Metal majors to ramp up M&A hunt this year

摘要

The year 2011 is expected to be an action-packed year for M&As in the metals space with Tata Steel, the AV Birla Group, NMDC and Vedanta, among others, reported to be on a hunt for raw material integration. Moreover, with Posco, JFE and Kobe form-ing joint ventures in India, cross continental acquisitions and JVs are making a come-back as companies attempt to optimise globalproduction and distribution footprint.