Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Aditya Birla Nuvo buys Columbian Chemicals for US $875mn
Aditya Birla Nuvo Ltd. (ABNL) announced on Monday that it has acquired US-based carbonblack
manufacturer Columbian Chemicals for US $875mn. The deal would be financed
completely through debt. This deal will make ABNL the largest manufacturer of carbon black
in the world, with a total capacity of about 2mn tonnes per year. Columbian Chemicals has
net revenue of US $1bn, with EBITDA margins of 14.0%, with 11 manufacturing plants
across nine countries. The deal is valued at 6.3x EBITDA and 0.9x sales. In comparison,
Philip Carbon Black, the domestic competitor of ABNL’s carbon black business, is currently
trading at 0.4x and 2.2x its FY2012E EV/Sales and EV/EBITDA. We currently have a Buy on
Philip Carbon Black with a Target Price of `263.
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Aditya Birla Nuvo buys Columbian Chemicals for US $875mn
Aditya Birla Nuvo Ltd. (ABNL) announced on Monday that it has acquired US-based carbonblack
manufacturer Columbian Chemicals for US $875mn. The deal would be financed
completely through debt. This deal will make ABNL the largest manufacturer of carbon black
in the world, with a total capacity of about 2mn tonnes per year. Columbian Chemicals has
net revenue of US $1bn, with EBITDA margins of 14.0%, with 11 manufacturing plants
across nine countries. The deal is valued at 6.3x EBITDA and 0.9x sales. In comparison,
Philip Carbon Black, the domestic competitor of ABNL’s carbon black business, is currently
trading at 0.4x and 2.2x its FY2012E EV/Sales and EV/EBITDA. We currently have a Buy on
Philip Carbon Black with a Target Price of `263.
No comments:
Post a Comment