Sentences with phrase «said stake sale»
Post the said stake sale, HDFC and ERGO will hold 50.73 % and 48.74 % of the paid - up shares capital of HDFC ERGO, respectively, the release said adding that HDFC ERGO remains a susbidiary of HDFC.
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Activist investment fund Jana Partners acquired a 5 % stake in Time Inc. earlier this year, and the fund is said to be interested in pushing for either an improvement in the company's financial picture or a sale.
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.
Now, with a majority interest in Skype slated to be sold to a collection of private investors, they're using their stake in Joltid to try to block the sale and recover millions of dollars in what they say are lost profits.
The statement said the government would be able to stop the sale of EDF's controlling stake before completion, without the prior notification and agreement of ministers.
Rox Resources» joint venture partner Teck Australia has voiced concern today with the company's proposed sale of its stake in the Reward zinc - lead project to Marindi Metals, after competing bidder IM Medical said last week an exclusivity agreement had been breached.
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.
Kingboard, an investment holding company, said it would recognise a gain of HK$ 800 million on the sale which represented its entire stake in the Hong Kong airline.
Despite the stock sale, the company says it will continue to use the Sears brand name as long as the American firm owns a 10 % stake.
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.
«Re-rating is imminent with the stake sale removing DRB's largest overhang, as well as a more positive outlook for Proton,» Citi said in a note late Wednesday.
No one ever said turning around Yahoo would be easy, Mayer is facing restless investors as ad revenue remains challenged — and in the wake of the sale of part of the company's stake in Chinese e-commerce giant Alibaba.
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.
SJM, however, opposed the sale and said the government should only divest a minority stake to raise capital.
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.
NEC Corp said it has approved the sale of its stake.
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.
The sources said the stake was worth $ 3.1 billion at current market prices but GSK wanted a premium in any 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.
«It's a change in how he distributes that asset,» said Ben Silverman, research director at InsiderScore, noting that Gates has been reducing his stake methodically for years through share sales to fund his foundation.
It's not an exaggeration to say VW has staked quite a bit of their U.S. reputation, brand identity and sales future on their so - called «Clean Diesel» engines.
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.
The Frankfurt - based lender said in a statement Monday that its ability to pay is being bolstered by the sale of a stake in Huaxia Bank Co..
Industry sources say this shift in Saudi Arabia's stance is its desire to support the valuation of Aramco ahead of the kingdom's planned sale of a minority stake in the company.
SDF said that its Top Cheese Switzerland unit and its stakes in other dairy companies were not affected by the decision, and that the sale of these cheese operations would proceed as planned.
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...
Murray Goulburn released a statement saying it would «assess the ramifications» of Bega's sale for its bid and its stake in WCB.
GrainCorp managing director Mark Palmquist says the sale of its stake in the nation's biggest flour supplier, Allied Mills, allows the grains handler to eye possible deals it would have found difficult to do as its balance sheet felt the strain of huge capital investments in the past few years.
JBS SA, the world's largest meatpacker, has concluded the sale of its stake in dairy company Vigor Alimentos SA to Mexico's Grupo Lala SAB de CV, the Brazilian company said in a securities filing on Thursday.
Last week, Murray Goulburn said it was assessing the ramifications of Bega's sale for its stake in WCB as well as its bid.
That is why we have said every penny of windfall from the sale of the government's stakes in the banks must be used to repay the national debt — not for a politically timed pre-election giveaway at the expense of taxpayers and the economy.
The demonstrators, who were clad in red held placards such as «Say no to military base», «Ghana not for sale», «Incompetent government, incompetent agreement», «Our future is at stake» among others.
Alwaleed had said in November that all of his stakes in public companies, including Citigroup Incorporated, were potentially for sale, reversing a longstanding policy that some of his most - prized shareholdings were «forever.»
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.
Vivendi owns a 60 percent stake and a sale could help the French group to raise up to $ 10 billion, the sources said.
EnBW said at group level it made «a good start to the year» with a 34 % rise in operating profits to $ 687m, but net profits fell by almost two - thirds to $ 138m, reflecting the flattering effect of the sale of its Hohe See stake in the year - ago quarter.
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.
«Pantaloon Retail (India) has signed a non-binding term sheet with L&T for merger of its insurance joint venture company Future Generali India Insurance Company with L&T General Insurance Company and sale of partial stake to L&T and its other joint venture partner Participatie Maatschappij Graafschap Holland NV in the merged entity,» Pantaloon Retail (India) said in a filing.
Three insurance firms - Max Life Insurance, Birla Sun Life Insurance and HDFC Life Insurance - have been shortlisted for the stake sale, sources said.
He says it's «a fantastic way» to have a stake in a company, «instead of starting up your own and struggling for 10 years to become profitable, with sales suffering as a result of all the time it takes to attend to the business side» of things.
In addition to more REITs being taken private, Gray said he expects additional asset sales similar to a Macerich Co. plan, announced Wednesday, to sell stakes in eight malls for $ 2.3 billion to fund a special dividend, share buybacks and debt reduction.
Buck to sell 2 stakes: The John Buck Co. has put up for sale small interests in two West Loop towers built above the train tracks along the Chicago River, said Bruce Miller, managing director with real estate firm Jones Lang LaSalle Inc., which has the assignment.