Bharat Forge-GE Pacific transaction, 4 other deals get CCI nod

The Competition Commission today said it has approved the GE Pacific buying 49 per cent stake in Alstom Bharat Forge Power and four other deals.
The acquisition of certain retail businesses of Heritage Foods Ltd by Kishore Biyani group firm Future Retail Ltd has also received the green signal from the regulator.
Other transactions cleared by the Competition Commission of India (CCI) are those between Baroda AMC-Amundi S A, International Tractors Ltd-Yanmar Investment Partnership (Singapore) Pte Ltd, and Time Warner-AT&T.
CCI, which keeps a tab on unfair business practices across sectors, mentioned about the approvals for the deals through separate tweets.

In November last, the board of Bharat Forge had approved divesting its entire stake in the joint venture for a consideration of USD 35 million (Rs 233 crore). The investment value is Rs 173 crore.
The joint venture, which has its manufacturing facility in Gujarat, was formed in 2009.

GE Pacific would buy 49 per cent stake in the joint venture from Bharat Forge.
In another tweet, the regulator said it has approved "acquisition of certain retail businesses of Heritage Foods Ltd by Future Retail Ltd".
Approval has also been given to the acquisition of around 18 per cent stake in International Tractors Ltd by Yanmar Investment Partnership (Singapore) Pte Ltd as well as for the proposed combination of Time Warner Inc and AT&T Inc.

Separately, the watchdog tweeted that it has cleared "acquisition of 51 per cent stake in Baroda AMC and Baroda Trustee by Amundi S A".
Deals beyond a certain threshold require approval from CCI.