Sentences with phrase «cent stake for»

Standard Life will be acquiring the extra 9 per cent stake for more than Rs 1,700 crore.

Ghosh said there are no plans to move ahead with IPO or any other fund raising following Nippon picking up 26 per cent stake for Rs 3,000 crore in the company.

Mr Usmanov, who hails from what is now Uzbekistan, first acquired shares in Arsenal in 2007, when he teamed up with Farhad Moshiri to purchase a 14.6 per cent stake for # 75m.

Investors said the board refused to engage when Wilmar made an informal 60 cents - a-share proposal in mid-2012, shortly after snapping up a 10.1 per cent stake for about 58 cents a share.

Equity firm TPG is acquiring a 60 per cent stake for an undisclosed price.

Not exact matches

Constellation Brands, the owner of Corona and a large number of wine and spirits labels, purchased a 9.9 per cent stake in Canopy Growth Corp. for $ 245 million this week.

Prime position for Seven Kerry Stokes's Seven Network is to make a major expansion into regional television, taking a stake of about 15 per cent in Prime Media Group, the debt - riddled regional affiliate of Seven's metropolitan TV operations.

On Wednesday, the board announced it had purchased a 15 per cent stake in ORPEA S.A., a long - term care provider in Europe, for approximately $ 468.2 million.

Meanwhile, Linton said Canopy has already begun collaborating on cannabis - based drinks with Constellation Brands since the Corona - beer maker signed a deal to acquire a nearly 10 - per - cent stake in the licensed producer for $ 245 million in October.

West Perth - based junior miner African Energy Resources has farmed out a 51 per cent stake in its Sese coal and power project in Botswana to a Vancouver - based firm for $ 8 million.

Mineral Resources announced today that it plans to use its 12 per cent stake in Aquila Resources to push for a role building and operating the proposed $ 7 billion West Pilbara iron ore project.

Subiaco - based Mission NewEnergy has sold its Kuantan Port biodiesel refinery for $ 24 million to a newly formed joint venture company in which it will retain a 20 per cent stake.

Iron ore explorer Gindalbie Metals has detailed a $ 586 million loss for the financial year, which was previously flagged on the back of a write - down of its 48 per cent stake in the Karara project.

Metals X has agreed to acquire a 25 per cent stake in Tanami Gold's Central Tanami gold project in the Northern Territory for $ 11 million in cash and 4 million shares.

TPG Telecom has lifted its stake in Amcom Telecommunications to 19.9 per cent, making it harder for Amcom to win approval at next week's shareholder meeting for its planned merger with Vocus Communications.

Billionaire investor Carl Icahn revealed Monday — in both a U.S. regulatory filing and on Twitter — that he has bought more than 61.5 million shares of Talisman for a 5.97 per cent stake.

For example, Sinosteel had to sell a mining project in Cameroon in which it had a 97.5 per cent stake in 2008 because of poor government efficiency, the report said.

October 2007: Facebook agrees to sell a 1.6 per cent stake to Microsoft for $ 240 million and forges an advertising partnership.

Its latest deal was the offloading this week of its 62 per cent stake in corporate bookmaker CrownBet for $ 150 million to Canadian company The Stars Group.

The company owns and operates portals likes Bikedekho.com, Cardekho.com and Pricedekho.com, and will receive the investment from Sequoia for a 20 per cent stake, reported The Times of India.

The Australian office is known as the marketing hub for the Asia - Pacific region, from which Uber recently made a dramatic retreat when it sold its south - east Asian ridesharing business to Indonesian competitor Grab, albeit retaining a 27.5 per cent stake in the acquirer.

The $ 5 billion Canadian online poker and gambling giant has emerged with an 80 per cent stake of a combined CrownBet and William Hill corporate bookmaking business that will take on Tabcorp and Sportsbet in the heated battle for Australian punters.

Foreign direct investment (FDI)-- usually defined as an ownership stake of 10 per cent or more — is where things get sticky for Canada.

Crown, in which Mr Packer owns a stake of about 47 per cent, announced on Wednesday morning he was leaving the casino and resort giant's board immediately for personal reasons.

Last year, Bombardier received a US$ 1 - billion investment for the CSeries passenger jet program from the Quebec government in exchange for a 49.5 - per - cent stake.

