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…
Tag
stake
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…
Business
Australia’s CBA sells another 10% stake in Vietnam’s VIB
COMMONWEALTH Bank of Australia (CBA) has sold a 10 per cent stake in Vietnam International Commercial Joint Stock Bank (VIB) it said on…
Business
Japanese brokerage Daiwa’s Q2 profit jumps 80% on Aozora stake
It also posts a rise in non-operating income of 21.6 billion yen in the quarter due to Aozora being an equity-method affiliate JAPAN’S…
Business
M1 to acquire 70% stake in Vietnamese IT solutions provider for 719.9 billion dong
MOBILE network operator M1 is acquiring a 70 per cent stake in Vietnam-based IT solutions provider, ADG National Investment and Technology…
Business
Citic to sell stake in McDonald’s China, HK operations for US$430.3 million
CHINA’S state-owned Citic has agreed to sell its 19.23 per cent stake in the company that operates fast-food chain McDonald’s across China…
Business
UBS sells its 50% stake in Swisscard to American Express
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50 per cent stake in…
Business
US-based Capital group divests 1.7% stake worth Rs 148 cr in IT firm Mastek
Shares of Mastek rose 4.65 per cent to close at Rs 2,904.25 apiece on the BSE. | Representative Image 1 min read Last Updated : Oct 15…
Business
Dutch to cut ABN Amro stake further as exits gather pace
THE Dutch government plans to sell more shares in ABN Amro Bank, joining states across Europe in speeding up the exit from banks that were…
Business
Saudi fund trims Nintendo stake after saying it wants more
Its ownership in the company falls to 7.54% from 8.58%, a filing to Japan’s finance ministry shows SAUDI Arabia’s sovereign wealth fund…
Business
Saudi Arabia’s PIF mulls larger stake in Nintendo: report
SAUDI Arabia’s Public Investment Fund (PIF) is considering raising its stakes in Nintendo and other Japanese gaming companies, Kyodo News…
Business
Investor sells 8.45% of R Systems for Rs 465 cr, Goldman picks up stake
Shares of R Systems International jumped 7.28 per cent to close at Rs 504 apiece on the BSE. 2 min read Last Updated : Oct 04 2024 | 9:36…
Business
Temasek in talks for US$1 billion-plus stake in India’s biggest snack maker
TEMASEK Holdings is in talks to buy a minority stake in Haldiram Snacks, sources familiar with the matter said, a transaction that may…
Business
7-Eleven owner seeking to sell off part of stake in banking unit
SEVEN & i Holdings, the convenience-store operator facing a takeover approach from Canada’s Alimentation Couche-Tard, is exploring the…
Business
GIC agrees to buy 25% stake in EQT-backed waste company Reworld
The waste solutions provider serves municipal, residential, commercial and industrial customers in North America SINGAPORE’S sovereign…
Business
Pfizer raises US$3.2 billion by selling part of Haleon stake
Pfizer increased the number of shares to 640 million from 540 million after the sale began Pfizer has raised about US$3.2 billion from the…
Business
Hydra Trading sells 1.24% stake in RBL Bank for Rs 152 crore in open market
The shares were sold at an average price of Rs 203 apiece, taking the deal value to Rs 152.49 crore. | Photo: Shutterstock 2 min read Last…
Business
Malaysia’s Sarawak state secures largest stake in Affin Bank
MALAYSIA’S Sarawak state has emerged as the largest shareholder in Affin Bank after finalising a long-delayed deal to acquire additional…
Business
Medco Energi in talks to buy controlling stake in Senoko: sources
Medco Energi Internasional is in exclusive talks to buy a controlling stake in Senoko Energy, according to people with knowledge of the…
Business
UOL, SingLand in preliminary talks to acquire half stake in Sydney building
PROPERTY developers UOL and Singapore Land (SingLand) are in preliminary confidential discussions with an unnamed party on the potential…
Business
Nomura, Mizuho leading bidders for majority stake in Avendus Capital
KKR bought the stake in Avendus in 2015 for around $115 million and agreed to invest more money in 2017, according to the company’s…