Tabacalera propone a sus socios canarios sacar Cita a bolsa
Article Abstract:
(CORRECTION) Spanish cigarette company Tabacalera is reportedly proposing that the controversial company in the Canary Islands, Cita, be listed on the stock market. Cita produces Coronas brand cigarettes. Tabacalera has a 50% stake in the company, while the Zamorano Saenz family has the other 50% through a company called Atic, and the proposal would involve the listing of approximately 25% of the company. Both Tabacalera and Atic have had problems in the past and are unable to reach an agreement on the value of Cita, which the Atic family claims is Pta 11,000mn, and Tabacalera claims is at least twice the amount.
Comment:
Is reportedly proposing that the controversial company in the Canary Islands, Cita, be listed on the stock market
Publication Name: Gaceta De Los Negocios
Subject: Business, international
ISSN: 1134-3931
Year: 1998
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Ferrer anuncia la salida a bolsa de parte del capital de Freixenet
Article Abstract:
Spanish cava producer Freixenet, based in Barcelona, has announced it plans to list part of the company's capital on the stock market, although no date has been set. The Ferrer family plans to maintain control of the company, but the family members wishing to sell their shares could do so. The project may be carried out similarly to foundations sometimes separate political rights over shares and which have their stock shielded and guaranteed.
Comment:
Announces its plan to list part of the company's capital on the stock market
Publication Name: Gaceta De Los Negocios
Subject: Business, international
ISSN: 1134-3931
Year: 1998
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Damm sacara a bolsa el 13% del capital blindado
Article Abstract:
During the next shareholders meeting, to be celebrated in December 1998, the Spanish brewery company Damm is expected to approve the quotation of the remaining 13% stake held by the Board. Damm had syndicated such quota in 1995 to block a possible expansion of Danone, through San Miguel (which holds a 5.1% quota of Damm). Main shareholder of Damm, which has a 16% domestic market share, is the German multinational Oetker (18% stake). *
Comment:
Is expected to approve quotation of remaining 13% stake held by the Board during shareholders meeting on 12/98
Publication Name: Gaceta De Los Negocios
Subject: Business, international
ISSN: 1134-3931
Year: 1998
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