Sentences with phrase «cent stake held»

PNB bought the entire 26 per cent stake held by Principal Financial Group and the 32 per cent participating interest of domestic firm UK (Berger) Paints in Principal PNB Life Insurance Company Ltd..

Not exact matches

Microcap fund manager Acorn Capital has increased its stake in listed Perth - based financial planning firm Plan B Group Holdings to control almost 10 per cent of the voting power.

Alibaba Group invested in the company in 2013 and is expected to hold a 32 per cent stake in the company following the offering.

Matlin, who holds a nearly eight per cent stake in the company, had previously said he plans to rally shareholders to put him back in charge.

AN entity of Entrust Funds Management has taken an $ 8 million stake in the Aspen Group's recently acquired Dunsborough Lakes Project, joining the Wyllie Group and Aspen in each holding a 20 per cent s

An entity of Entrust Funds Management has taken an $ 8 million stake in the Aspen Group's recently acquired Dunsborough Lakes Project, joining the Wyllie Group and Aspen in each holding a 20 per cent stake in the project.

Woodside, which holds a 30.6 per cent stake in the project off the Kimberley coast, said the joint venture decided not to progress with the floating LNG development at this time.

THE hydrocarbon prospective San Joaquin Basin in the United States continues to figure high on the exploration schedule of Victoria Petroleum NL, which holds a 63.3 per cent direct and indirect stake in the California hydrocarbon real estate.

The financial sector changes were later confirmed by Yi Gang, the newly appointed head of China's central bank, who said foreign investors would be allowed to hold up to a 51 per cent equity stake in brokerage firms, futures companies and fund management firms.

Alcaliber is majority - owned by Spanish billionaire Juan Abello's investment fund Torreal SA, with French drugmaker Sanofi also holding a 40 per cent stake.

Then there are Santos» Chinese shareholders Hony Capital and ENN Holdings, and their appetite to take up Harbour's offer to roll their combined 15 per cent stake in Santos into an unlisted entity where they would likely have less influence.

Adding further intrigue to the story are suggestions that a large derivative position in AWE held by Deutsche Bank is giving Beach an ongoing interest in the takeover that goes beyond its 50 per cent stake in Waitsia.

On Friday, Edmonton - based Aurora Cannabis Inc. announced that it had struck a $ 55 - million deal to buy, via private placement, an initial 17.62 per cent stake in Ancaster, Ont. - based The Green Organic Dutchman Holdings Ltd. (TGOD).

But the four nominees have skin in the game: they own 0.3 per cent of Crescent Point, more than twice the stake held by the company's non-employee directors.

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.

Analysts at CIBC World Markets do not believe Saputo's offer will be successful, given Bega's continued interest and the fact it owns 17 per cent of WCB, with rival Murray Goulburn holding a similar stake.

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

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.

ASX - listed company Primary Opinion holds a 48 per cent stake in Maggie Beer Products, the Barossa Valley - based business built up by celebrity chef Maggie Beer, who has a national profile through a string of cookbooks, television shows and as a guest judge on the Ten Network's MasterChef series.

Germany's Rocket Internet, a backer of Australia's largest online fashion retailer, The Iconic, holds a 29 per cent stake in Marley Spoon through investment funds under its control.

A2 said it was working with Synlait Milk, which it holds 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.

Canadian dairy firm Saputo has lifted its stake in Warrnambool Cheese and Butter to almost 18 per cent although 13.35 per cent of its holdings remains subject to withdrawal rights.

Murray Goulburn currently holds a 17.7 per cent stake in WCB.

Rival WCB bidder Murray Goulburn, which has a 17.7 per cent stake in WCB, can only watch and hope that Bega and Lion hold out.

On Thursday last week, after several hours of closed discussion, Bega's board said it would sell its 18.8 per cent holding in WCB to Saputo, securing a profit of almost $ 100 million and catapulting the Montreal - based company to within reach of a controlling stake.

Wattle Health will hold a 45 per cent stake in the joint venture vehicle, with the co-operative owning 50 per cent.

Buffet's Berkshire Hathaway and 3G, Heinz's owners, will have a 51 per cent stake in the combined firm, to be called The Kraft Heinz Company, with a 49 per cent stake to be held by Kraft's existing shareholders.

Berkshire holds about a 20 per cent stake, according to data compiled by Bloomberg.

The conglomerate presently holds a 50 per cent stake in the development as part of a wider luxury travel portfolio.

gategroup will hold a 60 per cent controlling stake in the joint venture which includes the creation of a new state - of - the - art facility in Incheon to accommodate Asiana Airlines» growth plans.

Acquire a 40 per cent stake in Esperaza Holding by the end of 2006, making it a partner in Sonangol's indirect investment in Galp.

Thai power generation company Ratchaburi Electricity Generation Holding has put its 80 per cent stake in Australian power generator RATCH - Australia Corporation on the block, joining 20 per cent partner Transfield Services in trying to exit the company.

Recent transactions include acting for Barrick Gold on the proposed disposal of its 75 per cent holding in African Barrick Gold, Allied Gold Mining on its merger with St Barbara Limited, HSBC as sponsor on Quintain Estates and Development's new joint venture arrangements to develop Greenwich Peninsula, Symphony Technology Group on its recommended cash offer for Kewill, Barrick Gold on the disposal of its stake in Highland Gold Mining and ValueAct Capital on its joint consortium bid with CVC Capital Partners for Misys.

Econet owned a 5 per cent stake in VNL and held pre-emption rights under the terms of the shareholders» agreement.

The federal government and / or the Alberta government could buy a partial or even a controlling stake (a highly unlikely, but not off - the - table option) in a project that is 30 per cent held by Kinder Morgan Canada Limited and 70 per cent owned by Texas - based Kinder Morgan, Inc., one of North America's largest pipeline operators.

This TPA would have the four public general insurers holding 23.75 per cent stake each.

After the merger, L&T was to hold 51 per cent stake, Generali Group 26 per cent and 23 per cent was to be held by the Future Group.

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.

Of the 74 per cent, Biyani's flagship Pantaloon Retail directly and via special purpose vehicles holds close to 50 per cent stake, while the Biyani family holds around 25 per cent.

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».

Currrently, Standard Life (Mauritius Holdings) holds a 26 per cent stake in the joint venture.

Edelweiss Tokio Life Insurance started its business in the year 2011 with Edelweiss Group holding 74 per cent and Tokio Marine the remaining 26 per cent stake in the joint venture.But recently Edelweiss Tokio Life Insurance recently got the IRDA approval to enhance Tokio Marine's stake to 49 per cent in the Joint venture.

Allianz Global Investors would hold a 51 per cent stake in the joint venture, with the rest 49 per cent being held by Bajaj Finserv.

Bajaj Auto holds a 76 per cent stake in the venture.