Culture
Lufthansa enters race for TAP stake against Air France-KLM
TAP is of interest to bigger players due to its routes to Brazil and Portuguese-speaking Africa Germany’s Lufthansa on Thursday (Nov 20)…
Tag
stake
Culture
L'Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
Cosmetics giant L’Oreal said on Monday (Nov 17) it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its…
Culture
ST Engineering sells 49% stake in Shanghai MRO JV to China Eastern Airlines for 680.5 million yuan
The move will yield a one-off gain of around S$48.1 million, based on the S$60.2 million carrying value for Starco ST Engineering has…
Culture
Tan Kok Huat, CEO of Reclaims Global, boosts stake
Financial services and telecommunications booked the most net institutional inflow for the week of Nov 7 to 13 Over the five trading…
Culture
Buffett acquires US$4.9 billion stake in Google parent Alphabet
WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further…
Culture
Pfizer looks to sell stake in pandemic vaccine partner BioNTech
Pfizer is looking to sell its remaining stake in Covid-19 vaccine partner BioNTech, a remnant from one of the pandemic’s most lucrative…
Culture
SoftBank’s US$5.8 billion Nvidia stake sale stirs fresh AI bubble fears
The Japanese tech investor needs the proceeds for initiatives including the US$500 billion Stargate project to expand US data-centre…
Culture
Toyota's buyout of group firm faces new obstacle after Elliott takes stake
Elliott said the proposed deal undervalued the company, lacked transparency and fell short of proper governance practices Toyota Motor’s…
Blog
The Government’s Shameful Stake in the Gambling Glut | National Review
State governments shouldn’t profit from gambling addiction. Source link
Culture
Singtel unit sells 0.8% stake in Bharti Airtel for about S$1.5 billion, booking estimated S$1.1 billion gain
The sale reduces Singtel’s effective stake in Bharti Airtel to 27.5% from 28.3% Singtel announced its indirect wholly-owned subsidiary…
Culture
Singtel offers US1.2 billion stake in Bharti Airtel, terms show
A Singapore Telecommunications unit offered to sell shares in Indian mobile carrier Bharti Airtel in a deal that may fetch US$1.2 billion,…
Culture
Samsung Electronics family to sell 1.7 trillion won stake amid share rally
The company has secured supply deals with other major customers and expectations have risen that the company will be able to supply its…
Culture
NYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street…
Culture
AMD signs AI chip-supply deal with OpenAI, gives it option to take a 10% stake
Advanced Micro Devices (AMD) said on Monday (Oct 6) it will supply artificial intelligence chips to OpenAI in a multi-year deal that would…
Culture
Centurium considers stake sale in US$6 billion Taibang Biologic: sources
Chinese private equity firm Centurium Capital is considering selling its stake in Taibang Biologic Group, people familiar with the matter…
Culture
mm2 Asia scraps stake sale; PE fund to take 29% of Vividthree stake in direct share deal instead
As a result of the new share placement, controlling shareholder mm2 Asia’s stake in Vividthree will be diluted to 23% Vividthree Holdings…
Culture
Alibaba dumps 151.3 million SingPost shares, slashing its stake to below 5%
This means the Chinese e-commerce giant is no longer a substantial shareholder of the national postal service provider Alibaba Investment,…
Culture
GIC, SoftBank are said to weigh selling stake in fintech VNLife
The Vietnamese fintech firm has a presence in Vietnam, Singapore, Myanmar and Cambodia GIC and SoftBank Vision Fund are considering…
Culture
Keppel DC Reit acquires remaining stake in 2 data centres from sponsor Keppel for S$8.4 million
The manager of Keppel DC Real Estate Investment Trust (Reit) has acquired the remaining 51 per cent interest in two artificial…
Business
What is at stake in Malawi's elections?
The people of Malawi are set to vote for their next leader, following a turbulent five years involving economic turmoil, natural disasters…
Culture
DBS’ plan to buy Alliance Bank stake is said to have stalled
DBS Group Holdings’ plan to buy a stake in Alliance Bank Malaysia has stalled as Singapore’s biggest bank has yet to get regulatory…
Culture
SP Group acquires Siemens’ 49% stake in Power Automation to become sole owner
SP Group announced on Friday (Aug 29) that it is now the sole owner of Power Automation, after having acquired Siemens’ stake in the joint…
Culture
Geo Energy to acquire 51% stake in two Indonesian shipping companies for US$127.5 million
Indonesian coal producer Geo Energy is proposing to acquire 51 per cent stakes in two Indonesian shipping companies for a US$127.5 million…
Culture
Mercedes-Benz offloads Nissan stake for US$325 million
The pension trust of German automaker Mercedes-Benz has sold its entire stake in Japan’s Nissan Motor for US$324.65 million, a source with…