Grifols shares soar on possible sale of $1.5 billion stake in Shanghai RAAS
MADRID (Reuters) – Shares in Spanish pharmaceutical Grifols soared on Wednesday morning after it disclosed a plan to reduce its stake in Shanghai RAAS in …
stake
Apollo, Bain, possible bidders for Fujitsu’s $2.7 billion stake in Shinko – Bloomberg News
(Reuters) – Fujitsu Ltd’s controlling stake in Shinko Electric Industries Co has attracted interests from Apollo Global Management Inc and Bain Capital as potential bidders, …
Colombia’s Gilinski signs MoU to exit stake in Grupo Sura
BOGOTA (Reuters) – Colombia’s Gilinski Group signed a Memorandum of Understanding (MoU) to exit its stake in the country’s largest investment firm, Grupo Sura and …
Exclusive-Malaysian tycoon weighs selling a stake in $2.7 billion port business -sources
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings – a deal …
Berkshire Hathaway boosts stake in Occidental Petroleum to 24.4%
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc said on Thursday it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the …
Gains in diversity among Hollywood writers at stake in strike
By Danielle Broadway LOS ANGELES (Reuters) – As the Writers Guild of America strikes to bring about better pay and work security in a streaming …
Mike Ashley’s Frasers raises stake in online retailer ASOS
(Reuters) – Britain’s Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the Mike Ashley-owned sportswear retailer continues …
Comcast likely to sell Hulu stake to Disney by early 2024 – CNBC
(Reuters) – Comcast Corp will likely sell its 33% stake in streaming platform Hulu to Walt Disney Co early next year, CNBC reported on Tuesday, …
Exclusive-Glencore’s bid for Teck spurs call for Canada pensions to up domestic equity stake
By Divya Rajagopal TORONTO (Reuters) – Glencore’s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to …
Brazil’s Americanas looking for buyer for stake in Grupo Uni.co
SAO PAULO (Reuters) – Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started …
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla …
Spain gives Vivendi approval to raise stake in media group Prisa
MADRID (Reuters) – Spanish media company Prisa said on Friday its second-largest shareholder Vivendi, had obtained the Spanish government’s go-ahead to raise its stake in …
Freeport Indonesia must divest additional 10% stake to govt – minister
By Fransiska Nangoy and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s investment minister said on Wednesday that copper miner Freeport Indonesia must agree to sell an …
Goldman Sachs lifts UniCredit stake to 7.6%
MILAN (Reuters) – Goldman Sachs had raised a stake in Italian bank UniCredit it built mostly through various financial derivative contracts to 7.62% as of …
Buffett says geopolitics a factor in Berkshire sale of TSMC stake
(Reuters) – Warren Buffett called geopolitical tensions “a consideration” in Berkshire Hathaway Inc’s decision to sell most of its stake in Taiwanese chipmaker TSMC just …
Deutsche Telekom reaches majority stake in T-Mobile U.S. – CEO
(Reuters) – Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday. The company reached …
Berkshire Hathaway stake in Occidental Petroleum rises to 23.6%
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 …
Early Voting Ramps Up For Swing State’s Supreme Court Race. Here’s What’s At Stake
Early Voting Ramps Up For Swing State’s Supreme Court Race. Here’s What’s At Stake Mary Lou Masters on March 21, 2023 Early voting for the …
Geely Chair Li Shufu sells his stake in Daimler Truck
BERLIN (Reuters) – Tenaciou3 Prospect Investment has sold its entire stake in Daimler Truck, a Daimler Truck spokesperson said on Friday. “We can confirm that …
Berkshire Hathaway buys more Occidental shares, stake rises to 23.1%
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc purchased more Occidental Petroleum Corp shares, increasing its stake in the oil company to about 23.1%, a regulatory …
Exxon considers selling stake in LNG terminal offshore Italy
By Sabrina Valle and Francesca Landini HOUSTON (Reuters) – Exxon Mobil Corp. is considering selling its majority stake in the Rovigo LNG terminal offshore Italy …
French retailer Casino selling down stake in Brazil’s Assai
PARIS (Reuters) -Casino on Tuesday launched a sale of shares in Brazilian supermarket chain Assai as the French supermarket operator presses on with cutting its …
Exclusive-Malaysia’s Edotco, backers plan stake sales in hot telco towers market -sources
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -Asia-focussed telecoms tower firm Edotco Group, its Malaysian parent Axiata and a Japanese backer are in talks …
Berkshire Hathaway resumes Occidental purchases, stake reaches 22.2%
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc has resumed its purchases of Occidental Petroleum Corp shares after a five-month hiatus, increasing its …
GE to slash stake in aircraft lessor AerCap
(Reuters) – AerCap Holdings NV said on Tuesday a unit of General Electric Co is selling 18 million shares, worth $1.12 billion, of the aircraft …
Bill Gates buys Heineken stake, despite saying he’s ‘not a big beer drinker’
AMSTERDAM (Reuters) – Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV, although the billionaire founder of Microsoft has previously said …
TSMC shares fall after Berkshire cuts stake
