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News Emami Cement auction commences mid-January 2020

Emami Cement auction commences mid-January 2020

Written by Global Cement staff 03 January 2020
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India: Emami Group has indicated that it will receive bids for its cement division Emami Cement from mid-January 2020. Business Standard newspaper has reported that Aditya Birla’s UltraTech Cement is likely to submit an offer in the region of US$0.94bn for the company – over 20% lower than Emami Group’s previously projected evaluation of US$1.18bn for Emami Cement. It also reported the possible involvement of Switzerland-based LafargeHolcim’s Ambuja Cements in the upcoming auction.

Last modified on 08 January 2020
Published in Global Cement News
Tagged under
  • India
  • Emami Cement
  • Sale
  • Aditya Birla
  • UltraTech Cement
  • Switzerland
  • LafargeHolcim
  • Ambuja
  • GCW437

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