Après Tata Steel c'est le tour de UB Group et Apollo Hospitals

Après l’acquisition fait par Tata Steel en Janvier cette année, c’est le tour de UB group et Apollo Hospitals de faire le « business deal » avec Europe.

Après l’acquisition de Corus par Tata Steel en Janvier, la prochaine grande affaire impliquant les compagnies indiennes, seraient l’United Breweries de Vijay Mallya reprenant la plus grande société de whisky Whyte & Mackay, et les Hôpitaux Apollo achetant une partie des hôpitaux privées en Grande Bretagne.

Après plusieurs mois de négociations, Mallya a annoncé à consentir à augmenter ses prix pour Whyte & Mackay à 550 millions de livres. Son offre initiale était de 475 millions de livres dès lors que le propriétaire actuel de la société basée à Scotland l’avait évalué à 600 millions de livres.

Les rapports ici, disent que la décision final est « encore sujet à un procédé de diligence », mais les sources proche de Mallya, cite que l’affaire pourrait être finalisé dans une quinzaine de jours. Aucune des deux compagnies jusqu’ici, n’ont officiellement annoncé du mouvement dans cette affaire.

Les marquent de Whyte & Mackay inclus le whisky W&M Scotch, la vodka Vladivar et le whisky de premier malt Jura. Selon le Daily Telegraph, la société à 9% d’action du marché total du Scotch.

La semaine dernière, Mallya a dit à Scotland On Sunday : « Les négociations sur Whyte & Mackay continue positivement. Du progrès est en train de se faire, et le trou entre les deux précédentes positions se rétrécis. »

Une affaire valant 550 millions de livres serait une aubaine pour les actionnaires de Whyte & Mackay's, incluant le président Vivian Immerman et son beau-frère, Robert Tchenguiz. Ces deux avec d’autres investisseurs avaient acheté la compagnie en 2001 pour 208 millions de livres.

Cette affaire tant attendue avec United Breweries de Mallya a besoin d’être observé d’un contexte de longue bataille d’esprit et de pouvoir entre Mallya et l’Association de Scotch Whisky (SWA), qui a fait de vigoureuse campagne à différent niveau en Grande Bretagne, l’Union Européenne et l’Inde pour s’assurer que l’Inde réduit ces frais douanier sur des importations d’alcool en ligne avec les règlements de l'Organisation mondiale du commerce.

Il y a un intérêt considérable sur le marché indien du faite de l’augmentation de la classe moyenne et de la croissance exponentiel de demande de whisky Scotch. Les leaders industriels attendent gentiment le budget fédéral indien qui va arriver, pour annoncer la réduction de frais douaniers sur l’import.

Aussi dans le même ligne c’est l’Apollo Hospitals Group, qui est en train de visé sur plusieurs hôpitaux privés. D’après Economic Times, Apollo est en train de travaillé sur des collaborateurs potentiel pour son expansion outre Indien.

Source : Economic Times

Michelin va installer son usine à Pune

Source : Business Standard

With the 51:49 joint venture Michelin Apollo Tyres (MATL) failing to take off, the France-based Michelin, the world’s second largest tyre maker, is planning to set up its own truck and bus radial manufacturing facility in Ranjangaon, Pune. The plant will come up adjacent to Apollo’s existing facility in Ranjangaon. In 2004, Apollo and Michelin had announced a tie-up for setting up a production unit in the same region to produce truck and bus radials, primarily to cater to the domestic market. According to the JV, the plant would have had an annual capacity of 300,000-350,000 units with an investment of $75 million. Later in 2005, Apollo Tyres and the Michelin group had agreed to realign their business plans and had announced Apollo’s exit from MATL.

The group (Michelin) has already secured the land in the region for setting up the radial facility there. We will perhaps hear a formal announcement from them this year, said a top industry official who did not wish to be named. The group has roped in Germany’s luxury carmaker BMW for supply of passenger car tyres, which would be churned out from the latter’s assembly unit in Chennai. The decision to end the joint venture was taken based on the prevailing market conditions then and the pace of radialisation in truck and bus tyre segments. The partners had decided to refocus their respective resources towards more immediate projects. Michelin’s global competitor Bridgestone, which already has a passenger vehicle plant in the country, is said to be considering the possibility of setting up a truck and bus radial manufacturing facility, as its existing facility would not be able to produce such tyres.

BNP Paribas s'intéresse à SpiceJet

Source : Yahoo & Reuters


Indian carrier SpiceJet Ltd. said it has issued about 13.1 million shares, or a 5.43 percent stake in the company, to BNP Paribas Arbitrage.

L'espagnol Gestamp et TACO de TATA sont arrivés sur un accord

Source : Economic Times

Tata Group firm Automotive Stampings & Assemblies Ltd on Saturday said Spain-based Gestamp Servicios SL will acquire 37.5 per cent stake in it in a deal that could be valued at nearly Rs 36.31 crore.

Under the agreement, Gestamp would acquire up to 37.5 per cent of the paid-up equity share capital of the company from from one of the promoters, Tata AutoComp Systems Ltd (TACO), and partly through an open offer to the shareholders at a price of Rs 94.96 per share, the company informed the Bombay Stock Exchange.

The number of equity shares that Gestamp would acquire from TACO would depend on the number of equity shares tendered by the public shareholders, in response to the open offer, it said. Post acquisition, Gestamp along with TACO and Tata Industries Ltd would become the promoters of the company, it said.

The board at its meeting held on Friday discussed the acquisition and took note of Gestamp's public announcement issued by Yes Bank Ltd on behalf of the Spanish company for acquiring up to 19,02,261 equity shares of the company. After completion of the sale of shares as above, the company would become a joint venture of TACO and Gestamp.

Gestamp and TACO, inter se, would eventually have 50:50 equity stake in the company. Gestamp would provide necessary technology to Automotive Stampings in terms of an agreement to be finalised for this purpose.

Les Indiens professionnels pourront dans le futur se déplacer plus librement en Europe

Source : Economic Times

Freer movement of Indian professionals in 25 European Union member countries is likely to be a reality in the near future, as this will be a key point of negotiations in the proposed Free Trade Agreement with EU.

"We appreciate that the issue of free movement of professionals is critical for India and will also feature in negotiations for FTA," Director General for Trade (European Commission) Davis O'Sullivan told the media.

"Even in WTO negotiations, Europe has been more forthcoming on the issue. However, there are some sensitives in Europe on Mode 4 which we will have to manage," he said.

In return, India should also relax restrictions on foreign ownership in services of interest to Europe like retail, financial sector and telecom, he said.

In WTO and other bilateral trade agreements, India has been demanding that professionals, especially in IT, medicine and engineering should be given liberal visas to work on short-term projects.

Sullivan said the negotiations for India-EU FTA would start in April after the Council of Ministers of Europe grants the mandate to the European Commission.

The FTA would aim to cut duties to zero on 90 per cent goods traded between India and Europe.

Although Europe subsidises its farmers heavily, Sullivan allayed fears that India could become a dumping ground for agriculture products. "We understand India's concerns regarding its subsistence farmers but we do not foresee much problem because Europe is not an exporter of bulk agriculture products," he added.