TIMELINE - Major overseas acquisitions by India's Tata Group

Wed Mar 26, 2008 10:55am GMT
 
Email | Print | | Single Page
[-] Text [+]

(Reuters) - Ford Motor Co (F.N) is expected to confirm the sale of its British luxury brands Jaguar and Land Rover to India's top vehicle maker Tata Motors (TAMO.BO) (TTM.N) for over $2 billion (1 billion pounds) later on Wednesday.

Following are some major overseas acquisitions by Tata Group companies in recent years:

- Feb 2000 - Tata Tea Ltd (TTTE.BO) acquires UK's Tetley for $432 million, becoming the world's No. 2 packaged tea company

- Feb 2004 - Tata Motors signs a deal to buy the commercial vehicle unit of South Korea's Daewoo Group for $102 million

- Aug 2004 - Tata Steel Ltd (TISC.BO) buys Singapore's lone steel miller, NatSteel Ltd, for $286 million

- June 2005 - Tata Coffee (TACO.BO) buys U.S.-based Eight O'Clock Coffee Co for $220 million from Gryphon Investors

- July 2005 - Telecom firm Videsh Sanchar Nigam Ltd VSNL.BO buys U.S.-based Teleglobe International Holdings Ltd for $239 million and completes the $130 million purchase of Tyco International's global undersea fibre optic cable network unit

- Aug 2006 - Tata Tea buys 30 percent of U.S. enhanced water firm Energy Brands Inc for $677 million. It sells the stake less than a year later to Coca-Cola (KO.N) for $1.2 billion

- Jan 2007 - Tata Steel acquires Anglo-Dutch steelmaker Corus Group for $13 billion, India's biggest overseas takeover yet  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos