Latest news with #shareholding
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Carrefour Sells Minority Stake in Shopping Center Owner Carmila for $194.5 Million
Carrefour said it sold a 7% shareholding in shopping center owner Carmila CARM -5.37%decrease; red down pointing triangle for around 171 million euros ($194.5 million) as part of a strategic review of its portfolio. The French grocer said Wednesday that it completed the sale of 9,866,421 shares in Carmila via an accelerated book-build process. Carrefour said it plans to remain Carmila's main shareholder and that the divestment won't result in any change to the existing partnerships, mandates and service agreements between the two companies. During the share placement, Carmila itself bought back around 1 million euros worth of its own shares to complete its share-buyback program, Carrefour added. Write to Maitane Sardon at
Reuters
26-05-2025
- Business
- Reuters
Kenya's government to sell more of its stake in Safaricom, finance minister says
NAIROBI, May 26 (Reuters) - Kenya's government plans to sell more of its shareholding in telecom operator Safaricom ( opens new tab, Finance Minister John Mbadi was cited as saying in Kenyan newspaper Business Daily on Monday. The government aims to raise 149 billion shillings ($1.16 billion) in the 2025/26 financial year through the sale of stakes in companies it has share in, including selling more of its ownership of Safaricom, Mbadi told the Business Daily in an interview. At present, the government owns a 35% stake in the operator after it sold a 25% stake in it via an initial public offering in 2008. ($1 = 129.0000 Kenyan shillings)
Yahoo
23-05-2025
- Business
- Yahoo
Major shareholder notification – BlackRock, Inc.
GN Store Nord A/S hereby announces that on May 22, 2025, pursuant to Section 38(1) and Section 39(1) of the Danish Capital Markets Act, it received a notification from BlackRock, Inc. stating that on May 21, 2025, BlackRock, Inc. increased its aggregate direct and indirect holding of shares and financial instruments, cf. Section 38 and Sections 39(2)(1) and (2) of the Danish Capital Markets Act, to above 5% of the share capital and voting rights in GN Store Nord A/S. For further information, please contact: Investor RelationsRune Sandager +45 45 75 92 57 Media Relations Steen Frentz Laursen +45 20 65 34 20 About GN GN facilitates communication between people through intelligent hearing, audio, video, and gaming technology. Inspired by people and driven by our passion for innovation, we leverage technologies to deliver unique user experiences that bring people closer through the power of sound and vision. GN was founded more than 150 years ago with a vision to connect the world. Today, we proudly honor that legacy with our world-leading expertise in the human ear, audio, video and speech, wireless technologies, software, miniaturization, and collaboration with leading technology partners. GN's solutions are marketed by the brands ReSound, SteelSeries, Jabra, Beltone, Interton, BlueParrott, Danavox and FalCom in 100 countries. Founded in 1869, the GN Group employs 7,000 people and is listed on Nasdaq Copenhagen ( Visit our homepage - and connect with us on LinkedIn, Facebook and X.
Yahoo
16-05-2025
- Business
- Yahoo
Holding(s) in Company
TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00BNR4T868 Issuer Name RENEWI PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of financial instruments 3. Details of person subject to the notification obligation Name Bank of America Corporation City of registered office (if applicable) Country of registered office (if applicable) US 4. Details of the shareholder Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above City of registered office (if applicable) Country of registered office (if applicable) 5. Date on which the threshold was crossed or reached 14-May-2025 6. Date on which Issuer notified 15-May-2025 7. Total positions of person(s) subject to the notification obligation . % of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer Resulting situation on the date on which threshold was crossed or reached 0.957941 9.865830 10.823771 8719572 Position of previous notification (if applicable) 0.141476 10.697600 10.839076 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached 8A. Voting rights attached to shares Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1) GB00BNR4T868 771712 0.957941 Sub Total 8.A 771712 0.957941% 8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)) Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights Right to Recall n/a n/a 5910 0.007336 Physical Swaps 19/02/2025 n/a 823142 1.021782 Physical Swaps 16/05/2025 n/a 700000 0.868923 Sub Total 8.B1 1529052 1.898041% 8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)) Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights Swaps 17/09/2025 n/a Cash 654646 0.812625 Swaps 06/01/2026 n/a Cash 1742726 2.163279 Swaps 23/02/2026 n/a Cash 1750915 2.173444 Swaps 18/03/2026 n/a Cash 4514 0.005603 Swaps 28/04/2026 n/a Cash 266928 0.331343 Swaps 31/07/2026 n/a Cash 210757 0.261617 Swaps 02/04/2026 n/a Cash 1223478 1.518726 Swaps 22/04/2026 n/a Cash 564844 0.701152 Sub Total 8.B2 6418808 7.967789% 9. Information in relation to the person subject to the notification obligation 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary) Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold Bank of America Corporation Bank of America, National Association 5.310649 5.310649% Bank of America Corporation Merrill Lynch International 4.555180 5.513121% 10. In case of proxy voting Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional Information 12. Date of Completion 15-May-2025 13. Place Of Completion United KingdomError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Times
