Tag Archives: Owning

Awilhelmsen Completes Transaction Among Owning Family Members And Sells 4.8 Million Shares Of Royal Caribbean

OSLO, Norway, Feb. 5, 2019 /PRNewswire/ — Awilhelmsen AS announced today that it has sold 4.8 million shares of common stock of Royal Caribbean Cruises Ltd. (NYSE: RCL) to a financial institution in a market transaction pursuant to Rule 144 of the Securities Act.  As a result of the transaction, the Arne Wilhelmsen family becomes the sole owner of Awilhelmsen and following the sale of RCL shares, Awilhelmsen, together with its affiliates, continues to beneficially own 12% of RCL common stock.

“This sale of shares enables Awilhelmsen to complete a transaction with its owning families, while maintaining its significant position as the largest shareholder of RCL,” said Sigurd E. Thorvildsen, its Chief Executive Officer.

Awilhelmsen is a privately…

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ConCourt upholds ruling of invalidity of law preventing African women from owning property

In a victory for African women, the Constitutional Court has confirmed a High Court order declaring a section of the Upgrading of Land Tenure Rights Act (the “Upgrade Act”) unconstitutional. The law indirectly prevented many women from becoming property owners.

This was as a result of apartheid era legislation which didn’t recognise African women as holders of property rights. The law recognised African men as holders of these rights, which were converted into formal ownership rights by the act in the 1990s.

In a unanimous judgment written by Acting Judge Patricia Goliath, the court said the case was about an applicant who “seeks to vindicate her right to access to housing – a right which is intrinsically linked to her dignity,” by challenging a piece of legislation which she said prevented…

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Mt. Airy workshop to focus on achieving dream of owning a home

MT. AIRY >> The National Association of Real Estate Brokers has set a goal of 2 million African-American homeowners by 2023. Leading the local …
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How Japan Is Exploiting Africans’ Deep Fears of Not Owning A Car

In Africa, Owning A Car is Somewhat Sacred

In Africa, Owning A Car is Somewhat Sacred. The Japanese car-monopoly is evident on the continent with how Toyota car brands like Premios, Vitz, Raums, Coronas, Mark II are defining what owning a car means.

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.