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Vedanta Resources (VED)

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Thursday 12 August, 2010

Vedanta Resources

Statement on Media Speculatio

RNS Number : 9843Q
Vedanta Resources PLC
12 August 2010
 



12 August 2010

 

                                                Vedanta Resources plc

                                           Statement on Media Speculation

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

Vedanta Resources Plc ("Vedanta") notes recent media speculation and confirms that discussions are taking place with Cairn Energy Plc ("Cairn") regarding an acquisition of an interest in Cairn India Ltd., a company listed in India.

 

Discussions are ongoing and there can be no certainty the contemplated acquisition will occur or of the terms of any such acquisition. A further announcement will be made when appropriate.

 

For further information, please contact:

Ashwin Bajaj

VP - Investor Relations

Vedanta Resources plc

 

investorrelations@vedanta.co.in

Tel: +44 20 7659 4732 / +91 22 6646 1531

Faeth Birch

Gordon Simpson

Finsbury

 

Tel: +44 20 7251 3801

Viswas Raghavan

Adam Brett

Joseph Seifert

JP Morgan Cazenove

Tel: +44 (0)20 7742 4000

 

About Vedanta Resources plc

Vedanta Resources plc ("Vedanta") is a London listed FTSE 100 diversified metals and mining major. The group produces aluminium, copper, zinc, lead, iron ore and commercial energy. Vedanta has operations in India, Zambia and Australia and a strong organic growth pipeline of projects. With an empowered talent pool of 30,000 employees globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information visit www.vedantaresources.com.

 

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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