Adani Group has taken the lead in the race to buy Switzerland-based Holcim’s India arms—Ambuja Cements Ltd and ACC Ltd—with a war chest of $13.5 billion for the deal, two people with direct knowledge of the matter said...
Adani taps Gulf groups and IHC to join efforts for ACC, Ambuja buy
Billionaire businessman Gautam Adani is in discussions with investment groups and funds from the Middle East, including members of the family of Sheikh Tahnoon bin Zayed Al Nahyan, for financing support of up to $2...
Billionaire Gautam Adani In Talks To Buy Holcim India Units: Report
Gautam Adani’s conglomerate is in advanced talks to acquire Holcim Ltd.’s businesses in India, according to people familiar with the matter. The billionaire’s Adani Group could sign an agreement to acquire a controlling...
Holcim Group Weighs Offers For Cement Biz
The board of Swiss cement maker Holcim Group is set to meet next week to decide on the sale of its Indian cement businesses—Ambuja Cements Ltd and ACC Ltd—for which Adani Group, JSW Group and UltraTech Cement are in...
JSW taps Carlyle to back bid for Holcim’s Indian cement operations
Sajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim’s Indian cement operations, said people aware of the matter. Holcim Group, the...
Investigate Jaiprakash Associates: SAIL to NCLT
(SAIL) has called for an investigation into the affairs of Jaiprakash Associates in a suit filed at the National Company Law Tribunal (NCLT) where it has accused the Jaypee Group flagship company of irregularities at a...
Holcim Considers Sale Of India’s $9.6 Billion Ambuja Cements
Holcim Ltd., the world’s biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements Ltd., according to people familiar with the matter. The Swiss giant is gauging interest in...
HeidelbergCement buys 45% of construction software firm Command Alkon
HeidelbergCement, the world’s second-largest cement maker, said on Tuesday it has taken a 45% stake in U.S.-based Command Alkon, which provides software and technology needed to manage construction materials’ supply...
Holcim to sell Brazilian business to CSN in $1 billion deal
Holcim has agreed to sell its business in Brazil to Companhia Siderúrgica Nacional (CSN) for an enterprise value of $1.025 billion, a move the world’s largest cement maker said would help shift its focus. Holcim is...
Brazilian cement makers CSN, Apodi, Mizu, Votorantim, Intercement bid for LafargeHolcim assets -sources
Brazilian cement makers CSN Cimentos, a subsidiary of steelmaker CSN SA; Cimentos Mizu; and Cimento Apodi, in which Titan Cement International has a stake, are among the bidders for assets LafargeHolcim Ltd has put up...
JSW Cement raises Rs1,500 crore from global PE Investors
JSW Cement, part of the $13 billion JSW Group, has entered into definitive agreements to raise up to Rs1,500 crore from two global private equity investors – Apollo Global Management Inc. (through its managed...
Apollo Global, Synergy Fund may invest Rs 1,500 crore in JSW Cement
Apollo Global Management is doubling down on Sajjan Jindal led JSW Group, joining Synergy Metals Investments for a Rs 1500 crore capital raise in the conglomerate’s cement business run by his son Parth, to fund its...
