Skip to main content

Holcim closes India divestment

Published by
World Cement,

Holcim has closed the sale of its business in India to the Adani Group, comprising its full stakes in Ambuja Cement at a share price of INR385 and in ACC at a share price of INR2300, resulting in cash proceeds of US$6.4 billion for Holcim. This transaction strengthens Holcim’s balance sheet and enables the company to continue its acquisition strategy, building on recent investments of over CHF5 billion in Solutions & Products.

  • Adani Group has acquired Holcim’s full stakes in Ambuja Cement and ACC.
  • Holcim received cash proceeds of USD 6.4 billion.

Jan Jenisch, Holcim CEO: “I would like to thank our 10 700 Indian colleagues who have played an essential role in the development of our business over the years with their relentless dedication and expertise. I am convinced that the Adani Group is the right home for them as well as for our customers to continue to thrive in the future.

“This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions, strengthening our balance sheet and giving us the firepower to continue our acquisition strategy.”

This transaction comprises Holcim’s entire 63.11% stake in Ambuja Cement, which owns a 50.05% interest in ACC, as well as its 4.48% direct stake in ACC.

Read the article online at:

You might also like

Time is money

When comparing imported conveyor belts with those manufactured by major European brands the price discrepancy is large, yet conveyor specialist Leslie David explains why this may be justified when considering the ‘whole life’ cost.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

India cement news LafargeHolcim news