TAIPEI (Reuters) – Shares in Taiwan’s TSMC opened 3.3% lower on Wednesday after Warren Buffett’s Berkshire Hathaway Inc slashed its stake in the chipmaker. Berkshire …
Roche buys back shares as family group reduces voting stake in drugmaker
ZURICH (Reuters) – Roche has bought 540,000 of its own shares, the company said on Friday, as a member of its controlling family group scaled …
Third Point owns Salesforce stake, talks Bath & Body Works changes
By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Third Point LLC owns a stake in Salesforce Inc at the same time the software company …
Analysis-Renault cuts Nissan stake, shedding conglomerate discount may be tougher
By Gilles Guillaume and David Dolan LONDON/TOKYO (Reuters) – Renault SA has taken big steps to simplify its complicated alliance with Japan’s Nissan Motor Co, …
Investor Ryan Cohen takes stake in Nordstrom – WSJ
(Reuters) – Activist investor Ryan Cohen is racking up a sizable stake in Nordstrom Inc and plans to urge the department-store chain to make changes …
Late Subway co-founder’s stake donated in potential tax shield
By Abigail Summerville NEW YORK (Reuters) – Subway’s late co-founder has left his 50% stake in the sandwich chain to his philanthropic foundation, protecting billions …
German renewables firm PNE says Morgan Stanley no longer pursuing stake sale
BERLIN (Reuters) – Morgan Stanley’s infrastructure investment arm informed the board of German renewables firm PNE AG that it is no longer pursuing talks with …
Italy, Lufthansa sign letter of intent over ITA minority stake sale
ROME (Reuters) -Italy’s Treasury on Friday said it had signed a letter of intent with Lufthansa over the sale of a minority stake in state-owned …
China’s COSCO SHIPPING Holdings to pay over $800 million for 5.8% stake in COFCO Fortune
BEIJING/HONG KONG (Reuters) – China’s COSCO SHIPPING Holdings has agreed to pay 5.5 billion yuan ($814 million) to buy a 5.8% stake in COFCO Fortune, …
Investor Ubben takes 0.8% stake in Bayer, boosting share price
FRANKFURT (Reuters) – Activist investment fund Inclusive Capital Partners, run by hedge fund veteran Jeffrey Ubben, said on Monday it had acquired a 0.83% stake …
Fidelity marks down value of Twitter stake by 56%
(Reuters) – Fidelity funds slashed the value of their Twitter stake by 56% in November, according to a monthly disclosure by the investment firm released …
Stellantis in talks to buy ‘substantial’ stake in hydrogen mobility company Symbio
MILAN (Reuters) – Stellantis has entered exclusive talks with France’s Faurecia and Michelin to buy a “substantial” stake in their Symbio joint venture, a fuel …
Vinci says $820 million used to buy Mexico airport stake, not renovation as governor claimed
MEXICO CITY (Reuters) – France’s Vinci on Tuesday clarified that it was not currently investing $820 million in renovating a key Mexican airport, saying that …
Ferrari heir sets up succession with trust for supercar firm stake
MILAN (Reuters) – Piero Ferrari, son of founder Enzo and the second largest shareholder in Ferrari, set up a family trust this month to manage …
China Evergrande’s stake in services unit drops to 51.7% on forced selling – filing
HONG KONG (Reuters) – China Evergrande Group’s shareholding in its property services unit has fallen to 51.71% from 58.18% after forced selling of pledged shares …
Developer China South City sells 70% stake in Xian projects for $717 million
HONG KONG (Reuters) – Chinese logistics and commercial developer China South City Holdings Limited said it had agreed to sell a nearly 70% shareholding in …
Alibaba co-founder Joseph Tsai to reduce stake in company- Bloomberg News
(Reuters) – Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan …
Brazil’s Petrobras reaches deal with regulator on govt stake in oilfield
SAO PAULO (Reuters) – Brazilian state-run oil company Petrobras has reached a deal with oil regulator ANP to pay 780 million reais ($146.38 million) regarding …
Blackstone to sell stake in MGM Grand, Mandalay Bay to VICI Properties
(Reuters) -Blackstone Inc will sell its 49.9% stake in the joint venture that owns the MGM Grand Las Vegas and Mandalay Bay resorts to co-owner …
GOP Lawmakers Call For ‘Investigation’ Into Chinese Firm’s Potential Stake In Key Nevada Lithium Mine
GOP Lawmakers Call For ‘Investigation’ Into Chinese Firm’s Potential Stake In Key Nevada Lithium Mine Jack McEvoy on November 30, 2022 Republican lawmakers are calling …
Disney buys MLB’s stake in streaming firm BAMTech for $900 million
(Reuters) – Walt Disney Co disclosed on Tuesday that it has taken full control of BAMTech, a video-streaming firm spun off from Major League Baseball’s …
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) – Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s …
China approves 20 M&A deals, including INEOS stake buy in Shanghai SECCO Petrochem
BEIJING (Reuters) – China’s market regulator on Wednesday approved 20 merger and acquisition transactions without conditions, including INEOS Co.’s acquisition of Shanghai SECCO Petrochemical’s stake, according …
Elliott raises stake in Pinterest; adds Clarivate, Cardinal Health to portfolio
(Reuters) – Hedge fund Elliott Investment Management raised its stake in social media platform Pinterest while adding Clarivate Plc, Cardinal Health and Triple Flag Precious …