the Epitome weekly- Newsletter

Issue: 0828| Tuesday, July 08, 2008

NALCO Likely To Acquire 51% Stake In Talco

July 04, 2008

National Aluminium Company Ltd., or Nalco, an Indian public sector enterprise and the second largest aluminium producer, is likely to acquire 51% stake in Tajik Aluminium Company or Talco, a primary aluminium producer owned by the Tajikistan Government, for an undisclosed sum, according to media reports.

Sources said in a statement that NALCO has approached the Government with the proposal and awaits its approval. Once the deal materializes, it will see the combine emerging as one of the world's top-three aluminium producers with an output of 8,00,000 MT. Talco located in Tursunzoda, a city in western Tajikistan, runs the largest aluminium manufacturing plant in central Asia and is one of Tajikistan's largest enterprises.

In 2006, Talco produced 416,000 MT of aluminium. Talco wanted to buy aluminium without going for the global tendering process being adopted by Nalco. However, Nalco believes that instead of supplying alumina, it would like to acquire 51% stake in the equity and management control of Talco.

Email this

Words of Wisdom		Know Us
Someone once told me: 'Luck is when opportunity meets preparation'. And that's what I really feel with my music. I've worked really, really hard on it. It was like, 'this is really what I want to do… what do I have to do to make it work?'		To know more about Epitome Global Services visit us at:
Erica Baxter		http://www.epitomeglobalservices.com/

NEWS FOR ASSET MANAGERS
	U.S. MFs stay away from stocks
	HF bosses back self governance
	HFs alleviate risk with multiple Prime Brokers
	AIMA to release FoHF standards
MARKET NEWS
	Tougher rules for CFDs by FSA
	Maple Bonds dive as investors avoid market
	Pension funds hedge to mitigate risk
	G8 focus on climate change, rising prices
PE AND M&A ACTION IN INDIA
	Dubai’s Alcazar invests USD 9.4 Mn in Bumi Geo Engineering
	ChrysCapital buys a 7% stake In Amtek Auto
	Piramal Healthcare acquires PlasmaSelect brand
	NALCO likely to acquire 51% stake in Talco

Disclaimer:
Information provided in this newsletter is from sources believed by Epitome Global Services to be accurate and reliable. This newsletter is intended to reach only the addressee of this email. If you are not the intended recipient, you are not authorized to read, print, retain, copy, disseminate, distribute, or use this message or any part thereof. If you receive this message in error, please notify us immediately and delete all copies of this message. Epitome Global Services makes no representations and disclaims all express, implied, and statutory warranties of any kind to any user and/or any third party including warranties as to accuracy, timeliness, completeness, merchantability, or fitness of information for any particular purpose. In no event shall Epitome Global Services be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever arising from the contents of this website / newsletter, or the use thereof or for any actions taken in reliance thereon. Users are responsible for seeking the advice of professionals, as appropriate, regarding the information, opinions, advice or content available at this website or in the newsletter.