Pearson to Sell Stake in Spanish Publisher
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British publisher Pearson PLC said Tuesday it plans to sell its 79 percent stake in Spanish media group Recoletos in a deal worth euro743 million (US$990 million).
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The Mexican government said it would sell its controlling stake in AeromÃ©xico to an investor group that includes Banamex, the Mexican subsidiary of Citigroup.
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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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The Tribune Company sold Hoy New York, its Spanish-language newspaper, to ImpreMedia, a leading Spanish-language publisher.
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SANTANDER Central Hispano, the Spanish bank that last year bought Britain - s Abbey National, yesterday sold its last shares in Royal Bank of Scotland, its partner of 16 years.
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Anglo-Dutch publisher Reed Elsevier agreed on Monday to sell its education arm Harcourt to rival Houghton Mifflin for $4 billion, creating a giant U.S. textbook firm in an industry undergoing a major ownership shift.
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Britain&#39;s Pearson agreed on Tuesday to sell its 79 percent stake in Recoletos to a management-led consortium offering 941 million euros ($1.25 billion) for the entire Spanish media group.
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Business & money: Pearson has decided against bidding for Dow Jones, the owner of the Wall Street Journal.
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MADRID/NEW YORK  - Banco Bilbao Vizcaya Argentaria SA , Spain's second-largest bank, agreed to buy Compass Bancshares Inc.  for $9.6 billion, realizing a long-held goal of gaining a solid foothold in fast-growing southern U.S. states.
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Acquiring the publisher of the Wall Street Journal might appear to run against Pearson Plc's  current strategy of focusing on education, but a deal could mean the eventual sale of its Financial Times newspaper.
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Rupert Murdoch's News Corp. Ltd.  will sell its stake in Sky Latin America to DirecTV Group , another company which it controls, for &#36;579 million in order to consolidate operations of the two satellite broadcasters, the companies said on Monday.
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Spain's Santander Central Hispano plans to raise an initial 1 billion pounds from the sale of closed-life books owned by Abbey National, the Sunday Times says.
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One Equity Partners agreed to sell its stake in Quintiles Transnational, a big manager of clinical drug trials, to its CEO and two buyout firms.
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Spain's high-profile indie producer Andres Vicente Gomez has snagged Telefonica Group's 70% stake in his Lola Films production house as the telecom giant continues to divest noncore assets.
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NEW YORK  - Rupert Murdoch's News Corp. Ltd. willsell its stake in Sky Latin America to DirecTV Group, anothercompany which it controls, for $579 million in order toconsolidate operations of the two satellite broadcasters, thecompanies said on Monday.
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French airline Air France-KLM is preparing a takeover offer for Spanish peer Iberia with several Spanish partners who will take a majority stake in the group, a Spanish newspaper reported on Wednesday.
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Pearson PLC, the publisher of the Financial Times newspaper, said Wednesday that its 2004 earnings fell because of weakness in the U.S. dollar and problems at its Penguin book publishing unit.