Vedanta Resources Plans GBP9 Billion Merger -Report
First Published Sunday, 26th February 2012 12:18 pm - © 2012 Dow Jones
LONDON -(Dow Jones)- Indian commodities giant Vedanta Resources PLC (VED.LN) will lead the merger of Sterlite Industries (India) Ltd. (500900.BY) and Sesa Goa to form the world's seventh-largest diversified mining company, reports the U.K.'s Telegraph on Sunday.
The merger was first planned in 2008, but dropped as a result of the global financial crisis, says the report, which didn't cite sources.
The newly-formed Indian mining champion "Sesa Sterlite" will have a diverse range of resources such as iron ore, oil, gas, zinc and aluminum.
Vedanta Resources wasn't available for immediate comment.
Newspaper website: www.telegraph.co.uk