Holcim Weighs Sale of India’s $9.6 Billion Ambuja Cements
- World’s biggest cement maker has been selling non-core assets
- Holcim gauging interest in controlling stake, no decision made
Photographer: Wolfgang von Brauchitsch/Bloomberg
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Holcim Ltd., the world’s biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements Ltd., according to people familiar with the matter.
The Swiss giant is gauging interest in its controlling stake in Ambuja, the people said, asking not to be identified as the information is private. Holcim controls 63.1% of Ambuja, which has a market value of about $9.6 billion.