FACTBOX-Top outbound M&A deals from India
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.
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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)
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