Adani to Acquire Holcim’s Stake in Ambuja Cements, ACC Limited

The Adani Family,through an offshore special purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Switzerland. Holcim Ltd’s entire stake in two of India’s leading cement companies – Ambuja Cements Ltd and ACC Ltd.

Ambuja Cements and ACC currently have a combined installed production capacity of ~70 MTPA.

This will enable higher margins and return on capital employed for the two companies. The Companies will also benefit from Adani’s focus on ESG, Circular Economy and Capital Management Philosophy. SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities) and SDG 13 (Climate Action).

The acquisition is subject to regulatory approvals and conditions.