Adani Group to Buy Ambuja Cements and ACC for $10.5bn from Holcim
Adani Group won the bid to buy Holcim’s Indian unit Ambuja Cements and its subsidiary ACC for $10.5bn, taking a 63.19% stake. Adani Group said that it entered into definitive agreements to acquire stakes in Holcim’s units via an offshore special-purpose...
Abu Dhabi’s IHC to Invest $2bn in Adani’s Green Portfolio
Abu Dhabi’s IHC (International Holding Company) has agreed to invest AED 7.3bn ($2bn) in three companies of the Indian conglomerate Adani Group. The three listed companies of the group that IHC will invest in are Adani Green Energy Ltd. (AGEL), Adani...
Moody’s Changes Adani’s North Queensland Export Terminal’s Outlook to Negative
Moody’s has revised the outlook of Adani Group’s North Queensland Export Terminal Pty Ltd (NQXT) while affirming the Ba2 senior secured ratings reflecting the rising refinancing risk associated with NQXT’s $500mn 4.45% 2022s issued under Adani Abbot...
