French-based producer Vicat, is in advanced buyout discussions with Bharathi Cement of Hyderabad, according to local press reports.
An investment banking source said a deal, to be priced around US$200/t, is likely to be sealed in the next few weeks. At Bharathi’s current capacity of 2.5Mt, the deal could cost US$500m.
Bharathi’splant is at Nallalingayapalli village in Kadapa. The company has a long-term blueprint to set up 5Mt capacity.