[Asia] Hnd To Fund Overseas Purchases "By March 2011"

India's largest glass bottle maker, Hindusthan National Glass & Ind Ltd (HNG), announced it is in talks with an EU multinational to sell a minority stake, with plans to form a strategic partnership for global expansion. HNG is divesting part of its 16.76% treasury stock - shares that are held by the issuing corporation & are available for resale. HNG treasury stock was created in 2002 when it merged Owens Brockway India with itself. The company with which it is in talks is one of the world's top glass container makers, but senor VP/CFO Laxmi Narayan Mandhana declined to name the potential buyer of share other details of the deal.

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Asian Glass Oct/Nov 2010 10
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N 2544

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[Asia] Hnd To Fund Overseas Purchases "By March 2011"
Asian Glass Oct/Nov 2010 10
N 2544
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