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Home » Mergers & Acquisitions » Energy / Utilities » McNally Bharat Acquires Humbolt Wedag For $16 Mn |
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McNally Bharat Acquires Humbolt Wedag For $16 Mn
by Irfan Khan | November 03,2009 - 09:05 AM
Topics : Mergers & Acquisitions
Industries : Energy / Utilities
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Khaitan Group company - McNally Bharat Engineering Company Ltd has acquired the coal and mineral technology business of Humboldt Wedag GmbH through its wholly owned Singaporean subsidiary - MBE Holding Pte Ltd for $16 mn. The company has made a upfront cash payment of $7.5 mn and the balance goes towards the statutory liability on account of workshop employees who have been absorbed. MBE Holding Pte Ltd designs mineral benefication plants and coal washeries. It operates through four subsidiaries: - MBE Coal & Minerals Technology GmbH, Cologne, responsible for markets in Europe, North & South America, Russia & China
- MBE Minerals SA Pty Ltd, South Africa is responsible for Africa market
- MBE Humboldt Wedag India Pvt Ltd is responsible for Indian market
- Cologne Engineering GmbH is a manufacturing unit based in Cologne, primarily making equipment for the cement Industry
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| There is no data for the current transaction |
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| Latest DealCurry Notes |
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PE Fund SIDOFI Communication To Buy 10% In Asianet
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September 07, 2010, 10:48 AM | Deeshesh Chheda
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Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.
SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.
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| M&A |
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| PRIVATE EQUITY |
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| VENTURE CAPITAL |
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| I.P.O. / OFFERINGS |
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