India’s competition regulator in India, Compat, has stopped the sale of Lafarge’s India assets, reports Indian Express. The Competition Appellate Tribunal (Compat) interim order puts on ice the sale of the assets, which a slew of private equity firms and cement manufacturers have put bids in for or expressed strong interest in doing so. Among very interested parties are cement manufacturers and private equity firms including CRH group, Heidelberg Cement, Blackstone, and Aion Capital. Compat stayed the
India’s competition regulator in India, Compat, has stopped the sale of Lafarge’s India assets, reports Indian Express.
The Competition Appellate Tribunal (Compat) interim order puts on ice the sale of the assets, which a slew of private equity firms and cement manufacturers have put bids in for or expressed strong interest in doing so. Among very interested parties are cement manufacturers and private equity firms including CRH group, Heidelberg Cement, Blackstone, and Aion Capital.
Compat stayed the sale process of Lafarge India’s assets comprising 11 million tonnes/year of cement capacity stating that the Competition Commission of India had exceeded its jurisdiction by allowing such a sale by modifying its original order.
