Tag «sale»

AccorHotels Initiates Sale of Majority Stake in AccorInvest

AccorHotels announces that it has signed agreements with a group of international investors with a view to selling a majority of the capital of AccorInvest. Under the terms of the agreements, AccorHotels would initially sell 55% of AccorInvest to Sovereign Funds, namely the Public Investment Fund (PIF) and GIC, Institutional Investors, namely Credit Agricole Assurances, …

Lifestyle announces its End of Season Sale

~ Exciting offers of up to 50% across leading brands ~   National, December 2017 Lifestyle, India’s most preferred fashion destination, announces its much awaited End of season sale. Offering incredible discounts on leading national & international brands, the shopping extravaganza will commence on 18th December 2018 and go on till 18th February 2018. The …

Sale of Brazilian steel mill CSA complete

The sale of the CSA Siderúrgica do Atlântico (CSA) steel mill in Brazil to the Latin American steelmaker Ternium is complete. With the closing of the transaction thyssenkrupp has received the purchase price (enterprise value) of €1.5 billion. The transaction reduces the Group’s net financial debt significantly and contributes to the expected improvement in its …

Rio Tinto agrees sale of Coal & Allied

Rio Tinto has reached a binding agreement for the sale of its wholly-owned Australian subsidiary Coal & Allied Industries Limited to Yancoal Australia Limited for up to $2.45 billion comprising: An initial $1.95 billion cash payment, payable at completion; and $500 million in aggregate deferred cash payments, payable as annual instalments of $100 million over …

Rio Tinto agrees sale of its Lochaber assets for $410 million

Rio Tinto has reached an agreement to sell its assets at Lochaber, Scotland to SIMEC for consideration totalling $410 million (£330 million). The sale purchase agreement comprises the sale of Rio Tinto’s 100 per cent shareholding in Alcan Aluminium UK Limited which includes the operating smelter, the hydroelectric facilities at Kinlochleven and Lochaber as well …

Rio Tinto completes sale of Zululand Anthracite Colliery

Rio Tinto has completed the sale of its 74 per cent of Zululand Anthracite Colliery (ZAC) to Menar Holding, for an undisclosed sum. ZAC, an underground mine in Zululand, South Africa, produces premium quality anthracite for international and domestic customers and has more than 1,300 employees and contractors. The remaining 26 per cent of ZAC …