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Silvio Berlusconi agrees AC Milan stake sale by end September

Silvio Berlusconi agrees AC Milan stake sale by end September

Italy`s former prime minister Silvio Berlusconi has signed a pre-sale agreement to sell 48 percent of his AC Milan soccer club to a group led by Thai businessman Bee Taechaubol by the end of September, a spokesman for holding company Fininvest said on Sunday.

Jessica Simpson sells stake in her fashion brand

Jessica Simpson sells stake in her fashion brand

 Singer-fashion designer Jessica Simpson brokered her most lucrative business deal to date, agreeing to sell a 50 per cent stake of her brand to Sequential Brands Group, Inc.

Football: Chinese Wanda Group buy 20% stake in Atletico Madrid

China`s Wanda Group continue to expand their sporting interests after acquiring a 20 per cent stake in La Liga champions Atletico Madrid, worth a reported 44.98 million euros, ($48.38m/£32.63m), the club announced on Tuesday. 

Fairbridge Cap sells stake in Thomas Cook Ind to sister firm

In an internal restructuring, investment firm Fairbridge Capital (Mauritius) has sold 29.76 percent stake in travel services provider Thomas Cook India for Rs 1,698.15 crore to a sister concern of Fairfax group.

China`s Wang Jianlin buys 20% of Atletico Madrid for $52m

China`s Wang Jianlin buys 20% of Atletico Madrid for $52m

Chinese billionaire Wang Jianlin bought a 20 percent stake in Spanish league champions Atletico Madrid on Wednesday, his company announced, the first mainland Chinese investment in a top European football club.

Bahrain fund sells McLaren shares to Ron Dennis

Bahrain fund sells McLaren shares to Ron Dennis

Bahrain`s sovereign wealth fund Mumtalakat has agreed to sell some of its stake in McLaren to the Formula One team`s overall head Ron Dennis, who is set to become the majority shareholder.

Religare Global Asset Management buys 26% stake in YourNest

Religare Global Asset Management, part of Religare Enterprises, today announced acquiring 26 percent stake in early stage fund YourNest Angel Fund.

Govt to bring down stake in PSU banks to 52%: Jaitley

Finance Minister Arun Jaitley today said the government is planning to bring down its stake in public sector banks to 52 percent so as to meet Rs 3 lakh crore capital requirement.

Thomas Cook's arm to acquire 49% stake in MFXchange Holdings

Travel firm Thomas Cook India today said its arm IKYA has entered into a definitive agreement with Fairfax Financial Holdings Ltd to acquire 49 percent stake in MFXchange Holdings, Inc (MFX), a wholly owned subsidiary of Fairfax.

Vodafone Group may sell stake in Bharti to comply with rules

UK-based Vodafone Group will sell its 4.4 percent stake in Bharti Airtel if rules no longer permit telecom operators to keep share in competitors.

Anil Agarwal hikes stake by 4% in 4 mths in Vedanta

Vedanta Resources chairman and promoter Anil Agarwal has steadily consolidated his stake in the company by buying nearly 4 percent shares in past four months, taking his stake in the diversified metals and mining major to 69.51 percent.

‘Foreign airlines` stake in India will be a disaster`

Government is likely to take a final decision on allowing foreign airlines to pick up stake in Indian carriers in a couple of weeks.

Tata Chemicals to acquire 30.6 pc stake in EPM Mining Ventures

Tata Chemicals Wednesday said its UK-based subsidiary has signed an agreement to acquire 30.6 percent stake in Canadian potash miner EPM Mining Ventures.

Jaya to stake claim to form government on Sunday

Armed with the landslide mandate
in the Assembly polls, AIADMK chief Jayalalithaa will Sunday
call on Governor S S Barnala and formally stake her claim to
form the government in Tamil Nadu.

India has huge stake in your success: Menon told Holbrooke

A top Indian diplomat had told Richard Holbrooke within a month of his appointment that New Delhi had a huge stake in his success.

VW says it acquires 49.9% stake in Porsche

German auto maker Volkswagen has announced that it had acquired a 49.9-percent stake in luxury sports car-maker Porsche for 3.9 billion euros.

ABG Shipyard sells stake in Great Offshore

ABG Shipyard,which is locked in a takeover battle for Great Offshore with
Bharati Shipyard, today sold 8.27% stake in the offshore drilling firm, but said that its open offer for additional stake will start from tomorrow.

Suzlon sells 35.22% stake in Hansen for Rs 1,700 cr

Wind turbine maker Suzlon Energy Friday said it has sold 35.22 per cent stake in Belgian firm Hansen Transmissions for USD 370 million (about Rs 1,700 crore).

GE, Vivendi $1 bn apart over NBC Universal stake: Report

General Electric (GE.N) and Vivendi (VIV.PA) are at least $1 billion apart in their valuation of the French group`s stake in NBC Universal, the Financial Times has reported.

Petronet may acquire up to 10% stake in OPaL

Liquefied gas importer, Petronet
LNG Ltd (PLL), is keen to acquire up to 10 per cent stake in
ONGC Petro-additions Ltd (OPaL), which is setting up a cracker
complex in Gujarat, a senior ONGC official said.