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News Adani Group raises US$5.25bn for Holcim India acquisition

Adani Group raises US$5.25bn for Holcim India acquisition

Written by Global Cement staff 02 August 2022
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India: Adani Group has secured US$5.25bn-worth of bank loans from Barclays, BNP Paribas and Citigroup for its acquisition of Holcim’s Indian cement businesses ACC and Ambuja Cements. The Business Standard newspaper has reported that the group plans to expand its cement capacity by 43% to 100Mt/yr from 70Mt/yr.

Last modified on 03 August 2022
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Adani Cement
  • Holcim
  • Holcim India
  • ACC
  • Ambuja
  • Barclays
  • BNP Paribas Securities
  • Citigroup
  • Capacity
  • growth
  • Expansion
  • Investment
  • GCW568
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