Cement News tagged under: KKR
KKR backs SIMEC to invest in ABG Cement, India01 July 2015, Published under Cement NewsPrivate equity firm KKR is teaming up with diversified trading and commodities group SIMEC to invest INR9bn (US$141.5m) to take over the cement business of debt-laden ABG Group. The funding will help complete the delayed 5.8Mta cement project in Gujarat, multiple sources have told the Economic Times of India. The deal will be undertaken through a multi-tiered financial transaction. The first part of the transaction, to be concluded in the coming weeks, will see KKR fund SIMEC to pick up a ... |
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