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BW Businessworld

Ambitious Acquisitions

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If the Aditya birla Group continues its acquisition drive at the pace it has set in recent times, it won't be long before K.M. Birla's conglomerate becomes one of the largest commodities players in the world. So what's next after the purchase of Ontario-based paper-grade pulp maker Terrace Bay Pulp?

Jaypee  Cement, say i-bankers and analysts . With Grasim and Ultratech, the group is big in cement; soon, the three or four cement firms owned by other branches of the Birla family could be bought over or inherited by K.M. Birla.

For the Gaurs of Jaypee, the cement business is an odd piece in what is essentially an infrastructure company with interests in roads, power generation and township development. The sale of the cement business could help them fund their power projects in Madhya Pradesh.

The acquisition could cement Birla's position as the largest commodities player in India.

Strictly Business
Volkswagen AG has agreed to buy the 50.1 per cent stake in Porsche SE's automotive business that it doesn't own for €4.46 billion ($5.6 billion). This ends a seven-year takeover saga that divided two of Germany's most powerful families.

(This story was published in Businessworld Issue Dated 16-07-2012)