Stake acquisition

Alibaba Group Holding Ltd unit to buy Chinese department store operator Intime Retail Group Co

Alibaba Group Holding, through its unit, will be buying a stake and subscribing to convertible bond shares in Intime Retail Group Co, a department store operator, Bloomberg reported.

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Temasek Holdings said to be in advanced discussions for substantial Watson stake purchase

Citing sources, The Wall Street Journal reported that Singapore state investment firm Temasek Holdings was in advanced discussions for a "strategic" stake acquisition of Li ka-shing's health and beauty retailer Watson.

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Tencent Holdings Ltd agrees to acquire 15pct stake in retailer for $214.7M

Tencent Holdings will be acquiring a 15% stake in in a $214.7 million deal to provide a stronger platform that will rival Alibaba Group Holdings in the space, Bloomberg reported.

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Tencent Holdings may acquire a 16pct stake in online retailer and merge platforms

Tencent Holdings, the biggest Internet company in China, could get a 16% stake in online retailer, according to a Chinese business newspaper, Reuters reported.

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India-based Kotak Private Equity to purchase 19pct stake in Samson Maritime- sources

Kotak Private Equity is purchasing a 19% stake in offshore logistics support services firm Samson Maritime from IFC and JM Financial for Rs 150 crore, sources told The Economic Times.

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Total acquires 40pct stake in UK shale gas in $47M deal

In a $47 million deal, Paris-based oil firm Total will be acquiring a 40% stake in licenses held by Dart Energy for two exploration areas in the eastern portion of England, Bloomberg reported.

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Anbang stake acquisition in China Merchants fuel rumors insurer has no more interest in Wing Hang- report

The $2.1 billion stake acquisition of Anbang Insurance Group in China Merchants Bank Co has added to the speculation that the insurer is no longer interested in acquiring Hong Kong-based Wing Hang Bank Ltd.

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Alibaba to buy stakes in Haier Electronics, Qingdao Haier Logistics

China's biggest e-commerce firm, Alibaba Group Holdings, will be buying stakes in Haier Electronics Group and Qingdao Haier Logistics Co, according to a report by Bloomberg.

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Japan's Sumitomo Life Insurance Co to acquire stake in life insurance unit of Bank Negara Indonesia

Japan's Sumitomo Life Insurance Co said it would be acquiring a 40% stake in the life insurance unit of Bank Negara Indonesia in a deal worth JPY 36.2 billion or USD 354 million.

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Bumi Chairman says lender gives funding for Bakrie stake acquisition

Bumi Chairman Samin Tan confirmed to Bloomberg by email that a lender had given him approval to finance his acquisition of the stake held by the Bakrie Group in the Indonesia-based coal producer.

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Post Holdings Inc CEO raises Herbalife stake to 6.4%

Bill Stiritz, the Chief Executive Officer of Post Holdings Inc, raised his Herbalife stake to 6.4% from 5.3% and said he intends to hold discussions with Herbalife about possible strategies for financing.

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Nedbank Group plans to exercise option to purchase Ecobank Transnational Inc stake

Nedbank Group, headed by Chief Executive Officer Mike Brown, said it plans to use its option to acquire a stake in Togo-based Ecobank Transnational Inc valued at more than USD 500 million.

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CLP Holdings say it will buy stakes in two Exxon Mobil units for USD 1.8 billion

CLP Holdings said it will be purchasing stakes in Castle Peak Power Co and Hong Kong Pumped Storage Development Co for a price tag of USD 1.8 billion.

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Etihad Airways buys a 33.3% stake in Darwin Airline, launches regional service

Etihad Airways, the national carrier of the United Arab Emirates, said it has bought a 33.3% stake in Swiss carrier Darwin Airline for an undisclosed amount.

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At least 7 potential bidders running for Versace stake

According to sources, there were at least seven bidders interested in acquiring a minority stake in Italian fashion house, Versace.

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