CosmicTaco

Adani Group in Talks to Acquire Heidelberg's India Cement Unit

CosmicTaco · 2024-10-07T09:00:03.813283+05:30

- Adani Group is reportedly in talks to acquire the Indian cement operations of Germany's Heidelberg Materials. - The deal, led by Ambuja Cements, could be worth around $1.2 billion. - This move could further consolidate the cement industry in India. - Adani Group had previously entered the sector by acquiring Holcim's India operations in 2022. - The German company operates in India through HeidelbergCement India and Zuari Cement. Source: [Economic Times](https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/adani-group-lays-bricks-to-buy-heidelbergs-india-cement-unit/articleshow/113993387.cms)

Adani Group is reportedly in talks to acquire the Indian cement operations of Germany's Heidelberg Materials.
The deal, led by Ambuja Cements, could be worth around $1.2 billion.
This move could further consolidate the cement industry in India.
Adani Group had previously entered the sector by acquiring Holcim's India operations in 2022.
The German company operates in India through HeidelbergCement India and Zuari Cement.

Source: Economic Times