Business
ST Telemedia sells majority stake in Malaysian telecom firm U Mobile
Singapore Technologies Telemedia said on Wednesday (Dec 4) Malaysia’s Mawar Setia will acquire a majority stake in the company’s U Mobile…
Tag
stake
Business
GM to sell its stake in Michigan EV battery plant to LG Energy
GENERAL Motors (GM) is selling its stake in an electric vehicle (EV) battery plant in Lansing, Michigan, to South Korean partner LG Energy…
Business
EQT and GIC to acquire majority stake in UK’s Calisen from consortium of investors
PRIVATE equity firm EQT and Singapore’s sovereign wealth fund GIC will acquire a majority stake in UK’s Calisen, more than four years…
Business
Digital Core Reit responds to unitholders on proposed acquisition of additional stake in Frankfurt data centre
UNITHOLDERS of Digital Core Real Estate Investment Trust (Reit) have bombarded its manager with questions relating to its acquisition of a…
Business
First Sponsor to increase stake in Netherlands’ NSI for 18.9 million euros
Acquisition will be funded by net proceeds from a rights issue of perpetual convertible capital securities in September FIRST Sponsor is…
Business
Philip Ng raises stake in Vitasoy, prompting speculation of takeover
CEO Roberto Guidetti says it’s ‘open’ to potential business collaboration as company’s shares jumped the most on record VITASOY…
Culture
Adani Wilmar said to defer stake sale amid US bribery charges
Local securities law requires at least 25% of the holding to be with non-founders within three years of listing Adani Enterprises and…
Business
Sats unit to shed stake in Saudi Arabia subsidiary for S$52.6 million
IN-FLIGHT caterer and ground handler Sats intends to divest 49 per cent of its interest in its Saudi Arabia cargo-handling subsidiary for…
Business
Paragon Reit to divest its majority stake in Australian shopping mall for A$192 million
Trust holds an 85 per cent interest in property; remainder is held by listed fund manager MA Financial PARAGON Reit Management, the…
Business
China’s Trustar raises US$1 billion for vehicle that holds McDonald’s China stake: sources
TRUSTAR Capital has raised US$1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in…
Business
Starbucks is said to consider selling stake in Chinese business
STARBUCKS is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to…
Business
ADIA, GIC said nearing Pye-Barker Fire & Safety minority stake
The Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC are in advanced talks to acquire a minority stake in Pye-Barker Fire &…
Business
ADIA, GIC in talks to acquire Pye-Barker Fire & Safety minority stake: sources
The Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC are in advanced talks to acquire a minority stake in Pye-Barker Fire &…
Business
Nissan surges most since 2009 after activist Effissimo takes 2.5% stake
NISSAN Motor shares jumped the most in 15 years after an activist investor took a 2.5 per cent stake in the embattled Japanese automaker.…
Business
Quarz pares stake in Sabana Reit as Volare adds
The transaction increases Volare’s deemed interest in the trust to 19.79% from 17.79% SWISS group Volare has scooped up the 22.5 million…
News
Gold, prices, and jobs: What's at stake in Ghana's elections?
Ghana is due to get a new president after December’s election. The current vice-president, Mahamudu Bawumia, and a former head of state,…
Business
BlackRock in talks to buy minority stake in Millennium: sources
BLACKROCK is in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the…
Business
Anglo-American to sell stake in Australian steelmaking coal mines for US$1.1 billion
UK-based Anglo-American said on Monday (Nov 4) that it will sell its minority stake in a joint venture that owns a 70 per cent interest in…
Business
Buffett keeps cutting Apple stake, with value down 60% this year
BERKSHIRE Hathaway’s continued sales of Apple shares in the third quarter left the conglomerate’s stake at a fraction of its size at the…
Business
CDL acquires 51% stake in Shanghai mixed-used site for 4.6 billion yuan
CITY Developments Ltd (CDL), together with its partner in China, Lianfa Group, have been awarded the tender for a mixed-use development…
Business
Olam said to be in advanced talks with Saudi Arabia to sell agribusiness stake
Saudi Agricultural & Livestock Investment Company currently holds a 35.4% minority stake in Olam Agri after investing US$1.24 billion in…
Business
Olam exploring sale of remaining agribusiness stake to Saudis
OLAM Group has received a non-binding indicative offer for its remaining 64.57 per cent stake in Olam Agri from Saudi Agricultural &…
Business
Hot stock: Olam surges to record high on potential agribusiness stake sale
Saudi Agricultural & Livestock Investment Company now holds a 35.4% minority stake in Olam Agri after investing US$1.24 billion in the…