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Adani Group To Acquire Holcim's India Business For CHF 6.4 Bln

Adani Group announced Sunday that it has entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in India's Ambuja Cements Ltd and ACC Ltd for about $10.5 billion. The transaction is expected to close in the second half of 2022.

Holcim, through its subsidiaries, holds 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 INR 385 for Ambuja Cement and INR 2,300 for ACC translate into cash proceeds of CHF 6.4 billion for Holcim.

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