 percent voting stake in Telecom Italia, according to a filing with Italian markets regulator Consob. The development comes just a few days after French media conglomerate Vivendi, led by fellow billionaire Vincent Bollore, boosted its stake in Telecom Italia to just over 20 percent of the company's ordinary shares. Niel acquired a stake of around 6 percent via a personal investment company and an additional 5 percent through derivatives, according to unnamed sources cited by Bloomberg. Iliad is the parent company of French mobile operator Free, which has transformed the local telecoms sector since launching in 2012 with a low-tariff policy that has led to a 40 percent fall in prices. Niel has also invested in mobile operations in Switzerland (Orange) and Monaco (Monaco Telecom) in recent years. 

Tags: italia telecom founder buys

 

Economic official expects business as usual if Dow Chemical buys Corning's stake in Dow Corning

2015-10-28 10:20:10| Telecom - Topix.net

If Dow Chemical Co. buys out Corning Inc.'s stake in Dow Corning Corp., it would have a big impact on Bay County and the Great Lakes Bay Region.

Tags: business official economic chemical

 
 

Economic official expects business as usual if Dow Chemical buys Corning's stake in Dow Corning

2015-10-28 08:43:05| Chemicals - Topix.net

If Dow Chemical Co. buys out Corning Inc.'s stake in Dow Corning Corp., it would have a big impact on Bay County and the Great Lakes Bay Region.

Tags: business official economic chemical

 

Economic official expects business as usual if Dow Chemical buys Corning's stake in Dow Corning

2015-10-28 08:23:50| Electronics - Topix.net

If Dow Chemical Co. buys out Corning Inc.'s stake in Dow Corning Corp., it would have a big impact on Bay County and the Great Lakes Bay Region.

Tags: business official economic chemical

 

Delek Group Unit Buys Ithaca Stake to Expand Global Activity

2015-10-11 23:10:19| Energy - Topix.net

An unnamed, wholly-owned subsidiary of Delek signed a binding investment agreement with Ithaca, which is traded on the Toronto Stock Exchange and London's Alternative Investment Market, Delek Group said in a statement on Oct. 9. The acquisition, financed through Delek's own resources, would make the unit the largest shareholder in Ithaca. Delek said it could increase its stake in Ithaca "as appropriate."

Tags: group global unit activity

 

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