Adani Group has won the race to acquire Holcim’s full stakes in Ambuja Cements and ACC for CHF 6.4 billion. Holcim has signed a binding agreement for the Adani Group to acquire its business in India, comprising its 63.11% stake in Ambuja Cements, which owns a 50.05% interest in ACC, as well as its 4.48% direct stake in ACC. The corresponding offer share prices of Rs 385 for Ambuja Cements and Rs 2,300 for ACC translate into cash proceeds of CHF 6.4 billion for Holcim.
Adani Group is a leading and highly recognized company in India, with a portfolio of world-class businesses ranging from infrastructure to energy. Since entering India in 2005, Holcim has established a track record of sustainable value creation with strategic investments ranging from new best-in-class plants to green technologies such as heat recovery systems.
Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets.
