Sentences with phrase «cent stake last»

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.

Not exact matches

Fidelity - owned funds cut their stake by 2.54 per cent in PC Jeweller last week and one of the company's promoters Balram Garg believes the continuation of the sharp fall in PC shares this week could be due to further selling by the foreign investor of its remaining stake.

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.

Canopy's bought deal with BMO is the second time that the cannabis company has managed to blaze a new trail in the industry: U.S. alcoholic beverage giant Constellation Brands Inc. purchased a nearly 10 per cent stake in Canopy last fall, the first time a major out - of - market player bought into the pot business.

Mr Boon said the Tabcorp offer — which offered shareholders a 21 per cent premium on the share price before the bid was revealed last week, and a 58 per cent stake in the combined company — was too good to refuse.

As Street Talk revealed last week, CHAMP wants to sell at least the bulk of its 80 per cent stake in Accolade Wines.

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.

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.

This exposure saw US investment giant Vanguard Group acquire a 5 per cent stake in Rural Funds in April, while Telstra Super bought 7.5 per cent of the stock in October last year.

Last week it agreed to pay British private equity firm Apax nearly $ 1 billion for a 56 per cent stake in Israel's largest dairy manufacturer, Tnuva.

Fonterra last month shelled out $ 46 million for a 6 per cent stake in Bega at $ 4.95 for each share, and flagged its intention to get to 10 per cent.

A number of WCB investors, including Bega Cheese, which sold its 18.8 per cent stake to Saputo last Thursday, have decided Murray Goulburn's rival bid for WCB was too risky.

Saputo's offer closed last week, leaving the Canadians with 87.9 per cent after Lion decided not to sell its stake in the hope it can leverage negotiating power with WCB's new owners.

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.

Bega, which dropped out of the WCB takeover race last month, owns 18.8 per cent of WCB while Lion has a 10 per cent stake.

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.

Meanwhile Bega, which pulled out of the Warrnambool takeover race last month, is mulling its options regarding its 18.8 per cent Warrnambool stake.

Bega kicked off the cheese wars with its cash and scrip bid for WCB in September, but after closing its bid last month, Bega is sitting on an 18.8 per cent stake and contemplating its options.

The stakes are very high for landlocked Belarus with its closed economy and extreme dependence on Russia: last year 95 per cent of its food exports worth $ 3.7 billion went to Russia.

Last year, Mr Usmanov increased his stake to 30 per cent, buying out Mr Moshiri, who went on to buy rival club Everton.

Quebec City - based CO2 Solution announced last week that Codexis Inc. acquired a 17 - per - cent stake in the company for $ 2 million.

Last year state - run PNB had announced picking up of 30 per cent stake in MetLife India Insurance at an undisclosed sum.

The government is now in a position to dilute its equity stake by up to 49 per cent in five public sector general insurance companies following the promulgation of the Insurance Laws (Amendment) Ordinance, 2014 by the President last week.

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.