Aditya Birla Group-owned Hindalco Industries Ltd, India’s largest aluminium producer, plans to invest around $180 million to expand its rolling capacity in Brazil by 100-kilo tonne (KT), managing director and chief...
JSW Steel takes over Dolvi Minerals and Metals for Rs 109 crore
JSW Steel has taken over Dolvi Minerals and Metals by buying the remaining 60% of its share capital for Rs 109 crore, the company informed the stock exchange on Wednesday. With 40% already owned by JSW Steel earlier...
Arconic weighs $11 billion offer from Apollo – sources
Aluminium products maker Arconic Inc’s board of directors is mulling an $11 billion acquisition offer it received last Friday from buyout firm Apollo Global Management LLC, according to people familiar with the matter...
Large private equity consortium forms for Arconic bid – sources
Blackstone Group LP, Carlyle Group LP, Onex Corp and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic Inc, according to people familiar with the matter. Such...
Anil Agarwal succeeds with Vedanta Resources buyout
Anil Agarwal, Vedanta Resources chairman is set to take the LSE-listed company private from October 1, after its family-owned trust Volcan Investments announced on Monday that it has got a green signal from minority...
Aluminum products maker Arconic in talks to sell itself: sources
Aluminum products maker Arconic Inc is discussing acquisition offers for the entire company, even though it announced a sale process last month only for its building and construction systems unit, people familiar with...
ORL may merge 2 unlisted arms with itself
Orient Refractories (ORL) plans to merge its two unlisted subsidiaries – RHI India and RHI Clasil – with itself for better operational efficiency and simplify holding structure. All three companies are part...
Arconic weighs buyout approaches from private-equity firms: WSJ
Aluminum products maker Arconic Inc is weighing takeover approaches from at least two private-equity groups, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company’s shares...
Sterlite Tech arm completes acquisition of Metallurgica Bresciana
Sterlite Technologies today said its subsidiary has completed acquisition of Metallurgica Bresciana, a European specialised optical cable manufacturer, for 47 million euros in an all-cash deal. In a regulatory filing...
Canadian miner Lundin plans to buy Nevsun Resources for C$1.4 billion
Canada’s Lundin Mining Corp said on Monday it plans to make an offer to buy base metals company Nevsun Resources Ltd for about C$1.4 billion ($1.07 billion), its second proposal in three months. Lundin offered C$4.75...
Indonesia to announce Freeport acquisition structure: source
Indonesia is set to announce later on Thursday the details of a deal to acquire a majority stake in the local unit of U.S. copper miner Freeport McMoRan Inc (FCX.N), a source with knowledge of the matter said. The...
Cairn Energy says I-T department sells $216 million of Vedanta shares
British energy firm Cairn Energy Plc on Monday said the Indian government had sold some of the shares it owned in Vedanta Ltd, which were earlier attached in a tax dispute, for $216 million. The Edinburgh-based company...
