Vanguard sells stake in joint venture with Ant – Bloomberg News
(Reuters) – U.S. asset management giant Vanguard Group has sold its 49% stake in a joint venture with Jack Ma-backed Ant Group Co, Bloomberg News …
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French retailer Casino agrees initial deal to sell stake in Exito Group
PARIS (Reuters) -Indebted French supermarket chain Casino said on Monday it had agreed an initial deal to sell its stake in Latin American retailer Almacenes …
Australian billionaire Gina Rinehart accumulates 19.9% stake in Albemarle target Liontown
By Scott Murdoch SYDNEY (Reuters) – Australian billionaire Gina Rinehart has taken a 19.9% stake in lithium miner Liontown Resources, her company Hancock Prospecting said …
BP explores $1 billion US pipelines stake sale -sources
By Shariq Khan, David French and Ron Bousso (Reuters) – BP Plc is exploring the sale of a 49% stake in its U.S. oil and …
Elon Musk must face fraud lawsuit for disclosing Twitter stake late
By Jonathan Stempel NEW YORK (Reuters) – Elon Musk was ordered by a U.S. judge to face most of a lawsuit claiming he defrauded former …
Former CNN Chief Jeff Zucker buys stake in Front Office Sports
(Reuters) – Jeff Zucker-led RedBird IMI has invested in Front Office Sports (FOS) and the former CNN president will join its board as co-chair, the …
SingTel to sell stake in Trustwave for $205 million
(Reuters) – Singapore Telecommunications on Monday said it entered into an agreement with MC2 Titanium, LLC to sell its stake in cyber security business Trustwave …
Exclusive-Singapore’s GIC among bidders vying for stake in Vietnam’s third largest grocery chain – sources
By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Singapore’s sovereign wealth fund GIC is among investors vying to buy up to 20% stake in …
Xavier Niel buys Czech investor Kretinsky’s stake in Le Monde
PARIS (Reuters) – NJJ Presse, a holding of French telecoms maverick Xavier Niel, has purchased Czech billionaire Daniel Kretinsky’s stake in daily Le Monde and …
In New York, Biden says he is running for re-election because democracy is at stake
By Steve Holland NEW YORK (Reuters) – U.S. President Joe Biden, who is raising cash for his re-election campaign while visiting New York for meetings …
KKR to acquire stake in SingTel’s regional data centre unit for $807 million
By Navya Mittal and Yantoultra Ngui (Reuters) -Singapore Telecommunications (SingTel) said on Monday global investment firm KKR will acquire a 20% stake in SingTel’s regional …
Berkshire sells some HP shares after taking big stake last year
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway said on Wednesday it has sold about 5.5 million shares of HP, undoing part of what …
Billionaire Ron Baron owns over $1 billion stake in Musk’s SpaceX – CNBC
(Reuters) – Billionaire investor and fund manager Ron Baron said on Wednesday he owned more than $1 billion worth of shares in Elon Musk’s rocket …
Walmart to explore buying majority stake in ChenMed -Bloomberg News
(Reuters) – Walmart Inc is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, Bloomberg News reported …
Saudi Arabia’s STC Group to become Telefonica top shareholder with 9.9% stake
By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI (Reuters) – Saudi Arabia’s STC Group has amassed a 9.9% stake in …
Former Treasury Secretary Mnuchin’s PE fund buys Lions Gate Entertainment stake
(Reuters) – Liberty 77 Capital LP, a private equity fund set up by former U.S. Treasury Secretary Steve Mnuchin, has bought a 5.5% stake in …
Exclusive: Barclays explores sale of stake in $2.5 billion UK payments unit – sources
By Amy-Jo Crowley, Pablo Mayo Cerqueiro and Milana Vinn LONDON/NEW YORK (Reuters) – Barclays Plc is exploring the sale of a stake in the unit …
SoftBank fund cuts stake in India’s Zomato in $115-million deal
BENGALURU (Reuters) – SoftBank Vision Fund on Wednesday sold a 1.17% stake in Indian food delivery firm Zomato in a deal valued at 9.47 billion …
JPMorgan increases stake in Brazilian digital bank C6 to 46%
By Tatiana Bautzer NEW YORK (Reuters) – JPMorgan Chase & Co has increased its stake in Brazilian digital bank C6 to 46% from 40%, the …
Shares of Country Garden set to rise after it sells stake in development
HONG KONG (Reuters) – Shares of Country Garden are set to rise 14.8% on Monday after it sold a minority stake in a mixed development …
Investors Millstone and Winter build 3.05% stake in Clariant
ZURICH (Reuters) – Investors David Winter and David Millstone have built a 3.05% stake in Clariant, filings on Swiss bourse SIX showed on Friday, buying …
QIA to take stake in Ambani retail firm at $100 billion valuation
BENGALURU (Reuters) -Qatar Investment Authority will invest $1 billion for a 1% stake in India’s Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani’s …
J&J to hold 9.5% stake in Kenvue after share exchange offer
(Reuters) – Johnson & Johnson said on Monday it was expecting to retain a stake of about 9.5% in its newly separated consumer health unit, …
SoftBank buys Vision Fund’s stake in Arm at valuation of $64 billion-sources
By Anirban Sen NEW YORK (Reuters) – SoftBank Group Corp has acquired the 25% stake in Arm Ltd it does not directly own from its …
Goldman Sachs used derivatives to help Exor build $2.8 billion Philips stake, filings show
