# 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.

- Type: Acquisition
- Announced: 2022-05-16
- Where: India
- Value: $6.66B (6.40B CHF)
- Status: announced
- Capacity: 66 Mt/yr
- Products: cement, building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [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

- [business-standard.com](https://www.business-standard.com/article/news-cm/adani-group-to-acquire-holcim-s-stakes-in-ambuja-cement-acc-122051600248_1.html), 2022-05-16: "With the Adani Group, we have found a perfect owner to unleash our Indian business' next era of growth."
- [globalcement.com](https://globalcement.com/news/14790-adani-group-and-other-mega-deals-in-the-cement-industry), 2022-05-18: "Holcim agreed to sell its Indian assets to Adani Group this week for US$6.37bn."

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