Announced

Vedanta to acquire Ferro Alloys for $38m.

Synopsis

Vedanta, a diversified natural resources company, agreed to acquire Ferro Alloys, a major producer of ferromanganese, for $38m. The acquisition will complement Vedanta’s existing steel business as the vertical integration of ferro manufacturing capabilities has the potential to generate significant efficiencies and will help Vedanta to increase its portfolio in steel business.

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MergerLinks - Vedanta to acquire Ferro Alloys for $38m.