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industrial conglomerate

October 4, 2011

India’s family-controlled Essar Group is considering listing its infrastructure and ports division in London, with the aim of raising additional capital for further expansion.

India’s family-controlled Essar Group is considering listing its infrastructure and ports division in London, with the aim of raising additional capital for further expansion.

The Mumbai-based company, whose operations span steel manufacturing to shipping, is eyeing an initial public offering by early 2012, according to a report in Bloomberg.

September 14, 2011

Israel’s Ofer family has expressed relief after US authorities removed family business Ofer Holdings Group from a list of targeted companies.

Israel’s Ofer family has expressed relief after US authorities removed family business Ofer Holdings Group from a list of targeted companies.

A statement issued by the US state department on 14 September said it will withdraw sanctions against the family-owned industrial conglomerate, which had been accused of alleged trading with Iran.

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