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New Deal


Announced

Hindustan Zinc failed to acquire the zinc international assets of Vedanta for $3bn.

Financials

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Transaction Value£2,432m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Single Bidder

Private

Friendly

zinc

Majority

India

raw materials

Nonferrous Metals

Domestic

Failed

Synopsis

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Hindustan Zinc, an Indian integrated mining and resources producer, failed to acquire the zinc international assets of Vedanta, an Indian multinational mining company, for $3bn. Subject to receipt of timely regulatory approvals, the transaction is expected to be completed in a phased manner over a period of around 18 months, the company noted, adding that the agreements will be executed subsequent to shareholders’ approval.

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