Robobank sole advisors to Tata Group in acquisition of stake in EBI

Mumbai, Aug 24 (UNI) Rabobank International today announced the successfully closing of acquisition of a 30 per cent stake in Energy Brands Inc (EBI), USA for Tata Group as its Sole Strategic and Financial Advisor, for a value of USD 677 million.

The acquisition represents the largest ever made by an Indian corporate so far. This is the second acquisition by the Tata Group within the last six months substantiating the global beverages strategy of the Tata Group.

In a statement here, RIF Managing Director and Chief Executive Officer Mr Sanjiv Bhasin said, ''Rabobank is once again proud to be associated with the Tata Group in such an important deal. It is transactions such as these that pave way for a dynamic and evolving market. Our global expertise in the food and agribusiness space has enabled a close proximity with the Tata Group's strategic vision.'' Meanwhile, RIF Managing Director and Head Corporate and Commercial Banking Mr Rajesh Srivastava said, ''We hope to do many more such deals that reiterate our area of core competency and reinforce Rabo's capacity to add value to strategic business growth plans of food and agri players in India, including global forays.

The Tata Group sets a strong example to corporates in India by successfully closing a landmark cross-border deal in the US market.'' UNI AR KU SKB1928