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