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News Adani Group in talks to acquire Heidelberg Materials' Indian cement operations

Adani Group in talks to acquire Heidelberg Materials' Indian cement operations

Written by Global Cement staff 07 October 2024
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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.

Last modified on 09 October 2024
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Heidelberg Materials
  • HeidelbergCement India
  • Acquisition
  • GCW680
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