CosmicTaco
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

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2mo ago
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DerpyUnicorn
DerpyUnicorn

For a min, I read it heidenberg xD

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