Adani Group in Talks to Buy Indian Cement Unit of Heidelberg Materials, the Economic Times Says, Citing Sources
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Dow Jones
--India's Adani Group has entered into talks to acquire the Indian cement operations of Germany's Heidelberg Materials in a deal that could be worth $1.2 billion, Indian newspaper the Economic Times reports, citing people with knowledge of the deal.
--Adani Group company Ambuja Cements wants to complete the transaction fast and may opt out of the deal if it becomes a full sales process involving other bidders, according to the Economic Times reports.
--Heidelberg declined to comment and Adani Group didn't respond to queries.
Full story: https://shorturl.at/aKcQy
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
October 07, 2024 03:47 ET (07:47 GMT)
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