Category: stake
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Equinor acquires $2.5 billion stake in Danish wind giant Orsted
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Equinor ASA has taken a $2.5 billion stake in Danish wind energy giant Orsted A/S, merging one of the Nordics’ largest fossil fuel companies with its largest renewable energy developer. The deal with Equinor represents one of the most notable endorsements for the beleaguered offshore wind industry in years, just…
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Rani Zim sells Psagot stake for huge loss
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Yesterday, Rani Zim sold his entire 65.7% stake in Psagot, plus tradable options, to the company’s former CEO Yaniv Bender. Bandar will pay NIS 40 million in cash upon completion of the deal, and will then own 73% of Psagot, which became a shell company after selling its business. Bender…
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Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say By Reuters
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(Reuters) – Activist investor Starboard Value has taken a stake worth about $1 billion Pfizer (NYSE:) wants the US pharmaceutical giant to make changes to turn around its performance, sources familiar with the matter said on Sunday. Starboard also reached out to Ian Read, former CEO of Pfizer, and Frank…
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JPMorgan acquires stake in Australia’s cash-strapped Star Entertainment By Reuters
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(Reuters) – U.S. bank JPMorgan Chase & Co. (NYSE:) has become a major shareholder in Star Entertainment, as shares of the beleaguered Australian casino operator have fallen sharply in the past few years amid liquidity issues, a stock exchange report showed. JPMorgan has become a shareholder with voting power of…
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Exclusive-TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say By Reuters
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Written by Milana Finn and David French (Reuters) – Buyout firm TPG has emerged as the front-runner to take a $2 billion minority stake in Creative Planning, in a deal that could value the wealth management company at more than $15 billion, people familiar with the matter said on Saturday.…
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Next CEO sells £29m stake as capital gains tax reforms loom under Reeves
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Next chief executive Lord Wolfson has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) regime, expected in Chancellor Rachel Reeves’ first Budget next month. New filings reveal that the conservative peer offloaded 290,000 shares between Friday and Tuesday, valuing its…
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Major insider slashes nearly all of its stake in Trump’s media firm By Reuters
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(Reuters) – One of the largest shareholders in former US President Donald Trump’s media company has almost canceled his stake after sale restrictions recently expired. United Atlantic Ventures, run by Trump Media co-founder Andrew Letinsky, who appeared on Trump’s reality TV show “The Apprentice,” has reduced its 5.5% stake in…
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Buffett’s Berkshire Hathaway offloads more of its Bank of America stake By Investing.com
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Warren Buffett’s Berkshire Hathaway sold about $900 million of its stake in Bank of America this week, cutting its holdings in America’s second-largest lender to near the key reporting threshold. Berkshire’s stake in Bank of America now amounts to 10.8% of outstanding shares, or about $34 billion. Berkshire, which remains…
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Intel declares no plans to divest Mobileye majority stake
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Advanced Driving Assistance Systems (ADAS) Stock Price Mobily International Company Intel (NASDAQ: MBLY) shares rose 8% in premarket trading after Intel Corp. (NASDAQ: INTC) said it has no plans to sell its majority stake in the Israeli company. “As the majority shareholder of Mobileye, Intel remains focused on creating value…
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Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1 billion By Reuters
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(Reuters) – U.S. aluminum company Alcoa Saudi Aramco (NYSE:) said on Sunday it will sell a 25.1% stake in its joint venture with Saudi Arabian Mining Co. (Maaden) for $1.1 billion. Alcoa said in a statement that the deal includes approximately 86 million Maaden shares and $150 million in cash,…
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Expert Says Warren Buffett’s Top Executive Ajit Jain Sold Berkshire Hathaway Stake Because ‘The Stock Was Fully Pricing The Business’
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Warren Buffett’s CEO Ajit Jain sold his stake in Berkshire Hathaway because “the stock was setting the price of the entire business,” one expert says. Berkshire Hathaway Ltd. (NYSE: BRK) (NYSE: BRK) The executives have recently made big sales. of the company’s shares, raising questions about its market valuation. The…
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Alcoa to sell its 25.1% stake in Ma’aden JV for $1.1B (NYSE:AA)
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JHVEPHOTO/Istock is an editorial via Getty Images Alcoa (New York:AASaudi Electricity Company said on Sunday that it has entered into a binding agreement to purchase shares and subscribe with Saudi Arabian Mining Company (“Maaden”). Under the agreement, Saudi Aramco will sell its entire 25.1% stake in the Maaden joint venture…
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Melisron buys Aviv Development stake for NIS 625m
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This is the third real estate exit for Doron Aviv and his sister Dafna Harlev after selling Osif to Arkady Gaydamak in 2007, and 50% of Aviv Development to Melisron in 2022 for NIS 845 million. Leora Ofer’s Melisron (TASE: MLSR) has acquired the entire stake in Aviv Development, owned…
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Japan’s Mitsubishi to buy stake, offtake ammonia from ExxonMobil in Texas By Reuters
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TOKYO (Reuters) – Japan’s Mitsubishi Trading Co said on Friday it had reached a preliminary agreement to buy a stake in Exxon Mobil Corp’s hydrogen facility in Texas and source low-carbon ammonia from it. As part of its decarbonization drive, Japan aims to increase the use of hydrogen and its…
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Fox could shake up the sports betting sector with the activation of its FanDuel stake
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Wild Pixel A new player could be joining the sports betting industry in the near future, and that is Fox Corporation.NASDAQ: FOX) Chief Executive Lachlan Murdoch said the media giant is moving forward with plans to exercise its option to retain an 18.6% stake in sports betting. FanDuel Leader. In…
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UniCredit buys Commerzbank stake from German government (Pink Current Info:CRZBF)
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ollo/iStock Not published via Getty Images Italy’s UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) has bought a 9% stake in Germany’s Commerzbank (OTCPK:CRZBF) (OTCPK:CRZBY), a move that has sparked speculation about a potential merger in the banking sector. the acquisition Includes 4.49% purchased from the German government and the remaining shares acquired. The market.…
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Mobileye hits record low as Intel mulls selling stake
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Advanced Driver Assistance Systems (ADAS) Mobily International Company Intel Corp. (NASDAQ: MBLY) shares fell sharply on Friday to a record low after reports that Intel is considering options to sell part of its 88% stake in the Israeli company to ease liquidity problems. The stock fell 8.5% to $11.55, giving…
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…