Trump’s Hush Money Trial Has Officially Begun. Here’s What’s At Stake
Jury selection began Monday in the first of former President Donald Trump’s criminal cases to go to trial, a case legal experts say is the weakest and most political but could nevertheless…
Brazil’s Itau Unibanco buys stake in agribusiness marketplace Orbia
(Reuters) – Brazilian lender Itau Unibanco said on Monday it has reached a deal to acquire a 12.82% stake in the agribusiness marketplace Orbia, formally known as Rede Agro Fidelidade e Intermediacao.…
Deutsche Bank investor Capital Group sells most of big stake – Filing
FRANKFURT – U.S. investor Capital Group sold most of its 5.2% stake in Deutsche Bank, according to a disclosure on Thursday. The filing makes official the name of the seller, which Reuters…
German investor Kuehne boosts stake in Lufthansa to 10%
ZURICH – German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany’s flag carrier Lufthansa to 10%, Kuehne Holding AG said in a statement on Monday. Kuehne, 84, had earlier boosted…
Invesco to cut stake in India’s Zee by more than a third to 11%
MUMBAI – U.S. investment firm Invesco is set to cut its holding in India’s Zee Entertainment by more than a third to 11%, it said on Wednesday, days after abandoning an attempt…
HSBC buys bigger stake in its China securities venture
LONDON – HSBC said on Wednesday it had increased its stake in its China securities brokerage, through a deal to buy equity from its state-owned partner Qianhai Financial Holdings. The London-based bank…
Spain’s banking bailout fund FROB surpasses 50% stake in bad bank Sareb
MADRID – Spain’s state rescue fund FROB has increased its stake in the country’s “bad bank” Sareb to more than 50%, in line with a European Union order to count its liabilities…
Golub Capital Acts as Left Lead Arranger and Administrative Agent on $1.3 Billion Unitranche to Support CVC Capital Partners’ Acquisition of Majority Stake in Radwell International from Greenbriar
NEW YORK, April 5, 2022 — Golub Capital acted as Left Lead Arranger and Administrative Agent on a $1.3 billion unitranche facility to finance CVC Capital Partners’ (“CVC”) acquisition of a controlling interest…
Fraport cannot sell stake in St. Petersburg airport before 2025 – CEO
BERLIN -German airport services provider Fraport cannot sell its stake in St. Petersburg airport before 2025, and even then such a sale would be subject to conditions and not necessarily help Ukraine,…
KKR, EQT among investors eyeing stake in Germany’s Stratec -sources
By Emma-Victoria Farr LONDON – Financial investors including KKR and EQT are considering offers for a stake in listed German laboratory supplier Stratec, sources familiar with the matter told Reuters on Friday.…
DHL strikes deal to buy up to 9.5% stake in Canada’s Cargojet
MONTREAL – DHL Express Division, an affiliate of Deutsche Post DHL Group, struck a deal with Cargojet Inc, which would give the German company an option to buy up to 9.5% equity…
Steven Mnuchin’s fund buys major stake in security startup Zimperium for $525 million
By Krystal Hu (Reuters) – Liberty Strategic Capital, a Washington D.C.-based private equity fund founded by former U.S. Treasury Secretary Steven Mnuchin, has acquired a controlling stake in enterprise security firm Zimperium…
Daimler Truck currently not in talks over stake in Russia’s Kamaz
BERLIN – Daimler Truck said on Thursday it was not now in talks over whether it would take over a stake in Russia’s Kamaz from its former parent Mercedes-Benz AG, an issue…
Richemont sells its 20% stake in Swiss watchmaker Greubel Forsey
ZURICH – Luxury goods group Richemont has sold its entire 20% stake in Swiss watchmaker Greubel Forsey, documents showed on Thursday. Greubel Forsey said in a statement that 100% of the brand’s…
Carlos Slim’s FCC offers to buy 24% stake in Metrovacesa
MADRID -Mexican billionaire Carlos Slim’s Spanish construction firm FCC on Wednesday launched a tender offer for a 24% stake in real estate developer Metrovacesa, a FCC filing to the local stock market…
Apollo Infrastructure fund buys 49% stake in Spain’s Primafrio
By Andres Gonzalez and Isla Binnie MADRID – Apollo Infrastructure, a unit of investment firm Apollo Global Management Inc, has agreed to buy a stake in Spanish road freight operator Primafrio, the…
Food giant Cargill to buy $290 million stake in Chile salmon farmer
SANTIAGO – U.S.-based commodities trader Cargill Inc has agreed to acquire a 24.5% stake in the salmon farming subsidiary of Chile’s Multiexport Foods for some $290 million, it said on Friday. Chile…
Occidental Petroleum rises after Buffett’s Berkshire Hathaway reveals 14.6% stake
By Jonathan Stempel – Occidental Petroleum Corp shares rose on Thursday after Warren Buffett’s Berkshire Hathaway Inc said it spent nearly $1 billion on additional shares in the oil company, giving it…
Exor increases stake in telecom operator Veon to more than 5%
MILAN – Exor, the holding company of Italy’s Agnelli family, has increased its stake in Dutch-based mobile network operator Veon to 5.08% as of March 3, documents published by the Dutch Authority…
Velodyne says founder David Hall and wife Marta slash stake to about 10%
– Sensor maker Velodyne Lidar Inc said on Monday founder David Hall and wife Marta Hall have cut their stake in the company to 10.1% from 42.9%. David Hall also reported that…
Suburban Propane Partners, L.P. Announces Deal to Acquire 25% Equity Stake in Independence Hydrogen
WHIPPANY, N.J., March 10, 2022 — Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, renewable propane, and other energy sources; including low carbon alternatives, today announced it purchased a 25%…
Russian billionaire Moshkovich cuts stake in Rusagro to below 50%
– Billionaire Vadim Moshkovich, the founder and top shareholder of Russia’s Rusagro, has cut his stake in the farming conglomerate to below 50%, the London-listed company said after he was terminated as…
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 seen by…
For BP’s CEO, Russian exit eased by reservations about Rosneft stake
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, including separating…
Ackman’s Pershing Square takes new stake in Canadian Pacific
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 a boost…
Explainer-What’s at stake in France’s presidential election campaign
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 for a…
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