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Feb 27, 2018ACQUISITIONIndia

ACC and Ambuja Cements put proposed merger on hold

ACC Ltd and Ambuja Cements Ltd, both controlled by LafargeHolcim, announced they are putting their proposed merger on hold due to constraints related to transfer of mines under current laws.

Status

Cancelled

Productscement

CompaniesAmbuja Cements acquirer LafargeHolcim Group investor ACC target

Sectors#Construction Materials

“The current regime on transfer of mineral concessions is still evolving and does not provide for a merger currently.”hindustantimes.com

1 source
hindustantimes.comACC, Ambuja Cements put merger on hold over mines hurdle | Business NewsAmrit RajFeb 27, 2018

Summarized from public sources; check the original articles before acting on it.

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ACC and Ambuja Cements put proposed merger on hold · Endata