The company also sold a 30 per cent stake in its railway division to pension fund manager Caisse de depot for US$ 1.5 billion.

This brings CPPIB's total investment in the platform to C$ 328 million, for a 49 per cent stake.

Avista owns a 15 - per - cent - stake in two of the four units at the Colstrip plant in Montana — a major coal - mining state — and plans to use them for electricity production until 2035, said a spokesperson for the company that also operates hydroelectric dams, natural gas and biomass generating plants and wind turbines.

But critics said Ontario, which sold a majority of shares in Hydro One to raise money for transportation infrastructure and now owns a 49 per cent stake, is taking a step backward with the deal.

Just Eat hit the headlines in May 2015 after outlaying $ 855 million for Menulog, which was 55 per cent owned by co-founder Leon Kamenev and 25 per cent owned by online retailer Catch Group, which sold a similar business, EatNow, to Menulog earlier in 2015 in return for an equity stake.

Exxon also sold its 50 per cent stake in Western Australia's Scarborough gas project to Woodside Petroleum for $ US444 million ($ 586 million).

2nd January 2018 - Euronext closes share swap of its current 2.3 per cent stake in LCH Group for an 11.1 per cent stake in LCH SA

CHAMP acquired its 80 per cent stake from United States alcoholic beverage giant Constellation Brands in February 2011, for almost $ 300 million.

Blackmores in its accounts also recorded a net loss for 2016 - 17 on its 50 per cent stake in Bemore of $ 6.96 million, compared with a loss of $ 814,000 in the first year of operation when the joint venture was still in its infancy.

Accolade is still 20 per cent owned by New York Stock Exchange - listed Constellation Brands which bought the entire wine business for $ 1.9 billion in 2003 when it was known as BRL Hardy, and then sold down most of its stake in 2011 for a much lower multiple after a sustained slump in profits as the high Australian dollar hit profit margins on exports.

Ms Beer was talking to advisers in mid-2015 about potential options for a full listing of the business on the ASX, but has opted for the sale of a 48 per cent stake.

Bindaree agreed in October to sell a 45 per cent stake to Shandong Delisi Food for $ 140 million.

Canadian dairy giant Saputo has extended its takeover offer for Warrnambool Cheese and Butter and lifted its stake in the target to more than 21 per cent.

Analysts dismayed at the extent of CCA's profit slide in the last two years are divided over the strategy, which also includes a plan to sell a 30 per cent stake in Indonesia in return for $ 570 million cash to spend on capex and market development.

CHAMP acquired its 80 per cent stake stake in Accolade Wines for just under $ 300 million in February, 2011.

But the Maggie Beer Products operations have been struggling, with Primary Opinion taking a knife to the carrying value of its 48 per cent stake after it bought the holding for $ 15 million.

CHAMP acquired its 80 per cent stake from US drinks giant Constellation Brands in early 2011 for just under $ 300 million.

CCA sold a 29.4 per cent stake in the Indonesian business to parent company The Coca - Cola Co for $ US500 million ($ 681,000, originally $ 570 million) last year to fund accelerated capital expenditure and market development.

Celebrity chef Maggie Beer and her husband Colin still control the Maggie Beer Products business, but sold the 48 per cent stake last year for $ 15 million to Primary Opinion, as part of a succession planning strategy.

In July, an agreement was signed over a strategic alliance with Raiffeisen - holding Niederosterreich - Wien, majority shareholder of the Austrian company Nom, involving the purchase by Parmalat of a 25 per cent stake in the Austrian dairy group for $ 30 million.

In the April update, a2 said it was working with Synlait Milk - it has an 8.2 per cent stake - to increase supply for the rest of the financial year to meet rising demand for its Platinum infant formula product.

Despite his lofty local ambitions, for the time being Mr Saputo will have to be content with only having 88 per cent control of dairy processor WCB, with Kirin - backed brewer Lion clinging to a 10 per cent stake and refusing to sell.

US drinks giant The Coca - Cola Co will invest $ US500 million in Indonesia in return for a 29.4 per cent equity stake in Coca - Cola Amatil's Indonesian business.

GrainCorp's sale of its stake in Allied Mills will dilute earnings by about 4 per cent but provide some relief for the company's balance sheet.

Primary Opinion paid $ 15 million for the 48 per cent stake in mid-2016.