Monday, November 24, 2008
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Business Standard - Indian entrepreneur Lord Karan Bilimoria has put Cobra, the beer company he founded 18 years ago, up for sale for an estimated £200 million, a leading daily here claimed today.
The 46-year-old businessman had drafted in advisers from NM Rothschild to find a new investor in the business, famous for supplying its beer to most of the 10,000 curry houses in Britain, the Sunday Times claimed. The company, however, declined to comment on the potential sale. According to the report, the decision to sell comes just two months after Cobra raised £15 million of fresh capital.
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Tags: american-headquarters, dynamic-opportunities, edinburgh, fortunes, gemstones, NY, raft
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Friday, August 15, 2008
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New Zealand Herald - Eyebrows were raised this week when New York hedge- fund Elliott International nominated two Kiwi businessman - including recently appointed Infratil director Mark Tume - to join the Telecom board.
Telecom is on the fringes of the media world but National Party proposals for a huge broadband rollout will have an enormous impact on media and suggest Telecom will have a big role in media infrastructure.
And Elliott’s press release - linking the nomination of Tume and Mark Cross to Elliott’s calls for a wider structural break-up of Telecom - have added to questions about the way ahead for New Zealand’s biggest publicly listed company.
Should Tume win a place on the board he would bolster the bridge between two big infrastructure companies - Telecom and Infratil.
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Tags: fortunes, lt, nara, phrase, private-client-business
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