Announced
Financials
Sources
Tags
Acquisition
Single Bidder
Private
Friendly
zinc
Majority
India
raw materials
Nonferrous Metals
Domestic
Failed
Synopsis
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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