percent stake

Portuguese energy company Galp Energia says China's Sinopec is paying $4.8 billion (euro3.5 billion) for a 30 percent stake in its Brazilian subsidiary Petrogal Brasil.

Activist investor William Ackman and his affiliates have bought a 12.2 percent stake in Canadian Pacific Railway Ltd.

LM Ericsson AB will sell its 50 percent stake in mobile phone maker Sony Ericsson to Sony Corp. for euro1.05 billion ($1.46 billion) in cash, the Swedish wireless equipment firm said Thursday.

The Italian automaker Fiat says it has reached a deal to buy a 16-percent stake in the U.S. automaker Chrysler LLC for $1.27 billion.

Nelson Peltz's investment firm has amassed a 7.9 percent stake in the low-cost retailer and offered to pay $55 to $60 a share for the rest of the company.

LVMH Moët Hennessy Louis Vuitton, controlled by Bernard Arnault, has acquired a 17.1 percent stake in Hermès International, which wants to stay independent.

Grupo Televisa , the Mexican broadcaster, said on Monday that it had agreed to buy a 30 percent stake in the Mexican telecommunications unit of NII Holdings for $1.44 billion in cash.

Newmont Mining has agreed to sell a 14 percent stake in an Indonesian gold mine for $494 million, ending a years-long dispute with the Indonesian government over how the mining company should sell shares as required under its contract to operate in the country.

With the media company worth as much as $35 billion, Vivendi’s 20 percent stake could be worth $7 billion, analysts say.

The Swiss government’s sale of a 9 percent stake in UBS drew lively bids, traders said on Thursday, with a price range seen above the stock’s closing price in the previous session.