Sunday, June 26, 2022
BusinessAdani acquires ACC & Ambuja Cement for $10.5 billion

Adani acquires ACC & Ambuja Cement for $10.5 billion

Gautam Adani's group acquires Holcim India for USD 10.5 billion Adani Group has acquired ACC-Ambuja Cement, one of India's leading cement manufacturers, from Holcim.

Gautam Adani is one of the richest men in India. The Adani Group, headed by him, has business in many segments of the world. The company has now formed a new cement company called Dhani Cement.

Meanwhile, Adani Cement has acquired India’s leading cement makers ACC Cement and Ambuja Cement from Swiss Holcim.

While the country’s leading companies like Jindal and Ultratech were already vying for the company, Gautam Adani’s Adani Cement has acquired the two cement companies for huge sums.

Swiss-based Holcim has decided to sell off ACC Cement and Ambuja Cement.

Taking advantage of this rare opportunity, the Adani Group has acquired leading companies such as Jindal and Ultratech for about $ 10.5 billion. Both companies are producing 66 million tonnes of cement per annum.

Read Also | Gautam Adani has been ranked in the top 5 richest people in the world

The $ 10.5 billion deal between Adani Cement and Holcim is the largest deal ever in the Indian infrastructure and materials segment.

Adani Cement has become the 2nd largest cement manufacturer in India by acquiring ACC Cement and Ambuja Cement.

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