By Toby Sterling, Pablo Mayo Cerqueiro and Andres Gonzalez AMSTERDAM (Reuters) – Investment company Exor was able to build a 15% stake in Dutch healthcare …
Loss-making Wheels Up to give 95% stake to lenders for $500 million
(Reuters) -Money-losing private jet charter company Wheels Up Experience said on Tuesday it would give up 95% of its common stock in return for a …
Activist investor Elliott Investment Management dissolves stake in PayPal
(Reuters) – Activist investor Elliott Investment Management has dissolved its stake in payments giant PayPal, according to a filing with the U.S. Securities and Exchange …
MSCI to acquire remaining stake in Burgiss for $697 million in cash
(Reuters) – Index provider MSCI said on Monday it will acquire the remaining 66% of Burgiss Group, a New Jersey-based provider of data and analytics …
Australia’s Woodside to sell 10% stake in Scarborough to LNG Japan for $500 million
By Himanshi Akhand (Reuters) -Woodside Energy Group said on Tuesday it had entered a deal with LNG Japan to sell a 10% participating interest in …
Electric Bus Company Biden Energy Secretary Once Had Stake In Goes Belly Up
Electric Bus Company Biden Energy Secretary Once Had Stake In Goes Belly Up Nick Pope on August 7, 2023 Proterra, the electric bus company at …
Walgreens sells $1.85 billion of AmerisourceBergen shares, further cutting stake
(Reuters) – Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of about $1.85 billion, the U.S. drugstore chain said on Thursday, further …
Brazil’s Vale to sell 13% stake in base metals unit for $3.4 billion
By Peter Frontini SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base …
Explainer-What is at stake for the United States in Niger?
By Daphne Psaledakis and Simon Lewis WASHINGTON (Reuters) – Soldiers in Niger declared a military coup on Wednesday, overthrowing President Mohamed Bazoum. The landlocked nation, …
Todd Boehly-backed insurer Accelerant mulls IPO, stake sale, CEO says
By Pablo Mayo Cerqueiro, Echo Wang and David French LONDON/NEW YORK (Reuters) – Accelerant is planning to raise fresh capital next year in a deal …
Activist investor Elliott takes stake in drug manufacturer Catalent – source
By Maggie Fick LONDON (Reuters) – Activist investor Elliott Investment has taken a stake in contract drugmaker Catalent, a source familiar with the matter told …
Colombian tycoon makes offer for Exito stake held by Brazil’s GPA
(Reuters) – Brazilian retailer GPA announced it received a new offer from Colombian billionaire Jaime Gilinsky to buy part of GPA’s stake in its Colombian …
Buffett cut Activision stake before judge approved Microsoft merger
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway sold 70% of its investment in Activision Blizzard in the second quarter, appearing to miss out …
Explainer-Are LGBTQ+ rights at stake in Spain’s election?
By Enrique Anarte MADRID (Thomson Reuters Foundation) – The rights of gay, lesbian, bisexual and transgender people have taken centre stage ahead of Spain’s July …
Moscow takes control of Russian subsidiary of Danone and Carlsberg’s stake in brewer
MOSCOW (Reuters) -The Russian state has taken control of French yoghurt maker Danone’s Russian subsidiary along with beer company Carlsberg’s stake in a local brewer, …
Chindata says largest shareholder Bain will not sell stake after rival bid
(Reuters) – Chindata Group Holdings said on Thursday Bain Capital, its largest shareholder, did not intend to sell any of its shares in the Chinese …
Kim Kardashian in talks to buy back beauty firm stake from Coty – WSJ
(Reuters) -Kim Kardashian is in talks with Coty to buy back a minority stake in her beauty firm from the fragrance and cosmetics company, the …
Saudi National Bank was denied taking 40% Credit Suisse stake -report
VIENNA (Reuters) – Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so …
Glencore proposes to buy remaining stake of PolyMet
(Reuters) – Glencore Plc said on Monday it had proposed to buy the remaining stake in copper miner PolyMet Mining it does not already own …
Temasek sells 1.85% stake in Singapore Airlines, remains top investor
By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – Singapore’s state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or …
Exclusive-Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm – sources
By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an …
Blackstone weighing offers for Bellagio casino stake – Bloomberg News
(Reuters) – U.S. investment giant Blackstone Inc is fielding offers for half of its interest in the real estate of the Bellagio hotel in Las …
Group Black to buy majority stake in Sports Illustrated publisher – WSJ
(Reuters) – Group Black is in talks to buy a majority stake in Arena Group Holdings Inc, the publisher of Sports Illustrated magazine, the Wall …
PE firm Carlyle to sell stake in India’s Delhivery for at least $86 million
BENGALURU (Reuters) – Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery via its special purpose vehicle for …
Telecom Italia sounds out buyers for stake in enterprise unit -Bloomberg News
(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at more than 6 billion euros …
Bain Capital plans to sell stake worth $267 million in India’s Axis Bank – report
BENGALURU (Reuters) – U.S. private equity firm Bain Capital is looking to sell a 0.7% stake in India’s Axis Bank worth as much as $267 …