Italy’s state TV to hold at least 30% stake in towers unit
By Giuseppe Fonte ROME – Italy has ruled that state broadcaster RAI should retain a stake of at least 30% in its towers unit Rai Way, a draft government decree…
By Giuseppe Fonte ROME – Italy has ruled that state broadcaster RAI should retain a stake of at least 30% in its towers unit Rai Way, a draft government decree…
By Ron Bousso LONDON – Within hours of Moscow launching its invasion of Ukraine, BP’s chief executive summoned his senior team to discuss the limited options for its Russian operations,…
By Svea Herbst-Bayliss BOSTON -Billionaire investor William Ackman has built a new stake in railroad operator Canadian Pacific, returning to one of his most profitable investments as rail firms eye…
By Ingrid Melander PARIS – All the main candidates are now on the starting line for France’s April presidential election, after Emmanuel Macron confirmed on Thursday that he was running…
– Commonwealth Bank of Australia, the country’s No. 1 lender, said it would sell a 10% stake of China’s Bank of Hangzhou for about A$1.8 billion ($1.31 billion), exiting a…
U.K. oil corporation BP announced that it would immediately sell its nearly 20% stake in Russian state-owned energy firm Rosneft amid the ongoing Ukraine crisis. BP purchased the 19.75% stake…
ZURICH – CPI Property Group said it had won control of a majority stake in Austrian real estate group Immofinanz via a tender for the company’s shares and convertible bonds…
BERLIN – An application by Russian state nuclear power company Rosatom for permission to buy a stake in a nuclear fuel reprocessing plant in Lingen in Germany has been withdrawn,…
By Elvira Pollina MILAN -Telecom Italia (TIM) is considering selling its stake in mobile tower group INWIT to French investment fund Ardian as part of its efforts to shore up…
MOSCOW – Russia’s second-largest oil producer Lukoil has closed a deal to buy a 9.99% stake in Azerbaijan’s Shah Deniz natural gas project from Malaysian oil and gas company Petronas…
By Ana Mano SAO PAULO – A unit of Norwegian plant nutrition company Yara International ASA has acquired for an undisclosed sum a 14% stake in Brazilian online farm products…
DUBAI – Buyout groups CVC Capital Partners and Brookfield and two Abu Dhabi state funds have bid to buy a stake in the Middle East, North Africa and central Asia…
BERLIN – Shares in Commerzbank fell 5% in Lang & Schwarz pre-market trade on Monday after Germany’s Finance Minister said the government would not keep its stake in the lender…
ZURICH – Siemens has agreed to exit its Valeo Siemens eAutomotive joint venture in a deal which will boost the German company’s profits by around 300 million euros ($342.60 million),…
PARIS -Asset manager BlackRock crossed the 5% threshold in scandal-hit French elderly care home operator Orpea folllowing the purchase of shares on and off the market, stock market watchdog AMF…
– Activist investor Elliott Management disclosed its stake in NiSource on Friday and said it supported the company’s decision to name a new chief executive officer, sending shares in the…
– Unilever PLC plans to slash thousands of management positions across its operations, a source familiar with the matter said on Monday. The job cuts will be in the “low…