Article: INDIA: LETTER OF INTENT FOR PROPOSED $400,000,000 FERTILIZER COMPLEX, KRUPP UHDE [GERMANY] - Order #: 025499.

PROJECT OVERVIEW:

The local OSWAL ASIA FERTILIZERS is currently said to be gearing- up to build a new fertilizer complex in India. The company in question is a joint venture that teams-up the SOROS GROUP of the U.S., the OSWAL GROUP of India and Germany-based KRUPP UHDE. According to the terms of the collaborative agreement, OSWAL will hold a 50% interest in the venture, SOROS will have a 40% stake and KRUPP UHDE will pick up the balance of the equity.

As things currently stand, the German company recently signed a letter of intent regarding the implementation of the construction project. Likewise, KRUPP would also be responsible for providing its ...

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