lafarge india deal for sale

lafarge india deal for sale

LafargeHolcim Constructs $1.4 Billion Deal for Indian Unit ...

The sale of building materials business Lafarge India to Nirma is almost double the value of an abortive agreement with Birla.

Nirma to buy Lafarge India for $1.4 bn

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 ...

LafargeHolcim enters into agreement with Nirma Limited

07/07/2016  Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11 million tonnes per annum. The company also markets aggregates and is one of India’s leading ready-mix concrete manufacturers. The proceeds from the divestment will be used to reduce debt further. Eric Olsen, CEO, said: “This agreement is an important step in our CHF 3.5 billion ...

Lafarge India shortlists bidders for sale of assets

12/05/2016  Lafarge entered into a deal with Birla Corp. in August 2015 for its east India assets. The transaction was called off on 2 February because of regulatory hurdles over the transfer of related mine ...

Lafarge deal News and Updates from The Economic Times

23/11/2014  Lafarge deal News and Updates from The Economictimes. Benchmarks . Nifty 14,341.35-64.8. NSE Gainer-Large Cap . Muthoot Finance 1,200.85 53.9. FEATURED FUNDS ★★ ★★★ ICICI Prudential Midcap Direct Plan-Growth. 5Y Return. 14.41 % Invest Now. FEATURED FUNDS ★★★ ★★ ICICI Prudential Large Mid Cap Fund Direct Pla.. 5Y Return. 12.93 % Invest Now. FEATURED

Lafarge India - Cement industry news from Global Cement

13/09/2017  Another week and another massive Indian cement industry deal. This week Nirma has won the bidding for the assets of Lafarge India that LafargeHolcim is selling. Before we get too carried away though, the diversified conglomerate entered into a letter agreement with LafargeHolcim on 7 July 2016 to pay US$1.4bn for three cement plants and two grinding plants with a total cement production ...

LafargeHolcim Constructs $1.4 Billion Deal for Indian

The sale of building materials business Lafarge India to Nirma is almost double the value of an abortive agreement with Birla.

Lafarge India sale stuck as CCI role comes under lens in ...

The move to sell all of Lafarge India’s assets was kicked off last month after an earlier deal to sell two cement units to Birla Corp in a Rs 5,000-crore transaction fell through due to restrictions on transfer of mines. In March, the Lok Sabha passed an amendment to

Lafarge India shortlists bidders for sale of assets

12/05/2016  Lafarge entered into a deal with Birla Corp. in August 2015 for its east India assets. The transaction was called off on 2 February because of regulatory hurdles over the transfer of related mine ...

Birla Corp-Lafarge India deal for cement units, brands off ...

19/01/2018  The proposed deal by Birla Corporation Ltd to acquire two cement manufacturing units of Lafarge India Private Ltd (combined capacity of around 5.15 million tonnes) along with Lafarge’s two ...

LAFARGE INDIA SELLS ASSETS TO NIRMA FOR$1.4

Lafarge India operates three plants and two grinding stations with a total capacity of around 11 million tonnes per annum (MTPA). It also markets aggregates and manufacturers ready-mix concrete. LafargeHolcim CEO Eric Olsen said: “This agreement is an important step in our 3.5 billion Swiss franc divestment programme. With this deal, two-thirds of the programme has been secured and the ...

CCI appoints Mazars to monitor asset sale process ... - India

The plan to sell all of Lafarge India's assets kicked off last month. It came after an earlier deal to sell two cement units to Birla Corp in a .`5,000-crore deal fell through because of restrictions related to the transfer of mines. Lafarge India has 11 million tonnes per annum cement capacity.

Lafarge India: Latest News on Lafarge India Top Stories ...

12/03/2021  The deal, the proceeds of which will be used to pay down LafargeHolcim's debt, is subject to approval by the Competition Commission of India. Lafarge India's assets may land in local companies’ bag 08 Jul, 2016, 01.34 AM IST . Mexico’s Cemex and China’s Anhui Conch Cement Company, the largest cement makers in the Americas and Mainland China, respectively, have not made the final cut ...

