Imerys may buy India’s ACE Refractories for INR5.50bn

Imerys may buy India’s ACE Refractories for INR5.50bn
Published: 01 August 2007

France’s  Imerys may buy India’s ACE Refractories for about INR5.50bn (US$136m) from private equity fund ICICI Ventures, the Business Standard reported, citing unnamed sources.  
 
The report said ICICI Ventures had bought the refractory unit from cement company  ACC Ltd for INR2.57bn two years back.