M&A

M&A

Ambuja, ACC Cements up for sale; owner Holcim may exit India

Economic Times  

The Holcim Group, the world's largest cement maker, may exit India, 17 years after it entered the country, putting its twin listed arms Ambuja Cement and ACC Ltd up for sale, as part of a global strategy to focus on core markets. Holcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels.