Holcim hikes Indian Ambuja Cements stake by about 13 pct to 46 per cent

Holcim hikes Indian Ambuja Cements stake by about 13 pct to 46 per cent
Published: 04 December 2007

Holcim said it has expanded its stake in Indian cement maker Ambuja Cements by around 13 pct to 46 pct.
The Swiss cement maker said the transaction corresponds to a total investment of 780 mln usd and is entirely financed through internal resources and existing credit facilities.

Holcim had announced plans to to hike its stake in August.