Private equity firms are considering making an offer for Hutchison’s Indian operations, which doesn’t mean Hutch is selling, of course.
Blackstone Group and Texas Pacific Group are mentioned as considering an offer that could exceed US$8 billion excluding assumed debt. Hutchison controls 67% of the Indian operations, and Essar group controls 33%.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post