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Stock Market & Financial Investment News

News Breaks
June 10, 2014
17:01 EDTFIGFortress announces sale of remaining stake in GAGFAH
Fortress Investment Group announced that it has agreed to sell its remaining stake in GAGFAH. As part of the offering, Fortress and its affiliates have agreed to sell 60.5M GAGFAH shares, which will generate total proceeds of approximately $986M. The transaction is expected to close on June 13. Including a secondary offering of GAGFAH shares completed in April, Fortress and its affiliates will have sold a total of approximately 90.5M shares in the second quarter for total expected proceeds of $1.4B. Fortressís Private Equity business formed GAGFAH in 2004 through a series of acquisitions and has built the company into one of the largest German listed owner-operators of residential real estate in Germany. Over the lifetime of Fortressís investment in GAGFAH, Fortress funds have realized proceeds of $3.8B on a total equity investment of approximately $2.9B.
News For FIG From The Last 14 Days
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October 24, 2014
06:44 EDTFIGUniCredit CEO likely to select Prelios, Fortress for UCCMB bid, Reuters says
Unicredit (UNCFF) CEO Frederico Ghizzoni said that the company is negotiating with a group comprising of Fortress (FIG) and Prelios on the divestiture of its division Unicredit Credit Management Bank and could potentially enter exclusive discussions soon, according to Reuters, citing comments from Ghizzoni. Reference Link
October 21, 2014
12:55 EDTFIGNathaniel August discusses long position in Fortress
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09:01 EDTFIGOmnisure announces sale to Fortress, affiliates
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