Adani Group to acquire Holcim's stakes in Ambuja Cement and ACC

Holcim signed a binding agreement for Adani Group to acquire its 63.11% stake in Ambuja Cement and its direct stake in ACC for CHF 6.4 billion. The transaction is expected to close in H2 2022.

“With the Adani Group, we have found a perfect owner to unleash our Indian business' next era of growth.”business-standard.com

• 2 sources
• business-standard.comAdani Group to acquire Holcim's stakes in Ambuja Cement, ACCCapital MarketMay 16, 2022
• globalcement.comAdani Group and other mega-deals in the cement industry - Analysis of Cement Sector News from Global CementDavid Perilli, Global CementMay 18, 2022

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