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UltraTech Cement Middle East Investments acquires 54% stake in Ras Al Khaimah Co. for White Cement and Construction Materials

Jul 11, 2024about 1 year ago

Acquiring Company

UltraTech Cement

Acquired Company

RAK Cement

MumbaiRas Al KhaimahConstructionBuilding MaterialManufacturing

Description

UltraTech Cement Middle East Investments, a subsidiary of Ultratech Cement, has completed the acquisition of an additional stake in Ras Al Khaimah Co. for White Cement and Construction Materials, resulting in a controlling 54.39% shareholding. This strategic move enhances UltraTech's position in the United Arab Emirates market and solidifies its commitment to expanding its influence in the cement and construction materials sector.

Company Information

Company

UltraTech Cement

Location

Mumbai, Maharashtra, India

About

UltraTech Cement Ltd. is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally. UltraTech as a brand embodies 'strength', 'reliability' and 'innovation'. Together, these attributes inspire engineers to stretch the limits of their imagination to create homes, buildings and structures that define the new India.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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