Latest news with #stake
Bloomberg
3 days ago
- Business
- Bloomberg
Worldline Woes Draw Credit Agricole Staff Queries Over 2024 Stake
The fraud allegations enveloping French payments firm Worldline SA have prompted questions from employees at Credit Agricole SA, who want to know why executives agreed to closer ties with the payment firm last year, according to people familiar with the matter. Some employee representatives have written an email to Credit Agricole's management questioning the firm's decision to take a 7% stake in Worldline early last year, one of the people said, asking not to be identified discussing the private information. The representatives want to know if the bank carried out appropriate checks at the time.
Bloomberg
5 days ago
- Business
- Bloomberg
Warburg Is Said in Talks to Sell Stake in SBI General Insurance
Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people familiar with the matter. The firm is finalizing details of an agreement with Premji Invest — the family office of Wipro Ltd. founder Azim Premji — and State Bank of India, the people said, asking not to be identified because the talks are private. A transaction could value SBI General Insurance at as much as $4.5 billion, the people said.
Yahoo
5 days ago
- Business
- Yahoo
Ares Management Strikes $2.3 Billion Deal to Buy 20% Stake in Eni Unit Plenitude
Ares Management (ARES) will acquire a minority stake in Italian energy group Eni's (E) energy transi
Reuters
17-06-2025
- Business
- Reuters
Hedge fund Millennium in talks to sell stake at $14 billion valuation, source says
LONDON, June 17 (Reuters) - Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, said a source with knowledge of the matter. The company is working with Goldman Sachs' (GS.N), opens new tab Petershill Partners to sell a stake of 10% to 15% to interested parties, the source said. Petershill, which buys minority stakes in asset managers, is looking at placing part of the stake with its own clients and part with others who already invest in Millennium's fund, the source said, declining to name the investors. Petershill and Millennium declined to comment. The Financial Times first reported the story. Millennium, founded and led by billionaire Israel Englander, manages more than $75 billion across a range of asset classes, including equities, fixed income and commodities. The company employs more than 6,200 people, according to its website. Millennium's multi-strategy hedge fund returned a positive 1.7% return in May, bringing its investment performance to 0.4% for 2025 to the end of May. Englander founded the hedge fund in 1989 with $35 million in capital. Millennium has been exploring a stake sale for some time. BlackRock (BLK.N), opens new tab, the world's largest asset manager, began early-stage talks with Millennium about a strategic tie-up that could involve buying a minority stake, Reuters reported in November citing sources.
Free Malaysia Today
17-06-2025
- Business
- Free Malaysia Today
EPF buys 5% stake in 99 Speed Mart
The Employees Provident Fund has acquired a 5% stake in 99 Speed Mart, one of the country's largest minimarket retail chains. PETALING JAYA : The Employees Provident Fund (EPF) has bought a 5.02% stake in 99 Speed Mart Retail Holdings Bhd (99 Speed Mart) via a direct off-market deal. According to a filing with Bursa Malaysia, EPF had acquired 421.79 million shares in the minimarket operator on June 4. While details about the seller and the transaction price were not disclosed, the block of shares is estimated to be worth RM868.89 million, based on the retailer's closing price of RM2.06 per share on June 4. Founder and CEO Lee Thiam Wah remains the largest shareholder, holding a 79.68% stake in the company. Shares in 99 Speed Mart rose one sen to RM2.10 today, giving the company a market capitalisation of RM17.64 billion. 99 Speed Mart was added to the FBM KLCI component list in December last year, just months after its Main Market debut on Sept 9, 2024 at an initial public offering (IPO) price of RM1.65. The stock reached a high of RM2.58 in the same month.
