Search Results for:George Smith Alexander
Tata Group and Dabur India Ltd are among suitors selected for the second round of bidding.
There are more billion-dollar deals being weighed, as pharma giant GlaxoSmithKline examines selling its stake in its local consumer health subsidiary, worth about $3.1 billion, and Kraft Heinz considers the sale of its children’s milk drink brand Complan in India, which may fetch about $1 billion.
The Blackstone REIT, which comprises properties that count Microsoft and Rolls-Royce as tenants, would be a crucial test after much-hyped infrastructure trusts failed to gain traction in the Indian market.
This comes just months after Tata scrapped a deal with Warburg Pincus due to delays securing regulatory approvals and a decline in Tata Technologies’s business performance.
Mitsubishi UFJ Financial Group Inc. and Cooperative Rabobank UA are in talks with UPL to provide the financing.
Consumer acquisitions in India have more than doubled this year to $7.7 billion, up from $3.4 billion during the same period in 2017
India’s top wireless operator plans to raise as much as $1.5 billion by listing a quarter of equity in its Africa unit by early 2019 in either London or South Africa.
Schneider will own 74% of the unit when the deal is complete, while Temasek will own the rest.
The revised offers are being submitted after Fortis’s board last week said it will only consider binding bids.
The German lender is considering keeping the operations after former Chief Executive Officer John Cryan stepped down this month.