India, Heidelberg and Adani Group
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.
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
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.
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.
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 ...
Optics16h
Heidelberg Instruments Reports Several Installations of its ULTRA Semiconductor Mask Writer as Global Semiconductor Demand Surges
Heidelberg Instruments, a world-leading provider of advanced laser lithography systems, is pleased to announce a continued ...
RBC Capital Remains a Buy on Heidelberg Materials (0MG2)
In a report released today, Anthony Codling from RBC Capital maintained a Buy rating on Heidelberg Materials (0MG2 – Research Report), ...
wdam12d
1 dead after tractor accident in Heidelberg
The accident happened near Magnolia Avenue in Heidelberg. No details have been released on what exactly happened, but law ...
World Cement5h
Heidelberg Materials and Carbon Re AI integration to improve kiln performance
Heidelberg Materials integrates Carbon Re's AI on top of ABB Ability™ Expert Optimizer to improve kiln performance ...
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 ...
Politico Europe20h
Asteroid mission aims to save humans from the fate of the dinosaurs
The NASA spacecraft hit the roughly 160 meters in diameter Dimorphos, which orbits a larger asteroid — the 780 meter Didymos.
The Magazine22h
BASF to deliver biomass-balanced ammonia to Evonik
BASF SE (Ludwigshafen, Germany) and Evonik Industries AG (Essen, Germany) have agreed on the first delivery of BASF’s ammonia BMBcertB grade. Thereby, ...