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The deal terms permit Cossette to increase the stake to 75percentt and then 100percentt.
If the company's profit starts to grow as expected, they increase the stake to a "crop" position.
The Spanish firm also paid (some say overpaid) €2.7 billion ($3.3 billion) in June this year for a controlling stake in Cesky Telecom, the Czech Republic's biggest phone company (and splashed out again to increase the stake to 69% in September).
He's talking with two about seed rounds, and a third investor may increase the stake to a Series A round.
In November, NBC purchased a minority equity stake in iVillage, with the option to increase the stake to the same percentage as that of AOLs.
In late July, Gates paid $10 million for a 10% interest in a small handset maker, England's Sendo Holdings, with the right to increase the stake to 20%.
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Economic development helps, but in societies riven by ethnic divisions, it can simply increase the stakes to be parceled out among the different groups.
Bernard Arnault, LVMH's boss, tried to persuade Hermès' controlling families to sell up while increasing the stake to 23.2% but without success.
In the midst of the subprime crisis in 2007, Berkshire bought 8.7 million shares, quickly increasing the stake to 9.1 million shares.
In 1973, the bank increased the stake to full 100% ownership only to withdraw by 1999 with ownership of the refinery changing to Hereaus & Management.
In 1973, the bank increased the stake to full 100% ownership, though the ownership was ultimately sold between 1986 and 1999 to Argor-Heraeus SA.
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