Adani, Heidelberg and Ambuja Cement
Adani Group in talks to buy Heidelberg's Indian cement operations, paper says
The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times newspaper said on Monday, citing people familiar with the matter.
Adani Group Eyes $1.2 Billion Acquisition of Heidelberg's Indian Cement Operations
The potential acquisition of Heidelberg's Indian assets fits into Adani's broader strategy to expand its cement footprint. Following its purchase of Ambuja Cement from Holcim, which was valued at $6.5 billion, Adani became the second-largest cement producer in the country.
Gautam Adani to acquire Heidelberg's Indian cement unit for $1.2 billion?
In a $1.2 billion deal, Adani Group plans to acquire Heidelberg Materials' Indian cement operations, after recent acquisitions.
Major deals in India's cement sector since Adani Group's entry in 2022
Dealmaking in India's cement sector is in the spotlight again, after a report said Adani Group is in talks to buy the local operations of Germany's Heidelberg Materials in a deal that could be worth about $1.
Heidelberg Cement Shares Shoot Up 17% As Adani Group Reportedly Eyes Acquisition
Shares of Heidelberg Cement rose 17% on Monday's trading session. What Happened: The Adani Group is said to be negotiating the purchase of Heidelberg’s cement unit in India, as per a report by The Economic Times.
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This Indian company plans to build NASA successor to ISS, it's not of Mukesh Ambani, Ratan Tata, Gautam Adani
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