Category: stake
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Norges Bank halves Mobileye stake
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Norway’s central bank Norges Bank has sold more than half of its 10.7% stake in Israeli Advanced Driving Assistance Systems (ADAS) company Mobily International Company (NASDAQ: MBLY), according to the company’s latest holdings report filed with the U.S. Securities and Exchange Commission (SEC). At the end of July, Norges Bank…
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Warren Buffett’s Berkshire sold nearly half of its Apple stake By Investing.com
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Warren Buffett-led Berkshire Hathaway (NYSE: ) has significantly reduced its investment in Apple (NASDAQ: ) , selling nearly half of its shares in the tech giant. According to the latest earnings report, Berkshire’s Apple stake was worth $84.2 billion by the end of the second quarter, indicating that it had…
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Berkshire Cuts Apple Stake by Almost Half in Selling Spree
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(Bloomberg) — Berkshire Hathaway Inc. cut its stake in Apple Inc. by about 50% as part of a massive second-quarter selling spree that left billionaire Warren Buffett’s cash pile at a record $276.9 billion. Most Read from Bloomberg In all, Berkshire Hathaway sold $75.5 billion worth of shares on a…
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Stellantis triggers government scrutiny with Comau stake sale By Reuters
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MILAN (Reuters) – Automaker Stellantis will sell a majority stake in its robotics unit Comao to OneEquity Partners, the three companies said in a statement on Thursday, in a move aimed at supporting Comao’s expansion beyond the automotive sector. Financial details of the deal were not disclosed, but US private…
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Billionaire Baloobhai doubled Bamburi stake ahead of buyout
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Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company’s purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s stake in the cement company has risen to 30.52 million shares, or 8.41% of…
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Billionaire Baloobhai doubled Bamburi stake ahead of buyout
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Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company’s purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s stake in the cement company has risen to 30.52 million shares, or 8.41% of…
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Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports By Reuters
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(Reuters) – Activist investor Starboard has a stake of more than 6.5% in Tinder owner Match and is pushing for a potential sale if the turnaround attempts fail, the Wall Street Journal reported on Monday, citing people familiar with the matter. Match shares rose about 9% in extended trading after…
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Jared Kushner in talks to buy Phoenix stake
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Affinity Partners, led by US President Donald Trump’s son-in-law Jared Kushner, is in talks to buy a 4.9% stake in Israeli insurance and finance group Phoenix Holdings, with an option to buy an additional 4.9%. Affinity Partners, led by Donald Trump’s son-in-law Jared Kushner, is in talks to buy a…
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47.36 Million ETH Stake in the ETH2 Beacon Deposit Contract
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Ethereum 2.0 trading has seen significant growth and reached a major milestone. Thus, the deposit contract for trading Ethereum on Beacon Chain reached an all-time high of 47.36 million ETH this week. Interestingly, this represents 33.9% of the total Ethereum supply. Major Achievement in ETH2 Sharing According to the Data…
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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…