Sentences with phrase «per cent stake in the company»

Newly listed diversified Australian resources company Apollo Minerals Ltd has confirmed that Chinese Iron and Steel Grouphave taken a 3.9 per cent stake in the company and is looking to increase its stake to 19.9 per cent.

Shares in South Perth - based Noble Mineral Resources have surged more than 37 per cent on news Chinese group Zhongrun is to invest $ 87.7 million and take a 42 per cent stake in the company.

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.

Michael Dell, who owns nearly 16 per cent stake in the company, will remain the CEO after the sale closes and will contribute his existing stake in Dell to the new company.

But that transaction also saw Bega and Fonterra strengthen their alliance, with Fonterra taking a 10 per cent stake in the company, and that followed Japanese - based Sumitomo Chemical Company buying 20 per cent of Australian agriculture chemicals supplier Nufarm in 2011 in a deal designed to share distribution, development, product formulation and logistics.

Bega, which already has an 18 per cent stake in the company, is offering 1.2 of its own shares plus $ 2 cash for every Warrnambool Cheese & Butter share it does not already own.

While Saputo has been steaming ahead in WCB acceptances, which equate to about a 17 per cent stake in the company, analysts say it still has fair way to go before finalising any deal.

The Eagle Boy's largest shareholder is Brisbane - based private equity firm NBC Capital, which acquired an 85 per cent stake in the company from founder Tom Potter in 2007.

This firm is based in Mountain View, California, and has provided Thalmic Labs with funding in exchange for a 7 per cent stake in the company.

The deal includes acquiring a 30 per cent stake in the company and investing in real estate acquisitions for new build, hotel conversion and adaptive reuse properties as Yotel expands its international scale.

AIA Group Limited is the fourth foreign insurance major to hike the stake in Indian firms with the foreign firm announcing that it will increase its shareholding in Tata AIA Life Insurance Company, a joint venture company by Tata Sons and AIA, from the current level of 26 per cent to 49 per cent through the purchase of another 23 per cent stake in the company.

The Insurance Regulatory and Development Authority (Irda) is likely to allow state - owned Life Insurance Corp of India to retain over 10 per cent stake in companies for now, a finance ministry official

Not exact matches

Fidelity Management and Research Company (FMR), has an 8.5 per cent stake and is a long term investor in Tim Hortons.

Global gold producer Newmont Mining has sold its 19 per cent stake in local company Regis Resources.

Subiaco - based Mission NewEnergy has sold its Kuantan Port biodiesel refinery for $ 24 million to a newly formed joint venture company in which it will retain a 20 per cent stake.

Resource Capital Funds is set to emerge with a near 30 per cent stake in Vimy Resources when the uranium company completes a $ 22 million capital boost to fund ongoing work at its Mulga Rock project in the eastern Goldfields.

Indonesian companies have a combined 60 per cent stake in the project.

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.

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.

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 deal sees Carlyle take both CHAMP's 80 per cent stake in Accolade and the remaining 20 per cent owned by US liquor company Constellation Wines.

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 estatIn 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 estatin the donut chain along with some of its real estate.

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.

The company also sold a 30 per cent stake in its railway division to pension fund manager Caisse de depot for US$ 1.5 billion.

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.

While WES will retain up to a 20 per cent stake in Coles, the demerger effectively splits the company into two separate entities, with WES owning Bunnings, Kmart, Target, and Officeworks, as well as WES» Industrials and «Other» divisions.

Direct investors are defined as foreign shareholders with at least a 10 per cent equity stake in the Australian company; all others are defined as portfolio investors.

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.

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.

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 companIn 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 companin 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 companin 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.

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.

The company has been successful, however, raising capital and securing key partnerships, including a $ 55 million investment from Aurora Cannabis Inc., which took a 17.6 per cent stake in TGOD in January.

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.

Groupe Danone, the French dairy giant, has taken a 10.1 per cent stake in National Foods, Australia's largest listed dairy company.

Italian energy company Edison and a consortium of sugar beet producers said on Friday that they had, once again, agreed to extend exclusive talks on the sale of Edison's 54 per cent stake in French sugar company Beghin - Say, to...

The former chief executive of infant formula marketer Bellamy's Australia is shifting her sights to quince paste, ice cream, pate and beyond after becoming managing director of the ASX - listed company that owns a 48 per cent stake in Maggie Beer Products.

The deal sees Carlyle take both CHAMP's 80 per cent stake in Accolade and the remaining 20 per cent owned by US liquor company Constellation Wines.

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 millioIn 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 millioin the Austrian dairy group for $ 30 million.

Lion seized a 10 per cent stake in WCB to protect its cheese supply contracts with the company.

Queensland Investment Corporation's new fund which purchased an 80 per cent stake in the North Australian Pastoral Company will become a major domestic competitor to offshore investors seeking to own Australia's agricultural land.

The Coca - Cola Company, which owns 29.4 per cent of Coca - Cola Amatil, has received TCCC board approvals to acquire a similar - sized stake in Coca - Cola Bottling Indonesia (CCAI)-- satisfying one of several conditions of the deal.

GrainCorp's sale of its stake in Allied Mills will dilute earnings by about 4 per cent but provide some relief for the company's balance sheet.

Mirrabooka Investments posted a 16 per cent dip in half - year profits as the listed investment company sells down stakes in companies that are becoming expensive.

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.

The $ 78 billion Queensland Investment Corporation has bought an 80 per cent stake in the cattle station operator North Australian Pastoral Company.

The company that owns a 48 per cent stake in the battling Maggie Beer Products gourmet foods business has undertaken a big share consolidation to escape from the ranks of the penny dreadful stocks with billions of shares on issue.