Banks jostle to finance Tata Chemical’s acquisition of US rival
EuroWeek hears that around seven banks are racing to sign the mandate letter to provide the financing backing India’s Tata Chemicals’ $1bn acquisition of General Chemical Industrial Product. This would be the second cross-border acquisition that the Tata Group has made just this year. Find out which lenders are close to the finishing line and they feel about such high exposure to the Indian conglomerate.
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