Tag «stake»

Africa Investment Forum: Arab Bank for Economic Development in Africa (BADEA) acquires stake in Eastern and Southern African Trade and Development Bank (TDB)

Johannesburg, South Africa, 9 November 2018 –The Arab Bank for Economic Development in Africa (BADEA) has acquired an equity stake in the Eastern and Southern African Trade and Development Bank, formerly known as PTA. BADEA CEO Sidi Ould Tah and TDB president Admassu Tadesse ratified the agreement on 8 November 2018, on the second day …

Federal Bank to Acquire Stake in Equirus Capital

Mumbai, 22nd February 2018: The Board of Directors of Federal Bank has approved acquiring a strategic minority stake of 26% in Equirus Capital Pvt. Ltd. (ECPL) subject to statutory and regulatory approvals and satisfactory completion of financial and legal due diligence. The Investment rationale has been driven by the need to increase the product …

Zeta picks up stake in ZingHR

June 29, 2017, Bangalore : Zeta, a fintech pioneer in digitised employee benefits solutions, has made a equity investment in ZingHR, a cloud services provider, for an undisclosed amount. ZingHR will also now offer its clients Zeta’s digital employee benefits solutions such as meal vouchers, paperless claims for medical, LTA, fuel, mobile and so …

Rio Tinto agrees Heads of Agreement to sell its stake in the Simandou project to Chinalco

Rio Tinto and Chinalco have signed a non-binding agreement to sell Rio Tinto’s entire stake in the Simandou project in Guinea to Chinalco. The Heads of Agreement sets out the proposed principal terms of the sale with the aim of signing a binding agreement within six months. Rio Tinto will receive payments of $1.1-1.3 billion …

Ola’s Statement denying reports of Uber picking up a stake

ANI Technologies Private Limited, promoters of Ola, categorically denies the contents of a news article published by a Mumbai-based newspaper and its website, mentioning that certain investors in Ola plan to sell their stake to Uber. We would like to state that the article, attributed to an ‘unnamed source’ is completely false, misleading, malicious and …

US-based Cox Automotive buys stake in Mahindra First Choice

US-based digital marketing company Cox Automotive has acquired a significant strategic stake in Mahindra First Choice Wheels, the used-car retailing unit of Mahindra & Mahindra MUMBAI: US-based digital marketing company Cox Automotive has acquired a significant strategic stake in Mahindra First Choice Wheels, the used-car retailing unit of Mahindra & Mahindra. The transaction, through a …

Le Sports consolidates position as a global contender in the business of sports by acquiring a stake in Lagardère Sports Asian Business

28 October 2015, Beijing, China: Le Sports and Lagardère Sports announced today that Le Sports has successfully acquired a 20% stake in World Sport Group (WSG), underscoring the Chinese firm’s long-term plans to expand the company’s business beyond digital media rights into the full spectrum of international sports marketing. This partnership with China’s most influential …

Aviva to increase stake in Indian business to 49%

Aviva Plc, today announced its plan to increase the stake in its India business to 49%. Aviva India is a joint venture between Dabur Invest Corp (DIC) and Aviva with Aviva currently holding a 26% stake in the venture. David McMillan, CEO Aviva Europe and India, said “The increase of Foreign Direct Investment limits …

Rio Tinto gifts stake in Northern Dynasty Minerals to Alaskan charities

Rio Tinto will gift its 19.1 per cent shareholding in Northern Dynasty Minerals Ltd (Northern Dynasty), owner of the Pebble Project, to two local Alaskan charitable foundations. The decision follows the strategic review announced last year of Rio Tinto’s interest in Northern Dynasty which concluded the Pebble Project does not fit with Rio Tinto’s strategy. …

Renova takes a stake in SCHMOLZ+BICKENBACH AG

Gebuka AG rejects Renova’s unilateral termination of their shareholders’ Agreement Venetos Holding AG, Zurich, a company belonging to the Renova Group, has informed SCHMOLZ+BICKENBACH AG that it has acquired a stake totalling 20.46% in SCHMOLZ+BICKENBACH AG from various companies controlled by the founding families of Schmolz+Bickenbach. At the same time Venetos has concluded a shareholders’ agreement with the founding families and …