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Multinationals Target Indian Companies

March 4, 2008: 12:00 AM EST
Multinational corporations and Indian nutraceutical companies appear to be keen to talk to each other about possible acquisitions, according to mergermarket. L’Oreal said last year it was keen to acquire an Indian ayurvedic (Indian herbal solution in nutraceuticals) company, and Coca Cola has said it is “quite keen” to look at relatively small acquisition targets that have expertise in nutraceuticals. Nestle, Danone, Amway and the Korean natural gas company are also looking at possibilities in India. On the other side, Chennai-based EID Parry says it is “quite open” to discussing strategic stake options with large MNCs abroad, and Floriana, another Indian nutraceutical player, says it is keen to discuss strategic sale options for its nutraceutical business.
Vinu Lal and Kasper Viio, "Global MNCs Keen for Bolt-On Indian Nutraceutical Acquisitions, Sources Say", Financial Times, March 04, 2008, © The Financial Times Ltd 2008.
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