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Holcim closes Ambuja Cement sale to Adani, gets $ 6.4 bn in cash

Divestment will help Swiss company become global leader in sustainable building solutions, says CEO

Ambuja Cements
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Dev Chatterjee Mumbai
Switzerland’s Holcim has closed the sale of Ambuja Cement and ACC (Ambuja’s subsidiary) to the Adani Group, resulting in cash proceeds of $6.4 billion.

"This transaction strengthens Holcim’s balance sheet and enables the company to continue its acquisition strategy, building on recent investments of over CHF 5 billion in solutions & products," said the company in a statement, referring to the Swiss franc.

Also Read: Ambuja Cements, Eicher Motors join Rs 1-trillion m-cap club

“I would like to thank our 10,700 Indian colleagues who have played an essential role in the development of our business over the

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