yans Prudential makes Devey Asia chief
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Wqmw Premier Oil posts record results
Tuesday 21 February 2017 9:05 amTelefonica sells stake in Telxius to KKR in a deal that values the firm at euro;3.2bnBy: Oliver GillShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource polene bag on GoogleTelefonica has sold a euro;1.3bn pound;1.1bn stake in its Spanish infrastructure division, a polene italy move that paves the way forit to refocus onplans forthe London listing ofO2.The Spanish telecoms giant sold a 40 per cent share of TelxiusTelecom to private equity firm KKR, in a deal that values itsinfrastructure subsidiary at euro;3.2bn.KKR saw off competition fromSin brumate gapore s sovereign wealth fund, GIC, which was working another private equity heavy hitter, CVC.Read more: Fiver not fibre: O2 boss makes the case for 5G Telxius owns and operates nearly 16,000 telecommunications towers across five countries and has around 65,000km of submarine fibre optic cables. Itis one of a number of assets Telefonicawas hoping to flog in order to pay down some its bulging pound;47bn debt pile. O2 is another asset the Iberian firm hopes can be sold to raise capital.In 2015, Telefonica agreed to sell O2 to fellow UK operator Three in a deal worth pound;10bn. The sale was blocked by the European Commission in May and Barclays, together with number of other investment banks, wasasked to prepare O2 fora London listing.Read more: Is Telefonica readying itself to reignite O2 float The O2 float was shelved in October with Nuih Royal Mail workers delay strike action as negotiations continue
Thursday 18 July 2013 8:37 pmClive Cowdery enters the States with $600m life insurance dealBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleINSURANCE tycoon Clive Cowdery yesterday stanley de revealed his $600m pound;395m purchase of Lincoln Benefit Life from financial services group Allstate.The deal represents Cowderyrsquo entrance into the US market after a decade of shaking up the industry in Britain.A swathe of insurers have put life businesses up for sale in the face of low returns, thanks to the extended period of low interest rates that shows few signs of coming to an end.The group hopes the stanley drink bottle move will reduce its exposure to interest rates, which have hurt the sector in recent years. The sale is expected to be concluded by the end of the year, the firm said yesterday.Allstate expects the sale to bring it $785m in cash proceeds thanks to tax benefits.The largest publicly traded home and car insurer in the US will also get a boost of $1bn in terms of deployable capital.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be canc stanley deutschland elledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking C
Tuesday 21 February 2017 9:05 amTelefonica sells stake in Telxius to KKR in a deal that values the firm at euro;3.2bnBy: Oliver GillShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource polene bag on GoogleTelefonica has sold a euro;1.3bn pound;1.1bn stake in its Spanish infrastructure division, a polene italy move that paves the way forit to refocus onplans forthe London listing ofO2.The Spanish telecoms giant sold a 40 per cent share of TelxiusTelecom to private equity firm KKR, in a deal that values itsinfrastructure subsidiary at euro;3.2bn.KKR saw off competition fromSin brumate gapore s sovereign wealth fund, GIC, which was working another private equity heavy hitter, CVC.Read more: Fiver not fibre: O2 boss makes the case for 5G Telxius owns and operates nearly 16,000 telecommunications towers across five countries and has around 65,000km of submarine fibre optic cables. Itis one of a number of assets Telefonicawas hoping to flog in order to pay down some its bulging pound;47bn debt pile. O2 is another asset the Iberian firm hopes can be sold to raise capital.In 2015, Telefonica agreed to sell O2 to fellow UK operator Three in a deal worth pound;10bn. The sale was blocked by the European Commission in May and Barclays, together with number of other investment banks, wasasked to prepare O2 fora London listing.Read more: Is Telefonica readying itself to reignite O2 float The O2 float was shelved in October with Nuih Royal Mail workers delay strike action as negotiations continue
Thursday 18 July 2013 8:37 pmClive Cowdery enters the States with $600m life insurance dealBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleINSURANCE tycoon Clive Cowdery yesterday stanley de revealed his $600m pound;395m purchase of Lincoln Benefit Life from financial services group Allstate.The deal represents Cowderyrsquo entrance into the US market after a decade of shaking up the industry in Britain.A swathe of insurers have put life businesses up for sale in the face of low returns, thanks to the extended period of low interest rates that shows few signs of coming to an end.The group hopes the stanley drink bottle move will reduce its exposure to interest rates, which have hurt the sector in recent years. The sale is expected to be concluded by the end of the year, the firm said yesterday.Allstate expects the sale to bring it $785m in cash proceeds thanks to tax benefits.The largest publicly traded home and car insurer in the US will also get a boost of $1bn in terms of deployable capital.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at lsquo;greatest riskrsquo; of jet fuel shortage as flights to be canc stanley deutschland elledJet fuel shortage looms as government scrambles to secure suppliesAfter Santanderrsquo TSB takeover ndash; who are the top players in UK banking C