Holcim

"The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in 2023 and 2024," Volvo said in a statement.

Adani's $10.5-Billion Holcim acquisition doubles India Inc's deal value in May: Report

According to a report released on Monday, India Inc's deal value more than doubled to USD 19.1 billion in May 2022, thanks in part to Adani Group's USD 10.5 billion acquisition of global cement giant Holcim.

$10 billion was too high a price for Holcim deal, says Kumar Mangalam Birla

"It would have been nice to have clinched the Holcim deal," added Birla, who was in the race to acquire the Swiss cement maker's India business along with rivals Adani Group and JSW Group.

Rivals Holcim, Heidelberg Cement compete for Sika’s US unit

Turkish conglomerate Haci Omer Sabanci Holding AS is also interested in the asset, which could be valued at about $800 million to $1 billion.

No tax on $6.38 billion transaction with Adani Group, says Holcim

Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC (of which 4.48 per cent is direct shareholding).

Adani-Holcim deal: Implications for ACC-Ambuja investors and the cement sector

Optimism on the deal comes from the group’s intent to create an integrated conglomerate across infrastructure verticals and also because the cement sector is poised for an uptrend

ACC-Ambuja deal: Adani buy keeps growth levers well oiled

There exists a significant scope of improvement for the combined entity and the realisation of cost synergies is likely to push margins and return ratios higher in the coming years

Adani’s Ambuja-ACC buy: 4 charts on the largest M&A in the history of India’s infra and materials space

The price tag on the second-largest cement player may weigh heavily on the combined entity

Holcim to use proceeds from India sale on lower carbon acquisitions

Holcim agreed to sell its Indian business to Adani Group for 6.4 billion Swiss francs ($6.38 billion), its largest divestment in years, as it seeks to lower its carbon profile and raise funds for takeovers.

Ultratech makes a formal bid for Holcim's India assets

The 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 for the prized assets.

JSW Group to make $7 billion bid for Ambuja, ACC

The company will offer $4.5 billion in its own equity and $2.5 billion from undisclosed private equity partners for the bid, JSW Group Chairman Sajjan Jindal told the newspaper, adding that it will acquire 63% stake in Ambuja Cements.

Holcim’s exit: Financial muscle no longer a trump card for MNCs in India

In a business where logistics accounts for nearly 15 percent of the total costs, the logic of an MNC competing with strong local players falls flat

Does it make sense for Holcim to quit the Indian market?

Any exit from Indian markets will be in keeping with Holcim’s Strategy 2025 that is a journey towards its green focus. Recent acquisitions by the Swiss-based cement giant in building solutions and products, while simultaneously divesting its stake in Asian countries and others such as Russia and Brazil reinforce this strategy 

Holcim deal won't be a negative for cement sector, affirms Jefferies India

Holcim plans to sell its stake in Ambuja and held preliminary talks with JSW Group, Adani Group and Shree Cement

Holcim stake sale | Few potential buyers in India: JP Morgan

Holcim controls 63.1% of Ambuja while 4.48% stake in ACC. Ambuja Cement owns a 50.05% stake in ACC. Hence Holcim directly controls Ambuja and indirectly controls ACC.

Holcim weighs sale of India’s $9.6 billion Ambuja Cements

The Swiss giant is gauging interest in its controlling stake in Ambuja, the people said, asking not to be identified as the information is private. Holcim controls 63.1% of Ambuja, which has a market value of about $9.6 billion.

Like Ultratech, add into portfolio on correction: Deven Choksey

Deven Chokseyof KRChoksey Investment Managers likes Ultratech Cement and advises adding the stock into portfolio on correction.

FIPB to take up 12 FDI proposals on May 20

Pharma proposals, including from Aurobindo Pharma, will come up for consideration in the meeting to be chaired by Economic Affairs Secretary Shaktikanta Das, a statement said.

Dalmia Cement withdraws appeal against Lafarge-Holcim deal

Dalmia Cement has withdrawn the appeal filed before the competition tribunal against transfer of Lafarge's assets as approved by the Competition Commission, clearing the way for the merger of Lafarge and Holcim in India.

Lafarge-Holcim merger in jeopardy: COMPAT stays deal

This is seen as a victory for Dalmia Cement which had challenged the sale process.

FIPB to take up 17 FDI proposals on December 16

Cadila Healthcare is seeking approval for fresh equity infusion of up to Rs 5,000 crore under FDI route by QIBs through Qualified Institutional Placement on a private placement basis for the expansion of the business.

Analysts bearish on Ambuja Cements on Q2, steep valuations

Macquarie rates it underperform with a 12-month target price of Rs 184 per share. The brokerage finds valuations expensive and reasons that weak realisation has dragged Q2 2015 margins.

CCI gives green signal for the Holcim-Lafarge merger deal

The USD 40 billion-deal, which a few weeks ago was on the verge of even falling apart, was also the second instance where the CCI sought public comments to assess the anti-competition nature of the transaction.

Ambuja Cements Dec quarter net profit up 4% at Rs 329 cr

For the full year 2014, Ambuja Cement reported a 15.5 percent jump in net profit at Rs 1,496 crore on higher income buoyed bu higher sales realisation compared to Rs 1,295 crore a year earlier.