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Indian government to sell off 5% stake in Steel Authority of India
2014-12-04 05:11:31| Steel - Topix.net
Notice of Offer for Sale of equity shares of Steel Authority of India Limited by its Promoter, the President of India, acting through the Ministry of Steel, Government of India, through the stock exchange mechanism The government said in the Dec. 3 filing that it is selling up to 206,526,264 shares with a face value of 10 Indian rupees each. Under the offer, 10% of the shares have been set aside for retail investors, who can subscribe for shares worth up to 200,000 rupees at a 5% discount to the bid price.
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India Set to Sell Stake in Steelmaker on Friday
2014-12-03 20:57:14| Steel - Topix.net
India will sell a 5% stake in the Steel Authority of India Ltd. on Friday, launching the government's plans to raise $10 billion by unloading stakes in state-run companies. The steelmaker said in a regulatory filing that the government will sell the stake through an auction of shares on Indian stock exchanges.
Visteon agrees to sell stake in S.Korean unit -reports
2014-11-24 05:27:48| Automakers - Topix.net
U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell all of its stake in South Korean unit Halla Visteon Climate Control Corp, according to reports in local media, sending Halla Visteon shares sliding to their lowest levels in over six months. One paper, Korea Economic Daily, said on Monday Visteon plans to sign a final deal to sell its 69.99 percent stake in Halla Visteon to South Korean private equity firm Hahn & Company next month.
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Telefonica to sell China Unicom stake for USD 875 mln
2014-11-10 15:22:00| Telecompaper Headlines
(Telecompaper) Telefonica is looking to sell around half of its five percent stake in Chinese mobile operator China Unicom for as much as USD 875 million. The Spanish group is offering 597.8 million China Unicom shares at HKD 11.14 to HKD 11.34 each, according to Bloomberg, which represents a 1.2 percent to 3 percent discount on the Chinese operator's last closing price in Hong Kong. Telefonica has been present in the Chinese telecommunications market since 2005 when it first acquired a 3 percent stake in China Netcom, which was then sold to Unicom in 2008. The Spanish operator then increased its stake in China Unicom to almost 10 percent in 2011 before selling around half of its shareholding in June 2012 for some USD 1.4 billion. Over the past two years Telefonica has been divesting businesses in countries such as Ireland and the Czech Republic to raise funds for acquisitions in core markets including Germany and Brazil.
October's top stories: Chevron to sell stake in Duvernay shale play, Saipem wins $2bn contracts
2014-11-05 01:00:00| Hydrocarbons Technology
Chevron has agreed to sell 30% stake in its Duvernay shale play for $1.5bn, and Saipem has secured around $2bn worth of engineering, construction and drilling contracts in the Middle East and Latin America. Hydrocarbons Technology wraps up the key h
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