Temasek and KKR eyeing stake in Alliance Tire

ERJ staff report (BC)

Mumbai – Private equity firms including Singapore state investor Temasek Holdings and KKR & Co are separately in advanced talks to buy Warburg Pincus LLC’s majority stake in Indian tyre maker Alliance Tire Group for about $400 million, report Sumeet Chatterjee and P M Indulal of Daily News & Analysis. They cite three sources with direct knowledge of the matter.

Other interested bidders include US private equity firms Advent International and TPG Capital, said the sources, all of whom declined to be…

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