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A consortium called Erudio Student Loans led by the investment fund manager CarVal bought the remaining book of mortgage style loans which were taken out by around 250,000 students between 1990 and 1998.
Philips will take charges of 290 million euros for "accumulated negative difference in currency translation" and about 128 million euros for writing off the remaining book value of the venture, the company said in a statement.
Four of the other shortlisted books have already been published in the United States, and the remaining book, "Half Blood Blues" by Esi Edugyan, is not yet available in the United States, said a spokeswoman for its London-based publisher, Serpent's Tail.
Rabobank will then pay $600m, or a bit more than the remaining book value, with the proceeds distributed to the shareholders of Farm Credit Services, who comprise most of its customers.It is easy to see the deal's logic for each side.
The "Rothschild Prayerbook", illustrated with scores of exquisite miniatures, sold to a private bidder for a record $13.4m at Christie's in 1999, and promptly disappeared from view.Fifteen years on, the finest remaining Book of Hours in private hands went under the hammer again in New York on Wednesday.
At resale, under an Open-End structure, the lessee will generally receive a credit or debit based on the difference between the net sale proceeds and remaining book value; in a Closed-End structure, the lessor typically keeps the resale proceeds if net sale price exceeds remaining book value or eats the cost if sale proceeds are less than remaining book value.
Similar(52)
The remaining books treat the geometry of solids.
I abandoned my chronological scheme and began reading through the remaining books without method.
What he wanted, basically, was to get the remaining books shelved.
He went on to buy all the remaining books in the series.
The remaining books she sneaks into gaps in the bedroom's shelf of paperbacks.
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