Lafarge is in a drive to shed non-core assets to cut its debt to below 10 billion euros from 12.2 billion euros.
Brown's resignation follows that of Citigroup's South Asia CEO, Sanjay Nayar, who has quit the financial services major to join Kohlberg, Kravis, Roberts & Co as its Country Chief.
Pet and consumer foods manufacturer Del Monte Foods Company has agreed to $5.3 billion acquisition proposal by a group of private equity firms including Kohlberg Kravis Roberts & Co (KKR). KKR along with Vestar Capital Partners and Centerview Partners have offered $19 a share in cash for the food company, Del Monte said in a press statement. The transaction, which was unanimously approved by Del Monte's board of directors, is valued at about $5.3 billion.
For India, we continue to believe that the market and clients here require flexible pools of capital that can address their financing requirements across the capital structure, says Sanjay Nayar, CEO and Country Head for India, KKR.
KKR has committed to investing around Rs 1,000 crore in Bharti Infratel, through KKR's Asia private equity fund and global private equity fund.
Cerberus Capital, the New York-based private equity fund that recently bought Chrysler from the erstwhile DaimlerChrysler for close to $7.5 billion, is entering the Indian market shortly.
However, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter.
PE giants Apollo, Bain Capital and Advent International are keen to pick stake in Viom
Tata Motors, ONGC, HDFC and TCS were the top gainers.
Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.
The two governments have already set a target of increasing bilateral trade in goods and services to $500 billion.
But their reign has been tumultuous as the company has seen compelling battles for ownership.
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