Stake building
Premium Content
18 March 2008
Holcim has announced it is to acquire a majority stake in India's Ambuja cement. It plans to take its holding from 32.3% to more than 56% through private and public offers. It will spend US$ 1.34 billion on the purchases. Ambuja Cement is one of the India's largest suppliers, and it is currently building new facilities. By the end of the year it will have the capacity to produce 21 million tonnes of cement per year.
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