Sentences with phrase «watsa stake sale»

The stake sale of CIMB Securities International would see CIMB Group and China Galaxy run a 50:50 stockbroking joint venture outside of Malaysia.

Bharti Airtel separately said it plans to engage with potential investors to evaluate a stake sale in the combined mobile masts entity, which will have an equity value of 965 billion rupees ($ 14.5 billion), sending the carrier's stock up as much as 5.2 percent.

The Financial Times first reported the stake sale, noting that HNA had initially held 9.9 percent of Deutsche Bank but that filings showed last week its share of voting rights had fallen to 9.2 percent.

«Re-rating is imminent with the stake sale removing DRB's largest overhang, as well as a more positive outlook for Proton,» Citi said in a note late Wednesday.

It later sold back its shares to Lubetzky in 2014 in a stake sale that valued the company at $ 728.5 million.

Stake sales in Visa Europe helped, and low interest rates hurt in French retail banking.

For Flipkart, the stake sale to Walmart would give it more power to take on Amazon and provide access to a partner that has experience in retail, logistics and supply chain management.

U.S. hedge fund Elliott, which owns 7.1 percent of C&T, is opposing both the merger and the stake sale.

In November, the government changed some listing rules to allow book building, or the process of using underwriters to assess investor demand and price interest, for stake sales in state - run firms, subject to approval by the prime minister.

HFF had a strong showing in fourth place in NYC, with a performance buoyed by the $ 1.04 billion majority - stake sale of 60 Wall Street.

Closed minority - stake sales such as One Worldwide Plaza, One Liberty Plaza and 1515 Broadway valued those trophy office towers at $ 1.7 billion, $ 1.5 billion and $ 1.95 billion, respectively.

But this would be nothing new in the corporate world — «sell low, buy high» it seems... Btw I thought Promethean plc (PTH: LN) was a smart investor, but its just announced IFG Group (IFP: ID) stake sale at EUR 1.00 (vs. a EUR 1.70 + price three months ago) really takes the cake!

This is a good thing at the moment as the company has plenty of cash and is in the process of generating more (Maiden Lane III sales and potential AIA stake sale) which it hopefully will use to repurchase shares when the Treasury next sells off some of their holdings.

Which explains the sector wobble this month, when the Ross / Watsa stake sale was announced.

Following the receipt of awaited approval, HDFC has successfully completed the stake sale to Standard Life.

Along with this stake sale, the government also provided approval to a proposal of Rs. 6,050 crore, which includes Rs. 5,500 crore for the sake of fresh equity infusion by Cadila Healthcare.

The company stated in a regulatory filing that the board meeting held on 18th April approved up to a 10 per cent stake sale in HDFC Life.

At the end of Q3 of fiscal 15 - 16, Tube Investments had approved a stake sale of Rs. 882.67 crore.

This stake sale led to foreign shareholding in the company from 26 percent to 49 percent.

Earlier in FY 15 - 16, Murugappa group also had a one - time earning of Rs. 883 Crore from an earlier 14 percent stake sale in its general insurance arm — Cholamandalam MS General Insurance.

The stake sale in the health insurance segment comes when Malvinder and Shivinder Singh, the promoters of Religare are keen on disinvesting the stakes in the businesses that are specifically controlled by them.

This stake sale to Standard Life was proposed in August 2015 to happen for the said amount, as the government of India has permitted up to 49 percent FDI in the insurance sector of the country.

The company had to undergo such a drastic stake sale because of revision in the rules by the country's foreign direct investment (FDI), which had mandated up to 49 percent ownership of foreign investors in various insurance companies in India.

Three insurance firms - Max Life Insurance, Birla Sun Life Insurance and HDFC Life Insurance - have been shortlisted for the stake sale

ABNL stated that the funds generated by the stake sale will lead to a substantial decrease in the debt of the company.

HDFC has completed a 9 % stake sale in HDFC Standard Life Insurance Company to its British joint venture partner (JV) Standard Life for a little over Rs 1,700 crore.

