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...
HeidelbergCement to sell five assets as revamp picks up pace
HeidelbergCement has identified five assets to sell in a review of its business and has had a good start to 2021, its chief executive told Reuters, as the world’s No.2 cement maker enters the next phase of its plan to...
Nuvoco emerges front-runner to buy Emami Cement business for up to Rs 6,000 cr
Nuvoco Vistas, the Nirma Group’s cement division, has emerged as the frontrunner to acquire the Emami Group’s nine million tonne per annum cement business for Rs 5,500-6,000 crore enterprise value to consolidate its...
Bidding for Emami Cement to commence mid-Jan, Ultratech ahead in race
Bidding for the acquisition of Emami Cement is likely to commence by mid-January with the Aditya Birla Group’s UltraTech Cement leading the race at an offer price of Rs 6,500-7,000 crore in an all-cash deal, sources...
UltraTech leads the race to buy Emami Group’s cement business
UltraTech Cement Ltd, India’s largest producer of the building material, has emerged as the front-runner to buy the cement business of Emami Group in an all-cash deal worth ₹6,500-7,000 crore, according to three people...
Lone Star in exclusive talks to buy BASF construction chemicals unit -sources
Lone Star has entered exclusive negotiations to buy BASF’s construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said. The private...
Ambuja looks to expand cement capacities with buys in RMCs, aggregates
LafargeHolcim-controlled Ambuja Cement is looking to acquire capacities in ready-mix concrete (RMC) and aggregates businesses to fuel growth. The company is also on the look out for adding cement capacities, if the...
BASF to launch construction chemicals unit sale in spring: sources
BASF will launch the sale of its $3 billion-plus construction chemicals business in the spring, as part of the German chemicals group’s drive to focus on more profitable operations, people close to the matter said...
Activist investor Cevian builds stake in Ireland’s CRH
Activist investor Cevian Capital has built a stake in Ireland’s CRH to become the heavy materials and building products group’s second-largest owner, Cevian managing partner Christer Gardell told Reuters. CRH, which...
CCI initiates public scrutiny of Linde-Praxair deal, invites comments
Fair trade regulator CCI has launched a public scrutiny of the mega deal between industrial gas firms Linde and Praxair, saying that it is of the prima facie view that the proposed merger is likely to have an...
ACC and Ambuja Cements place merger plans on hold
The long-due merger between the Swiss building materials maker LafargeHolcim’s Indian operations, Ambuja CementsBSE -3.79 % and ACCBSE -1.60 % Ltd, has been called off on Monday because of some “current constraints”...
CCI sees Bayer-Monsanto deal impacting competition, starts public scrutiny
The Competition Commission of India (CCI) has launched a public scrutiny of the finer details of the proposed $66 billion Bayer-Monsanto deal, as it feels that prima facie the deal has, or likely to have an major...