# Adani Group to acquire Holcim's India cement business for CHF 6.4 billion

Adani Group signed a binding agreement to acquire Holcim's entire stake in Ambuja Cement and ACC, including open offer, for CHF 6.4 billion (USD 10.5 billion).

- Type: Acquisition
- Announced: 2022-05-15
- Where: India
- Value: $10.5B (6.40B CHF)
- Status: announced
- Capacity: 70 MTPA
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ambuja Cements](https://endata.com/companies/15069.md) (target)
- [Holcim](https://endata.com/companies/15354.md) (partner)
- [Holcim](https://endata.com/companies/15354.md) (target)
- [Adani Group](https://endata.com/companies/15392.md) (acquirer)
- [Ambuja Cement](https://endata.com/companies/20079.md) (target)
- [ACC](https://endata.com/companies/20080.md) (target)

## Sources

- [holcim.com](https://www.holcim.com/media/media-releases/holcim-india-business-acquired), 2022-05-15: "Adani Group to acquire Holcim’s full stakes in Ambuja Cement and ACC for CHF 6.4 billion"
- [businesswire.com](https://www.businesswire.com/news/home/20220515005041/en/Adani-Group-to-Acquire-Holcims-India-Business), 2022-05-15: "Adani Group to acquire Holcim’s full stakes in Ambuja Cement and ACC for CHF 6.4 billion"
- [prnewswire.com](https://www.prnewswire.com/news-releases/adani-to-acquire-holcims-stake-in-ambuja-cements-and-acc-limited-301547512.html), 2022-05-15: "Largest Ever Acquisition in India's Infra and Materials space valued at USD 10.5 billion"
- [lw.com](https://www.lw.com/en/news/2022/05/latham-advises-adani-group-on-its-acquisition-of-ambuja-cements-and-acc), 2022-05-16: "Transaction represents India's largest ever M&A transaction in the infrastructure and materials sector."
- [forbesmiddleeast.com](https://forbesmiddleeast.com/industry/business/indias-adani-to-acquire-holcims-stakes-in-ambuja-cements-acc-for-%24105b), 2022-05-16: "This is the biggest acquisition by Adani Group, which also claims the deal is India’s largest-ever mergers and acquisitions transaction in the infrastructure and materials space."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.