Sponsored Links

Blackstone notifies Cohen's SAC it intends to pull money: pension consultant

- Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.

» More Business News

Families edging out private equity in consumer deals

LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.

» More Small Business News

China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

» More Green Business News

SingTel sells Warid Telecom stake to Abu Dhabi

A woman uses a phone at the lobby of a Singtel office in Singapore March 12, 2010. REUTERS/Vivek Prakash

A woman uses a phone at the lobby of a Singtel office in Singapore March 12, 2010.

Credit: Reuters/Vivek Prakash

SINGAPORE | Tue Jan 29, 2013 6:11am EST

SINGAPORE (Reuters) - Singapore Telecommunications said on Tuesday it has agreed to sell its entire 30 percent stake in Pakistan's Warid Telecom to a unit of the Abu Dhabi Group for $150 million.

"Excluding the value of any future transaction interest, the estimated loss on disposal will be approximately S$230 million ($186 million), including the foreign currency translation losses and transaction costs," SingTel said in a stock market filing.

(Reporting by Kevin Lim)
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Inflows Outflows
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.