For
the Record is
compiled from company releases, business
journals and newspaper reports from around
the state. If you have an item for these
listings:
• Mail it to:
For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293
MCI, an Ashburn-based communications
company, agreed to sell its investment in its
Brazilian telecommunications operations, Embratel
Participacoes, to Telefonos de Mexico for $360
million. (Press release)
The Mills Corp., a real estate investment trust
headquartered in Arlington, sold a 50 percent
stake in its Opry Mills shopping and entertainment
complex in Tennessee to Kan Am Grund for $158.1
million, including $89.3 million of joint venture
debt. (Business Wire)
