DEGUSSA TO ACQUIRE BHARTIAS' HOLDING IN INSILCO

Article Abstract:

Degussa AG of Germany is to acquire the entire 34 percent stake held by the Bhartias in Insilco, a producer of precipitated silica. The company has agreed to acquire the stake at Rs22-23 per share. The value of the stake held by the Delhi-based Bhartias is about Rs38 crore. Degussa does not have make a public offer as the transfer of shares is between two promoters. Degussa's holding in the company will increase to 68 percent after the acquisition. (khr)

Comment:

To sell its 34% stake in Insilco Ltd. to Degussa AG of Germany

Asset sales & divestitures, Acquisitions & mergers, Nonclay Refractories, Nonclay Refractory Manufacturing, Chemicals & Allied Products, Chemical Manufacturing, Refractories (Materials), Chemicals, Degussa AG (Frankfurt, Germany), Insilco Ltd., Bhartias

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UPCL PLANS JV WITH ARAL LUBRICANTS

Article Abstract:

Universal Petro-Chemicals Ltd of the Universal-Halwasiya group plans to set up a joint venture with Aral Lubricants GmbH of Germany. The Universal-Halwasiya group will hold a 51 percent stake in the venture, to be called Aral Lubricants (India) Pvt Ltd, while the German company will hold 49 percent. The Foreign Investment Promotion Board has cleared the proposal for the joint venture. (khr)

Comment:

Universal Petro-Chemicals forms Aral Lubricants (India) jtly with this firm of Germany, India

Joint ventures, Organizational history, Petroleum Lubricating Oil and Grease Manufacturing, Lube Oils, Lubricating oils, Aral Lubricants (India) Private Ltd., Universal Petro-Chemicals Ltd., Aral Lubricants GmbH

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