Reliance Industries Looking At Overseas Acquisitions Following Ril-bp Deal-纪元1701

Business In an effort to utilize the funds generated from the $ 10 million deal with London based energy major BP Plc, Mukesh Ambani run Reliance Industries Limited (RIL) is looking to buy out overseas assets in the petrochemical business and utilize the cheap valuations available in the US and UK markets t leverage its overseas plans. Presently, RIL is eyeing Netherlands based petrochemical .pany LyondellBasell as a prospect acquisition asset, sensing good value in the .pany at current prices.RIL had made a $14 billion offer to LyondellBassell shareholders previously, but the offer was turned down. With strong cash assets in hand, RIL is once again planning to put forth a buyout plan to the European .pany, and make head way in entering the overseas market. For fulfilling its overseas plans, Reliance is forming a merger and acquisition (M&A) team for the first time to be headed by former MD of Rothschild, NavinWadhwani. Reliance Industries has been growing steadily in terms of size and scale, and keeping up with the pace, the .pany is looking to acquire more businesses and grow inorganically. It is looking to expand into more diverse areas and effectively utilize its capital assets to their full potential. Addressing his shareholders at the 2010-11 AGM, Mukesh Ambani, chairman of RIL, had quoted, We are gearing up for the next phase of growth through a .bination of our own initiatives and forging new partnerships with leading .panies of the world. MukeshAmbanis efforts have consistently been targeted towards establishing things that will render good value to his .pany and those who will use the end product. He is currently eyeing more focused growth plans for the .pany, taking in the loop his retail and broadband subsidiaries and leveraging on them to drive the next stage of growth for Reliance Industries. In the .ing 3-5 years, Reliance Industries has set a target to be.e a Rs. 7 lakh crore net worth .pany with Reliance Infotel& Reliance Retail expected to bring in the next wave of growth for the .pany. About the Author: 相关的主题文章: