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home / news releases / HCMLF - Holcim weighs sale of India's $9.6B Ambuja Cements - Bloomberg

HCMLF - Holcim weighs sale of India's $9.6B Ambuja Cements - Bloomberg

LafargeHolcim
Cement maker Holcim (OTCPK:HCMLY) is considering a potential sale of businesses in India including its controlling stake in Ambuja Cements, Bloomberg reports. Holcim owns 63.1% of Ambuja, which has a market value of ~$9.6B and has a cement capacity of 31M metric tons, with six integrated manufacturing plants and eight cement grinding units in India. Holcim has been selling off non-core assets to reduce debt and diversify through acquisitions; it is planning to sell its Zimbabwe unit and sold its Brazilian businesses in September for $1B.

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Holcim weighs sale of India's $9.6B Ambuja Cements - Bloomberg
Stock Information
Company Name: LafargeHolcim
Stock Symbol: HCMLF
Market: OTC
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