India: Adani Group is negotiating the purchase of Heidelberg Materials' cement business in India, potentially valued at US$1.2bn, according to Reuters. Heidelberg Materials has been present in India since 2006, and owns four plants with a total capacity of 12.6Mt/yr. The acquisition discussions come amidst increased consolidation in the Indian cement sector, driven by heightened demand due to government investment in housing and infrastructure.
Adani Group in talks to acquire Heidelberg Materials' Indian cement operations
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