Sentences with phrase «large stake purchased»

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.

In 2004, his company purchased a 20 % stake in Tory Burch, becoming the first and largest outside investor in the fashion house, which has since blossomed into a powerhouse retailer worth over $ 3 billion.

Camber Capital Management, a hedge fund with an activist history, has purchased 5.7 million shares of Tenet Healthcare Corp., or a 5.7 % stake in the money - losing hospital chain.The emergence of Camber was disclosed Monday, just three days after Tenet's largest shareholder, Glenview Capital Management, resigned two Tenet board seats, citing irreconcilable differences with management and the board.Glenview Capital, which owns an 18 % stake in Tenet, gave notice Friday that it would no longer participate in a stand - still agreement that had prevented it from launching a proxy fight for control of the company.Tenet investors welcomed the Camber disclosure Monday, driving up Tenet's stock price to $ 2.18, or 15 %, to $ 16.63 as of 12:30 p.m. ET.Tenet is the nation's third - largest investor - owned

Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese oil and gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and technology.

STC, the kingdom's largest mobile operator, is using the fund to branch into digital technology investing following its purchase of a 10 percent stake in Dubai - based Middle Eastern ride - hailing app Careem in December.

Alibaba Group has agreed to purchase 18 % stake in Hong Kong - listed Lianhua Supermarket from online fresh fruit and vegetable retailer Shanghai Yiguo E-Commerce, making it the second - largest shareholder of China's leading supermarket chain.

The government purchased large stakes in three banks last week as the Royal Bank of Scotland, Lloyds TSB and HBOS accepted public funding as part of the governments # 37 billion bailout plan.

Early last year Beijing Kunlun purchased a large stake (61 % for $ 93 million) in Grindr.

While this would mean that the paper value of my investments are less, and my net worth is then lower, it would also mean that my new capital goes further by buying larger stakes in the companies I'm actively purchasing.

My allocation would be higher, except: a) I intend to raise cash (I sold a larger undisclosed holding to fund my FIG purchase) in the next few months, but stand ready to buy at bargain prices, and b) I'm currently exposed to a similar investment (theme) exposure with my Colony Financial (CLNY: US) stake.

In 2012, it is estimated that pet owners will spend 52 billion dollars on their pets; approximately half of this will be spent on pet food.1 With this amount of money at stake, it's no wonder that pet food companies invest in large - scale marketing campaigns designed to influence owners» purchasing habits.

Air services provider dnata has purchased a 75 per cent stake in Travel Republic, the largest privately owned online travel agency in the UK.

Helped Canam, North America's largest fabricator of steel components, in its majority stake purchase of New Jersey steel erector Stonebridge

Over the past 10 years Rozee, who is senior vice president commercial and legal affairs at Teck Resources, has been involved in a number of large transactions, including the company's $ 14.8 - billion purchase of the Fording River coal mine and its $ 825 - million sale of its stake in the Waneta hydro - electric dam.

So much so that Kakao, South Korea's largest messaging platform, announced plans to to create a major cryptocurrency exchange, and NXC — a Korean holding company for the $ 10 billion Japanese gaming firm Nexon — has just purchased a majority stake in Korbit, Korea's second - largest bitcoin exchange.

As far as the need for our Industry to be truly professional, from a stakes point of view, we're talking about the single largest purchase that most people make.