ACC and Ambuja Cements call off merger plans

ACC and Ambuja Cements (ACL) dropped plans to merge due to constraints in transferring mining assets across 18-20 states. The merger, proposed in May 2017, would have created a combined capacity of 63 million tons.

“The company is therefore not proceeding with the merger at the juncture, though this remains the ultimate objective.”moneycontrol.com

• 1 source
• moneycontrol.comACC and Ambuja Cements call off merger, for now- Moneycontrol.comPrince Mathews ThomasFeb 26, 2018

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