Sentences with phrase «cent stake from»

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

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

Not exact matches

After PayPal: After earning $ 55 million from his 3.7 per cent stake in the eBay deal, Thiel immediately founded hedge fund Clarium Capital, a global macro hedge fund and made the ludicrously savvy decision to angel invest $ 500,000 in fledgling social network Facebook.

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.

Deripaska is reported to have offered to trim the EN + stake to something less than 50 per cent and to resign from the board.

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 has been successful, however, raising capital and securing key partnerships, including a $ 55 million investment from Aurora Cannabis Inc., which took a 17.6 per cent stake in TGOD in January.

But it attracted some criticism from loyalists in its New York home market in 2016 when the owners sold a 24.5 per cent stake to Japanese conglomerate Kirin.

It bought the stake from the United State - based alcoholic beverages giant Constellation Brands, which still owns 20 per cent.

Lion has so far refused to sell the stake, preventing Saputo from lifting its holding to 100 per cent.

Wellington increased its stake from 5.7 per cent to 6.8 per cent in February.

French giant Danone put its chips on the table last week by forking out $ 486 million to increase its stake in China Mengiu Dairy - China's biggest milk producer - to 9.9 per cent from 4 per cent.

Alongside the 10 separate offers from the bidding parties, the contest also drew international powerhouses into the consolidation play as the world's biggest dairy exporter, New Zealand's Fonterra, snared a 10 per cent stake in Bega Cheese while Lion, which is a subsidiary of Japanese behemoth Kirin, seized 10 per cent of WCB.

The company that owns a 48 per cent stake in the battling Maggie Beer Products gourmet foods business has undertaken a big share consolidation to escape from the ranks of the penny dreadful stocks with billions of shares on issue.

Freedom Food will reduce its stake in A2 Corp from 25.8 per cent to a fully diluted 18.1 per cent but remain the largest single shareholder in the company.

Brewing and dairy giant Lion says it will use its 10 per cent stake in Warrnambool Cheese & Butter to protect its own cheese business from being downgraded by any new owner.

The Eagle Boy's largest shareholder is Brisbane - based private equity firm NBC Capital, which acquired an 85 per cent stake in the company from founder Tom Potter in 2007.

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.

In 2010 he was involved in talks regarding a potential takeover of West Ham, at which stage it looked as if he was going to acquire a 51 per cent stake in the club from the Icelandics.

It's not as if that $ 200 million film deal is play money to 50 Cent and his posse; in April, Forbes assessed the multi-market star's net worth at $ 110 million, $ 100 M of that coming from the sale of his stake in Vitaminwater while much of his other earnings have been spent on luxurious living.

Tom Stacy once staked the credibility of his Ohio - based anti-wind power group on a claim that they had received «zero dollars and zero cents» from the energy industry, but that was before he became a paid consultant for a fossil fuel - funded think tank.

Tom Stacy once staked the credibility of his Ohio - based anti-wind power group on a claim that they had received «zero dollars and zero cents» from the energy industry, but that was before he became a paid consultant for a fossil...

AIA Group Limited is the fourth foreign insurance major to hike the stake in Indian firms with the foreign firm announcing that it will increase its shareholding in Tata AIA Life Insurance Company, a joint venture company by Tata Sons and AIA, from the current level of 26 per cent to 49 per cent through the purchase of another 23 per cent stake in the company.

Meanwhile, Sam Ghosh, CEO of Reliance Capital said, «The hike in FDI cap may not be of much use and maybe some players will prefer IPOs to bring in more capital rather than asking their current foreign partner to hike stake from 26 per cent to 49 per cent.»

Global insurance major Allianz wants to hike its stake from 26 to 49 per cent in the Indian venture Bajaj Allianz General Insurance when the government raises the foreign direct investment (FDI) cap

Standard Life, which has an insurance joint venture with HDFC is seeking to raise its stake in the JV to 35 per cent from 26 per cent.

Industry sources said instead of IPOs, life insurers would prefer diluting their stake in favour of their foreign joint venture partners, if the FDI limit is hiked to 49 per cent from current 26 per cent.

HDFC Standard Life Insurance Company is planning to sell 10 per cent from its stake in the entity which is 61.63 % at present.

«So we are willing to consider case - to - case request from LIC to extend the timeline to bring its stake down to 15 per cent,» he said.

Private insurer Reliance Life is exploring a distribution tie - up with several banks, including from the public, private and cooperative sectors, and may offer a stake of up to 5 per cent for the same.

Companies such as Aviva Life, Aegon Religare, Edelweiss Tokio Life and Bharti AXA had filed applications with the FIPB for increasing the stakes of their joint venture partners from 26 per cent to 49 per cent.

Subsequently, when ING Group moved out of the venture, Exide took over the group's 26 per cent stake; it even bought 16.32 per cent from Hemendra Kothari Group and 7.68 per cent from Enam Group, all for a total consideration of around Rs 550 crore.

Through a tweet, Competition Commission of India (CCI) said it has approved «increase of Standard Life (Mauritius) Holdings 2006 Ltd's stake from 26 per cent to 35 per cent in existing joint venture co, HDFC Life».

Munich Re bought additional 23.27 per cent stake in Apollo Munich Health Insurance from its joint venture partner Apollo Hospitals Group for Rs 164 crore last year.