Someone has rightly said that real heaven lies in India. And to vouch for it, we have no 
other than Markus Akermann, the man at the helm of Holcim – world’s leading cement company, straight from the lands of world’s most beautiful country, Switzerland. Akermann in no time cracked the brass tacks of Birla Cement empire via taking controlling stakes across couple of companies. Currently, he is making his company’s foundation more firm in the country. The company plans to acquire 3.9% of Ambuja Cement Ltd. (ACL) at Rs.154 per share, in total for $220 million, from the founding families of the company. This buyout will also cross the limit of 5%/FY for Holcim. Therefore, as per the Indian takeover code, the company is making a 20% open offer to the public @Rs.154 per share and in total for $1.12 billion will be pumped for this.
For Complete IIPM Article, Click on IIPM Article
other than Markus Akermann, the man at the helm of Holcim – world’s leading cement company, straight from the lands of world’s most beautiful country, Switzerland. Akermann in no time cracked the brass tacks of Birla Cement empire via taking controlling stakes across couple of companies. Currently, he is making his company’s foundation more firm in the country. The company plans to acquire 3.9% of Ambuja Cement Ltd. (ACL) at Rs.154 per share, in total for $220 million, from the founding families of the company. This buyout will also cross the limit of 5%/FY for Holcim. Therefore, as per the Indian takeover code, the company is making a 20% open offer to the public @Rs.154 per share and in total for $1.12 billion will be pumped for this.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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