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Irish firm buys majority stake of Quebec molder IPL

2015-07-03 17:43:33| Canadian Plastics Headlines

Purchaser is Dublin-based One51, an environmental services and plastics operator. The post Irish firm buys majority stake of Quebec molder IPL appeared first on Canadian Plastics.

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Caledonia buys majority stake in 7IM

2015-06-23 05:26:19| Trucking - Topix.net

CALEDONIA Investments has acquired a majority stake in Seven Investment Management , the wealth manager co-founded by Justin Urquhart Stewart, in a deal which values the business at 100 million. CALEDONIA Investments has acquired a majority stake in Seven Investment Management , the wealth manager co-founded by Justin Urquhart Stewart, in a deal which values the business at 100 million.

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Coke buys $2.15 billion stake in Monster

2015-06-16 00:06:21| Beverages - Topix.net

The Coca-Cola Co. and Monster Beverage Corp. closed on a previously announced strategic partnership where Coke will pay $2.15 billion to Monster and to gain a 16.7 percent stake in the energy beverage company.

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Millicom buys 85% stake in Zantel with plans to deploy 4G

2015-06-05 09:18:00| Telecompaper Headlines

(Telecompaper) Millicom has agreed to buy an 85 percent stake in Tanzanian operator Zanzibar Telecom (Zantel) from the Etisalat Group. Under the terms of the agreement, Millicom will pay a total cash consideration of USD 1 dollar and assume total debt obligations of USD 74 million. In addition, Zantel will have up to USD 32 million in net current liabilities at closing. Millicom expects the EBITDA of Zantel to reach USD 25 million through a combination of bringing new products and services to the existing customer base and delivering greater efficiencies. The acquisition agreement allows for an adjustment to the total consideration if that target is not reached by the end of 2019. Millicom intends to retain and continue to operate the Zantel brand, while delivering cash flow growth by leveraging technical and operational efficiencies. The company plans to roll out 4G coverage and access more bandwidth capacity via the undersea fibre optic cable EASSy. Millicom has arranged with a leading international bank, the provision of a USD 100 million 5-year credit facility for Zantel.

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