Category: stake
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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…
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Bitcoin Bet For Amazon? 5% Stake Proposal Raises Eyebrows
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This article is also available in Spanish. Bitcoin may become part of Amazon’s treasury strategy as shareholders in the online retail giant push for the cryptocurrency to be adopted into its assets. If Amazon embraces digital assets, it will join other business giants exploring including Bitcoin in their asset portfolios.…
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Thoma Bravo selling CyberArk stake for $370m
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The US investment firm became a party to the Israeli cybersecurity company’s interest earlier this year when it sold Venfai to it for $1.54 billion in a cash and stock deal. Share price Cyber arc (Nasdaq: CYBR) stock fell 1.3% on Friday after US investment fund Thoma Bravo offered more…
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Why Warren Buffett Bought A $550 Million Stake In ‘Unbelievably Good’ Opportunities Domino’s And Pool Corp
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Why Warren Buffett Bought a $550 Million Stake in ‘Incredibly Good’ Opportunity Domino’s And Pool Corp Warren BuffettThe Oracle of Omaha is at it again. He has proven that he knows how to spot a great opportunity when he sees it. In his latest move, Buffett’s Berkshire Hathaway has invested…
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Strauss sells 50% Sabra dips stake to PepsiCo
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Strauss Group (TSE: STRS) announced that it will sell its 50% stake in Sabra Dipping Co. and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) for $243.8 million. In 2005, Strauss acquired 51% of Sabra for $9 million, and in 2008 PepsiCo bought the remaining shares and formed a joint…
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Advance Plans to Borrow Against $1.2 Billion Reddit Stake
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(Bloomberg) — A Reddit Inc. shareholder is seeking… to establish credit facilities using an ownership stake in the company, according to a person familiar with the matter. Most read from Bloomberg Advance Magazine Publishers Inc., the arm of the Newhouse family’s publishing empire that owns Conde Nast, is offering 7.8…
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Natwest buys back £1bn in shares from Treasury as government stake drops to 11%
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NatWest has bought £1bn of its own shares from the UK Treasury, reducing the government’s stake in the FTSE 100 lender to just over 11%. This buyback, the second of its kind in 2024, saw NatWest acquire 263 million shares at 380.8p per share, a move chief executive Paul Thwaite…
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Billionaire Israel Englander Sold 40% of Millennium’s Stake in AT&T and Is Piling Into This Troubled Artificial Intelligence (AI) Stock Instead
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Investors rarely lose important data on Wall Street. Earnings season provides an onslaught of operating results for many of America’s most important companies, while economic data is released almost daily Monday through Friday. But every so often, one of these important data dumps can slip through the cracks. For example,…
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Brookfield buys £1.75bn stake in Orsted’s UK offshore wind farms
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Brookfield, headed by former Bank of England governor Mark Carney, has acquired a 12.45% stake in four UK offshore wind farms owned by Ørsted for £1.75 billion ($2.3 billion). This landmark deal includes the world’s largest offshore wind farm, Hornsea 2, located 55 miles off the Yorkshire coast with a…
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Investors in talks to buy Colmobil stake at NIS 8b valuation
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Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…
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Investors in talks to buy Colmobil stake at NIS 8b valuation
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Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…