Adani, Heidelberg Materials
Adani Group in talks to buy Heidelberg's Indian cement operations, paper says
The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times newspaper said on Monday, citing people familiar with the matter.
Gautam Adani to acquire Heidelberg's Indian cement unit for $1.2 billion?
In a $1.2 billion deal, Adani Group plans to acquire Heidelberg Materials' Indian cement operations, after recent acquisitions.
Masterstroke by Gautam Adani as Adani Group plans to acquire this German company’s India operations in…
The proposed buyout is expected to accelerate the market consolidation wave in the cement industry as the competitors of the Ambuja Cement including Ultra Tech has also tried to maintain its position through continuous acquisitions.
Heidelberg Cement shares surge on reports of Adani Group eyeing ₹10,000 crore buyout
The HeidelbergCement India stock was trading 5.05% higher at ₹229.81. The stock is up 22% in the last one year, with its current market capitalisation at about ₹5,200 crore.
HeidelbergCement India Stock Surges on Adani Buyout Talks
HeidelbergCement India shares surged 18% after reports of Adani Group's potential acquisition of its Indian operations. The deal could be worth USD 1.2 billion.
Adani Group Eyes $1.2 Billion Acquisition of Heidelberg's Indian Cement Operations
The potential acquisition of Heidelberg's Indian assets fits into Adani's broader strategy to expand its cement footprint. Following its purchase of Ambuja Cement from Holcim, which was valued at $6.5 billion, Adani became the second-largest cement producer in the country.
HeidelbergCement share price jumps 18% on report Adani Group firm Ambuja Cements eyeing ₹10,000-crore buyout
Adani Group company Ambuja Cements will lead the proposed buyout of Heidelberg’s India unit and the acquisition could be worth around $1.2 billion or ₹10,000 crore, a report said.
Adani Group in talks to buy Heidelberg's Indian cement operations, ET reports
The Adani Group is in talks to buy the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth about $1.2 billion, the Economic Times reported on Monday, citing people familiar with the matter.
Adani in talks to acquire Heidelberg's Indian cement unit for $1.2 billion
The potential deal is the latest in Adani Group's massive expansion push in the cement sector. The company entered the industry in 2022 by acquiring Holcim's stake in Ambuja Cement
Heidelberg Cement Shares Shoot Up 17% As Adani Group Reportedly Eyes Acquisition
Shares of Heidelberg Cement rose 17% on Monday's trading session. What Happened: The Adani Group is said to be negotiating the purchase of Heidelberg’s cement unit in India, as per a report by The Economic Times.
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