# 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.

- Type: Acquisition
- Announced: 2022-09-12
- Where: India
- Value: $10.5B
- 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)
- [ACC](https://endata.com/companies/20080.md) (target)

## Sources

- [vorafin.com](https://vorafin.com/merger-and-acquisitions/ma-adani-buys-holcims-stake-in-ambuja-cements-and-acc-ltd/), 2022-09-12: "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."
- [adani.com](https://www.adani.com/newsroom/media-releases/adani-becomes-indias-second-largest-cement-player), 2022-09-16: "What makes cement an exciting business is the headroom for growth in India, which exceeds that of every other country well beyond 2050."
- [livemint.com](https://www.livemint.com/companies/news/adani-group-completes-acquisition-of-ambuja-cement-acc-11663329343722.html), 2022-09-16: "The Group has now become the second largest cement player in the country."
- [thehindu.com](https://www.thehindu.com/business/Industry/adani-completes-acquisition-of-ambuja-cements-and-acc/article65899080.ece), 2022-09-16: "Adani group announced the completion of the acquisition of Ambuja Cements and ACC for a total consideration of $6.5 billion"
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/adani-group-ambuja-acc-cement-acquisition/), 2022-10-18: "The value for the Holcim stake and open offer consideration is estimated around US$ 10.5 billion, making it the largest ever acquisition by Adani, and India's largest-ever M&A 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.