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Reuters reveals India antitrust raids at UltraTech, local units of Switzerland’s LafargeHolcim; market reacts

Reuters exclusively reported that the Competition Commission of India had raided offices of India’s top cement maker UltraTech and two units of Switzerland’s LafargeHolcim. The raids were conducted in multiple cities, including in Mumbai. LafargeHolcim, the world’s biggest cement maker, confirmed the visit by antitrust inspectors in response to Reuters questions ahead of publication. Following the Reuters report, LafargeHolcim’s Indian units – Ambuja Cements and ACC – filed Indian stock exchange disclosures the next morning confirming the enforcement action.
The post Reuters reveals India antitrust raids at UltraTech, local units of Switzerland’s LafargeHolcim; market reacts appeared first on Reuters News Agency.

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