Latest news with #stake
Bloomberg
a day ago
- Business
- Bloomberg
Temasek Is Said to Build 10% Stake in Italy's Ermenegildo Zegna
Temasek Holdings Pte is building a 10% stake in Italian fashion house Ermenegildo Zegna Group worth about $220 million. The Singapore state-owned investor is buying a roughly 5% stake from Zegna after initially scooping up shares in the market amounting to another 5% holding, according to people familiar with the matter, who asked not to be identified when discussing a private matter.
Reuters
2 days ago
- Business
- Reuters
EU regulators seek feedback on Prosus' offer to sell down Delivery Hero stake
BRUSSELS, July 28 (Reuters) - EU antitrust regulators are seeking feedback from third parties on Prosus' offer to slash its Delivery Hero ( opens new tab stake to below 10% to address EU concerns about its 4.1 billion euro ($4.77 billion) Just Eat Takeaway ( opens new tab deal, a person with direct knowledge of the matter said on Monday. Amsterdam-headquartered Prosus has proposed incrementally selling down its 27.4% stake in Delivery Hero and giving up its board seat, other people familiar with the matter told Reuters earlier this month. The company, which is majority owned by South Africa's Naspers (NPNJn.J), opens new tab, is banking on its AI capabilities to boost Just Eat Takeaway, Europe's biggest meal delivery firm. The European Commission, which acts as the competition enforcer in the 27-country bloc, did not detail the size of the stake to be sold off in the document sent to third parties, the person said. Respondents have until July 31 to reply. The Commission, which will decide on the deal by August 11, declined to comment. Prosus was not immediately available for comment. Delivery Hero and Just Eat Takeaway compete with each other in Austria, Bulgaria, Italy, Poland and Spain. ($1 = 0.8587 euros)
Yahoo
3 days ago
- Business
- Yahoo
Marcelo Claure leads UK for-profit university deal in AI education push
Billionaire former SoftBank executive Marcelo Claure has led the purchase of a 50 per cent stake in one of the UK's largest for-profit Sign in to access your portfolio
Bloomberg
22-07-2025
- Business
- Bloomberg
Mysterious Buyer in First Bank Spurs Nigerian Regulator's Query
A week after tycoons Foluke Oyeleye and Ayoola Otudeko sold their stake in the owner of Nigeria's oldest bank the identity of the new investor is still under wraps, spurring queries by the market regulator and investors. Barbican Capital Ltd., managed by Oyeleye and Otudeko, and other investors sold about 25% of First HoldCo Plc, the parent of First Bank of Nigeria Ltd., on July 16, according to data provided by Nigeria's Securities and Exchange Commission.
The Herald
22-07-2025
- Business
- The Herald
Ibex, formerly Steinhoff, sells entire Pepkor stake for $1.5bn
Ibex Investment Holdings, formerly known as Steinhoff International, sold its entire 28% stake in clothing retailer Pepkor for $1.5bn (R26.4bn) via an accelerated book-building process. The company offered about one billion shares worth R28bn, according to the terms of the deal published on Monday. A bookrunner for the deal said on Tuesday the shares were priced at R25.45 per share. Steinhoff changed its name to Ibex in 2023 as part of a restructuring prompted by its 2017 accounting fraud that led to a stream of lawsuits and hefty losses. As part of efforts to lower its mountain of debt, Ibex had been lowering its stake in Pepkor, which owns the Pep and Ackermans clothing brands, over the past few years. Reuters
