More than Jaguar and Landrover - Major Overseas Acquisitions by India's Tata Group
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March 26, 2008; Reuters reported that Ford Motor Co is expected to confirm the sale of its British luxury brands Jaguar and Land Rover to India's top vehicle maker Tata Motors for over $2 billion later on Wednesday.
Following are some major overseas acquisitions by Tata Group companies in recent years:
- Feb 2000 - Tata Tea Ltd 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 buys Singapore's lone steel miller, NatSteel Ltd, for $286 million - June 2005 - Tata Coffee 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 for $1.2 billion - Jan 2007 - Tata Steel acquires Anglo-Dutch steelmaker Corus Group for $13 billion, India's biggest overseas takeover yet - March 2007 - Tata Power buys stakes in Indonesian PT Bumi Resources Tbk's BUMI.JK two coal mines for $1.3 billion - Jan 2008 - Tata Chemicals buys U.S. soda-ash producer General Chemical Industrial Products Inc for $1.01 billion
Compiled for Reuters by Nagesh Narayana and Rina Chandran; Editing by John Mair