Holcim : Divestment of the Indian subsidiaries to ramp up the group’s transformation
>Disposal of activities in India at $ 160/t of capacity - Holcim has signed a definitive agreement to divest to Adani Group all of its activities in India (63.11% of Ambuja Cement, a vehicle owning a 50.05% stake in ACC, as well as its direct stake of 4.48% in ACC). Adani Group offers a price of CHF 11.3bn to acquire all of ACC/Ambuja, namely EV/EBITDA of 14.5x (and CHF 6.4bn for Holcim). In 2021, India represented just 13% of group sales and consolidated EBIT vs a di...LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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