Lafargeholcim
Adani Cement leaves industry body that represents large cement companies
The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country
Adani Cement leaves industry body that represents large cement companies
The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country
 "Adani Cement leaves industry body that represents large cement companies")
Ambuja Cements and ACC stocks close much above the offer prices
The shares of Ambuja Cement closed at Rs 453 a share -- far above the open offer price of Rs 385 a share -- making the offer unattractive for its shareholders.
 "Ambuja Cements and ACC stocks close much above the offer prices")
Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26
The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim's two Indian listed entities Ambuja Cements and ACC, from public shareholders. In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion. Markets regulator Sebi granted approval for the open offer this week. The open offer is estimated at over Rs 31,000 crore if fully subscribed. In two separate regulatory filings, Ambuja Cements and ACC have submitted their letter of offers for the open offer launched by the Adani family group's Mauritius-based firm Endeavour Trade and Investment. As per the revised schedule submitted by ICICI Securities and Deutsche Equities India - which are the managers of open offer - tendering of the shares in the open will start from August 26 as against the earlier date of July 6. This will end on September 9, 2022. In Ma
 "Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26")
How Holcim units, other cement firms fixed prices: Antitrust probe
Cement production is a lucrative business in India's booming economy, with high demand especially from rural housing and infrastructure firms
 "How Holcim units, other cement firms fixed prices: Antitrust probe")
Adani's $10.5-bn Holcim acquisition doubles India Inc's deal value in May'
On the merger and acquisition side, there were 40 transactions in May 2022, aggregating to USD 11.9 billion and more than a fourth of those came from the startup sector
 "Adani's $10.5-bn Holcim acquisition doubles India Inc's deal value in May'")
No tax on $6.38 bn transaction with Adani Group, says Holcim CEO
As per the deal, Adani Group will acquire Holcim's full stake in Ambuja Cement and ACC for CHF (Swiss franc) 6.4 billion (USD 6.38 billion)
 "No tax on $6.38 bn transaction with Adani Group, says Holcim CEO")
Holcim examining 10 acquisition targets of large and small companies: CEO
We are growing at quite a fast pace and the plan is, the proceeds from the divestment, we will continue to accelerate our strategy 2025 and acquire new companies: Jan Jenisch
JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements
JSW Group Chairman offers $7 billion for cement firm
 "JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements")
JSW Group to make $7 bn bid for Holcim's India cement business: Report
The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability
 "JSW Group to make $7 bn bid for Holcim's India cement business: Report")
Ambuja Cement's strategic plan on track to expand capacity at 50 MTPA
Ambuja Cements Ltd has said it is looking at significant debottlenecking opportunities across all plants with growth plans in mid-term to reach 50 million tonnes per annum capacity
India antitrust body raids cement giants UltraTech, LafargeHolcim: Report
India's antitrust body conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources said
 "India antitrust body raids cement giants UltraTech, LafargeHolcim: Report")
LafargeHolcim first-quarter profit falls 14% as Covid-19 hits construction
The world's biggest cement maker says its sales fell 11.2% to 5.29 billion Swiss francs ($5.42 billion), from 5.96 billion francs a year earlier
 "LafargeHolcim first-quarter profit falls 14% as Covid-19 hits construction")
New appointment of MDs at ACC, Ambuja Cements to streamline business
At ACC, Sridhar Balakrishnan, former chief commercial officer (CCO), has been elevated as the CEO and MD while Akhoury continues as a director on ACC's board.
 "New appointment of MDs at ACC, Ambuja Cements to streamline business")
LafargeHolcim initiates merger of Ambuja, ACC
Combined capacity will increase to 63 mtpa
 "LafargeHolcim initiates merger of Ambuja, ACC")
LafargeHolcim CEO Eric Olsen resigns after Syria deals
Under Olsen's leadership, Lafarge merged with Swiss company Holcim in 2015 to create LafargeHolcim
 "LafargeHolcim CEO Eric Olsen resigns after Syria deals")
LafargeHolcim increases stake in ACC & Ambuja
Stake in ACC goes up to 54.53% from 50.34%
 "LafargeHolcim increases stake in ACC & Ambuja")
LafargeHolcim says agrees to sell Lafarge India to Nirma Ltd for $1.4 billion
Adds that move is part of the company's $3.56 billion divestment programme
 "LafargeHolcim says agrees to sell Lafarge India to Nirma Ltd for $1.4 billion")
