Swiss multinational cement giant LafargeHolcim has got fair trade regulator CCI’s go-ahead for a new divestment plant for its India business including three cement plants and two grinding stations. The proposed...
CRH enters race to buy Lafarge India
Dublin-based CRH, the world’s third largest building materials company, has jumped into the fray to bid for Lafarge India’s cement business with annual capacity of 11 million tonnes (mt). Last year the Irish...
REVERSAL OF TREND – BIRLA CORP TO BUY TWO UNITS OF LAFARGE
Birla Corp acquired Jojobera and Conadih cement plant from Lafarge for an enterprise value of INR 5000 crores which have a connection to the global merger of Lafarge from France and Holcim from Swiss had announced in...
Lafarge Holcim Merger Complete
After long deliberations, cement-makers France-based Lafarge and Switzerland-based Holcim decided on new financial terms and leadership to pull through the merger plan as it was almost on the verge of collapse. First...
Nirma Group acquires eye drop maker Stericon Pharma
The Nirma Group has acquired Bengaluru-based Stericon Pharma Pvt Ltd, a maker of eye drops and contact lens solutions. The financial details were not disclosed, but a statement on the private equity (PE) firm...
Gautam Adani’s biggest M&A: Acquires Ambuja Cement, ACC from Holcim for $10.5 bn
Billionaire businessman Gautam Adani has won Holcim’s listed cement assets in India, ACC and Ambuja for a little over $10 billion, the company announced on Sunday. Post regulatory approval for the deal, it stands to...
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...
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...
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...
Alstom to offer sale of French rail factory to win Bombardier unit buy – sources
France’s Alstom SA will propose concessions to European regulators on Thursday, including the sale of a French rail factory, in an effort to win early antitrust approval for its planned purchase of Bombardier...
CCI approves acquisition of Emami Cement by Nirma promoter Nuvoco Vista
Competition Commission of India (CCI) on Thursday said it has approved the proposed acquisition of Emami Cement by Nuvoco Vistas Corporation, which is a Nirma promoter group company. In February, Nuvoco Vistas —...
Alstom confident Bombardier rail deal on track despite crisis
Alstom is sticking to the terms of its previously agreed deal to buy the rail division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), despite a hit to its earnings from the coronavirus crisis...