Tata Chem. to raise $ 850 m to fund US acquisition

April 2008
Chemical Business;Apr2008, Vol. 22 Issue 4, p90
Trade Publication
The article reports on the statement issued by TATA Chemicals managing director Homi Khusrokhan that the company will raise $850 million to part-fund its $1-billion acquisition of U.S.-based soda ash manufacturer General Chemicals Industries Products. According to the company, it is starting an expansion programme in its operations in Africa with plans to venture into the bio-fuel segment and explore plantation opportunities in the continent. Khusrokhan cites that Africa is a very good option for them to invest in the plantation sector.


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