Adani Group to buy Holcim’s India cement business in $10 billion deal

Adani Group to buy Holcim’s India cement business in $10 billion deal

One of India’s largest business groups has agreed to buy Holcim Ltd.’s cement business in India, in a $10.5 billion deal that is biggest ever acquisition in the country’s infrastructure and materials industry. The Adani Group 512599, +0.61% will buy Switzerland-based Holcim’s HOLN, +2.94% stake in Indian listed companies Ambuja Cements Ltd. and ACC Ltd.,…