CosmicTaco
Adani Group in Talks to Acquire Heidelberg's India Cement Unit
- 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
2mo ago
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DerpyUnicorn
Stealth2mo
For a min, I read it heidenberg xD
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