Lafargeholcim

Ambuja Cements and ACC stocks close much above the offer prices

The shares of Ambuja Cement closed at Rs 453 a share -- far above the open offer price of Rs 385 a share -- making the offer unattractive for its shareholders.

Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26

The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim's two Indian listed entities Ambuja Cements and ACC, from public shareholders. In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion. Markets regulator Sebi granted approval for the open offer this week. The open offer is estimated at over Rs 31,000 crore if fully subscribed. In two separate regulatory filings, Ambuja Cements and ACC have submitted their letter of offers for the open offer launched by the Adani family group's Mauritius-based firm Endeavour Trade and Investment. As per the revised schedule submitted by ICICI Securities and Deutsche Equities India - which are the managers of open offer - tendering of the shares in the open will start from August 26 as against the earlier date of July 6. This will end on September 9, 2022. In Ma

How Holcim units, other cement firms fixed prices: Antitrust probe

Cement production is a lucrative business in India's booming economy, with high demand especially from rural housing and infrastructure firms

Adani's $10.5-bn Holcim acquisition doubles India Inc's deal value in May'

On the merger and acquisition side, there were 40 transactions in May 2022, aggregating to USD 11.9 billion and more than a fourth of those came from the startup sector

No tax on $6.38 bn transaction with Adani Group, says Holcim CEO

As per the deal, Adani Group will acquire Holcim's full stake in Ambuja Cement and ACC for CHF (Swiss franc) 6.4 billion (USD 6.38 billion)

Holcim examining 10 acquisition targets of large and small companies: CEO

We are growing at quite a fast pace and the plan is, the proceeds from the divestment, we will continue to accelerate our strategy 2025 and acquire new companies: Jan Jenisch

JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements

JSW Group Chairman offers $7 billion for cement firm

JSW Group to make $7 bn bid for Holcim's India cement business: Report

The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability

Ambuja Cement's strategic plan on track to expand capacity at 50 MTPA

Ambuja Cements Ltd has said it is looking at significant debottlenecking opportunities across all plants with growth plans in mid-term to reach 50 million tonnes per annum capacity

India antitrust body raids cement giants UltraTech, LafargeHolcim: Report

India's antitrust body conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources said

LafargeHolcim first-quarter profit falls 14% as Covid-19 hits construction

The world's biggest cement maker says its sales fell 11.2% to 5.29 billion Swiss francs ($5.42 billion), from 5.96 billion francs a year earlier

New appointment of MDs at ACC, Ambuja Cements to streamline business

At ACC, Sridhar Balakrishnan, former chief commercial officer (CCO), has been elevated as the CEO and MD while Akhoury continues as a director on ACC's board.

LafargeHolcim initiates merger of Ambuja, ACC

Combined capacity will increase to 63 mtpa

LafargeHolcim CEO Eric Olsen resigns after Syria deals

Under Olsen's leadership, Lafarge merged with Swiss company Holcim in 2015 to create LafargeHolcim

LafargeHolcim increases stake in ACC & Ambuja

Stake in ACC goes up to 54.53% from 50.34%

LafargeHolcim says agrees to sell Lafarge India to Nirma Ltd for $1.4 billion

Adds that move is part of the company's $3.56 billion divestment programme