Tata Tea announces $677 million US acquisition
Tata Tea to acquire 30% of America's Energy Brands for $677 million in the largest cross-border acquisition by an Indian private sector company to date.
IndiaÆs Tata Tea has announced it is acquiring 30% of Energy Brands Inc, USA for $677 million from private equity firm, TSG Consumer Partners. This is the largest cross-border acquisition by an Indian private sector company to date. Tata Tea will acquire the stake alongwith its promoter, Tata Sons. Of the $677 million Tata Tea will invest $192 million, Tata Sons $58 million and the balance will be raised as debt by Tata Tea GB the investment vehicle for all...
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