Brookfield and KKR in race for Jaypee´s cement business

Canada-based Brookfield has emerged as a surprise bidder for the cement assets of Jaiprakash Associates, the flagship company of Jaypee Group, along with KKR and Co already in the league to clinch the largest M&A deal in the Indian cement sector. Other contenders on the list are UltraTech and Dalmia Bharat. Brookfield is said to have teamed-up with the private equity group run by Kotak Mahindra for the proposed acquisition. Contact: Jaypee Group. Tel: 0120-460 9000. Fax: 0120-460 9464. Website: www.jalindia.com