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UPDATE 2-Occidental to sell Zubair stake to Iraq's South Oil -officials
2015-11-12 03:43:47| Oil & Gas - Topix.net
Occidental Petroleum Corp , the fourth-largest U.S. oil producer, will sell its stake in the 4-billion-barrel Zubair oilfield to Iraq's state-run South Oil Company , Iraqi oil officials said on Wednesday. "Occidental asked the ministry for permission to sell its stake in Zubair field and the ministry is in the process of approving the request.
National Grid to sell stake in gas unit
2015-11-10 09:25:25| BBC News | Business | UK Edition
The UK power operator National Grid is to sell a majority stake in its gas distribution business.
Altice to sell 30% stake in Cablevision to investors
2015-10-27 08:45:00| Telecompaper Headlines
(Telecompaper) Altice announced an agreement to sell 30 percent of Cablevision to BC Partners and the Canada Pension Plan Investment Board. Altice agreed in September to buy the US cable operator for a total USD 17.7 billion. It will sell the 30 percent stake for USD 1.0 billion to the two partners, who also participated in Altice's takeover of the US cable operator Suddenlink. The shareholders agreement between Altice, BCP and CPPIB for Cablevision is on similar terms to the Suddenlink transaction announced in May, Altice said. The acquisition of Cablevision is expected to close in the first half of 2016, pending regulatory approvals.
Telenor to sell VimpelCom stake; Q3 impairment NOK 7.5 bln
2015-10-05 11:45:00| Telecompaper Headlines
(Telecompaper) Telenor Group said it is to divest its entire 33 percent stake in VimpelCom and fully focus on creating value in its core operations. Svein Aaser, chairman of Telenor's board of directors said its minority stake and lack of ability to fully control Vimpelcom had been challenging. As a result of today's announcement, Telenor will not convert its VimpelCom preference shares into common shares.
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Telenor to Sell $2.4 Billion Stake in Carrier VimpelCom
2015-10-05 09:08:01| Telecom - Topix.net
VimpelCom Ltd., exiting the third-biggest Russian wireless carrier after 16 years to focus on markets such as the Nordic region. said Monday it will explore all options for the 33 percent stake in the mobile-phone company co-owned by Russian billionaire Mikhail Fridman.
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