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ACC, Ambuja Cements merger not on cards
Holcim has no plans to merge ACC and Ambuja Cements, although it owns over 50 per cent in both companies. The Swiss cement major recently increased its stakes in the two companies, through the creeping acquisition route, to levels just short of 51 per cent. Holcim's equity stake in ACC has increased to 50.10 per cent from 48.32 per cent in the end of December and Ambuja Cements, to 50.01 per cent from 45.45 per cent.
Contact: Holcim Ltd. Tel: +41-58-858 5858. Fax: +41- 58-858 5859. Website: www.holcim.com