{"id":38483,"date":"2022-04-27T13:55:09","date_gmt":"2022-04-27T08:25:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=38483"},"modified":"2022-04-27T13:55:13","modified_gmt":"2022-04-27T08:25:13","slug":"holcim-group-to-sell-ambuja-and-acc-has-the-adani-group-bought-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/holcim-group-to-sell-ambuja-and-acc-has-the-adani-group-bought-it\/","title":{"rendered":"Holcim group to sell Ambuja and ACC; has the Adani Group bought it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2928525828\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Swiss cement maker Holcim Group is on a journey towards its green focus. The giant has recently acquired building solutions and products, however, it is divesting its stake in Asian countries and others such as Russia and Brazil.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1803227753\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The board of the cement maker is about to meet next week to decide on the sale of its Indian cement businesses\u2014Ambuja Cements Ltd and ACC Ltd.<\/p><p>According to sources, Adani Group, JSW Group and UltraTech Cement are in contention to buy these companies. Nothing has been finalized yet, however, the bids for these assets are expected to be upwards of $10 billion. They have already started tying up funding for their offers.<\/p><figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td>Ambuja Cements<\/td><td>ACC Limited<\/td><\/tr><tr><td>Net Sales&nbsp;<\/td><td>28965.5 Cr<\/td><td>16151.7 Cr<\/td><\/tr><tr><td>EBITDA<\/td><td>6462.6 Cr<\/td><td>3161.7 Cr<\/td><\/tr><tr><td>Net Profit<\/td><td>2780.38 Cr<\/td><td>1862.99 Cr<\/td><\/tr><tr><td>Manufacturing Capacity<\/td><td>31.45 mtpa<\/td><td>36 mtpa<\/td><\/tr><\/tbody><\/table><\/figure><p>Holcim owns a 61.3% stake in Ambuja Cements, which in turn holds a 50.5% stake in ACC. The combined market capitalization of both the companies together stood at over \u20b91.19 trillion as of Tuesday.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3119061652\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>When any of the potential buyers, Adani Group, JSW Group or UltraTech Cement buy the Holcim Group\u2019s stake, they\u2019ll become the second-largest player with a combined capacity of 66 million tonnes per annum (mpta) going up to 80 mtpa with the completion of expansion projects.<\/p><p>The Adani Group is already taking financing from ICICI Bank, Axis Bank, Barclays and Deutsche Bank. According to sources, they are already in the final stages of negotiations but there is still no guarantee that the deal will go through as it is subject to approvals. We\u2019ll have to wait and watch as to who gets to buy the cement behemoth\u2019s stake in India.<\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-542651437\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Swiss cement maker Holcim Group is on a journey towards its green focus. The giant has recently acquired building solutions and products, however, it is divesting its stake in Asian countries and others such as Russia and Brazil. The board of the cement maker is about to meet next week to decide on the sale [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,1513,31],"tags":[3424,3425,2226,422,2778,2859,2779],"class_list":["post-38483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-editor-pick","category-news","tag-acc-sale","tag-acquisition","tag-adani-group","tag-adani-group-latest-news","tag-ambuja-cement","tag-ambuja-cements","tag-ambuja-cemet-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Holcim group to sell Ambuja and ACC; has the Adani Group bought it?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/holcim-group-to-sell-ambuja-and-acc-has-the-adani-group-bought-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Holcim group to sell Ambuja and ACC; has the Adani Group bought it?\" \/>\n<meta property=\"og:description\" content=\"Swiss cement maker Holcim Group is on a journey towards its green focus. 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