Vedanta raises bid to buy minor stakes in Indian subsidiaries
Publicado em: 24/08/2012 17:16:00
British miner Vedanta Resources has decided to improve its offer to buy residual stakes in Indian former state-owned giants Hindustan Zinc and Balco from the government by 25%. The new offer may shell out US$ 3.9 billion, as its earlier proposals were declined by the Indian government. Vedanta had acquired the Balco stake in 2001 and the HZ stake during 2002-2003, and now it wants to gain full control of the two companies, which will be integrated into a single company named Sesa-Sterlite.