Water will deliver its services across a number of industries, such as food and beverage, building and institutions, chemicals, mining, and manufacturing.
share sale, whose size was pruned to 12.88 crore shares, or five per cent plus an option to retain an equal number in case of oversubscription, managed to get bids for 15.69 crore, or six per cent of government shareholding.
It will also provide the technical analytical capabilities long awaited by our customers," says Ala Al Shaikh, company manager, Nalco
The BJD has been trying to create public opinion against the government's decision to sell 12.5 percent stake of Nalco
, bringing down its share to 75 percent.
On 30 November 2011, the shareholders from both Nalco
and Ecolab overwhelmingly approved the merger agreement.
Under the terms of the definitive deal, Ecolab will pay 0.7005 own common stock or USD38.80 cash for each Nalco
stock, a 34% premium to Nalco
's closing price on 19 July, the buyer said in a press release.
"Pune Center will become one of Nalco
's major innovation hubs for water and energy technologies.
's agreement with the Government of Indonesia to set up an aluminium smelter, Nalco
signed a Memorandum of Understanding with RMMI on December 19.
The group tendered an offer for Ondeo Nalco
in September for $4.2 billion.
said the lab was designed and constructed based on customer feedback from markets that encounter production of sour gas.
Ballesteros, an executive at Grupo Mexicano de Desarollo construction company, and his relatives were accused of improperly earning $3.5 million on Nalco
chairman Ted Mooney says the sale will allow the firm's general industry group to concentrate on colloidal silica products and metalworking fluids.