Adani Group in talks to buy Heidelberg's Indian cement operations, ET reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
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Source: Reuters
Adani Group's Acquisition Talks: The Adani Group is negotiating to acquire Heidelberg Materials' Indian cement operations for approximately $1.2 billion, following its entry into the cement sector in 2022 and subsequent acquisitions to compete with UltraTech Cement.
Market Dynamics: Increased deal-making in India's cement industry has been driven by government spending boosting demand, while HeidelbergCement India faces challenges with declining market share and profits amid heavy competition.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
