Adani Group receives Competition Commission of India approval for Holcim India acquisition

Written by Global Cement staff 15 August 2022

India: The Competition Commission of India (CCI) has approved Adani Group’s US$10.5bn deal to acquire Holcim’s Indian business. Holcim holds a 63% stake in Ambuja Cements, which holds a 50% stake in ACC. Holcim also holds a direct 4.5% stake in ACC.

Adani Group launched a new company, Endeavour, to assume ownership of the new share capital from Holcim’s holding company Holderind Investments.

Last modified on 17 August 2022

Published in Global Cement News

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