Sentences with phrase «major equity stake in the company»
It's actually controlled by Fortress Investment Group (FIG: US), a holding of mine — FIG has a majority of the BoD, and a major equity stake in the company.
https://wexboy.wordpress.com/ Not exact matches
KUALA LUMPUR (Reuters)- Saudi oil giant Aramco will buy an equity stake in Malaysian firm Petronas» major refining and petrochemical project, the companies said on Tuesday, pumping in $ 7 billion in its biggest downstream investment outside the kingdom.
The company, which has revenues of about A$ 1.4 bn (US$ 1.36 bn) a year, is also set for a major ownership shakeup with Hong Kong - based Affinity Equity Partners reportedly poised to take a controlling stake in the business.
About a year later, in May 2014, Aéropostale announced that it had sold a major stake in the company to Sycamore Partners, a New York - based private equity firm, and accepted a $ 150 million loan from the company.