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News LafargeHolcim increases stake in Ambuja Cement and ACC

LafargeHolcim increases stake in Ambuja Cement and ACC

Written by Global Cement staff 16 November 2016
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India: LafargeHolcim has increased its shareholding in Ambuja Cement and ACC via its subsidiary Holderind Investments. It now owns 63% of Ambuja Cement’s shares and 4.5% of ACC’s shares. The group will pay for the additional stakes in Indian Rupees. The impact on LafargeHolcim’s net debt will be Euro302m. It described India as one of LafargeHolcim’s key markets with solid long-term fundamentals and a clear potential for further improvement in business performance.

Published in Global Cement News
Tagged under
  • India
  • LafargeHolcim
  • Ambuja
  • ACC
  • Stake
  • Shares
  • GCW277

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