Announced
Financials
Sources
Tags
ferromanganese
Acquisition
India
Majority
Friendly
Private
Domestic
Iron and Steel
Pending
Single Bidder
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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