Adani Group in talks to buy Heidelberg's Indian cement operations, ET reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
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Should l Buy ?
Source: Reuters
Adani Group's Acquisition Talks: The Adani Group is negotiating to acquire Heidelberg Materials' Indian cement operations for approximately $1.2 billion, following its entry into the cement sector in 2022 and subsequent acquisitions to compete with UltraTech Cement.
Market Dynamics: Increased deal-making in India's cement industry has been driven by government spending boosting demand, while HeidelbergCement India faces challenges with declining market share and profits amid heavy competition.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
