Sentences with phrase «cent stake of»

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.

Not exact matches

Consider that under the proposed deal multinational aerospace giant Airbus will take a 50.01 per cent stake in Bombardier's C Series project and move some of the production to a plant in Alabama.

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.

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.

Applecross - based Mineral Resources is looking to sell a 49 per cent stake in its Wodgina lithium project, as work to investigate the feasibility of a lithium hydroxide or carbonate processing plant at the site continues.

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.

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.

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.

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.

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.

Gold miner Doray Minerals has declared its off - market takeover of Mutiny Gold unconditional, after increasing its stake to 75.3 per cent.

Wind Mobile CEO and chairman Anthony Lacavera said Wednesday that he retains his 35 per cent ownership stake in the company and will go back to the capital markets to raise money to buy the rest of the company.

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.

«This year, it already has a 6 per cent stake and the big guys — Swan and Carlton — have detected the winds of change.

Fan also pointed out that Verizon Wireless can not invest outside of the continental U.S. due to a shareholder agreement with British telecom company Vodafone (which owns a 45 per cent stake in Verizon Wireless), and that it would be unlikely that any wireless investment by Verizon Communications Inc. would occur outside of Verizon Wireless.

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

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.

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.

«Rather than waiting until after your death to leave the company to your adult child — who might have to pay 55 cents in tax on every $ 1 of its value — you want to start transferring a minority stake now, let's say 30 % of the stock.»

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.

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 Yancoal transaction followed the $ US606 million sale of Rio's 40 per cent stake in the Bengalla coal mine to New Hope, and the $ US220 million sale of the Mt Pleasant coal project in NSW in 2016.

The Commonwealth Bank of Australia has deflected rumours it is mulling the sale of its 80 per cent stake in Indonesia's PT Commonwealth Life.

CrownBet is 62 per cent owned by Crown Resorts, with the remaining stake owned by CrownBet chief executive and former BRW Young Rich list member Matthew Tripp and several of his executives.

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.

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

The remaining 20 per cent stake in CrownBet is owned by its chief executive Matthew Tripp and his executives, who could earn a payment of $ US182 million ($ 234 million) in cash and shares in 2020 subject to certain performance conditions.

Morse was considered the force behind Chinese e-commerce company Alibaba Group and Yahoo's $ 7.6 billion deal over the summer, which saw Yahoo sell about half of its 40 per cent stake in Alibaba after years of wrangling over terms.

In 2005, his hedge fund owned 5.4 per cent of Wendy's and Ackman was among a group of investors who successfully pushed the company to spin off Tim Hortons despite management's preference to simply sell off a stake in the donut chain along with some of its real estate.

The law was on their side, and they won, with the spoils being stakes of about 10 per cent in the business.

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.

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.

Shares in LendLease fell more than 10 per cent as UBS downgraded the property manager after it sold some of its stake in its retirement livi...

Shares in LendLease fell more than 10 per cent as UBS downgraded the property manager after it sold some of its stake in its retirement living business.

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.

Chevron owns about 47 per cent of Gorgon, while ExxonMobil and Shell own 25 per cent each and several Japanese LNG customers have small stakes.

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.

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

According to a national poll taken by the Asia Pacific Foundation of Canada in the fall of 2016, 51 per cent of Canadians would support a private Chinese company buying a controlling stake in a Canadian company while only 11 per cent would be in support of such an acquisition by a Chinese SOE.

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.

Mr Kumova said he had no intention to sell any of his stake of about 6 per cent at this stage.

In September, it acquired a 50 per cent stake in a 75 - acre property in Valleyfield, Que., where it intends to build an 820,000 square foot greenhouse facility with the assistance of Aurora subsidiary Larssen Ltd., a greenhouse engineering company.

Initiatives perhaps such as a recent move by cocoa maker Barry Callebaut that in 2008 acquired a 49 per cent stake in Biolands of Tanzania, Africa's largest exporter of certified organic cocoa.

Brewers in the US with a bigger partner with a stake of below 25 per cent still retain their status as a «craft» brewer under the Brewers Association rules.

Linfox will move more beer, soft drinks and water around Australia after taking full control of drinks distribution joint venture BevChain, buying out partner Lion's 50 per cent stake.

It owns a 48 per cent stake in Maggie Beer, while it has purchased all of Paris Creek.

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.

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