Search result for stake
TotalEnergies secures a $2 billion stake in Qatar's massive gas project
Qatar announced on Sunday that TotalEnergies of France will be its first foreign partner in expanding the world's largest natural gas field, which will eventually help alleviate Europe's energy concerns.
TotalEnergies chief executive Patrick Pouyanne told AFP that the French ene...
Reliance Industries to Raise 5 billion dollars Through Bonds
Reliance Industries has announced to raise 5 billion dollars by issuing bonds as a measure to refinance its current debt.
The company released a statement saying that the notes will be issued in one or more tranches.
This has become the new way to deal with debts. Sovereign bo...
MAJORITY STAKE IN ZCL CHEMICALS TO BE ACQUIRED BY ADVENT INTERNATIONAL
HIGHLIGHTS
- ZCL Chemicals is selling a majority stake in its company to Advent International.
- This acquisition fixes an enterprise valuation of ?1,700 billion for pharma firm ZCL Chemicals.
US-based private equity firm Advent Internat...
LAUNCH OF ETH 2.0, ETH SHOWS SHIFT
Highlights:
- ETH 2.0 is an upgrade
- ETH reached a new all-time high of $1,440
In December, Ethereum launched Ethereum 2.0. It is a parallel staking network, which is fundamentally an upgrade. Ethereum 2.0 is significant due to its adoption o...
POSCO INTERNATIONAL TO SHELL OUT 108 BILLION WON FOR OFFSHORE DRILLING IN GAS FIELDS OFF MYANMAR
- POSCO International is all keyed up to invest 108.6 billion won to explore new gas fields in Myanmar.
- POSCO International will carry out speculative drilling at the Mahar area of the A-3 Mining District in northwestern Myanmar.
Currently, a bevy of companies i...
TOKYO STOCKS RISE ON MONDAY; SOFTBANK STAKES SALE
Highlights –
- Tokyo stocks rise on Monday; SoftBank stakes sale.
- 225-issue Nikkei Stock Average rose by 173.69 points.
- Topix index was up by 15.56 points.
- Stock issues were led by pulp and paper, nonferrous metal, and air t...
ITOCHU CORP. SECURES ADDITIONAL SHARES IN FAMILYMART CO.; RAISED STAKE TO 65.71 PERCENT
Highlights –
- Itochu Corp. secures additional shares in FamilyMart Co.; raised stake to 65.71 percent.
- Itochu is planning to boost its holding from 50.1 percent to 65.71 percent.
- Itochu is willing to pay $22 per share.
- Fami...
UK PROFESSORS ACHIEVE 'MAJOR' BREAKTHROUGH IN COVID-19 DRUG
HIGHLIGHTS
- Three professors in UK have made something that they claim as a “major breakthrough” for the coronavirus treatment.
- Synairgen’s share price has risen 540% ever since the news of successful drugs trial has come out. ...
PEOPLE’S BANK OF CHINA IS NO MORE A KEY STAKEHOLDER IN HDFC BANK
Highlights
• China’s central bank was holding 17.5 million shares or 1.01 percent in HDFC that is valued at Rs 3,300 crore
• The shares of HDFC had plunged 40 percent in the month of March but rebounded in April by 30 percent
• The market experts...
CHINA CENTRAL BANK INTERESTED IN STAKES OF INDIAN COMPANIES
Highlights:
- The People’s Bank of China (PBoC), the central bank of China, has a stake of 1% in HDFC, Indian mortgage finance major.
- PBoC also holds a stake of 0.32% in cement sector-major Ambuja Cement while 0.43% in Piramal Enterprise, Pharma s...
LUFTHANSA REPORTS NET LOSS IN FIRST QUARTER
Highlights –
- Lufthansa reported a net loss of $2.3 billion in the first quarter.
- It confirmed a loss before interest and tax of $1.34 billion in the first three months.
- The German airline awaits a decline in 2020 earnings before ...
1.01% STAKE IN HDFC OWNED BY THE PEOPLE’S BANK OF CHINA NOW
Highlights:
• PBOC has been accumulating stakes since a year now
• PBOC owned a 0.8% stake in March 2019
• &n...
BANDI AND LUNI ARE LOOKING FOR A NEW OWNER
Highlights –
- South Korea’s third-largest bookstore chain, Bandi & Luni are putting themselves on sale
- Company for sale through eBest Investment & Securities
- The company needs a new owner with deep pockets to fund its ne...
KOLON INDSUTRIES AND SKC SOLD STAKES IN THEIR JOINT VENTURE
Highlights –
- SKC Kolon PI, world’s largest polyimide film company, joint venture company by SKC and Kolon Industries
- JV companies sell their stakes off to acquire seed funding
- Stakes worth $250 Million
To beef...
Yes BANK CO-FOUNDER ARRESTED; SBI TO TAKE UP 49% SHARES
Highlights:
- RBI might lift the cap on withdrawal early
- Capping withdrawal limit might prove counter –positive
- Rana Kapoor arrested, sent to custody
Yes bank went doper into a soup with the arrest of its co-founder Rana Kapoor. ...
ELLIOTT MANAGEMENT CORP OWNS LARGE STAKE IN TWITTER
HIGHLIGHTS
- Hedge fund Elliott Management Corp. has obtained a huge stake in Twitter.
- The firm has nominated four directors to Twitter's board to fill three vacant seats at this year's annual meeting.
- Productive discussions with Twit...
WOORI FINANCIAL GROUP INC. STAKES TO BE SOLD OFF AS PLANNED
Highlights –
- Government selling off Woori Financial Group stakes
- Government has set an average sale price of stocks
- Woori Financial Group controversy
Due to ongoing controversy of South Korea’s - Woori Financi...
ELLIOTT MANAGEMENT HAS CONSIDERABLE STAKE IN SOFT BANK
HIGHLIGHTS
- it has come under examination for funding in WeWork, Uber, and dog walking startup Wag.
- held private discussions with SoftBank leadership meant at creating changes to recover performance at the Japanese firm.
The...
FRENCH RENAULT PUSHED TO REDUCE STAKES IN JAPANESE NISSAN
Highlights:
- The two companies have collaborated for nearly 20 years
- Falling sales has put pressure on Renault to take the call
Nissan and Renault have been embroiled in persistent controversies since 2018, over mismanagement of funds...
Singapore will be hosting 5th Asia Pacific Healthcare Summit (HPAP) for 2020
Dexus healthcare announced the 5th Asia Pacific Healthcare Summit (HPAP) 2020 will be hosted by Singapore from 16th-17th April 2020. The grand event will be the annual platform for healthcare professionals. The event will have in-depth discussions involving many industry experts, topnotch compani...