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Article: India: GMR eyes London listing for holding company.
- Article from:
- TendersInfo
- Article date:
- August 11, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
Infrastructure giant GMR group is considering listing its global holding company on the London Stock Exchange (LSE) as a step towards building a $10 billion global assets portfolio.
To this end, the group is consolidating its global assets under GMR Infrastructure International (registered in the Isle of Man) for a public issue in London, according to an executive who did not wish to be identified, in a move that largely replicates what metals behemoth Vedanta did six years ago.
The group s overseas assets include a 50 per cent stake in Netherlands-based power generator InterGen, 40 per cent in Istanbul airport, an 800 Mw power ...