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…
Australia’s CBA to sell 10% stake in Bank of Hangzhou for $1.31 billion
– 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 nearly two-decade-old…
BP Sells Stake In Russian Energy Firm, Opening Door For China
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 in Rosneft…
CPI Property secures 53% stake in Immofinanz in tender offer
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 whose acceptance…
Rosatom’s application to buy stake in German reprocessing plant withdrawn – German minister
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power company Rosatom for permission to buy a stake in a nuclear fuel reprocessing plant in Lingen in Germany has been withdrawn, German Energy…
Telecom Italia weighs sale of INWIT stake as workers stage strike
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 its finances,…
Russia’s Lukoil spends $1.5 billion to raise stake in Azeri gas project
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 for $1.45…
Yara buys 14% stake in Brazil farm trade platform Orbia
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 trade platform…
CVC, Brookfield among bidders for stake in Starbucks Mideast franchise – sources
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 Starbucks franchise…
Commerzbank shares fall after finance minister says govt to shed stake in future
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 in the…
Siemens to sell its 50% stake in the Valeo Siemens e-Automotive joint venture
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), the German…
BlackRock raises stake in scandal-hit French care group Orpea’s capital
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 said in…
Activist hedge fund Elliott reveals stake in U.S. utility NiSource
– 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 utility to…
Unilever to cut jobs across all regions as Peltz builds stake -source
– 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 thousands”, the…
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