Salem Radio Network News Thursday, July 7, 2022

Business

Holcim looking at 10 acquisition targets – CEO

ZURICH (Reuters) – Holcim is examining 10 acquisitions with the ability to buy large and small companies, Chief Executive Jan Jenisch said on Monday, after the Swiss cementmaker agreed to sell its Indian operations to Adani Group in a $10.5 billion deal.

“We are growing at quite a fast pace and the plan is, the proceeds from the divestment, we will continue to accelerate our strategy 2025 and acquire new companies,” Jenisch told reporters.

“At the moment we have around 10 transactions being checked by us, being negotiated by us. They are small transactions, they are bigger transactions,” he added. “We are ready for another Firestone,” he said, referring to the $3.4 billion acquisition Holcim made last year.

(Reporting by John Revill; Editing by Michael Shields)

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