Sale

REIT company sells stake in two hotels to partner

Carey Watermark gives up its 49% stake amounting to US $22.6 million in favor of its partner, Ensemble Hotel Partners.

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BBVA agrees to sell Panama unit for US $646 million to Grupo Aval

Spanish lender BBVA agrees to sell its Panama unit for US $646 million in favor of Colombia’s second biggest banking conglomerate.

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Prudential decides to sell unit in Japan to SBI worth US$85 Million

Prudential Plc agreed to sell its PCA Life Japan unit to SBI Holdings Inc. for US$85 million.

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AT&T’s airwaves deal with Leap clouds real value of purchase

AT&T Inc's deal to sell Leap Wireless International Inc.'s block of airwaves clouded the real value of the acquisition.

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San Miguel targets around US $4 billion for power assets stake

The Philippines' biggest corporation eyes to raise US $4 billion for its power assets shares.

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Chile's Codelco considers selling non-core assets to finance investments

Codelco would sell its non-key assets to fund its investments after receiving only US$1 billion from the government.

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Condor Petroleum Inc. sells interest in Kazakhstan's Marsel territory worth US$88 million

Condor Petroleum Inc. would sell its nterest in Kazakhstan's Marsel territory worth US$88 million.

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Loro Piana Brothers Emerge as Billionaires After Selling Italian Cashmere

LVMH Moet Hennessy Louis Vuitton SA bought 80% of Loro Piana SpA making the brothers who led the company billionaires.

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LBO France Seeks Bids for Groupe Poult by End of July

LBO France sought to sell Groupe Poult by sending marketing materials to potential buyers and waiting for bids until the end of the month.

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ProSiebenSat.1 owners preparing for exit

ProSiebenSat.1 owners, namely KKR and Permira, are seeking to either sell off shares or sell the whole firm to another media outfit.

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Daiwa House to Obtain about US$1.37 billion Through Share Sale

Daiwa House Industry Co. would raise about US$1.37 billion through share sale which would be the biggest stock sale by a property business.

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MTV Italy purchased by Viacom International Media

MTV Italy, which is owned by Telecom Italia Media, was sold to Viacom International Media Networks for Eur 10 million.

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Brambles to Float Aus$2 Billion Data Management Unit

Brambles Ltd has reviewed a plan to exit its data management unit priced at Aus$2 billion.

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Alstom fronts credit risk-driven bond sale

Alstom said that it will sell its bonds as Euro credit risk declines.

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Lark Energy sells solar projects

Lark Energy put 100 megawatts worth of projects for sale.

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