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Exact(24)
Glovis shares plunged as much as 14.5percentt, slashing the value of the stake.
The value of the stake acquired by the railroad, which is based in Kansas City, Mo., is 6.2 billion pesos including taxes.
Glencore said the charge was due to a technical accounting rule and had not changed the asset value of the stake.
Mr. Zetsche added: "At the same time, you now can see the value of the stake relative to our overall balance sheet.
The cash proceeds were $1.08 million, even though Morgan Stanley at the time had estimated the value of the stake at $25 million to $30 million.
However, in 2008, the value of the stake plummeted, meaning that M.P.S. was staring at a loss of about €360 million.
Similar(36)
But they are strikingly different in the sense that venture investment tends, given reasonable diligence, to yield discounted returns exceeding actuarially the value of the stakes invested.
The value of the stakes in Alibaba and Yahoo Japan is calculated using the current market prices.
The value of the stakes in Alibaba and Yahoo Japan are calculated using the current market prices.
Olympus said on 19 October that the value of the stakes in the three companies had been impaired by ¥55.7 billion – more than three-quarters of the acquisition cost, blaming it on "worsened external environment following the 2008 recession".
John M. Devine, the chief financial officer, said G.M. would take a substantial write-down of the value of that stake in the third quarter.
More suggestions(15)
presentation of the stake
value of the participation
value of the proportion
value of the interest
valuation of the stake
value of the set
value of the risk
value of the shares
value of the games
value of the implications
value of the endowment
value of the lot
value of the order
value of the prize
value of the euro
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Justyna Jupowicz-Kozak
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