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HOLCIM EXIT
Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...- Holcim to sell stake in Lafarge AfricaSwiss cement maker Holcim will sell its 84% stake in Lafarge Africa to China's Huaxin Cement for $1 billion, aligning with its strategy to ...
- JSW in initial talks to cement deal with Germany’s Heidelberg Materials for its India businessHeidelberg has more than 13 million tonnes per annum (MTPA) cement making capacity in India, of which 6.3 MTPA is with the listed entity He...
- What makes some MNCs exit IndiaThe dynamics in India’s various sectors are changing, with homegrown players having a dominant presence and MNCs’ having a reduced play. Fo...
- Rupee slides to new low 77.80/$, RBI steps in to erase lossesThe expectation of dollar outflows due to Holcim Group’s sale of its India cement business is also said to have added to the rupee’s rout.
- View: Global giants like Holcim deserting emerging markets to hit green goals isn't going to help the worldIt would seem an odd time, therefore, for a major cement company to abandon the giant country. Yet that’s apparently what Holcim AG of Swit...
- Ultratech makes a formal bid for Holcim's India assetsThe JSW Group, which is already present in the sector and the Adani Group which does not have a presence, are also reportedly in the race f...
- In the era of conscientious capitalism; put green in the cement-mixerTo counter its polluting credentials, Jenisch is not shying away from divesting Holcim's sprawling India operations - along with similar sa...
- JSW taps Carlyle to back bid for Holcim's Indian cement operationsJSW, one of the strong contenders in the fray, is busy organising both equity and debt financing for the multi-billion transaction which, a...
- Holcim's exit may narrow imbalance in cement market, aid pricing powerAmbuja Cement has a grinding capacity of 31.4 million tonnes per annum (mtpa) and plans to expand to 39.9 mtpa by December 2024. ACC has a ...
- What a Holcim exit would mean for ACC, Ambuja investors & cement sectorHolcim in 2021 announced ‘Strategy 2025’ where it articulated its target to expand Solutions & Products to 30 per cent of group net sales f...
- What will Holcim exit mean for the cement pack? Rakesh Arora answers“Holcim was very slow in expanding its capacities and they were losing market share in the last 10 years. But if a new player comes in, he ...
- Ambuja, ACC on block as Holcim has India rethinkHolcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels. Both are...
- Lafarge to sell India assets to Nirma for $1.4 billionThe deal, the proceeds of which will be used to pay down LafargeHolcim's debt, is subject to approval by the Competition Commission of Indi...
- Lafarge India to buy back 14% stake from Barings AsiaThis comes about nine months after Lafarge and its Swiss peer Holcim announced their intention to merge their global assets, including thos...
- Ambuja to be flagship entity for Holcim's India operations with ACC as a subsidiaryHolcim to hike stake in Ambuja to 61.3% while Indian firm will buy out Swiss co's 50.1% in ACC.
- Holcim rejigs Indian operations, Ambuja cements and ACC to mergeWorld's fourth-largest cement producer, plans to carry out a substantial restructuring of Indian ops include a much-anticipated merger betw...
- HeidelbergCement on the prowl again with a Rs 800-cr kittyWorld’s third-largest cement maker, HeidelbergCement, has earmarked Rs 800 cr for acquisition of mid-size companies in India.
- Holcim buys 11% more in ACIL at Rs 589 crSwiss cement giant Holcim has decided to take complete control of Ambuja Cements India (ACIL), the local company through which it controls ...
- ING Vysya Life executive V-P quits for FMCG jobGautam Sharma, the executive vice-president(marketing) of the city-based ING Vysya Life Insurance, has quit the company.
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