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News Adani Group receives Competition Commission of India approval for Holcim India acquisition

Adani Group receives Competition Commission of India approval for Holcim India acquisition

Written by Global Cement staff 15 August 2022
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India: The Competition Commission of India (CCI) has approved Adani Group’s US$10.5bn deal to acquire Holcim’s Indian business. Holcim holds a 63% stake in Ambuja Cements, which holds a 50% stake in ACC. Holcim also holds a direct 4.5% stake in ACC.

Adani Group launched a new company, Endeavour, to assume ownership of the new share capital from Holcim’s holding company Holderind Investments.

Last modified on 17 August 2022
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Adani Cement
  • Holcim India
  • Holcim
  • Acquisition
  • Stake
  • shareholders
  • ACC
  • Ambuja Cements
  • Deal
  • GCW570

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