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LafargeHolcim units ACC, Ambuja Cement to explore merger

By Reuters

  • 05 May 2017
LafargeHolcim units ACC, Ambuja Cement to explore merger
Credit: Reuters

India's Ambuja Cements Ltd said on Friday it was considering the merits of a merger with its subsidiary ACC Ltd.

Analysts have expressed concerns about Ambuja permanently losing market share to rivals, especially in the western and northern parts of India.

A merger with ACC could help Ambuja address these worries and bring about operational and financial efficiencies, which shareholders have been seeking for some time.

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Merging the two, both of which are owned by Swiss-based LafargeHolcim Ltd, could enable them to combine their strengths to benefit all stakeholders, Ambuja said.

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