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New Deal


Announced

Vedanta to acquire Ferro Alloys for $38m.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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ferromanganese

Acquisition

India

Majority

Friendly

Private

Domestic

Iron and Steel

Pending

Single Bidder

Synopsis

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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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