JSW, Blackstone submit bids for LafargeHolcim’s cement assets
Private Equity giant Blackstone and Sajjan Jindal-Led JSW Cement are among the bidders for LafargeHolcim's Indian cement assets worth Rs 10,000 crore.
"JSW Cement, Blackstone and Ramco Cements have submitted bids to acquire LafargeHolcim's 11 MTPA cement capacity, which is worth around Rs 10,000 crore. The bidders are looking for partners to acquire the cement assets," sources said.
Ireland-based building material group CRH Plc has also shown "strong interest" in acquiring LafargeHolcim's Indian assets, they said, but did not elaborate whether the group has submitted a bid for it. In February, Swiss cement giant LafargeHolcim said it has got fair trade regulator CCI's approval for a new divestment plan for its India business.
LafargeHolcim is selling its three cement plants and two grinding stations with a capacity of 11 mtpa.