Construction Industry News
The merger of ACC and Ambuja Cements, the companies controlled by Holcim, the Swiss cement major, has been deferred indefinitely.
An investment banker, privy to the development, said, “The parent company has been doing creeping acquisition of five per cent every year and the merger is not on the cards. They have a common treasury, marketing and technical advisory, and they are not looking at spending money on merging, as there are some markets where either of them are not present.
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