In credit crisis, Rosling sees big M&A scope
Tata Sons, the Indian holding company with investments ranging from automakers to hotels, said the credit crisis presents it with opportunities to make acquisitions in the US and Europe.
By Agencies |
NEW YORK: Tata Sons, the Indian holding company with investments ranging from automakers to hotels, said the credit crisis presents it with opportunities to make acquisitions in the US and Europe.
As access to capital tightens, competition for assets from competitors will dissipate and prices may fall, Alan Rosling, executive director of Mumbai-based Tata Sons, said on Tuesday in New York. Rosling said he's concentrating on the US and Europe because there are fewer opportunities in the developing world. The group already has stakes in companies that operate in the US.
As access to capital tightens, competition for assets from competitors will dissipate and prices may fall, Alan Rosling, executive director of Mumbai-based Tata Sons, said on Tuesday in New York. Rosling said he's concentrating on the US and Europe because there are fewer opportunities in the developing world. The group already has stakes in companies that operate in the US.
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