Post the said stake sale, HDFC and ERGO will hold 50.73 % and 48.74 % of the paid - up shares capital of HDFC ERGO, respectively, the release said adding that HDFC ERGO remains a susbidiary of HDFC.

Three insurance firms - Max Life Insurance, Birla Sun Life Insurance and HDFC Life Insurance - have been shortlisted for the stake sale, sources said.

Not exact matches

Canadian pre-tax profits were US$ 9.1 million, down from US$ 20.9 million the prior year quarter when it gained US$ 8.1 million from a price adjustment on the sale of its stake in the Montreal Canadiens.

Activist investor Jana Partners has accumulated an 8.8 percent stake in Whole Foods and wants the organic market to explore a possible sale, according to a Monday regulatory filing.

The company has already put at least $ 850 million toward debt reduction from the sale of a gold mine in Australia, and a portion of its stake in the Porgera mine in Papua New Guinea to Chinese company Zijin Mining Group.

Altaba was created amid Yahoo's sale to Verizon as a vehicle for stakes in Yahoo Japan and Alibaba.

Activist investment fund Jana Partners acquired a 5 % stake in Time Inc. earlier this year, and the fund is said to be interested in pushing for either an improvement in the company's financial picture or a sale.

Big private car retailer DVG Automotive Group has released its results for the 2015 financial year, showing a tightening economy had not significantly hit its sales ahead of the sale of a majority stake to Japanese interests.

Shopping centre owner Centro Retail Australia is in discussions with investors regarding the sale of 50 per cent stakes in three of its shopping centres, including Morley's Galleria.

• Blackstone and Thomson Reuters Corp are considering an IPO or sale of their stake in Tradeweb Markets LLC, according to Bloomberg.

The transaction — which Laliberte said wasn't a «fire sale» at a reported value of around $ 1.5 billion — will also see partner Dubai World sell its 10 per cent stake.

Now, with a majority interest in Skype slated to be sold to a collection of private investors, they're using their stake in Joltid to try to block the sale and recover millions of dollars in what they say are lost profits.

Both my partner and I have been burned at past sales jobs, and we have staked our company on treating salespeople fairly and consistently.»

While O'Leary emphasized in his sales pitches that he, too, was an investor, the filing notes his personal stake in the funds transferred to Canoe amounted to less than 1.2 per cent.

The buyout price represents a 39 percent premium to PetSmart's closing price of $ 59.81 on July 2, the day before Jana disclosed its stake and called for PetSmart to explore a sale.

Activist investor Jana Partners LLC began pushing for a sale after disclosing a 9.9 percent stake in PetSmart in early July.

The statement said the government would be able to stop the sale of EDF's controlling stake before completion, without the prior notification and agreement of ministers.

Perth - based Paladin Energy has settled the sale of a 25 per cent stake in its flagship Langer Heinrich uranium mine in Nambia, under a deal originally announced to the market in January this year.

Legend Mining has sold its stake in gold and nickel miner Independence Group for $ 4 million, with the local explorer netting about $ 2.5 million profit from the sale.

Arnaud Lagardere, who has a stake of some 7 percent in Lagardere's share capital, also told the company's annual shareholding meeting on Thursday that Lagardere would re-invest proceeds from recent asset sales back into its core business.

Rox Resources» joint venture partner Teck Australia has voiced concern today with the company's proposed sale of its stake in the Reward zinc - lead project to Marindi Metals, after competing bidder IM Medical said last week an exclusivity agreement had been breached.

Similarly, the New Zealand government blocked the sale of a $ 1.4 - billion partial stake in the Auckland International Airport to the Canada Pension Plan Investment Board.

The previous year's result was boosted by the sale of stakes in Arrow Energy and the Lenton coal project in Queensland.

Steve Ridgeway, Virgin Atlantic's chief executive, told Bloomberg News that Sir Richard is unlikely to relinquish control of Virgin Atlantic as part of a possible sale of Singapore's 49 % minority stake.