07-05-2025
- Business
- Irish Times
Trump's tentacles reach into the AIB boardroom
The board of AIB finds itself on the horns of dilemma that is playing out in various guises in boardrooms across the globe. They pretty much have until Thursday to decide whether to proceed with buying back a significant chunk of the Government's remaining shareholding in the bank. Their problem? US president Donald Trump . The immediate issue is that the bank's shares are trading below the price at which it agreed to buy them from the Government. The shares are trading at just under €6.06, a not insignificant discount on the €6.26 per share price agreed in late March. Given the amount of money involved – AIB shareholders have approved the bank spending €1.2 billion – the potential 'overpayment' is considerable. Something in the region of €40 million. READ MORE 100 days of Trump: 'It's like The Karate Kid, tax on, tax off, tariffs on, tariffs off' Listen | 42:49 On the plus side, the transaction will mean the Government stake in AIB falls from about 12 per cent to close to 3 per cent, bringing the bank closer to the Holy Grail of full private ownership. The shareholders – who approved the buy back at the bank's annual general meeting last week – would seem to think almost €40 million is a price worth paying for freedom, as they overwhelmingly approved the purchase. Their approval, however, lapses on Wednesday and after that, it is back to the drawing board in terms of agreeing to a new price with the Government and seeking shareholder approval. 'The bank would face having to call an extraordinary general meeting, at a minimum of 21 days' notice, to get any new agreement over the line with shareholders.' If the board proceeds with the purchase at above the market price, they can expect some political heat because the Government's stake in the bank – which dates back to the banking collapse of 2011 – is indirectly linked to a €500,000 cap on the salaries of senior executives and a €20,000 cap on bonuses after which a super tax of 89 per cent kicks in. When Bank of Ireland exited State ownership, the cap on salaries was lifted but the bonus restrictions remained. AIB can expect the same treatment and the case for bonus restrictions will be hard to sustain with both banks effectively out of the hands of the State. It is not a good look for AIB to spend €40 million of shareholders' money so that it can pay its senior bankers more. It may be an unfair and simplistic characterisation of the proposed transaction but that will not stop the Opposition parties – Sinn Féin in particular – making political capital out of it. The fact that the taxpayer is the beneficiary of the overpayment will no doubt get lost in the mix. Leaving this aside, from the perspective of the board of AIB, the decision really comes down to one question: where does the share price go from here and when it will reach €6.26. This is where the US president comes in. Global stock markets have been on a roller-coaster ride since Trump took office in January as they reacted to a barrage of policies announced during his first 100 days in office, the most significant of which has been sweeping tariffs on imports from the US's main trading partners. His big set-piece policy announcement – Liberation Day on April 2nd – marked baseline 'reciprocal tariffs' of 10 per cent imposed on pretty much everywhere except Canada and Mexico. They climbed to 50 per cent depending on a somewhat whimsical formula. The impact on global financial markets was little short of catastrophic and after several days of horrendous loses that threatened to bleed across into the market for US debt with serious consequences for the US's ability to finance itself, Trump relented and announced a 90-day pause for all countries except China to allow for negotiations. AIB's share price hit €5.29 in the immediate aftermath before recovering. Markets have now regained their poise somewhat on the assumption that these negotiations will lead to some sort of compromise, or a series of compromises. We are now 30 days into the 90 days pause and it's doubtful that anyone can point to a clear landing zone, within the next 60 days, that will avoid another bout of financial discombobulation. [ AIB 'performing ahead of expectations' amid global uncertainty, says chief executive Opens in new window ] If anything, Trump appears as erratic and unstructured as ever and his administration compliant in equal measure. This weekend marked the announcement – it was a surprise but that is not surprising – of a call for 100 per cent tariffs on imported movies. The idea is inherently unworkable and counter to the desire of Hollywood for Federal financial support to bring down the cost of making films in the US. It may not even come to pass. Trump's proposal – according to the Wall Street Journal – came to him while he read through news clippings on Air Force One. Trump's supporters are once again reaching for the caged madman theory to explain the president's behaviour; this is the notion that his impulsive and combative approach is a deliberate strategy to wrong-foot his opponents and secure a beneficial outcome. What is clear is there is no guarantee that come July 8th – if not sooner – that all hell will not break loose in financial markets because of Trump, which could leave the board of AIB looking very foolish indeed if they proceed with the buyback. The idea that the AIB board must factor the unpredictability of the US president into a strategic decision about a share buyback is disconcerting. When you consider the same dynamic paralysing boardrooms across the world, it becomes terrifying.
