Adani Group, ultratech cement and India
Adani Group in talks to buy Heidelberg's Indian cement operations, paper says
The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times newspaper said on Monday, citing people familiar with the matter.
Heidelberg Cement shares surge on reports of Adani Group eyeing ₹10,000 crore buyout
The HeidelbergCement India stock was trading 5.05% higher at ₹229.81. The stock is up 22% in the last one year, with its current market capitalisation at about ₹5,200 crore.
Heidelberg exploring sale of India business; taps Adani, UltraTech and JSW Cement
Heidelberg currently owns a 69.39 percent stake in the company, which is listed on the Indian stock exchanges. Heidelberg’s stake is worth around Rs 3,437 crore at the current market price. A controlling stake sale will trigger a mandatory open offer under SEBI’s takeover norms, for acquiring a 26 percent stake from public shareholders.
Adani in talks to acquire Heidelberg's Indian cement unit for $1.2 billion
The potential deal is the latest in Adani Group's massive expansion push in the cement sector. The company entered the industry in 2022 by acquiring Holcim's stake in Ambuja Cement
Adani Group in talks to acquire Heidelberg Materials' Indian cement operations
India: Adani Group is negotiating the purchase of Heidelberg Materials' cement business in India, potentially valued at US$1.2bn, according to Reuters. Heidelberg Materials has been present in India since 2006,
Adani Group in talks to buy Heidelberg's Indian cement operations, ET reports
The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times reported on Monday, citing people familiar with the matter.
Gautam Adani to acquire Heidelberg's Indian cement unit for $1.2 billion?
In a $1.2 billion deal, Adani Group plans to acquire Heidelberg Materials' Indian cement operations, after recent acquisitions.
Heidelberg Cement Shares Shoot Up 17% As Adani Group Reportedly Eyes Acquisition
Shares of Heidelberg Cement rose 17% on Monday's trading session. What Happened: The Adani Group is said to be negotiating the purchase of Heidelberg’s cement unit in India, as per a report by The Economic Times.
Major deals in India's cement sector since Adani Group's entry in 2022
Dealmaking in India's cement sector is in the spotlight again, after a report said Adani Group is in talks to buy the local operations of Germany's Heidelberg Materials in a deal that could be worth about $1.
Cement Is a Big Polluter. A Plant in Norway Hopes to Clean It Up.
Heidelberg Materials is betting it can profit from an expensive process that will reduce the carbon dioxide emitted from one ...
HeidelbergCement share price jumps 18% on report Adani Group firm Ambuja Cements eyeing ₹10,000-crore buyout
Adani Group company Ambuja Cements will lead the proposed buyout of Heidelberg’s India unit and the acquisition could be ...
HeidelbergCement shares surge 18% on reports of Rs 10,000-crore buyout interest from Adani's Ambuja Cements
Mumbai/IBNS: HeidelbergCement India's share price surged 18 percent on Monday (Oct. 7) following reports that the Adani Group ...
Adani Group In Talks To Buy Heidelberg's Indian Cement Operations: Report
The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be ...