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News Synergy Metals to acquire JSW Cement stake

Synergy Metals to acquire JSW Cement stake

Written by Global Cement staff 13 July 2021
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India: Dubai-based Synergy Metals has made an offer and sought the permission of the Competition Commission of India to acquire a minority stake in JSW Group subsidiary JSW Cement. The New Indian Express has reported that JSW Group is seeking to reduce its stake ahead of an initial public offer (IPO) for the producer. The company is valued at over US$2.0bn and is seeking to sell US$200m-worth of stakes.

Last modified on 14 July 2021
Published in Global Cement News
Tagged under
  • India
  • Synergy Metals
  • JSW Cement
  • JSW
  • Shares
  • corporate
  • Competition Commission of India
  • Competition
  • approval
  • IPO
  • UAE
  • GCW514
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