Lafarge to sell India assets to Nirma for $1.4 billion. The deal, the proceeds of which will be used to pay down LafargeHolcim's debt, is subject to approval by the Competition Commission of India. more. 11 Jul, 2016, 06.14 PM IST.

Holcim and Lafarge are selling facilities around the world as part of efforts to win regulatory approval for their union, which will create a building materials giant. The European Union, India and regulators in other major markets have already blessed the deal.

In August 2015, the company signed an agreement with Birla Corporation to sell the asset for Rs 5,000 crore. However, the deal got into trouble as a change in regulations prohibited the transfer of mining rights in case of an asset sale. Later, Lafarge submitted a revised proposal to CCI to sell its entire India …

Lafarge Cement Chittorgarh Recruitment At Sales Post Jan. Lafarge Cement Plant In India . Birla Corp in Rs 5 000 crore deal with Lafarge for cement units indiacom Lafarge Cuts India Buyers List To Five The Financial Jun 01 2016 Lafarge has shortlisted five bidders for the sale of its India assets which comprise cement plants with a total capacity of 11 million tonnes per annum …

For Piramal Group also the deal would mark its entry into the cement sector. Last year, Lafarge was directed by the Competition Commission of India (CCI) to divest a part of its cement assets over antitrust concerns following its global merger with Swiss cement giant Holcim in April 2014.

Birla Corporation to buy Lafarge's India cement units for Rs 5,000 cr. The sale of assets, including the two cement plants operated by Lafarge India with a combined annual capacity of 5.15 million tons, was part of the agreement.

Nirma inks $770-mn deal to acquire Emami Cement. Nirma Group has signed a binding agreement to acquire the cement business of diversified conglomerate Emami Group for an enterprise value of Rs 5,500 crore (about $770 million). "This transaction is an important step in our group's stated objective of becoming debt-free and with this ...

Lafarge entered into a deal with Birla Corp. in August 2015 for its east India assets. The transaction was called off on 2 February because of regulatory hurdles over the transfer of related mine ...

In one of the largest PE deals this year, Baring Private Equity Asia has invested about $260 million (Rs 1,440 crore today) in Lafarge India for a 14 per cent stake in the cement firm. The funding from Baring Asia will be used to double Lafarge India's capacity at its Chhattisgarh plant.

The Competition Appellate Tribunal () has halted the sale of Lafarge India after an appeal by a rival, delaying the merger of Lafarge and Holcim's Indian operations. The tribual stayed a ...

But the deal failed as an amendment in the Mining Act prohibited transfer of mining rights in case of asset sale. Lafarge now plans to sell its entire asset of 11 mtpa capacity in India through share sell to complete its global merger with Holcim. Birla Corp said it is looking for legal recourse on the failed deal with Lafarge.

MUMBAI: Detergent major Nirma, which in July had agreed to buy the cement business of the French major Lafarge India, on Thursday raised Rs 4,000 crore debt to fund the deal, making it the largest rupee bond sale for a leveraged buyout. "The Rs 4,000-crore five-year bond sale by Nirma offers a yield of 8.68 per cent was oversubscribed 1.5 times. This is the largest rupee bond sale for a ...

Competition Appellate Tribunal Halts Lafarge India Sale from the Competition Commission of India (CCI) to divest its interest in Lafarge India, including three cement plants How the Holcim-Lafarge deal will impact India's cement market. European Investing Summit 2018 Preview: LafargeHolcim MOI Sep 25, 2018 LafargeHolcim is a leading ...

LafargeHolcim Ltd, the world's largest cement maker, today said it will sell its stake in Lafarge India to Nirma Ltd for an enterprise value of about USD 1.4 billion.

CEMENT DEAL. One unit for sale is a joint venture with mining group Anglo American Plc, which said it would sell to Lafarge its 50 percent stake for at least 885 million pounds ($1.5 billion) so ...

The Competition Commission of India (CCI) has given its green signal for the Holcim-Lafarge merger deal that would create the world's largest cement group, while directing Lafarge …

In a blow to the ongoing sale process of Lafarge's India assets, the Competition Appellate Tribunal or COMPAT has stayed the Competition Commission of India's earlier order which had approved a revised sale proposal submitted by the French cement major. In an interim verdict, the COMPAT ruled that the anti-monopoly regulator's verdict was passed without any jurisdiction.

Lafarge-Holcim merger in trouble as Competition Appellate Tribunal halts Lafarge India sale Birla Corp shares surge over 19% on deal with Lafarge …

Lafarge firms up entry into India: Tisco accepts deal for cement division The board of directors of Tata Iron and Steel Company Limited or Tisco today accepted Lafarge's offer to acquire its ...

Lafarge India sold it to Birla Corp but the deal fell through due to the change in regulations on transfer of mining rights. With pressure to complete the global merger Lafarge India now plans to sell through a share sale deal. "We are expecting one or two more serious players to come through consolidation," says Munesh Khanna, partner PWC India.

The deal failed as Birla Corp could not secure mining licences. This prompted Lafarge to put its entire capacity on the block, as a share sale deal would result in getting the mining licences automatically transferred. Lafarge India submitted a revised proposal to this effect early this year.

New Delhi, Jul 11 Swiss cement giant LafargeHolcim today announced agreement for sale of its assets in Lafarge India to soaps and chemicals maker Nirma for …

11 July 2016. LafargeHolcim announces it has entered into a letter agreement with Nirma Limited subject to approval by the Competition Commission of India (CCI) for the divestment of its interest in Lafarge India for an enterprise value of approximately USD 1.4 billion. Lafarge India operates three cement plants and two grinding stations with a ...

Earlier, Lafarge wanted to sell part of its domestic business to Birla Corp for about Rs 5,000 crore ($753 million), but the deal ran into regulatory trouble as laws then prohibited the sale of ...

for Rs 9,400 crore including debt, as part of a deal to complete the India leg of the global merger of Lafarge and Holcim. ACC has cement capacity of 33.5 MT, which it plans to expand to 35 MT in the current calendar year.

PTI. Detergent major Nirma, which in July had agreed to buy the cement business of the French major Lafarge India, on Thursday raised `4,000 crore debt to fund the deal, making it the largest rupee bond sale for a leveraged buyout. "The `4,000-crore five-year bond sale by Nirma offers a yield of 8.68% was oversubscribed 1.5 times.

For example, Nirma Limited proposed to buy Lafarge India's cement assets from LafargeHolcim through an asset sale, but in light of the ambiguity around transfer of mining leases, the structure was later modified to a 100 percent share sale (based on the interpretation that a 100 percent share sale does not constitute transfer under the MMDR Act).

Home Business & Economics LAFARGE INDIA SELLS ASSETS TO NIRMA FOR$1.4 BILLION LAFARGE INDIA SELLS ASSETS TO NIRMA FOR$1.4 BILLION Jul 16, 2016 - 7:28 am EDT @theindpanorama Business & Economics, Other News, World 0

However, the deal is subject to the nod of the Competition Commission of India (CCI). The cement maker has a target to divest 3.5 billion Swiss francs in 2016. It has finished the sale of its businesses in South Korea and entered into a divestment agreement for …

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