BMM Group to sell cement business to Sagar Cements
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BMM Group to sell cement business to Sagar Cements

01 Oct 2014 1 Min Read CW Team
Sagar Cements has plans to buy the cement business of Bangaluru-based BMM Ispat Group. The deal, with an enterprise value of about Rs 500 crore, is likely to be sealed soon. The valuation per tonne is expected to be around $80-$85. Once the deal is closed, Sagar´s capacity will increase from 2.75 mn tonne to 3.75 mn tonne as BMM has a 1 mn tonne cement manufacturing unit in Andhra Pradesh.

Sagar Cements has plans to buy the cement business of Bangaluru-based BMM Ispat Group. The deal, with an enterprise value of about Rs 500 crore, is likely to be sealed soon. The valuation per tonne is expected to be around $80-$85. Once the deal is closed, Sagar´s capacity will increase from 2.75 mn tonne to 3.75 mn tonne as BMM has a 1 mn tonne cement manufacturing unit in Andhra Pradesh.

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