ACC, Ambuja Cements put merger on hold over mines hurdle3 min read 26 Feb 2018, 10:06 PM IST
ACC and Ambuja Cements said merger is still ultimate objective, but they will aim to maximize synergies for now
Mumbai: ACC Ltd and Ambuja Cements Ltd, both controlled by LafargeHolcim Ltd, said they were putting on hold their proposed merger, citing constraints related to transfer of mines under current laws. The merger, which would have potentially created India’s second largest cement maker, still remains the “ultimate objective", the companies said.
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