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…
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, but still faces a tough road ahead…
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 to its board after a decline in…
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 of dollars in proceeds from the company’s…
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 potential buyers of Photon’s PNE stake, PNE…
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 airline ITA Airways, paving the way for…
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, a food processing and logistics unit of…
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 in Bayer, as the German drugs and…
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 on Friday, as the social media giant…
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 cell system maker for hydrogen mobility, the…
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 the figure cited by a local government…
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 his stake of around 10% in the…
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 by a third party, a Hong Kong…
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 a business that holds its projects 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 Stanley, Bloomberg News reported on Friday. A…
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 the government’s stake in its Jubarte oilfield,…
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 VICI Properties Inc for about $1.27 billion…
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 for a congressional investigation into a Chinese…
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 digital media company MLB Advanced Media. Disney…
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 logistics arm Cainiao, in a deal that…
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 to a statement on its website. In…
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 Metals Corp to its portfolio, a regulatory…
Buffett’s Berkshire sheds large portion of US Bancorp stake
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, said on Thursday it has shed more than 91 million US Bancorp shares since the start of the year, reducing…
Berkshire trims stake in China’s BYD H-shares worth HK$560 million – filing
HONG KONG (Reuters) – Berkshire Hathaway Inc, the investment firm owned by Warren Buffett, has sold 3.297 million Hong Kong-listed shares of electric vehicle maker BYD for HK$560.05 million ($71.35 million), according…
Carl Icahn owns over 8% stake in beverage-can maker Crown Holdings -WSJ
(Reuters) – Carl Icahn has a more than 8% stake in Crown Holdings Inc, the Wall Street Journal reported on Wednesday, adding that the activist investor believes the beverage-can maker should shed…
Prosus and Naspers deny report they are in talks to sell Tencent stake
AMSTERDAM (Reuters) -Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as “untrue” a report that they are in talks to sell their large stake in Chinese…
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