LafargeHolcim enters into agreement with Nirma Limited

Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11 million tonnes per annum. The company also markets aggregates and is one of India’s leading ready-mix concrete manufacturers. The proceeds from the divestment will be used to reduce debt further. Eric Olsen, CEO, said: “This agreement is an important step in our CHF 3.5 billion ...

Reversal Of Trend – Birla Corp To Buy Two Units Of Lafarge ...

For Lafarge the sale of Jojobera and Sonadih units might be forced sale due to its combination with Holcim to create a world largest cement company alliance of $44 billion but for the Birla Corporation Limited it is an acquisition transaction with Lafarge India Private Limited (Lafarge India), whereby Birla Corp, either directly or through its wholly owned subsidiary, will acquire both the ...

Lafarge India: Latest News, Photos, Videos on Lafarge ...

29/11/2016  How the Holcim-Lafarge deal will impact India's cement market. Business Monday April 7, 2014 . The merger of ACC, Ambuja and Lafarge in India would result in India

LafargeHolcim To Sell Lafarge India Assets To Nirma For

LafargeHolcim has agreed to sell its stake in Lafarge India to Nirma Ltd for an entrerprise value of approximately $1.4 billion, the world’s largest cement producer said in a statement on Monday.

Lafarge India sale stuck as CCI role comes under lens in ...

The move to sell all of Lafarge India’s assets was kicked off last month after an earlier deal to sell two cement units to Birla Corp in a Rs 5,000-crore transaction fell through due to restrictions on transfer of mines. In March, the Lok Sabha passed an amendment to the Mines Minerals Development Act, which will make it possible for companies to transfer mine assets linked to cement units ...

Nirma raises Rs 4k-cr debt to fund Lafarge deal - The ...

16/09/2016  In the largest rupee bond sale for a leveraged buyout, Ahmedabad-based detergent major Nirma on Thursday raised R4,000-crore debt to buy the cement business of French major Lafarge India.

Lafarge plans to exit India operations Business

Lafarge India has submitted a revised proposal to the Competition Commission of India (CCI) to sell its entire 11-million tonne (mt) asset in India. This decision comes after the company’s plan to sell its 5.15-mt cement capacity in Chhattisgarh and Jharkhand to Birla Corporation for Rs 5,000 crore ran into trouble. Investment bankers said the M P Birla Group company was facing challenges in ...

CCI approves proposed stake sale in Lafarge India

NEW DELHI: Competition regulator CCI has given its go-ahead to the proposed 14 per cent stake sale in french cement major Lafarge' Indian subsidiary to Baring Private Equity Asia, saying the deal will not adversely effect competition in the country. The proposed deal comprises the subscription of 14.03 percent stake in Lafarge India by Paris Cement Investment Holdings -- a wholly owned ...

Lafarge India to buy back 14% stake from Barings Asia ...

ETwas the first to report on the sale of assets by Lafarge India on October 16, 2014. In their joint filing to CCI, ... companies are still family-owned,” Baring Asia chief executive officer Jean Eric Salata had said after signing the deal with Lafarge India. “The plan is to expand Lafarge's production in India significantly over the next five years.” But Barings could be againer under ...

CRH linked to US$1bn deal for Lafarge’s Indian assets ...

17/06/2015  India: According to the Irish Examiner, CRH is being linked with a second potential Asian deal in as many weeks, this one with a price tag of around US$1bn. A Mergermarket report has it that CRH is one of 16 likely bidders for assets in eastern India being sold by Lafarge. The disposal makes up part of the conditions related to Lafarge's merger with Holcim.

Lafarge cuts India buyers’ list to five • Aggregate ...

For Piramal Group also the deal would mark its entry into the cement sector. Last year, Lafarge was directed by the Competition Commission of India (CCI) to divest a part of its cement assets over antitrust concerns following its global merger with Swiss cement giant Holcim in April 2014.

LafargeHolcim Enters into Agreement with Nirma Limited

11/07/2016  Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11 million tonnes per annum. The company also markets aggregates and is one of India’s ...

Lafarge: Latest News, Photos, Videos on Lafarge -

09/03/2017  Find Lafarge Latest News, Videos Pictures on Lafarge and see latest updates, news, information from NDTV.COM. Explore more on Lafarge.