Sentences with phrase «percent stake sale»

Earlier in FY 15 - 16, Murugappa group also had a one - time earning of Rs. 883 Crore from an earlier 14 percent stake sale in its general insurance arm — Cholamandalam MS General Insurance.

Not exact matches

Activist investor Jana Partners has accumulated an 8.8 percent stake in Whole Foods and wants the organic market to explore a possible sale, according to a Monday regulatory filing.

The buyout price represents a 39 percent premium to PetSmart's closing price of $ 59.81 on July 2, the day before Jana disclosed its stake and called for PetSmart to explore a sale.

Activist investor Jana Partners LLC began pushing for a sale after disclosing a 9.9 percent stake in PetSmart in early July.

Arnaud Lagardere, who has a stake of some 7 percent in Lagardere's share capital, also told the company's annual shareholding meeting on Thursday that Lagardere would re-invest proceeds from recent asset sales back into its core business.

Bharti Airtel separately said it plans to engage with potential investors to evaluate a stake sale in the combined mobile masts entity, which will have an equity value of 965 billion rupees ($ 14.5 billion), sending the carrier's stock up as much as 5.2 percent.

The Financial Times first reported the stake sale, noting that HNA had initially held 9.9 percent of Deutsche Bank but that filings showed last week its share of voting rights had fallen to 9.2 percent.

JOHANNESBURG, April 12 - Troubled South African retailer Steinhoff, raised 3.75 billion rand from the sale of a 6 percent stake in Steinhoff Africa Retail, another step in its efforts to shore up its finances and pay down debt.

Pandora has been urged to explore a sale by Corvex Management LP, a hedge fund run by Keith Meister, a protégé of activist investor Carl Icahn, after it disclosed a 9.9 percent stake in Pandora in May.

Citi said the target increase was to reflect a higher implied valuation for DRB - Hicom's remaining Proton stake, a government grant accompanying the deal and the sale of a 51 percent stake in British sports - car brand Lotus to Geely for around 556 million ringgit, which was also part of the deal.

A sale of Yahoo's internet assets would leave the company just owning a 35.5 percent stake in Yahoo Japan Corp., as well as a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd., which accounts for most of its value.

It was forced to re-launch the sale process for 66 percent stake in DESFA last year after a previous 400 million euro deal with Azerbaijan's SOCAR fell through in 2016.

JOHANNESBURG, April 12 (Reuters)- Troubled South African retailer Steinhoff, raised 3.75 billion rand ($ 314 million) from the sale of a 6 percent stake in its domestic Steinhoff Africa Retail (STAR) operation, to reduce debt, it said on Thursday.

Elliott disclosed a 7 percent stake in Mednax last month and said it would discuss several options to boost value for shareholders, including a sale of the company.

The sale of the roughly 60 percent stake in Mphasis could provide cash to fuel buybacks, Rajesh Ghai, an analyst at Macquarie Group Ltd., said in a note last month.

Nevertheless, major aspects of policy remained unclear, including details of a planned $ 300 billion privatization program that is to include the sale of a 5 percent stake in oil giant Saudi Aramco.

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.

Should PRIMECAP, a fund owning 13 percent of Tribune, join Oaktree, the two would combine for a 27 percent stake in favor of a sale.

Energy Group, a Nigerian investment conglomerate that currently owns the lender, is ready to be diluted to a 30 percent stake as a result of the share sale, Yeboah said.

His firm, Trian Fund Management, bought a 5 percent stake in 2006 and helped usher in aggressive cost savings and asset sales, allowing for more marketing spending as well as higher dividends and share buybacks.

Elliott is also seeking an injunction against C&T's sale of a 6 percent stake through the issue of treasury shares to its ally KCC Corp..

U.S. hedge fund Elliott, which owns 7.1 percent of C&T, is opposing both the merger and the stake sale.

Elliott Management has taken a 12 percent stake in Travelport Worldwide, the hedge fund said in a filing on March 26, and may push for a sale of the travel industry e-commerce company that could include Elliott as a buyer.

