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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek, KKR eyeing stake in Alliance Tire

Posted on 14 January 2013

Private equity firms including Singapore state investor Temasek Holdings and KKR & Co are separately in advanced talks to buy Warburg Pincus LLC’s majority stake in Indian tyre maker Alliance Tire Group for about $400 million, three sources with direct knowledge of the matter said.
Other interested bidders include US private equity firms Advent International and TPG Capital, said the sources, all of whom declined to be named as the details of a possible deal are not yet public. Alliance Tire aimed to generate sales of more than $600 million in 2012, its website showed………………………………………..Full Article: Source


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