All articles tagged with #stake sale
Originally Published 13 days ago — by Financial Times
UK's Octopus Energy plans to sell its stake in the tech spin-off Kraken at a valuation of $8.65 billion, highlighting its strategic move in the energy and technology sectors.
Originally Published 13 days ago — by Yahoo Finance
Intel sold a $5 billion stake to Nvidia, acquiring 214.8 million shares at $23.28 each, marking a significant cross-shareholding in the semiconductor industry. The deal provides Intel with a financial boost to support its restructuring and technological investments, while Nvidia gains strategic and financial exposure to Intel's recovery and growth. Investors will monitor Intel's upcoming earnings and capital plans for further insights.
Originally Published 18 days ago — by The Guardian
BP has agreed to sell a 65% stake in its Castrol lubricants business to US investment firm Stonepeak for $10.1 billion, as part of BP's strategy to reduce debt and streamline operations, with proceeds to be used for debt repayment and strategic refocusing.
Originally Published 18 days ago — by BBC
BP has sold a 65% stake in its Castrol motor oil division to US investment firm Stonepeak for $6 billion, valuing Castrol at $10.1 billion, as part of BP's strategy to focus on core oil and gas businesses and reduce debt, while shifting away from green energy investments.
Originally Published 18 days ago — by CNBC
BP is selling a 65% stake in its Castrol lubricants unit to Stonepeak for $6 billion, valuing the unit at $10.1 billion, as part of a broader strategy to divest $20 billion of assets and focus on core oil and gas operations. The sale is a milestone in BP's strategic reset, which includes leadership changes and a focus on simplifying its business.
Originally Published 2 months ago — by Financial Times
SoftBank's shares declined following the sale of its stake in Nvidia, impacting its stock performance and investor sentiment.
Originally Published 2 months ago — by CNBC
SoftBank has sold its entire $5.83 billion stake in Nvidia, selling 32.1 million shares in October, as part of its broader investment strategy, while still maintaining investments in AI through other ventures.
Originally Published 2 months ago — by Financial Times
SoftBank has sold its stake in Nvidia for $5.8 billion as part of its preparations to increase investments in artificial intelligence technologies.
Originally Published 2 months ago — by Yahoo Finance
SoftBank sold its entire Nvidia stake for $5.83 billion to fund its AI projects, highlighting its focus on expanding in the AI ecosystem despite questions about a potential investment bubble, and leveraging proceeds to support ventures like OpenAI and data centers.
Originally Published 2 months ago — by CNBC
Qatar Airways has sold its entire 9.7% stake in Cathay Pacific for about $897 million, marking its exit from Hong Kong’s flagship airline after eight years, as part of its strategic portfolio optimization. Cathay Pacific plans to buy back the stake at a premium, reflecting confidence in its future growth, and will fund the deal through internal resources and credit lines. The transaction will increase Swire Pacific and Air China's stakes in Cathay Pacific, with ongoing partnership through the oneworld Alliance.
Originally Published 2 months ago — by One Mile at a Time
Qatar Airways is selling its nearly 10% stake in Cathay Pacific, bought in 2017 for around $662 million, now valued at approximately $892 million, with both airlines citing different reasons—Cathay Pacific for confidence in its future and Qatar Airways for recent profitability—though the true motivation may involve geopolitical considerations. The sale appears unusual given Qatar's typical investment approach and the lack of control implications, suggesting possible underlying political factors.
Originally Published 2 months ago — by BBC
Starbucks is selling a 60% stake in its China operations to Boyu Capital in a $4 billion deal, retaining a 40% stake and ownership of the brand, as part of its long-term growth strategy in the competitive Chinese market.
Originally Published 2 months ago — by Financial Times
Starbucks plans to sell a majority stake in its China business to Boyu Capital, signaling a strategic shift in its operations in China.
Originally Published 2 months ago — by Bloomberg.com
Izzy Englander sold a 15% stake in Millennium Management, valuing the firm at $14 billion, to diversify ownership and support succession planning, involving institutional and high-net-worth investors to ensure stability and future growth.
Originally Published 2 months ago — by Financial Times
Hedge fund Millennium has sold a 15% stake to top investors, indicating a significant move in its ownership structure and investor confidence.