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…
All posts tagged sell stake
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…
Telenor agrees to sell its stake in Wave Money to Yoma Strategic
OSLO, NORWAY: Telenor Group and Yoma Strategic have entered into an agreement to sell Telenor Group’s 51 percent share of Digital Money Myanmar Limited (Wave Money) for USD 53 million (around NOK 470) to Yoma MFS Holdings Pte. Ltd, a subsidiary of Yoma Strategic. Wave Money is a mobile financial services provider in Myanmar which…
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…