Nirma to buy Lafarge India for $1.4 bn
The Dollar Business Bureau | The world's biggest maker of cement, LafargeHolcim Ltd, said on Monday that it will sell its share in the Lafarge India to detergent and soap maker, Nirma Ltd, for an enterprise value of around $1.4 billion (Rs.9300 crores), in line with its divestment programme. Lafarge India has three plants of cement and two grinding stations, which have a capacity to produce around 11 million tonnes per year. The company also sells aggregates and is one of India’s largest manufacturers of ready-mix concrete. “LafargeHolcim Ltd announces that it has signed a letter of agreement with Nirma Ltd to divest its stake in Lafarge India for an enterprise value of about $1.4 billion,” Lafarge said in ...
Lafarges India asset sees strong competition for its upcoming sale
A group of large multinationals and domestic players are competing with each other to land the Lafarges cement assets in India The Dollar Business Bureau Development sources revealed that the auction for the 10.75 million Lafarge assets could happen in a month A group of overseas cement companies, domestic players and private equity funds are competing with each other to bag Indias Lafarge cement assets sale. Many of the companies have submitted their expression of interest in their imminent sale. The probable applicants list includes - a notable industrial conglomerate in Latin America called Votorantim, the German multinational building materials company Heidelberg Cement, an Irish building materials company CRH plc, an American private equity fund group KKR, Indian conglomerates JSW and the Piramal ...
