Bharat Forge is learnt to have acquired 89% stake in French forgings company Groupe Sifcor. The buyout will help Bharat Forge in entering into the French automotive sector and access to big Sifcor clients like PSA Citroen and Renault. The deal size is not disclosed. Groupe Sifcor had posted a reavenue of Euro 172 million in FY07.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment