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Lafarge bidding may see foreign bidders getting most aggressive

Domestic bidders including Ajay Piramal Group, Nirma and Sajjan Jindal-led JSW Cement are expected to be more conservative than foreign bidders

Abhineet Kumar  |  Mumbai 

On the final day to bid for Lafarge India’s 11 million tonne (mt) cement business, foreign bidders including Mexico’s Cemex and China’s Anhui Conch Cement Company are expected to be the most aggressive players. “Both are willing to pay a premium to enter India,” says an investment banker familiar with the development. “It is a rare opportunity for them to get such quality assets in a market that is set for steady growth in the coming decades,” he says. Both the companies are expected to submit a bid on Monday worth about Rs 8,500 to ...

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Lafarge bidding may see foreign bidders getting most aggressive

Domestic bidders including Ajay Piramal Group, Nirma and Sajjan Jindal-led JSW Cement are expected to be more conservative than foreign bidders

Domestic bidders including Ajay Piramal Group, Nirma and Sajjan Jindal-led JSW Cement are expected to be more conservative than foreign bidders On the final day to bid for Lafarge India’s 11 million tonne (mt) cement business, foreign bidders including Mexico’s Cemex and China’s Anhui Conch Cement Company are expected to be the most aggressive players. “Both are willing to pay a premium to enter India,” says an investment banker familiar with the development. “It is a rare opportunity for them to get such quality assets in a market that is set for steady growth in the coming decades,” he says. Both the companies are expected to submit a bid on Monday worth about Rs 8,500 to ... image
Business Standard
177 22

Lafarge bidding may see foreign bidders getting most aggressive

Domestic bidders including Ajay Piramal Group, Nirma and Sajjan Jindal-led JSW Cement are expected to be more conservative than foreign bidders

On the final day to bid for Lafarge India’s 11 million tonne (mt) cement business, foreign bidders including Mexico’s Cemex and China’s Anhui Conch Cement Company are expected to be the most aggressive players. “Both are willing to pay a premium to enter India,” says an investment banker familiar with the development. “It is a rare opportunity for them to get such quality assets in a market that is set for steady growth in the coming decades,” he says. Both the companies are expected to submit a bid on Monday worth about Rs 8,500 to ...

image
Business Standard
177 22