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1. Blackstone, KKR Join Race for India's Emami Cement.

Author

Kalesh, Baiju and Sanjai, P R

Subjects
CEMENT
Abstract

(Bloomberg) -- Blackstone Group Inc. and a rival consortium led by KKR & Co. are considering bids for the cement unit of Indian cosmetics to paper conglomerate Emami Group, according to people with knowledge of the matter. TPG Capital is also weighing a bid for Emami Cement Ltd. and could look for a local partner, said one of the people, who asked not to be identified as the discussions are private. Representatives for Blackstone and TPG declined to comment, while representatives for Emami Group and KKR said they do not comment on market speculation. [Extracted from the article]

Published
2019

2. Blackstone, KKR Join Race for India's Emami Cement.

Author

Kalesh, Baiju and Sanjai, P R

Subjects
CEMENT
Abstract

(Bloomberg) -- Blackstone Group Inc. and a rival consortium led by KKR & Co. are considering bids for the cement unit of Indian cosmetics to paper conglomerate Emami Group, according to people with knowledge of the matter. TPG Capital is also weighing a bid for Emami Cement Ltd. and could look for a local partner, said one of the people, who asked not to be identified as the discussions are private. Representatives for Blackstone and TPG declined to comment, while representatives for Emami Group and KKR said they do not comment on market speculation. [Extracted from the article]

Published
2019