Two other sales of shares in PetroVietnam units in January were oversubscribed: the sale of a 20 percent stake in Petrovietnam Oil and shares in Binh Son Refining and Petrochemical.

$ 1.6 billion sale of a 28 percent stake in the London Stock Exchange Group plc to Borse Dubai Limited (a holding company for investments in the stock exchange made by Dubai International Financial Centre).

Ticket sales for the infield at the Preakness Stakes — the state's biggest single - day event — are down 30 percent compared to this time last year, even as organizers are facing an Under Armour - sized gap in their lineup of corporate partners.

What remains of Yahoo after the sale includes an approximately 15 percent equity stake in China's Alibaba Group Holding; about 36 percent in Yahoo Japan; cash and marketable debt securities; certain minority investments; and Excalibur, which owns some patent assets.

At stake is the division of some $ 109 million in annual receipts from Ulster County's 4 percent sales tax.

Scarcely a surprise, but this may excite some: an acquisition of the stake by L'Oréal, part - funded by a sale of its own Sanofi stake would be circa 10 percent accretive, we think,» the brokerage added.

Coty's consumer beauty unit reported a 13.7 percent rise in sales, driven by a 11.1 percent contribution by Younique, the online cosmetic retailer in which Coty acquired a 60 percent stake last year.

As fourth quarter sales beat expectations, the company chief executive reiterated L'Oréal's willingness to buy Nestlé's 23 percent stake in the firm should its Swiss shareholder want to sell.

Chrysler Corp. has sold its 50 percent ownership stake in Alfa Romeo Distributors of North America, an Orlando company that acts as the national distributor for the Italian automaker.The decision was a result of Alfa Romeo's sluggish sales performance in United States, where a recession has weakened consumer confidence.That poor performance prompted Alfa Romeo to lay off 23 employees Friday from the Orlando distributorship, a company spokesman said Tuesday.

In 2016, Nissan acquired a 34 percent stake in Mitsubishi Motors, which became the third member of the Alliance — a grouping with combined annual sales of almost 10 million units a year.

Vivendi owns a 60 percent stake and a sale could help the French group to raise up to $ 10 billion, the sources said.

Akin Gump has represented Trivon Communications Ltd. in the sale to Alma Group of its 100 percent stake in Digit One Ltd., an Internet service provider and telecommunication operator that provides Internet access, telephone, television and data services to homes and businesses in Moscow, the Moscow Region, Krasnodar and Tver.

Akin Gump has represented Trivon Communications Ltd. in the sale to Alma Group of its 100 percent stake in Digit One Ltd., an Internet service provider and telecommunication operator that provides Internet access, telephone, television

This stake sale led to foreign shareholding in the company from 26 percent to 49 percent.

The Board of Murugappa Group Company, which owns Tube Investments, recently confirmed the sale of its 14 percent stake in Cholamandalam MS General Insurance Company to Mitsui Sumitomo Insurance Company, the Japanese JV Partner of the group, leading its share to 40 percent, which earlier was 26 percent.

This stake sale to Standard Life was proposed in August 2015 to happen for the said amount, as the government of India has permitted up to 49 percent FDI in the insurance sector of the country.

The company had to undergo such a drastic stake sale because of revision in the rules by the country's foreign direct investment (FDI), which had mandated up to 49 percent ownership of foreign investors in various insurance companies in India.

The Westfield Group's sale of a 45 percent stake in its U.S. malls to Canada Pension Plan Investment Board (CPPIB) showcases once again institutional investors» appetite for core retail assets in the United States.

Earlier this week, word spread that Litt had purchased a 4.3 - percent stake in Toronto - based Hudson's Bay and proceeded to send a letter to the company's board of directors urging a sale of its N.Y.C. real estate assets.

Snow Park Capital disclosed a 3.5 percent stake in Cedar Realty last month and is pushing for changes at the company, including a potential sale.