General
Future Group chief expects quick approval for US$3.4bn takeover
India’s Future Group expects swift regulatory approval of its US$3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon intensifies efforts to block the deal.
Future and Amazon are at loggerheads over the Indian group’s August deal with Reliance Industries. The US giant alleges the deal breached some of its pre-existing contracts with Future.
A New Delhi court in December dismissed Future’s request to restrain Amazon’s repeated attempts to get authorities to stall the deal. But the judge left the fate of the transaction with the regulators.
“The court has already given their view that every institution can take a view” on the sale, Future Group founder and…
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