Profit

AV Birla to buy US firm for $900 million

PUBLISHED ON: January 31, 2011 | Duration: 2 min, 21 sec

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The Aditya Birla group has gone from the number four to top producer of carbon black in the world. The Aditya Birla Group has announced a definitive agreement to acquire the Atlanta-based Columbian Chemicals Company in a $875-million (around Rs 4,100 crore) deal. The group hopes to complete the deal by mid-2011.
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