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Construction : Cement Update | December 2018 | Source : CW-India

Blackstone, Temasek may acquire Wonder Cement stakes

Blackstone Group and Temasek Holdings are in talks to buy 15-20 per cent stake in Wonder Cement, part of Rajasthan-based RK Group, for Rs 10 bn. Through this deal, the value of the company will stand at Rs 60 to 66 bn.

JP Morgan has been hired to oversee the process. The flow of new funds will reportedly be used to increase the capacity from 6.75 mtpa to 11 mtpa by FY2019.

Contact: Blackstone Group.

Website: www.blackstone.com

 
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