Holcim closes Ambuja Cement sale to Adani, gets $ 6.4 bn in cash

Divestment will help Swiss company become global leader in sustainable building solutions, says CEO

Switzerland’s Holcim has closed the sale of Ambuja Cement and ACC (Ambuja’s subsidiary) to the Adani Group, resulting in cash proceeds of $6.4 billion.

"This transaction strengthens Holcim’s balance sheet and enables the company to continue its acquisition strategy, building on recent investments of over CHF 5 billion in solutions & products," said the company in a statement, referring to the Swiss franc.

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“I would like to thank our 10,700 Indian colleagues who have played an essential role in the development of our business over the