Holcim : India subsidiaries could be sold at the peak
>Disposal of operations in India at $ 190/t of capacity - According to a Bloomberg article, Holcim is looking to sell its subsidiaries in India. The disposal process is believed to be in the early stages, with no guarantee of success. In 2021, India accounted for 13% of Holcim's sales and consolidated EBIT. Holcim owns 63.1% of Ambuja Cements, a listed company that itself controls 50.05% of ACC (Holcim directly owns 4.48% of ACC). Ambuja has cement capacity of 65 Mt w...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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