Showing posts with label COOPER TIRE & RUBBER UNDER APOLLO FOLD. Show all posts
Showing posts with label COOPER TIRE & RUBBER UNDER APOLLO FOLD. Show all posts

Thursday, June 13, 2013

COOPER TIRE & RUBBER UNDER APOLLO FOLD

Apollo Tyres has  acquired the U S based Cooper Tire &rubber company for Rs 14,500 Cr in all cash deal.

This is  one of the biggest overseas acquisitions by an Indian firm.Rubber Co in an all-cash deal valued at about Rs 14,500 crore (USD 2.5 billion).

Post the transaction, Apollo Tyres will become the 7th largest Tyre maker in the world by revenue at USD 6.6 billion from its current 16th position and will give it greater access to US, the second largest automobile market in the world after China.