The Competition Commission of India approves an acquisition pursuant to a shareholders Agreement (Zuari / Mangalore Fertilisers)

Introduction The Competition Commission of India (“CCI”) has approved the acquisition of Zuari Fertilisers and Chemicals Limited (“ZFCL”); and (b) Zuari Agro Chemicals Limited (“ZACL”), together referred to as the “Acquirers”, in Mangalore Chemicals and Fertilisers Limited (“MCFL”), pursuant to a Shareholders Agreement entered between the Acquirers and the United Breweries Group (“UB Group”) (comprising of United Breweries (Holdings) Limited, Kingfisher Finvest India Limited and McDowell Holdings Limited) (“Transaction”), after initiating separate proceedings for belated filing and imposing a penalty of INR 3 crores (approximately USD 0.47 million) [1] on the Acquirers. The Transaction ZFCL is a wholly-owned subsidiary of ZACL, currently setting up a Single Super Phosphate (“SSP”) plant at Mahad

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteurs

  • Shardul Amarchand Mangaldas (Mumbai)
  • Economic Laws Practice (Mumbai)

Citation

Gauri Chhabra, Suhail Nathani, The Competition Commission of India approves an acquisition pursuant to a shareholders Agreement (Zuari / Mangalore Fertilisers), 10 février 2015, e-Competitions February 2015, Art. N° 72365

Visites 141

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues