Carlyle sells Japan's AvanStrate to Vedanta Resources
Vedanta Resources, a metals and mining company founded in India and now headquartered in London, has agreed to assume control of Japanese LCD glass manufacturer AvanStrate from The Carlyle Group.
It will pay $158 million, of which $151 million will be used to take out AvanStrate debt with a face value of approximately $299 million. Vedanta will also extend a $7 million loan to the company and transfer...
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