Mahindra & Mahindra Limited (M&M) will begin a fresh round of negotiations with the government of Romania to acquire state-owned tractor-maker Tractorul Brasov SA after talks broke down between the two parties some days ago (See Related Post).
The bid had collapsed after the Romanian government rejected its debt guarantees. The Romania government has approached M&M again with a fresh proposal regarding the debt issue. A team of M&M officials is likely to fly down to Romania in the next few weeks. M&M has urged the Romanian government to write off Tractorul’s past liability of €180 mn.
Read the article in DNA Money.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment