Showing 81138 automotive news archives since November,1999.   
Domestic News |     International News | News Archives | New & Used Car | New & Used Bike | Classifieds | 10 May 2008
 
 Wednesday, March 26, 2008
Major overseas acquisitions by India's Tata Group
Ford Motor Co is expected to confirm the sale of its British luxury brands Jaguar and Land Rover to Tata Motors for over $2 billion later on Wednesday.

Following are some major overseas acquisitions by Tata Group companies in recent years: - Feb 2000 - Tata Tea Ltd acquires UK's Tetley for $432 million, becoming the world's No. 2 packaged tea company - Feb 2004.

Tata Motors signs a deal to buy the commercial vehicle unit of South Korea's Daewoo Group for $102 million in Aug 2004.

Tata Steel Ltd buys Singapore's lone steel miller, NatSteel Ltd, for $286 million - June 2005 - Tata Coffee buys US-based Eight O'Clock Coffee Co for $220 million from Gryphon Investors in July 2005.

Telecom firm Videsh Sanchar Nigam Ltd buys US-based Teleglobe International Holdings Ltd for $239 million and completes the $130 million purchase of Tyco International's global undersea fibre optic cable network unit in Aug 2006.

Tata Tea buys 30 per cent of US enhanced water firm Energy Brands Inc for $677 million. It sells the stake less than a year later to Coca-Cola for $1.2 billion in Jan 2007.

Tata Steel acquires Anglo-Dutch steelmaker Corus Group for $13 billion, India's biggest overseas takeover yet - March 2007.

Tata Power buys stakes in Indonesian PT Bumi Resources Tbk's two coal mines for $1.3 billion in Jan 2008.

Tata Chemicals buys US soda-ash producer General Chemical Industrial Products Inc for $1.01 billion.

  Source : Economic Times   (3/26/2008)
 
Other Stories of Wednesday, March 26, 2008
Tatas close to sealing deal with Ford
Fiat, Tata Motors Indian JV to expand capacity
Electrotherm plans to launch higher capacity bikes
Major overseas acquisitions by India's Tata Group
Premier to approve allotment of shares
Tata Motors to wrap up JLR deal soon
Tata Motors: from trains to trucks to Jaguar
From trains to trucks to Jaguar
Home Add to Favorites Email to Friend Print this Page RSS
   
 
SisterSites :- http://www.indiacar.com | http://www.khichdee.com | http://lo.karloba.at | http://www.indiabike.com | http://www.cuttingchaai.com
Contact us | Terms & Conditions | Add to Favorites

Copyright © 2007 Indiacar.com