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News Competition Commission approves UltraTech acquisition of Jaiprakash assets

Competition Commission approves UltraTech acquisition of Jaiprakash assets

Written by Global Cement staff 11 August 2016
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India: The Competition Commission of India has approved the proposed acquisition by UltraTech Cement of selected cement assets from Jaiprakash Associates and its associated company Jaypee Cement. The deal concerns 21.2Mt/yr of cement production capacity at a cost of US$2.47bn. The transaction is expected to complete in early to mid 2017.

Published in Global Cement News
Tagged under
  • India
  • Competition Commission of India
  • UltraTech Cement
  • Jaiprakash Associates
  • Jaypee Group

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