Fri, Apr 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek Holdings, Baring Asia shortlisted to buy stake in Lafarge India

Posted on 08 February 2013

Temasek Holdings, Singapore’s sovereign investment fund, and one of Asia’s oldest marquee private equity investor Baring Asia are among those shortlisted by French cement multinational Lafarge as potential buyers for a minority stake in its Indian arm Lafarge India.
Lafarge India — which plans to shed a minority stake of 20-30% to raise Rs 1,325 crore ($250 million) and fund its Rs 6,000-crore expansion plans — is looking to complete the stake sale process by March this year. Saddled with a highly-leveraged consolidated balance sheet at the parent level, Lafarge has decided not to raise more debt locally to fund capital expenditure. Instead it is looking at equity financing from financial sponsors………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930