Pearson Agrees to Sell Recoletos Stake to Management
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Pearson Plc, owner of the Financial Times, agreed to sell its 79 percent stake in Spanish publisher Recoletos Grupo de Comunicacion SA as part of a management buyout that values the company at 941 million euros ($1.2 billion).
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LA MANGA, the sports and leisure resort to the stars, has been sold by P&amp;O in a Â£102m deal to a private equity fund backed by billionaire financier George Soros.
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Alcan Inc., the world&#39;s biggest aluminum maker by sales, agreed to sell its Pechiney Electrometallurgie ferroalloy division to Spain&#39;s Ferroatlantica SL for more than 100 million euros ($136 million).
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Publishing group Pearson said it had agreed to sell its 79-percent stake in Spanish media group Recoletos to an investment vehicle formed by a consortium of Spanish investors for 743 million euros (988 million dollars).
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Rupert Murdoch's News Corp. Ltd.  NCP.AX on Monday said it will sell its stake in Sky Latin  America to its DirecTV Group DTV.N for $579 million, creating  satellite broadcast monopolies in a region where profits have  been elusive.
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Jarvis Plc, the UK engineering firm whose debt is almost 10 times its market value, agreed to sell its stake in London&#39;s subway to the Spanish builder Grupo Ferrovial SA for Â£146.8 million (US$283 million) to avoid collapse.
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NEW YORK  - Rupert Murdoch's News Corp. Ltd. will sell its stake in Sky Latin America to DirecTVGroup , another company which it controls, for $579million in order to consolidate operations of the two satellitebroadcasters, the companies said on Monday.
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Mexican transportation company Grupo TMM SA said Wednesday it has reached an amended agreement with Kansas City Southern to sell 51 percent of its railway unit to the US company.
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One Equity Partners agreed to sell its stake in Quintiles Transnational, a big manager of clinical drug trials, to its C.E.O. and two buyout firms.
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By Franklin Paul and Kenneth Li NEW YORK  - Rupert Murdoch's News Corp. Ltd. on Monday said it will sell its stake in Sky LatinAmerica to its DirecTV Group  for $579 million, creatingsatellite broadcast monopolies in a region where profits havebeen elusive.
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Kraft Foods Inc. KFT.N said on   Wednesday it completed the acquisition of United Biscuits'   Iberian operations and recovered rights to several Nabisco   trademarks in Europe, the Middle East and Africa.
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French luxury products group LVMH said on Monday it had bought French financial newspaper Les Echos from Britain's Pearson, owner of the Financial Times, and had agreed to sell rival title La Tribune.
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Diversified manufacturer 3M Co  said on Thursday it has agreed to buy a Brazilian maker of orthodontic products for an undisclosed amount.
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Dopo offerta per gruppo spagnolo Recoletos
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Ahold is to complete its exit from the Brazilian market early in 2005 after agreeing the sale of its G Barbosa supermarket business to an affiliate of US firm ACON Investments.
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The billionaire financier George Soros has become the ultimate owner of La Manga, the exclusive Spanish resort notorious as a high-jinks playground for Premiership footballers, under a â¬146m (Â£102m) sale completed yesterday.
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General Mills Inc. GIS.N on  Monday said it will sell an $835 million stake in its cereal  business to an affiliate of Lehman Brothers Holding Inc.  LEH.N and use the money to buy back 16.5 million of its  common shares from Diageo Plc DGE.L.