Adani Group to acquire Holcims entire stakes in Ambuja Cements and ACC

16 May 2022 , 09:11 AM

Holcim has signed a binding agreement for the Adani Group to acquire its business in India, comprising its 63.11% stake in Ambuja Cement, 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 Cement and Rs 2,300 for ACC translate into cash proceeds of CHF 6.4 billion for HolcimPowered by Capital Market – Live News