# Adani Group acquires Holcim's India cement business for USD 10.5 billion

Adani Group acquired Holcim's entire stake in Ambuja Cements and ACC through an offshore special purpose vehicle for USD 10.5 billion. The deal includes 23 cement plants and 14 grinding stations.

- Type: Acquisition
- Announced: 2022-07-14
- Where: India, India
- Value: $10.5B
- Status: announced
- Capacity: 70 million tonnes per annum
- 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)
- [ACC](https://endata.com/companies/20080.md) (target)

## Sources

- [law.asia](https://law.asia/adani-takes-over-holcim/), 2022-07-14: "Adani Group has acquired Switzerland-based Holcim’s entire stake in India’s two leading cement companies, Ambuja Cements and ACC, through an offshore special purpose vehicle amounting to USD10.5 billion."
- [business-standard.com](https://www.business-standard.com/article/companies/adani-raises-5-25-bn-from-global-banks-to-acquire-ambuja-cements-acc-122073100635_1.html), 2022-07-31: "The Adani family is acquiring Ambuja and ACC with a capacity of 70 mtpa at a total cost of $10.5 billion, including the open offers to be made to the minority shareholders of companies."
- [cemnet.com](https://www.cemnet.com/News/story/173267/cci-approves-adani-acquisition-of-ambuja-and-acc-stakes.html), 2022-08-16: "The Competition Commission of India (CCI) has approved the acquisition of Holcim's stake in Ambuja Cements Ltd and its subsidiary ACC Ltd by the Adani Group."

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