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Mergers & Acquisitions | 21 March 2012

Australia Based Amcor Acquires Uniglobe Packaging

by Charmi Gutka
Australia Based Amcor Acquires Uniglobe Packaging
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Australia based Amcor has acquired @Uniglobe Private Limited, a packaging firm for $20.7Mn to expand market in India .

With this deal, Amcor will increase its facility in India from three to five plants.

Founded in 1999, Uniglobe Packaging provides packaging for the food, personal care and health sectors. Its clients include Hindustan Unilever and Cadbury India.

GVK Power To Sell Stake In Alpha Coal Project To Raise Funds

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GVK Power & Infrastructure is planning to sell stake in Alpha coal project and related port and rail assets in Australia to raise funds for $10Bn cost of the projects.

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Panasonic Corporation Partners Minda Industries For Automotive Batteries

Panasonic Corporation Partners Minda Industries For Automotive Batteries

With the Japanese interest tale continuing in the country, Panasonic Corporation is forming a 60:40 JV with Minda Industries to develop, manufacture and sell lead acid storage batteries in India with an investment of INR 1,600 Mn.

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