Broker Center sponsored links

FACTBOX-Top outbound M&A deals from India

Tue Mar 25, 2008 11:10pm EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

March 26 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) is expected to confirm the sale of its British luxury brands Jaguar and Land Rover to India's top vehicle maker Tata Motors (TAMO.BO: Quote, Profile, Research, Stock Buzz) (TTM.N: Quote, Profile, Research, Stock Buzz) for over $2 billion later on Wednesday.

For more details, double-click [ID:nL25657658].

Here are five facts about Indian outbound M&As, according to data from Thomson Financial:

- Tata Steel (TISC.BO: Quote, Profile, Research, Stock Buzz) engineered India's biggest takeover yet, a $13 billion purchase of Corus Group Plc, more than double the size of the No. 2 deal, the purchase of Canada's Novelis by Hindalco Industries (HALC.BO: Quote, Profile, Research, Stock Buzz) in 2007.

- Indian firms completed deals worth $31.4 billion in 2007, up from about $7 billion the previous year.

- Before the expected deal with Ford, cross-border acquisitions announced by Indian companies in 2008 totalled $2.4 billion from 51 deals.

- After the expected Tata Motors deal, the No. 2 deal this year was by Tata Chemicals (TTCH.BO: Quote, Profile, Research, Stock Buzz), which agreed to pay $1.01 billion for U.S.-based General Chemical Industrial Products Inc.

- Standard Chartered Plc (STAN.L: Quote, Profile, Research, Stock Buzz) tops the league table for financial advisors in 2008, with more than half the market. Source: Thomson Financial (Compiled by Rina Chandran; Editing by John Mair)

 

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters