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According to data compiled by leading global financial information provider Dealogic, "The Tata group of companies has paid a total of $133 mn in advisory fees to banks advising on acquisitions since 2006." |
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The amount assumes significance as the group has acquired as many as 56 businesses with a total volume of $20.6 bn in the last two years, accounting for 82% of their total merger and acquisition volume. Since the year 2002, the Tata group has made as many as 106 acquisitions valued at $24.2 bn. |
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Tata's M&A activities are mostly outbound as only 13 per cent of Tata Group' acquisitions have been domestic. The average acquisition size by the Tata Group is $284 mn. |
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The recent acquisition of Jaguar Cars and Land Rover for $2.3 bn is the second largest acquisition by the group, following Tata Steel's acquisition of Anglo-Dutch steel maker Corus for $12.1 bn, essaying the largest overseas takeover by an Indian company. |
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Dealogic further added that the United Kingdom is the most targeted nation with an M&A volume of $16 bn through seven deals, and this accounts for 82% of the total M&A acquisitions. |
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Some of the significant acquisition by the Tata group in the UK, include the Corus Group, the Tetley group and the latest British marquees Jaguar and Land Rover. |
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While the acquisition of General Chemical Industrial Products by Tata Chemicals and the takeover of Glaceau by Tata Tea are the two major deals announced in the US. |
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Some of the most significant deals announced by the Tata Group since 2006 include - the acquisition of 30% stake in Indonesia's PT Kaltim Prima Coal and PT Arutmin by Tata Power in July 2007, the acquisition of Transtel Telecoms of South Africa by VSNL in April 2007, Tata Tea's acquisition of Poland's Vitax and Flosana in April 2007. |
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Besides, in April 2007, Indian Hotels acquired Campton Place Hotel in the United States for $58 mn, in March 2007, Tata Power picked stake in Indonesia's PT Bumi Resources for $1.3 bn, Tata Steel acquired Anglo-Dutch steel maker Corus for $12.1 bn, essaying the largest overseas takeover by an Indian company in January 2007. |
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Further, in August 2006, Tata Tea acquired 30% in US' Glaceau (Energy Brands) for $677 mn. Later it sold it to Coca-Cola for $1.2 bn and in June 2006, Tata Tea acquired US-based Eight O
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