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News Adani Group to enlarge ACC and Ambuja Cements stakes

Adani Group to enlarge ACC and Ambuja Cements stakes

Written by Global Cement staff 12 September 2022
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India: ACC and Ambuja Cements shareholders tendered some of their shares under a US$3.8bn open offer by Adani Group for a further 26% stake in each company. The offer closed on 9 September 2022, and the group secured ownership of a further 2.2% stake in ACC and a further 0.4% stake in Ambuja Cements.

Adani Group agreed to acquire Switzerland-based Holcim’s 50% ACC stake and 63% Ambuja Cements stake for US$10.5bn in May 2022.

Last modified on 14 September 2022
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Holcim
  • Acquisition
  • Holcim India
  • Ambuja Cements
  • ACC
  • Stake
  • Shares
  • offer
  • tender
  • GCW574

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