Monday, December 5, 2022

Holcim sells India business

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The sale includes the 63.11 percent stake in Ambuja Cement, which in turn owns a good 50 percent of ACC, and Holcim’s direct stake in ACC of 4.48 percent. Adani is offering 385 Indian rupees per share in Ambuja Cement and 2300 Indian rupees per share in ACC. This results in a total of 6.4 billion Swiss francs.

Adani Group is an India-based company with a portfolio ranging from infrastructure to energy. Jan Jenisch, CEO of Holcim, sees Adani as the “perfect new owner” for Holcim’s Indian business, as he is quoted in the press release

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