Tata To Buy Luxury Brands From Ford

March 2008 | M&A News Alert

A deal which has been in the pipeline for months between India's Tata Motors and Ford was announced on March 26. Tata Motors will purchase the Jaguar and Land Rover brands from Ford for US$2.3bn, and when the deal closes Ford will pay around US$600mn into the brands' pension fund. Ford will also continue to supply Tata Motors with engines, metal stampings, engineering support and some parts.

If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Corporate Financing Week please click on the trial link below.