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News Blackstone Group and Temasek Holdings in competition for minority stake in Wonder Cement

Blackstone Group and Temasek Holdings in competition for minority stake in Wonder Cement

Written by Global Cement staff 01 November 2018
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India: Private equity companies Blackstone Group and Temasek Holdings are holding separate negotiations to buy up to a 20% stake in Wonder Cement for around US$136m. The investment is expected to allow the cement producer to expand its production capacity to 11Mt/yr from 6.75Mt/yr at present, according to the Economic Times newspaper. Wonder Cement, part of the Rajasthan-headquartered RK Group, announced in August 2018 that it was preparing to set up a 2Mt/yr clinker grinding unit in Dhule, Maharashtra.

Last modified on 07 November 2018
Published in Global Cement News
Tagged under
  • India
  • Wonder Cement
  • Stake
  • Blackstone Group
  • Temasek Holdings
  • GCW378

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