Posts Tagged ‘stake’

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German firm takes over Wienerberger’s Bramac stake

German building company Monier has taken over an Austrian roofing expert in full, it was announced today (Tues). View full post on Business Stories

Emerging Nations Gain in G-20 Deal

Finance officials of the world’s leading industrial powers agreed to reshape the International Monetary Fund to give fast-growing countries like Brazil, China and Turkey a bigger stake. View full post on Business Stories

GM: Treasury’s Citi stake poses conflict in IPO

SAN FRANCISCO (MarketWatch) — General Motors Co. said Thursday that the Treasury’s ownership of Citigroup shares poses a conflict of interest in its pending initial public offering. GM noted that the Treasury owns about 3.6 billion of Citi’s common stock, equivalent to a 12.4% stake of outstanding shares, which constitutes a conflict under FINRA regulations. [...]