Indian companies on overseas acquisition spree, touching $6B YTD.

$1.653 trillion

Record global M&A deal volume so far in 2006, a 38%  increase over same time last year, and a notch above the previous year-to-date record of $1.649 trillion in 2000. (source: Dealogic / Reuters)

 

 

The total value of overseas acquisitions by Indian companies so far in 2006 totaled over $6 billion involving over 50 deals (Business Standard and VC Circle). The figure for 2005 was $4.3 billion for 136 transactions.

Key deals include:

  • Jindal Steel and Power Ltd’s $2.3 billion investment in setting up an integrated steel unit in Bolivia.
  • ONGC Videsh Ltd’s 15 per cent buy of Petrobras’ BC-10 block in offshore Brazil valued at $1.4 billion.
  • Dr Reddy’s buyout of Germany’s Betapharm for $572 million
  • Suzlon Energy’s acquisition of Belgium’s Hansen Transmissions International NV for $565 million.
  • Ballarpur Industries Ltd acquisition of Malaysian paper and pulp facility Sabah Forest Industries for $261 million.
  • Ranbaxy Laboratories's acquisition of Terapia SA of Romania for $324 million.
 

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