Tag: ACC

Adani to Become India’s No. 2 Cement Maker With $10.5 Billion Holcim Deal

May 17, 2022
ACCAdaniBusiness & EconomycementCompanieseconomyMarketsstocks
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Indian conglomerate Adani Group plans to buy Holcim AG’s cement businesses in India for $10.5 billion, its largest-ever acquisition, to become the country’s No. 2 cement manufacturer. Adani Group, owned by billionaire Gautam Adani, currently has no cement-making operations but said the firms were a good fit given its ports and logistics, energy, and real…

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Daimler Takes 33 Percent Stake in European Battery Cell Venture Automotive Cells Company (ACC)

September 24, 2021
ACCbatteryBusiness & EconomyCompaniesdaimlerEuropeInvestmentMarketsMercedes-BenzStellantisTotalEnergiesWorld
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BERLIN—Daimler’s Mercedes-Benz said on Friday that it will take a 33 percent stake in battery cell manufacturer Automotive Cells Company (ACC) alongside the project’s original founders Stellantis and TotalEnergies. The purpose of the partnership is to develop cells and battery modules and “help ensure that Europe remains at the heart of the auto industry—even in…

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