Adani Group acquires Holcim's stake in Ambuja Cements and ACC for $10.5B

The Adani Family has entered into definitive agreements to acquire Holcim's entire stake in Ambuja Cements (63.19%) and ACC (54.53%) for approximately $10.5 billion, making Adani the second largest cement player in India.

“The Adani Family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd’s entire stake in two of India’s leading cement companies – Ambuja Cements Ltd and ACC Ltd.”vorafin.com

• 5 sources
• vorafin.comM&A: Adani buys Holcim's stake in Ambuja Cements and ACC Ltd. - Vora Corporate FinanceVora Corporate FinanceSep 12, 2022
• adani.comAdani Becomes India’s Second Largest Cement PlayerSep 16, 2022
• livemint.comAdani Group completes acquisition of Ambuja Cements, ACC | Company Business NewsLivemintSep 16, 2022
• thehindu.comAdani names son Karan to run cement firms; injects ₹20,000 crore in Ambuja Cement - The HinduPTISep 16, 2022
• mnacritique.mergersindia.comAdani enters the cement sector through the acquisition of Ambuja Cement Limited and ACC Limited

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