Among those interested in the assets are JSW Cement, Irish building materials maker CRH Plc and Blackstone Group Franco-Swiss cement maker LafargeHolcim Ltd is expecting almost Rs.10,000 crore in deal value for the entire 11 million tonnes?per annum (mtpa) Indian cement portfolio it plans to sell.
Among those interested in the assets are JSW Cement Ltd, Irish building materials maker CRH Plc and private equity (PE) firm Blackstone Group LP, according to the two people and a third person familiar with the development.Cement Mill LafargeHolcim said it was considering a revised plan to sell Lafarge?s full cement capacity in India.
?What is on right now is the informal discussion rounds; formal process will start only once Lafarge receives the Competition Commission of India (CCI)?s approval for the revised plan. The expected valuation for the deal is being quoted at around plus or minus of Rs.10,000 crore,? said one of the two people mentioned above.