Adani Group negotiates to acquire Heidelberg Materials' Indian cement operations for $1.2B.

The Adani Group is in negotiations to acquire Heidelberg Materials' Indian cement operations for about $1.2 billion. This follows Adani's entry into the cement sector in 2022 through Holcim's acquisition. The deal aims to bolster Adani's market share against leaders like UltraTech Cement. Heidelberg, active in India since 2006, operates four plants with a capacity of 12.6 million tonnes annually. The acquisition would further consolidate India's cement industry.

October 07, 2024
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