Nirma to buy LafargeHolcim's India unit at $1.4B
World's largest cement manufacturer, LafargeHolcim, has agreed to sell its Indian unit to Ahmedabad-based Nirma for an enterprise value of about $1.4 billion. The unit constitutes three cement plants and two grinding stations with a production capacity of about 11 million MT-a-year, a statement said. Notably, LafargeHolcim is trying to meet a disposal target of $3.6 billion by year-end. 