Leading investment bankers such as UBS, JPMorgan and Goldman Sachs have sounded out the Godrej Group and Videocon on a possible bid for General Electric’s appliances division.
The Indian durable makers are closely studying the feasibility of acquiring the US giant’s appliance business, which makes refrigerators, air-conditioners and ovens. The Godrej Group had an earlier joint venture with GE that broke up in 2001. Investment bankers have estimated the deal size at $3-4 billion. Sources said the division, with sales of $7.2 billion, had an EBITDA of around $450 million. It accounted for 4% of GE’s revenues of $173 billion.
Subscribe to:
Post Comments (Atom)
1 comment:
Your blog is great. Talking about GE Appliances, huh? There is not much I could personally say about the company. But if you need a bite of bitter experience, then go to www.pissedconsumer.com, where you will find lots of bad feedbacks about the company. Talking about consumer electronics in general, I shoul say it is too hard to find something reliable and worthy, since today cheap fakes are numerous.
Post a Comment