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 …
stake
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 …
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 …
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 …
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 …
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. …
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 …
Rosatom’s application to buy stake in German reprocessing plant withdrawn – German minister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 …
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 …
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 …
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 …
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, …
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 …
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 …
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 …