Telefonica pushes to win stake in Telebras privatization

Article Abstract:

Telefonica SA is expected to move aggressively as the Brazilian government sells off Telecomunicacoes Brasileiras SA or Telebras, a state-owned telecommunications company in Brazil, with $15 billion in annual sales and a 95-percent market share in Brazil. To privatize Telebras, Brazil has divided the company into 12 units, comprised three fixed-line operations, eight cellular services and one long distance and international telephone carrier. The government is asking for at least $11.7 billion for the sale, involving 19% of capital stock and 52% of voting shares.

Comment:

Is expected to move aggressively as Brazilian government sells off Telecomunicacoes Brasileiras SA or Telebras, Spain

Foreign operations, Wired Telecommunications Carriers, Telephone Communications, Brazil, Telephone services, Telefonica S.A., Article, Telecomunicacoes Brasileiras S.A.

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New Jewels Join Carrera's Crown

Article Abstract:

Former Loewe SA executives, Maria Eugenia Giron, Louis Urvois, and the British venture capital firm, 3i Group PLC, have bought into the Spanish jeweler Carrera & Carrera SA for $20.9 million. Giron and Urvois have a 57% stake in Carrera. 3i's stake is 27.5%. The Carrera family has the remainder. Giron is now the managing director of Carrera.

Investment Companies, Open-End Investment Funds, Jewelry Stores, Abstract, 3i Group PLC, Carrera and Carrera SA

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Lladro buys stake in Carrera & Carrera for 15 million euros

Article Abstract:

Lladro S.A. has reached a deal to acquire a minority share of Carrera and Carrera S.A. for 15 million euros. Lladro, a luxury jeweler based in Spain, will acquire 45% of Carrera.

Jewelry, Silverware, and Plated Ware, Jewelry & Silverware, Jewelry and Silverware Manufacturing, Jewelry, Jewelry industry, Luxuries, Lladro S.A., Carrera and Carrera S.A.

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