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Fonterra Co-Operative Group said today it will sell its stakes in two joint-venture farms in China’s Shandong province to Singapore-based AustAsia Investment Holdings for NZ$88 million (US$62 million). The sale comes amid a retreat by the world’s largest…
Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin , Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17 percent on Thursday. Aston Martin, the…
LVMH has bought a cornerstone share in Stella McCartney House. Full details of the deal will be released in September, however LVMH has confirmed Stella McCartney will continue as creative director and ambassador of her brand, while holding majority…
Ooredoo plans stake sale in Indonesian unit Indosat. Ooredoo is exploring options including a sale of its controlling stake in Indonesia’s phone carrier PT Indosat as the Qatari phone company seeks to raise cash and focus on its more profitable Middle Eastern…
Malaysia’s Axiata Group is considering increasing its stake in Singapore’s M1 as a strategic investment. Axiata CEO Tan Sri Jamaludin Ibrahim told that the company would “seriously consider” lifting its stake in M1 “if the price is right”. Axiata is already…
Singtel has confirmed it has arranged to indirectly increase its stake in Thai mobile affiliate AIS, and revealed it will also increase its share in India’s Bharti Airtel. The operator announced it has entered a conditional agreement to acquire 21% of Thai…
