Actis to buy $400-million road assets from India’s Welspun Group
Actis is nearing a deal to acquire a portfolio of road assets from India’s Welspun Group for about $400 million, according to people familiar with the matter.
The buyout firm is in advanced talks for the assets and is set to beat out a number of rival bidders, the people said.
A deal could give the conglomerate’s road portfolio an enterprise value of about $1.2 billion, one of the person said. An agreement could be reached in the coming weeks, the person said. Talks could still fall apart and other bidders could emerge, they said.
