ACC & Ambuja Cement- Adani Group
The Adani family has agreed to buy Swiss building materials maker Holcim Ltd’s India assets Ambuja Cements and ACC Ltd.
Ambuja Cements and ACC Ltd for $10.5 billion ( ₹80,000 crore) in one of the largest ever acquisitions by an Indian group.
ACC & Ambuja Cement- Deal Price
ACC & Ambuja Cement- Majority Share
The Adani family, through an offshore special purpose vehicle, agreed to acquire 63.19% of Ambuja Cements and 54.53% of ACC.
Ambuja Cements and ACC made by Adani Group makes the deal the largest ever acquisition by Adani Group.
ACC & Ambuja Cement- Largest Acquisition
ACC & Ambuja Cement- Gautam Adani Said
Our move into the cement business is yet another validation of our belief in our nation’s growth story," said Gautam Adani.
India also continues to be the world’s second-largest cement market and yet has less than half of the global average.
ACC & Ambuja Cement- World 2nd Largest
ACC & Ambuja Cement- Aditya Birla Group
The acquisition will propel Adani Group to become the second-largest cement maker in India after Aditya Birla Group’s UltraTech.
Adani Group may spend $3-3.5 billion to buy shares from public shareholders & offered to pay ₹385 per share for Ambuja Cements.
ACC & Ambuja Cement- Buy from Public
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