Good times for ICICI's Indian M&A team

March was a good month for ICICIÆs M&A team in India. The domestic firm closed two major deals, one involving UK chemical company, ICI.

On Friday, ICICI announced that the chemical company ICI would pay Rs155 crores $25 million for 51% in Hindustan Levers flavours and fragrances business. This followed ICIs acquisition of Unilevers flavours and fragrances business in 1997. This deal completes the picture globally, since India was the only country not part of the 1997 acquisition.

ICICI advised ICI and first built a relationship with the London-based company when it advised ICI on the formation of a...

To continue reading, please login or register for free

Click for more on: icicis | indian | ma | team

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...