INDIA’S DABUR CONFIRMS TALKS WITH LIBERTY ON NON-LIFE VENTURE

India-based conglomerate Dabur, whose interests range from food products to automobiles, has confirmed that it is in talks with Massachusetts-based Liberty Mutual about forming a non-life joint venture ( ID Asia , October 1 2007). Dabur already owns a 10% stake in Universal Sompo General Insurance Co, while in the life sector it has a joint venture with UK-based Aviva. Dabur told Times of India that “talks are at a preliminary stage. We are at present evaluating the structure”. It was confirmed that talks were being held exclusively with Liberty Mutual.