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Telia, Turkcell sell stake in Azercell to Azintelecom for EUR 222 mln

2018-03-05 11:15:00| Telecompaper Headlines

(Telecompaper) Fintur Holdings, jointly owned by Telia Company and Turkcell, has agreed to sell its 51.3 percent holding in Azertel, sole shareholder of Azerbaijan's biggest mobile operator Azercell, to the Azerbaijan state-owned operator Azintelecom. The agreed price is EUR 222 million.

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Arla Foods to sell 8% stake in Vigor to Lala

2017-11-06 01:00:00| Food Processing Technology

Arla Foods is all set to sell its 8% stake in Brazilian dairy company Vigor to Mexicos Grupo Lala for an undisclosed sum.

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Ontario Teachers' to sell 30% stake in two UK airports

2017-11-02 01:00:00| Airport Technology

Canadas Ontario Teachers' Pension Plan has entered a definitive agreement with Australia's New South Wales Treasury (TCorp) and Sunsuper Superannuation Fund to divest its 30% shares in UKs Bristol and Birmingham airports.

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South African government confirms plan to sell unspecified stake in Telkom

2017-10-26 09:54:00| Telecompaper Headlines

(Telecompaper) Finance Minister Malusi Gigaba has announced that the South African government will be selling some of its shares in Telkom to meet budget requirements, as expenditure is estimated to overshoot its targets by ZAR 3.9 billion, BusinessTech reported. According to Gigaba, sluggish economic growth in 2017 has caused a significant reduction in the tax revenue outlook, which has eroded the government's fiscal position.

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