Tuesday, May 8, 2007

Mexican CIE sells majority stake in S.America units

(Reuters) - Chief Executive Jaime Zevada told Reuters that CIE will maintain a 24 percent stake in live entertainment operations in Brazil, Argentina and Chile, now comprised under a newly created company called Newco.

Revenue from the three countries plus the United States accounted for 11 percent of CIE's total revenue of 2.413 billion pesos in the first quarter of 2007.


Read more at Reuters.com Mergers News

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