India: Apollo Tyres buys Germany’s Reifencom GmbH for $49m, to expand European biz

Posted by & filed under Deals & Investment

Apollo Tyres Ltd has acquired Reifencom GmbH, one of the largest tyre distributors in Germany, for €45.6 million (around Rs.324 crore), the company said in a statement on Monday. Reifencom has an online presence in six countries—Germany, France, Italy, Austria, Switzerland and Denmark. Additionally, it operates 37 stores and service… Read more »

India: Apollo LogiSolutions in talks with Piramal Capital’s SFG to raise $46m

Posted by & filed under Deals & Investment

Integrated logistics solutions provider Apollo LogiSolutions Ltd (ALS) is in talks with Piramal Capital’s structured financing group (SFG) to raise around Rs300 crore of credit, said two people aware of the development. ALS is 90% owned by Apollo International, which is part of the Onkar Kanwar-promoted diversified business house Apollo… Read more »