Simec reportedly in talks to buy stake in Gujarat unit

Simec reportedly in talks to buy stake in Gujarat unit
Published: 03 April 2014


Dubai-based Simec is expected to buy up to 51 per cent in ABG Cement's Gujarat unit, local press have reported.

The enterprise value of the 5.8Mta cement facility is expected to be around INR3500 crore, two sources familiar with the deal told the Economic Times.