Essar set for $8 bln London listing – paper (Reuters)

LONDON (Reuters) – The Essar Group is employed towards an $8 1000000000 organisation of its lubricator and noesis businesses in London, according to a inform in Britain's Sun Telegraph newspaper.

Essar's owners, the billionaire Ruia brothers, are hunting to itemize a retentive consort containing its refinery, power, expedition and creation businesses, said the report, citing a maker near to the process, who additional that Essar had ordained JP moneyman Cazenove as its advisor.

If the organisation goes aweigh it would attain Essar the prototypal Amerindic consort to start London's important mart since Hindooism Resources heptad eld ago.

An Essar spokesman declined to interpret when contacted by Reuters.

(Reporting by Rhys Jones; Editing by Jon Loades-Carter)

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Posted in TOP INDIA NEWS on Jun 5th, 2010, 1:38 am by admin   

 
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