Indian M&A doubles without Goldman
Article Abstract:
JM Morgan Stanley was the leading adviser for announced merger and acquisition deals in India in 1999, advising on nine deals worth $692 million. It was followed by DSP Merrill Lynch, which was involved in 13 deals worth a total of $650 million. The Indian merger and acquisition market is not yet the priority of investment banks' Asian strategies, but India has become an emergent centre for advisers. The value of merger and acquisition deals reached $3.7 billion in 1999, from $1.4 billion in 1998.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2000
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Slow train picks up speed
Article Abstract:
India is an attractive market for multinationals keen on acquiring more assets. Indian companies have realised that they have to sell off poorly performing businesses or any which are non-core. The concrete sector is expected to shrink from 55 companies to 12 before 2004. The largest acquisition in 1998 was when Grasim bought over India Rayon. Grasim then bought a controlling share in Shree Digvijay for $68 million. This makes Grasim the largest cement producer in India.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Drinks on Lazards as Diageo deal fends off Goldman
Article Abstract:
The 1997 league tables of global acquisitions and mergers is dominated by UK investment banks SBC Warburg Dillon Read and Lazard Brothers which advised on the 9.8 billion pounds sterling merger between Guinness and Grand Metropolitan. Goldman Sachs and Morgan Stanley, also of the UK, have risen to fourth and sixth place in the 1997 tables, against tenth and 11th in 1996. In total, Lazard Brothers advised in 11 public deals worth 19.6 billion pounds sterling.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1998
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