Category: stake
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AmTrust to invest for 15% stake in weSure Global Tech
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US insurance and financial giant AmTrust is investing NIS 72.6 million in Israeli digital insurance company weSure Global Tech (TASE: WESR), at a price well above the current market price. The two sides signed a “significant private placement agreement.” weSure also controls Israeli traditional insurance company Ayalon. Following the announcement,…
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Revolut CEO to sell part of stake in $500 million share sale, Sky News reports By Reuters
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(Reuters) – Nikolai Storonsky, chief executive of British fintech firm Revolut, will sell part of his multibillion-dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times reported last month that the digital finance app is working with bankers to…
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Lufthansa to consider raising stake in ITA to 90%, CEO says By Reuters
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ROME (Reuters) – German airline Lufthansa will consider increasing its stake in Italian airline ITA to 90 percent from early next year, its chief executive said in an interview published on Thursday. Carsten Spohr was speaking after his company received EU antitrust approval to buy 41% of state-owned ITA for…
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Skydance reaches new deal to buy controlling Paramount stake, sources say By Reuters
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By Don Chmielewski LOS ANGELES (Reuters) – Shari Redstone’s National Amusements has reached a preliminary agreement to sell a controlling stake in Paramount Global to David Ellison’s Skydance Media, three people familiar with the matter told Reuters on Tuesday. The unexpected development comes just weeks after Redstone abruptly ended talks…
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The Italian billionaire family behind Ferrari and Stellantis, bolster their stake in Philips to $4.19 billion
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The family of Italian billionaire Agnelli has increased its stake in Royal Philips NV, giving it a stake worth $4.19 billion, in a sign of increased confidence in the Dutch medical device manufacturer. Agnellis’ Exor NV now owns 17.51% of Philips, according to a U.S. regulatory filing late Tuesday. It…
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LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports By Reuters
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ZURICH (Reuters) – French billionaire Bernard Arnault, Europe’s richest man and head of the high-end fashion division of champagne group LVMH, has bought a stake in smaller luxury goods rival Richemont, Bloomberg reported on Tuesday. The exact size of the Cartier jewelery owner’s shareholding and Arnault’s intentions are unclear, the…
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Ex-BOC chairman raises stake, wins rights to block his buyout
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Former Bank of China chief Ngugi Kiona raised his stake in the company to 11.2% in the year to March 2024 from 8.56% the previous year, putting it above the threshold required to prevent a compulsory purchase of his shares in the subject company. From the takeover offer. BOC’s 2023…
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Dor Alon buys 75% stake in Kafu Zan
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The gas station chain is buying control of the refrigerated and frozen foods company Kavo Zan for NIS 120-130 million. Gas station company Dor Alon Energy Israel 1988 Ltd. (TASE: DRAL) announced that it will purchase a 75% stake in Kafu Zan Food Industries for NIS 120-130 million. Kafu Zhan…
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Here’s What At Stake This Week
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As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events that could determine its near-term course. Popular cryptocurrency analyst Ted (@tedtalksmacro) provided an in-depth look analysishighlighting the critical factors at play. Bitcoin Weekly Preview TED’s analysis begins by putting the broader macroeconomic environment in…
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Fisher Investments sells minority stake to Advent International
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pakphum patjangkata / iStock via Getty Images Advent International has agreed to buy a minority stake in money manager Fisher Investments, the companies announced Sunday. Advent and the Abu Dhabi Investment Authority agreed to invest between $2.5 billion and $3 billion in a deal that values Fisher at about $13…
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Starboard Value buys $500M stake in Autodesk, urges operational changes
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Investing.com – Activist investor Starboard Value has taken a roughly $500 million stake in the design software maker Autodesk Corporation (NASDAQ:) is now calling for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express…
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Starboard Value buys $500M stake in Autodesk, urges operational changes
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Investing.com – Activist investor Starboard Value has taken a roughly $500 million stake in the design software maker Autodesk Corporation (NASDAQ:) is now calling for changes within the company, according to the Wall Street Journal. Starboard has reportedly held meetings with Autodesk executives in the past few weeks to express…
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Yitzhak Tshuva eyes Isracard stake
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After the Bank of Israel blocked non-banking credit finance company Nawi Brothers Group (TASE: NAWI) from purchasing Isracard (TASE: ISCD), Globes has learned Dilek Group Limited (level:Delicate) Controlling shareholder Yitzchak Tshuva is among those considering investing in the credit card company. Also interested in Isracard, which trades at a market…
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Riot Platforms Boosts Bitfarms Stake with Additional Share Acquisition
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Riot Platforms announced the purchase of an additional 1,432,063 shares of Bitfarms stock. The acquisition, which was completed on June 10 for approximately $2.7 per share, represents an investment of approximately $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, representing approximately 14% of Bitfarms.…
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Discount Bank in talks to buy out Shufersal’s PayBox stake
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A decade after its founding, and three years after supermarket chain Shufersal became a partner, payments app company PayBox, headed by Arik Frishman, could become wholly owned by Israel’s Discount Bank. The bank, which owns 50.1% of PayBox, is in advanced negotiations with Shufersal to purchase its 49.9% stake for…
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Futu Buys into Airstar Bank, Now Holds 44.1% Indirect Stake
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Futu Holdings Limited, an online brokerage and wealth management platform, has announced the completion of a HK$440 million investment in Gravitation Fintech HK Limited. Gravitation Fintech is the parent company of Airstar Bank, a virtual bank licensed in Hong Kong. Following this investment, Foto now has an indirect stake of…
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Stablecoin Giant USDT (Tether) Solidifies Foothold In Bitcoin Mining With 25% Stake In Bitdeer
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In an exciting development, the issuer of the stablecoin USDT, pregnancy, made a strategic investment by acquiring a significant 25% stake in prominent Bitcoin mining company, Bitdeer. The move, as confirmed by a recent SEC filing, places Tether as Bitdeer’s second-largest shareholder, after Victory Courage Ltd., a company linked to…
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Elliott rebuilds ‘substantial’ stake in SoftBank – report (Pink Limited Info:SFTBF)
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Elliott Management has rebuilt a major stake in SoftBank ( OTCPK:SFTBY ) ( OTCPK:SFTBF ) and is pushing the Japanese technology group, founded by Masayoshi Son, to launch a $15 billion stock buyback, Financial Times mentioned. Elliott, founded by Paul Singer, has a larger stake More than US$2 billion and…
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Wellborn Capital buys 45% stake in shipping co BHM
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Wellborn Capital, an investment firm owned by Tzvika Sobel and part of the Morris Kahn family, is investing about NIS 10 million in Israeli shipping company BHM for a 45% stake. The investment will be implemented through the allocation of new shares in order to inject capital to support the…
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Edeltech buys Turkish co’s Ashdod – Ramat Negev Energy stake
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Edeltech Group announced that it has signed an agreement to acquire Zorlu Energy’s entire stake in Ezotech Electric, the joint venture through which Edeltech and Zorlu own power plants through Ashdod Energy and Ramat Negev Energy. The joint venture has cogeneration production licenses and a total electricity production capacity of…