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Ambuja Cements to study merits of merger with ACC
May 5, 2017 / 2:06 PM / 7 months ago

Ambuja Cements to study merits of merger with ACC

MUMBAI (Reuters) - India’s Ambuja Cements Ltd said on Friday it was considering the merits of a merger with its subsidiary ACC Ltd.

A labourer takes a nap on the stacked cement sacks of ACC company on the outskirts of the northern Indian city of Allahabad June 22, 2012. REUTERS/Jitendra Prakash/files

Analysts have expressed concerns about Ambuja permanently losing market share to rivals, especially in the western and northern parts of India.

A merger with ACC could help Ambuja address these worries and bring about operational and financial efficiencies, which shareholders have been seeking for some time.

Merging the two, both of which are owned by Swiss-based LafargeHolcim Ltd, could enable them to combine their strengths to benefit all stakeholders, Ambuja said.

Reporting by Promit Mukherjee; editing by Alexander Smith

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