Freshfields advises Holcim on the sale of its Indian activities to the Adani group



Global law firm Freshfields Bruckhaus Deringer (“Freshfields”) advised Holcim Group Services Ltd on the signing of a binding agreement for the sale of its India operations to the Adani Group. The deal includes Holcim’s 63.11% stake in Ambuja Cement, which owns a 50.05% stake in ACC, as well as its 4.48% working interest in ACC. The volume of transactions amounts to 6.4 billion francs.

The transaction is subject to local government approvals and is expected to close in the second half of 2022. Ambuja Cement and ACC are both BSE listed companies.

The Dubai-based corporate team from Freshfields advising on the transaction was led by partner Rob Cant and senior partner Maha Osman, with additional support from partner Al-Waleed Al-Kiyumi. Financial advice was also provided by partner Haris Meyer Hanif of Dubai, with partner Vincent Daniel-Mayeur and lawyer Thomas Métayer, from our Paris office, on tax aspects. Senior Partner Sara Sayeed and Partner Fiona McHugh from our London office provided compliance advice for the transaction.

About Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer is an international law firm. We have a long history of successfully assisting the world’s largest industrial and financial companies, institutions and governments with their complex projects, transactions and challenges. Whether from our 28 offices in the world’s major business and financial centers or with leading local law firms, our more than 2,800 lawyers provide comprehensive business law advice and combine their expertise to provide decisive legal and sectoral solutions to our clients.


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