Holcim will increase its shareholding in Ambuja to 61.39 percent from the current stake of just over 50 percent, the Zurich-based firm added. Ambuja Cements will issue 58.4 crore shares to Holcim in a proposed merger swap ratio of 6.6 Ambuja shares for 1 ACC share
Ambuja will in turn acquire Holcim's 50.0-percent stake in ACC Ltd. Both Ambuja and ACC will continue to operate as separate entities.
"The transaction is expected to be neutral on Holcim's earnings per share in the first full year following the completion of the transaction and accretive thereafter", said Holcim chief executive Bernard Fontana.
According to terms of the deal, Ambuja Cements will acquire a 24-percent stake in Holcim India for Rs 3,500 crore and Holcim India will be merged into Ambuja via an all-stock merger.
Citi has been appointed as advisor to Holcim while Axis Capital is the advisor to Ambuja Cements.
(With inputs from Reuters)
Anda sedang membaca artikel tentang
Holcim ups stake in Ambuja Cements
Dengan url
http://gayafashionshow.blogspot.com/2013/07/holcim-ups-stake-in-ambuja-cements.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Holcim ups stake in Ambuja Cements
namun jangan lupa untuk meletakkan link
Holcim ups stake in Ambuja Cements
sebagai sumbernya
0 komentar:
Posting Komentar