Heidelberg Close To Stake Buy In India Gujarat Sidhee-TV

Heidelberg Close To Stake Buy In India Gujarat Sidhee-TV
Published: 09 October 2006

Germany’s HeidelbergCement AG is close to buying out the founders’ stake in India’s Gujarat Sidhee Cement Ltd, television news channel NDTV Profit reported Monday.


The channel, which quotes unnamed sources, said the deal would be concluded over the next two days. Gujarat Sidhee’s founders had a 46.03 per cent in the company as of June 30.


Currently, Heidelberg operates in India through a joint venture, IndoRama Cement, and holds a controlling stake in Mysore Cements, which it bought in July.