Category: stake
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Taxpayers lose largest-shareholder status in Natwest as Blackrock overtakes government stake
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The government abandoned its position as the largest shareholder in Natwitist for the first time in more than 15 years, with its share sliding to 5.93 percent. This represents an important moment in the state’s decline in the bank’s rescue plan of 45.5 billion pounds – known as Royal Bank…
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Gambling site Stake shut down after investigation into controversial porn star ads
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UK operations are scheduled to be suspended for GIANT Stake next month after the investigation by the Gambling Committee in controversial advertising practices that include adult content. Stake, an online casino platform and a betting platform known as Everton Football Club, has been scrutinized after a wide -scale video on…
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Activist Elliott said to build stake in struggling oil major BP
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(Bloomberg) – Elliott Investment Management has built a large stake in BP PLC, according to the people familiar with the matter, as the British are struggling with the confidence of investors and reverse years of performance. Most of them read from Bloomberg People said that the activist fund seeks to…
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Retail chain KSP to sell 25% stake at NIS 2.3b valuation
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Altshuler Shaham Investment House leads a group of institutional investors, which will get a 20 % -25 % stake in the KSP computer and retail chain. The share will be obtained in the company’s evaluation of 2.3 billion NIS. The negotiations related to the deal were believed to be in…
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Frenkel ups Alony Hetz stake to become biggest shareholder
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Nathan Hitz, CEO of Real Estate Company for Income and Renewable Energy Alony Heet (tase: Alhe) is the largest contributor to the company. On Thursday, Israeli businessman Aaron Frenke bought shares in the company for 60 million NIS, giving him a 13 % stake, Hetz, which has a 12.5 %…
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Fortissimo to invest $120m in Stratasys for 14% stake
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The Israeli Private Park Company Fortissimo has entered into an investment agreement in the Israeli company Polymer Solutions Strategy (Nasdaq: ssys). Fortissimo, run by IS Yuval Cohen, will invest $ 120 million at $ 10.30 per share, which reflects a 10.6 % bonus on the closing price in Wall Street…
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Azerbaijan’s SOCAR to buy Tamar stake from Aaron Frenkel
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Azerbaijan State Oil Company (SOCAR) has agreed to purchase a 10 % stake in the Aaron Frengel, a source close to the matter, which has been told “Globes”. This represents more than half of the Tamar session held by Frenkel and another major deal for the Israeli businessman. The FRNKEL…
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Fevertree taps Molson Coors with £71m stake sale to fuel US growth
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Premium Mix Maker Pevertree has obtained an agreement with the American drink giant Molson Coors, which will witness that the latter gets a 8.5 percent stake in the British company for 71 million pounds, or 654.2 pixels per share. This step, which is supported by the exclusive licensing agreement, aims…
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UAE’s Edge Group buys 30% stake in Israeli defense co Thirdeye
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In the cooperation of extraordinary defense industries between Israel and the United Arab Emirates, Thirdye systems (Tase: Thes), which evolves of optical recognition systems of unmanned aircraft with the capabilities of artificial intelligence, announced today that it signed an agreement and established a joint project with the Abu Dhabi’s Edge…
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UAE’s Edge Group buys 30% stake in Israeli defense co Thirdeye
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In the cooperation of extraordinary defense industries between Israel and the United Arab Emirates, Thirdye systems (Tase: Thes), which evolves of optical recognition systems of unmanned aircraft with the capabilities of artificial intelligence, announced today that it signed an agreement and established a joint project with the Abu Dhabi’s Edge…
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Aaron Frenkel sells 2% Leumi stake
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Israeli businessman Aaron Frenkel sold about 31 million shares in the company Bank Leumi (level: room) (about 2% of the bank’s shares) in a distribution on the market with an estimated value of 1.4 billion shekels. The deal was executed through JP Morgan Bank in Israel. The deal comes about…
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Sunlight Group acquires majority stake in Lehmann Marine
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Sunlight Group, part of the Olympia Group, has signed an investment agreement to acquire a 51% stake in Lehmann Marine from Hopen. The acquisition is expected to strengthen Sunlight’s presence in the energy solutions market and expand its portfolio of “innovative” technologies. Lehmann Marine, based in Seftal-Hetfeld, Germany, produces non-flammable…
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Sunlight Group acquires majority stake in Lehmann Marine
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Sunlight Group, part of the Olympia Group, has signed an investment agreement to acquire a 51% stake in Lehmann Marine from Hopen. The acquisition is expected to strengthen Sunlight’s presence in the energy solutions market and expand its portfolio of “innovative” technologies. Lehmann Marine, based in Seftal-Hetfeld, Germany, produces non-flammable…
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Germany’s Uniper Stake Draws Interest From UAE’s Taqa, Sources Say
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Breadcrumb links BMN Business The German government’s stake in energy company Uniper SE is attracting early interest from companies including an Abu Dhabi-based energy company, according to people familiar with the matter. Article writer: Bloomberg News Ek Henning and Dinesh Nair Posted on January 14, 2025 • 2 min read…
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Allied Group to pay Amir Shaltiel NIS 200m for Metropolis stake
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Metropolis implements urban renewal projects in central Israel. The value of the deal is estimated at 800 million shekels. The boom in residential construction in Israel, and in urban renewal in particular, has led to an interesting departure. Amir Shaltil, founder and chairman of Eldar Group, which works in the…
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ARCPOINT CLOSES SALE OF OWNERSHIP STAKE IN NON-CORE ASSET
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Article content GREENVILLE, South Carolina, Jan. 03, 2025 (GLOBE NEWSWIRE) — ARCpoint Inc. (TSXV:ARC) (“a company“or”Arc point) indicates that it has now completed the sale of its 68% equity interest in Achieve Behavioral Health Greenville LLC, (“Achieve”) as originally announced on December 30, 2024. In exchange for its ownership interest…
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Kenon sells remaining ZIM stake
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Idan Ofer’s Kenon Holdings sold 9.1 million shares in the shipping line for $178 million. A month after Kenon Holdings (TASE: KEN, NYSE: KEN), controlled by Idan Ofer, announced that it was considering selling its remaining stake in ZIM Integrated Shipping Services (NYSE: ZIM), it reported today that the ownership…
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why driver numbers are plummeting and what’s at stake
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London’s iconic black cabs could disappear by 2040, warn long-serving taxi drivers who have seen their ranks shrink by a third in the past decade. At the heart of the crisis are growing pressures to switch to electric vehicles, an aging workforce reluctant to invest in expensive new taxis, and…
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Trump transfers his stake in Trump Media to revocable trust
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(Reuters) – US President-elect Donald Trump has transferred the stake he owns in Trump Media and Technology Company to a revocable trust. Trump transferred 114.75 million shares, or 53% of the outstanding shares of Trump Media & Technology, to the revocable trust of which he is the sole beneficiary, according…
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Rogers Provides Update on Its Acquisition of Bell’s 37.5% Stake in MLSE
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Article content TORONTO, Dec. 13, 2024 (GLOBE NEWSWIRE) — Rogers Communications (TSX: RCI.A and RCI.B) (NYSE: RCI) announced today that it has received approval from the Competition Bureau to proceed with the acquisition of Bell’s 37.5% stake. At Maple Leaf Sports & Entertainment. Article content Rogers and Bell received a…