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News Emami Group chooses Arpwood Capital and Credit Suisse to manage sale of cement business

Emami Group chooses Arpwood Capital and Credit Suisse to manage sale of cement business

Written by Global Cement staff 16 July 2019
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India: Emami Group has chosen Arpwood Capital and Credit Suisse to manage the sale of its cement business. It is seeking a sale value of around US$1bn according to sources quoted by the Business Standard newspaper. However, the company is still deciding the size of the stake it wants to sell. UltraTech Cement was reported to be in talks to buy a stake in Emami Cement in late June 2019.

Last modified on 17 July 2019
Published in Global Cement News
Tagged under
  • India
  • Emami Cement
  • Divestments
  • Arpwood Capital
  • Credit Suisse
  • UltraTech Cement
  • GCW414

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