Intel to sell majority stake in Altera to Silver Lake for $8.75 billion

Key Details:  – Deal Structure: Intel will sell 51% of its Altera business to private equity firm Silver Lake, valuing Altera at $8.75 billion.  – Ownership Post-Deal: Intel retains 49% ownership.  – Leadership Change: Raghib Hussain (current Altera executive) will succeed Sandra Rivera as CEO on May 5, 2025.  – Expected Close: Second half of…

Animalcare Group to sell it’s stake in STEM Animal Health for $4.7m

LONDON, UK: Animalcare Group plc (AIM: ANCR) has reached agreement in principle to sell its 33.34% equity stake in STEM Animal Health Inc. (STEM) to Dechra Pharmaceuticals Limited for a total cash payment of US$4.7m. STEM is currently owned by Animalcare and Canada-based Kane Biotech Inc. Other items covered by the agreement will bring the…

Sistema to partially sell stake in Segezha Group for $150mn

MOSCOW, RUSSIA: Sistema PJSFC has entered into an agreement to sell certain amount of ordinary shares of PJSC Segezha Group, a leading vertically integrated holding company in the timber industry performing a full cycle of operations from logging to advanced wood processing, to Bonum Capital Ltd for a total price of USD 150 million. The…

Braemar Shipping sells its stake in AqualisBraemar LOC for £7.3 million

LONDON: Braemar Shipping Services plc (LON: BMS) has sold its remaining AqualisBraemar LOC ASA (AQB) shares, reducing net debt by £7.3 million and realising a profit on sale of £3.9 million. Braemar received its investment in AQB as a result of the Braemar board’s decision to exit technical services and dispose of its Technical Services…