Your English writing platform
Discover LudwigExact(15)
A cut in its stake from 63% to around 40% is in the pipeline.
But the company could not cash in its stake because the terms of its investment prohibited selling the stock until the end of 1999.
David A. Viniar, Goldman's chief financial officer, said it an interview that about $1 billion in losses came in real estate investments while $600 million came in its stake in the shares of the Industrial and Commercial Bank of China.
The bank said the move for Kabel Deutschland could push Vodafone into cashing in its stake in its US joint venture Verizon Wireless to reduce debt and fund further deals.
To help Accor finance the acquisition, CDC underwrote a €280m ($338m) convertible-bond issue in return for an increase in its stake in Accor from 4.5% to 8%.Why is Accor betting on a loss-making company in an industry that is barely showing signs of recovery?
Early this week the British government unveiled a potpourri of measures to stimulate lending, including a guarantee scheme designed to protect banks against losses on bad assets and an increase in its stake in Royal Bank of Scotland (RBS) to 70%.
Similar(45)
ADT and Tyco hope that Western will simply cash in its stake--turning a profit of some $600m in the process--and get out.Underlying all three attempts to snare ADT is the fashionable concept of "bundling" service businesses together--the idea that customers would rather buy a package of services from one firm (be it an advertising agency, a management consultancy or a security specialist).
Crédit Agricole also said that it was interested in raising its stake in a smaller rival, Crédit Lyonnais, in which it owns a 10percentt stake.
According to the Wall Street Journal, Yahoo may invest about $20m in Snapchat's next funding round after cashing in from its stake in e-commerce giant Alibaba.
In exchange, its stake in Faurecia will rise to 70percentt from its current 53percentt.
Pierre Zajdela, a spokesman for Robert Peugeot, said the family was "absolutely not" interested in selling its stake in the group.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com