News: M&M looking for acquisitions in European mkts
(PTI 07/09/2006) New Delhi - Mahindra and Mahindra on Thursday said it was looking for acquisitions in the auto components space in the European markets.
"We are always looking out for opportunities and we are trying for acquisitions in the European markets in the auto components space," M & M managing director and Vice Chairman Anand Mahindra said on the sidelines of the SIAM Annual Convention.
He, however, declined to comment on how big the size of the acquisition will be.
Mahindra and Mahindra, which had bid for the Romanian government's stake in the Brasov-based tractor manufacturer Tractorul, has not given up on the acquisition.
"The Romanian state authority is reworking on the Tractorul privatisation process and we are waiting to hear from them and are still hopeful of an acquisition," he added.
"We are always looking out for opportunities and we are trying for acquisitions in the European markets in the auto components space," M & M managing director and Vice Chairman Anand Mahindra said on the sidelines of the SIAM Annual Convention.
He, however, declined to comment on how big the size of the acquisition will be.
Mahindra and Mahindra, which had bid for the Romanian government's stake in the Brasov-based tractor manufacturer Tractorul, has not given up on the acquisition.
"The Romanian state authority is reworking on the Tractorul privatisation process and we are waiting to hear from them and are still hopeful of an acquisition," he added.
posted by InCar Group Press Room at 12:15
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