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…
JPMorgan buys a 10.6% stake in Spanish defence company Indra
(Reuters) – JPMorgan bought a 10.6% stake in Spanish defence systems maker Indra, the stock market regulator said on Thursday. Following the transaction, JPMorgan has become the second-largest shareholder after Spanish state…
Global firms rush to buy Alipay’s stake in India’s Zomato
(Reuters) – Global money managers and banks ranging from Vanguard to Goldman Sachs as well as the Singapore government rushed to grab a slice of Zomato after Chinese payments group Alipay offloaded…
Exclusive-Alter Domus owners pursue stake sale in fund administrator –sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – The owners of fund administrator Alter Domus are pursuing the sale of a stake in the Luxembourg-based group that could value it…
Italy’s Salvini says would consider a sound plan to sell railway stake
ROME (Reuters) – Italian Infrastructure and Transport Minister Matteo Salvini said on Tuesday he was not necessarily against selling stakes in state-controlled railways group Ferrovie dello Stato, but at the moment, no…
Italy raises $1 billion from Monte dei Paschi’s 25% stake sale
By Giuseppe Fonte and Valentina Za MILAN (Reuters) -Italy attracted strong interest from funds when it sold 25% of Monte dei Paschi di Siena (MPS) for 920 million euros ($1 billion) on…
Quebec expects possible profit with planned sale of A220 jet program stake in 2030
By Allison Lampert MONTREAL (Reuters) – Quebec expects to be in the black when it exits its minority stake at the end of the decade in Airbus’s now money-losing A220 narrowbody jet…
Leonardo focuses on European alliances as it trims DRS stake in US
By Giulia Segreti and Alvise Armellini ROME (Reuters) – Italy’s Leonardo is trimming its stake in U.S. unit DRS as new CEO Roberto Cingolani looks to expand the state-controlled group with major…
Italy’s Leonardo to offer 6.3% stake in US subsidiary in share sale
(Reuters) – Italy’s state-controlled defence and aerospace group Leonardo on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS on the market. The 16.5 million shares…
Greece’s National Bank attracts strong demand in 20% stake sale – source
By Lefteris Papadimas ATHENS (Reuters) – Demand for a 20% stake in Greece’s National Bank (NBG) held by the country’s bank bailout fund was covered by more than six times on Tuesday,…
Trian reports new position in Allstate, increased stake in Disney
By Svea Herbst-Bayliss NEW YORK (Reuters) – Trian Fund Management said in a regulatory filing on Tuesday that it owns 3.6 million shares in insurer Allstate Corp and had raised its stake…
Norway wealth fund buys 45% stake in Boston properties
COPENHAGEN (Reuters) – Norway’s sovereign wealth fund on Tuesday said it had agreed to buy a 45% stake in two properties in Boston in a joint venture with U.S. based real estate…
Pension fund AustralianSuper raises stake in Origin Energy to 16.50%
(Reuters) – Pension fund AustralianSuper has increased its stake in Origin Energy to 16.50%, the Australian power producer said in an exchange filing on Tuesday. The stake increase by AustralianSuper, Origin Energy’s…
Google-parent Alphabet dissolves stake in trading app Robinhood
(Reuters) -Google-parent Alphabet said on Monday it had dissolved its stake in trading app operator Robinhood Markets. The disclosure comes months after Alphabet slashed its stake in the company by nearly 90%.…
Walgreens cuts Cencora stake further in $674 million share sale
(Reuters) – Walgreens Boots Alliance has further lowered its stake in Cencora, formerly known as AmerisourceBergen Corp, by selling shares worth about $674 million, the U.S. drugstore chain said on Thursday. After…
Ping An exited its Country Garden stake, has no takeover plan – Bloomberg News
(Reuters) – Ping An Insurance Group sold all of its shares in Country Garden Holdings Co and has no plans to acquire the distressed developer, Bloomberg News reported on Wednesday, citing people…
Canada’s OMERS buys 5% indirect stake in Toronto Raptors-parent MLSE for $400 million
(Reuters) – Canadian pension plan OMERS said on Monday it will acquire a 5% indirect stake in Maple Leaf Sports & Entertainment (MLSE), the parent company of hockey’s Toronto Maple Leafs and…
Explainer-What’s at stake in Telecom Italia grid deal?
MILAN (Reuters) – Telecom Italia (TIM) on Sunday approved the sale of its fixed-line network to U.S. private equity firm KKR in a deal that would make it the first telecoms group…
Exclusive: Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources
By Xie Yu and Julie Zhu HONG KONG (Reuters) – China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts into about a 30% equity…
Exclusive-Britain’s Virgin Media O2 nears stake sale in towers business to GLIL – sources
By Amy-Jo Crowley, Andres Gonzalez and Paul Sandle LONDON (Reuters) – Virgin Media O2 is in exclusive talks to sell a slice of its shareholding in Britain’s largest mobile tower network to…
Portugal to define size of TAP stake for sale once proposals submitted – minister
By Sergio Goncalves LISBON (Reuters) – Portugal will decide on the size of the stake it will sell in flag carrier TAP once competitors present their proposals, Infrastructure Minister Joao Galamba told…
Engaged Capital takes stake in VF Corp, stock jumps
NEW YORK (Reuters) – Engaged Capital’s Chris Hetrick says the firm has built a position in apparel brand owner VF Corp and says the company is mismanaged and that its stock price…
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 reported on Tuesday, citing people familiar with…
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 Exito to Grupo Calleja. Casino’s board on…
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 on Wednesday, potentially hindering a takeover bid…
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 gas pipeline network in the Gulf of…
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